News and Research

Data Analytics Mergers and Acquisitions Market Update 1H 2024

data analytics mergers and acquisitions (M&A) report

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.

Quick Answer

Solganick & Co.'s 1H 2024 report indicates a slight rebound in the data analytics M&A market, with a shift towards smaller transactions and anticipated increased activity through 2025, particularly around generative AI technologies. In Q1 2024, Solganick recorded 150 M&A transactions within the data analytics sector, highlighting a robust deal environment. The big data and business analytics market expanded to $220.2 billion in 2023, with a projected compound annual growth rate (CAGR) of 12.7% to 13.5% until 2030, reaching an anticipated $473.6 billion. Solganick & Co. is observing significant M&A interest in firms providing data analytics consulting services for platforms like Snowflake and Databricks.

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 Snowflake, Databricks and other technology partners.

Data Analytics Mergers 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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Frequently Asked Questions

1 What are the key trends in the data analytics M&A market for 1H 2024?

The M&A market is experiencing a slight rebound in 2024, with a shift towards smaller transactions rather than large megadeals. The data analytics sector anticipates increased M&A activity through 2024 and into 2025, especially around emerging technologies like generative AI.

2 Is there particular M&A interest in specific types of data analytics consulting firms?

Yes, Solganick is observing particular interest in firms providing data analytics consulting services in and around platforms like Snowflake, Databricks, and other technology partners. This aligns with the broader trend of increased M&A activity in the sector.

3 What is the projected market size and growth rate for the big data and business analytics market?

The big data and business analytics market expanded to $220.2 billion in 2023. It is forecast to grow with a CAGR of 12.7% to 13.5% until 2030, reaching an anticipated market growth of $473.6 billion by 2030.

4 Has Solganick & Co. advised on data analytics M&A transactions?

Yes, Solganick & Co. has advised on the sale of 6 data analytics software and services firms. The firm specializes in M&A advisory services exclusively for the software and IT services sector.