spike circle

Analysis

Technology, media, and telecommunications M&A update: Q3 2024

As biometric capabilities in consumer electronics advance, sophisticated biometric solutions are becoming increasingly feasible and widespread.

Technology, media, and telecommunications trends

  • Horizontal software: Application development & DevOps
    Growth trends within application development are primarily driven by a shift to cutting-edge technologies, such as AI deployment and cloud-native environments.1
  • Horizontal software: IT security, monitoring & support
    The incorporation of biometric features such as fingerprint and facial recognition into everyday devices like smartphones and tablets is significantly driving demand for biometric security solutions. This trend is positioning the global biometric system market for robust growth, with an estimated valuation of $47.2 billion in 2024 and a projection to reach $84.5 billion by 2029, reflecting a CAGR of 12.3%.2
  • Vertical software: Engineering & construction technology
    The global construction software market is projected to experience significant growth over the next decade, growing at a CAGR of 9.9%, expanding the market from $9.9 billion in 2024 to $21.0 billion by 2032.3
  • Vertical software – Supply chain technology
    Trends in supply chain technology are increasingly shaped by customers' renewed emphasis on automation, data-driven insights, and retailer visibility.4
  • Global IT services
    As enterprise customers look to optimize spending, US-domiciled customers have shown strong interest in moving IT Services spending to an offshore delivery model, optimizing delivery efficiencies through lower staffing costs and faster delivery timelines.5
  • Media and entertainment – Live events, sports & ticketing
    Private equity (PE) is increasingly targeting professional sports due to their high-growth potential, steady revenue streams, and brand loyalty.6

 

Technology, media, and telecommunications quarterly update: Q3 2024

This newsletter is a periodic compilation of certain capital markets information. Information contained in this newsletter should not be construed as a recommendation to sell or a recommendation to buy any security. Any reference to or omission of any reference to any company in this newsletter shall not be construed as a recommendation to sell, buy, or take any other action with respect to any security of any such company. We are not soliciting any action with respect to any security or company based on this newsletter. This newsletter is published solely for the general information of clients and friends of Deloitte Corporate Finance LLC. It does not take into account the particular investment objectives, financial situation, or needs of individual recipients. Certain transactions, including those involving early-stage companies, give rise to substantial risk and are not suitable for all investors. This newsletter is based on information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Prediction of future events is inherently subject to both known risks, uncertainties, and other factors that may cause actual results to vary materially. We are under no obligation to update the information contained in this newsletter. We and our affiliates and related entities, partners, principals, directors, and employees, including persons involved in the preparation or issuance of this newsletter, may from time to time have “long” and “short” positions in, and buy or sell, the securities, or derivatives (including options) thereof, of companies mentioned herein. The companies mentioned in this newsletter may be: (i) investment banking clients of Deloitte Corporate Finance LLC; or (ii) clients of Deloitte Financial Advisory Services LLP and its related entities. The decision to include any company for mention or discussion in this newsletter is wholly unrelated to any audit or other services that Deloitte Corporate Finance LLC may provide or to any audit services or any services that any of its affiliates or related entities may provide to such company. No part of this newsletter may be copied or duplicated in any form by any means, or redistributed without the prior written consent of Deloitte Corporate Finance LLC.

References

1. McKinsey, “Technology Trends Outlook 2024,” accessed October 14, 2024.
2. Research and Markets, “Biometric Systems Global Markets, 2029: Growth Opportunities, Key Trends, Case Study Analysis, Pricing, Technologies, Patents, Regulatory Landscape, Major Players and More,” accessed June 30, 2024.
3. Fortune Business Insights, “Construction Software Market Size … Forecast, 2024-2032,” accessed June 30, 2024.
4. Microsoft, “7 Trends in Supply Chain Innovation,” accessed October 15, 2024.
5. Statista, “IT Services – India,” accessed October 16, 2024.
6. CNBC, “NFL owners vote in favor of private equity investment; select firms commit $12 billion,” accessed June 30, 2024.

Previous edition:

 

Fullwidth SCC. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.

Industry M&A updates