Disclosed M&A deal values reached $20.1 billion in 2024, reflecting steady demand for digital solutions, increased corporate investment in technology and supportive regulatory environments. Notably, only 8% of M&A transactions in 2024 disclosed financial terms as buyers preferred to keep their M&A strategies private. 

In 2024, dealmaking activity in the IT Serivces sector reached an impressive 1,128 deals, almost matching the 10-year high reached in 2023, with Private Equity firms accounting for the buyer in 29% of these transactions. The IT Services sector remains highly dynamic, driven by sustained interest from strategic and financial acquirers.  

In 2024, Venture Capital funding reached $9.8 billion, well below the peak of $12.3 billion seen in 2021. Companies have instead been encouraged to pursue M&A opportunities for growth and liquidity.