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Technology, media, and telecommunications M&A update: Q4 2022

As software development continues to expand, the demand for automated code review tools has grown urgent due to its inherent ability to accelerate software product development.

Technology, media, and telecommunications trends

  • Application software
    Artificial intelligence software is increasingly being implemented into business environments to minimize time spent on repetitive tasks, improve productivity, and enhance the overall customer experience while avoiding potential mistakes.1
  • Internet and digital media
    Keyword-based search and social continue to remain strong channels of online media advertising, accounting for 55% of total ad spend in 2022.2
  • Diversified IT services
    The global serverless computing market is expected to grow at a compound annual growth rate of 22.2% between 2023 and 2028 due to its lower price point and flexibility to scale with customers’ shifting computing needs.3
  • Hardware 
    In 2022, the US manufacturing sector faced labor shortages, and it is estimated that 2.1 million manufacturing jobs could go unfilled by 2030.4
  • Traditional media
    After years of robust subscriber growth and massive investments into original content, several streaming services are beginning to take cost-cutting measures.5
  • Telecommuncations
    As use cases expand for virtual reality, the need to support the metaverse’s heavy data requirements will also likely increase.6

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1 Krystal Hu, “ChatGPT sets record for fastest-growing user base – analyst note,” Reuters, updated February 1, 2023.

2 Zenith, “Zenith forecasts 4.5% growth for 2023 after 7.3% uplift in 2022, marking continued healthy growth,” December 5, 2022.

3 Expert Market Research, Global serverless computing market outlook, accessed December 31, 2022.

4 National Association of Manufacturers, “2.1 million manufacturing jobs could go unfulfilled by 2023,” May 4, 2021.

5  Jon Swartz, “Peak TV’ is coming to an end as streaming services look to cut costs,” MarketWatch, updated December 24, 2022.

6 Sydney Price, “The ‘cloudification’ of telcos presents major opportunities for cloud services,” S&P Global Market Intelligence, July 12, 2022.

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