News and Research

Data Analytics Mergers and Acquisitions Market Update 1H 2024

June 2, 2024 – Solganick & Co. has published its latest mergers and acquisitions (M&A) and market update and report on the data analytics sector. It covers the latest M&A transactions, provides a data analytics market map, updates on industry size and growth data, and publicly traded companies and valuations in the sector.

Here are a few highlights of the report:

The M&A market is seeing a slight rebound in 2024, with a shift towards smaller transactions rather than large megadeals. The data analytics sector in particular anticipates an increase in M&A activity through the remainder of 2024 and into 2025, especially around emerging technologies like generative AI. In our current and recent engagements, we are seeing particular interest in firms providing data analytics consulting services in and around , Databricks and other technology partners.

and Acquisitions (M&A)

Solganick (Source: Capital IQ) recorded 150 M&A transactions were announced in Q1 2024 within the data analytics sector.

Notable M&A transactions in H1 2024 include: Accenture's acquisition of Impendi, Marlabs acquisition of OneBridge, CIVC Partners acquisition of datAvail, Snowflake's acquisition of TruEra, Databricks acquisition of Lilac, and Qlik's acquisition of Kyndi.

Solganick & Co. has advised on the sale of 6 data analytics software and services firms.

Data Analytics Market Size and Growth Rates

  • The big data market forecast reported a significant growth in recent years. In 2023, the value of the big data and business analytics market expanded to $220.2 billion—with a CAGR of 12.7% to 13.5% until 2030.
  • The global big data market forecast anticipates market growth of $473.6 billion by 2030. 

Source: Edge Delta

You can access the full report here: Solganick Data Analytics Update 1H 2024 final

 

About Solganick & Co.

Solganick is a data-driven investment bank that specilzes in mergers and acquistions (M&A) advisory services exclusively for the software and IT services sector. Solganick has advised multiple data analytics software and IT services firms on buy and sellside M&A transactions. For more information, please contact us.

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