The report below gives a good overview of the Fall 2022 M&A activity in the Technology, Media and Telecom Industry Sector. The Technology, Media, and Telecommunications (TMT) industry continued to foster innovative and sustainable development in the midst of rapid market developments. However, recessionary concerns, high inflation, and rising interest rates are headwinds to the TMT sector's growth. The Nasdaq-100 Technology (NDXT), which tracks technology companies in the US, took a double-digit fall in the first half of 2022 owing to the potential threat of recession. The companies in the TMT sector reported lower growth and higher expenses due to high inflation and rising interest rates. Nevertheless, the demand for cloud computing, OTT streaming, and the prevalence of the remote work environment is expected to provide long-term growth prospects to the industry. The Information Technology market is anticipated to reach $9,358.5 billion in 2022. It is expected to reach $13,092.5 billion by 2026, growing at a CAGR of 8.8%, during the period of 2022-26, as per report published by The Business Research Company. Increased efforts on digitization of operations by the companies is expected to fuel the growth of IT industry. The global Media market is anticipated to reach $2,219.2 billion by 2022. It is expected to reach $3,343.0 billion by 2026, growing at a CAGR of 10.8%, during the period of 2022-26, as per report published by The Business Research Company. Increased mobile and streaming devices, as well as virtual reality (VR), employed by TV and media companies, are positively influencing the growth of the Media industry. The global Telecommunications market is expected to reach $1,804.5 billion by 2022. It is forecasted to reach $3,303.3 billion by 2032, growing at a CAGR of 6.2%, during the period of 2022-32, as per report published by Future Market Insights. The demand for high-speed connectivity for data transfer activities is fueling the growth of the industry. Additionally, the introduction of fifth-generation mobile networks (5G) is expected to shape the telecommunications sector's outlook in the future.
Posted by Dan Vermeire.
Read the Entire Fall 2022 Technology, Media and Telecom Report Here