Deal volumes and values in the first half of 2024 decreased compared to the same period in 2023. Deal volumes dropped by 20% and deal values by 8%. While media and entertainment and telecoms saw growth in deal values despite volume declines, the technology sector experienced a 15% decrease in deal values.
The technology sector remained the largest sector in terms of deal volumes and values, accounting for 83% and 72% respectively. Software was the dominant subsector within the technology sector, representing 69% of deal volumes and 70% of deal values. Despite a 23% decrease in deal volumes, software saw a 55% increase in deal values due to eight megadeals.
IT services, the next largest subsector, accounted for 17% of deal volumes and 14% of deal values, experiencing declines in both areas during the first half of 2024. The semiconductor sector also slowed down, with deal volumes dropping by 32% and deal values by 52%. Overall, the technology sector faced challenges in deal volumes and values in the first half of 2024.
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