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Summer 2022 | M&A Report In The Business Services Industry Sector

By Brad Purifoy

September 15, 2022

The report below gives a good overview of the Summer 2022 M&A activity in the Business Services Industry Sector. The business service industry consists of companies that provide services such as rental and leasing, advertising, employment services, data processing and waste management. The global business services industry is being adversely impacted by soaring inflation and higher energy costs, which has resulted in lower profitability of companies present in this industry. Additionally, economic activities are also expected to be sluggish due to higher borrowing cost and tight labor market. However, technology and digitalization have significantly impacted the business services sector in recent years, as multiple services are currently provided through web platforms and systems or mobile apps. For example, the increasing technological advancements coupled with increasing digital spending by enterprises are expected to drive the online advertisement market in the future. The digital advertising spending worldwide, is anticipated to increase from $602.3 billion in 2022 to $876.1 billion in 2026, growing at a CAGR of 9.8%, as per report published by eMarketer. Furthermore, the outlook for business services industry is expected remain positive in the future due to persistent demand for outsourcing non-core competences, digital transformation, and data analytics, as per a report published by S&P Global.

Posted by Brad Purifoy.

Read the Entire Summer 2022 Business Services Report Here