Our Software & Technology Industry Report provides an overview of key trends and developments affecting the industry. This quarterly update covers market performance, economic indicators, and emerging opportunities.
Below are the highlights from the full report. Click the link to download the complete analysis.
Market Dynamics & Outlook
Global M&A activity maintained strong levels in Q3 2024 after a sluggish 2023 that was bogged down by elevated interest rates, economic slowdown concerns, and geopolitical issues.
Supply chain management remains crucial to reducing operational costs for tech products in Q3. Ongoing strikes in the logistics industry present future potential threats to margin.
Generative AI remained a dominant force in the tech sector. Startups have begun to shift towards practical applications of AI in industries such as healthcare, finance, and logistics.
M&A is expected to continue to accelerate through the end of Q4 2024 as lower rates become a catalyst to new growth.
Cybersecurity remained a key area of investment for software platforms. Major providers continued to post strong revenue growth, driven by enterprise digital transformation efforts.
Cloud computing adoption remains a key enabler for businesses undergoing digital transformation. As companies continue to invest in scalable, flexible infrastructure, it's likely that major cloud providers will benefit from sustained demand.
