The report below gives a good overview of the Spring 2022 M&A activity in the Technology, Media and Telecom Industry Sector. The Technology, Media, and Telecommunications (TMT) industry helped in maintaining the productivity, efficiency, and connectivity for businesses and individuals during the pandemic. The global Information Technology market was valued at $8,384 billion in 2021, and is expected to reach $9,326 billion in 2022, growing at a CAGR of 11.2%, during the period 2021-22, as per research published by The Business Research Company. The technology industry has thrived over the last few years. It is expected that technology companies would continue to strengthen their efforts to improve transparency, adaptability, and digital innovation to fuel the next wave of growth. The global media market was valued at $1,990 billion in 2021, and is expected to reach $2,233 billion in 2022, growing at a CAGR of 12.2% during the period 2021-22, as per research published by The Business Research Company. The demand for streaming services, social media, gaming, and other forms of online entertainment grew significantly during the pandemic, which increased the valuations of media companies. The global telecommunications market size is projected to reach $1,930 billion by 2027, growing at a CAGR of 1.5% during 2021-2027, as per research published by The Expresswire. Investment in advanced telecommunication technologies and market competitiveness are some of the factors driving the growth of telecommunications industry.
Posted by Dan Vermeire.
Read the Entire Spring 2022 Technology, Media and Telecom Report Here