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Analysis

Technology, media, and telecommunications M&A update: Q2 2024

The anticipated growth in the enterprise resource planning (ERP) market is primarily driven by a strategic shift toward user customization, which aims to elevate platform efficiency, ease of use, and overall business success.

Technology, media, and telecommunications trends

  • Horizontal software: Business process, ERP, and information management
    The rising prevalence of mobile device usage is catalyzing the demand for mobile-friendly ERP solutions.1
  • Horizontal software: Compliance, human capital, and risk
    Market growth in 2024 is expected to be driven by rising demand for performance management solutions and the integration of AI into HR systems, which streamline processes and support talent-matching through advanced machine learning applications.2
  • Vertical software: Fintech and tax
    The small and medium-sized enterprise (SME) market is expected to increasingly become a target for fintechs looking to grow their business or extend their value to new market segments.3
  • IT services: Next-gen tech services
    The widespread adoption of AI will likely drive extensive IT infrastructure modernization, offering substantial opportunities for providers with cloud and comprehensive end-to-end solutions.4
  • Media and entertainment: Internet and digital media
    As internet-based data collection and personalization continue to grow stronger, monetization opportunities for media companies will naturally increase as new, more personalized advertising and subscription opportunities can be offered.5
  • Media and entertainment: Gaming
    The gambling industry has demonstrated resilience, highlighted by record-high visits to Las Vegas and the enduring appeal of online gambling platforms.6

Technology, media, and telecommunications quarterly update: Q2 2024

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References

1. SAP Insights, “11 ERP trends for 2023 and beyond,” accessed June 30, 2024.
2. Cyril Amblard-Ladurantie, “Governance, risk and compliance trends, 2024,” MEGA, April 19, 2024.
3. KPMG, “Top fintech trends for H1’24,” accessed June 30, 2024.
4. IDC, “IDC forecasts revenue for artificial intelligence software will reach $307 billion worldwide in 2027,” press release, October 31, 2023.
5. Nic Newman, “Journalism, media, and technology trends and predictions 2024,” Reuters Institute, January 9, 2024.
6. Morningstar, US gaming pulse: Q2 2024, accessed June 30, 2024.

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