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Technology, media, and telecommunications M&A update: Q4 2023

Within the education sector the widespread adoption of AI and machine learning in personalized learning environments has facilitated customized learning experiences, adapting to students’ individual pace and style, thereby enhancing engagement and learning outcomes.

Technology, media, and telecommunications trends

  • Software: Collaboration & Communication
    As businesses increasingly adopt tools to enhance collaboration, boost productivity, and adapt to evolving work trends, the Unified Communications as a Service (UCaaS) market is expected to witness an impressive 15% CAGR through 2030.1
  • Software: Computing & Internet Infrastructure
    The serverless computing market is expected to witness a robust 23% CAGR through 2029, driven by advancements in computing technology and compelling architectural advantages.2
  • Software: Healthcare IT
    There has been a significant increase in the integration of wearable technologies for remote patient monitoring, with over 80% of wearable device users open to sharing information from the device with their doctor.3
  • Software: Education
    The notable increase in the use of gamification techniques in educational content proves effective in increasing student motivation and participation, especially in K-12 education, with 67% of students preferring gamified learning as opposed to traditional courses.4
  • IT Services: Regional IT services
    Through November 2023, US institutions have raised ~$250B in funding for AI research and technology, which comes as corporate wallet sizes for automation projects continued to grow throughout the year.5
  • IT Services: Value-added Resellers & Technology Distributors
    2023 witnessed a remarkable surge in demand for multi-camera conferencing technologies among technology distributors; spending for this equipment increased by 35% YTD October 2023 as tailwinds from the pandemic surrounding remote conferencing continue to compound within businesses and other institutions.6
  • Music and Entertainment: Music & Radio
    The global streaming music industry is poised for substantial growth in FY24, with an estimated 750 million subscribers contributing to a projected revenue of $23 billion.7

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1. Fortune Business Insights. Unified Communication as a Service (UCaaS) Market Size. Accessed December 31, 2023.

2. Mordor Intelligence. Serverless Computing Market Size & Share Analysis – Growth Trends & Forecasts (2024-2029). Accessed December 31, 2023.

3. National Heart, Lung, and Blood Institute. Study Reveals Wearable Device Trends Among U.S. Adults. Accessed December 31, 2023.

4. Finances Online. 54 Gamification Statistics You Must Know: 2024 Market Share Analysis & Data. Accessed December 31, 2023.

5. Mirae Assets. Global X AI investment survey. Accessed December 31, 2023.

6. Technology Reseller. Why Multi-Camera Conferencing Represents The Next Generation Of Video Meetings. Accessed December 31, 2023.

7. Deloitte. Shuffle, subscribe, stream: Consumer audio market is expected to amass listeners in 2024, but revenues could remain modest. Accessed December 31, 2023.

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