Market Update: Cloud Services Q4 2021
A new COVID-19 variant has continued to drive the momentum behind digital transformation that has been prevailing for years. As businesses head into the new year with the assumption that both new and old challenges will persist, Frank Ohlhorst, an Acceleration Economy Analyst focusing on IT Strategy and Security, has predicted eight technologies that will drive growth.
A few of the technologies Frank outlines are 5G communications, machine learning (ML), and artificial intelligence (AI). With the implementation of 5G, many users are seeing increased bandwidth and improved performance, both imperative in supporting a workforce that might not return to the office. Additionally, ML and AI are forecasted to continue having a major impact on business operations in 2022, as more vendors begin offering SaaS platforms that can be used to build ML and AI models without the need to invest in expensive hardware or engineers.
7 Mile’s focus in this market update is on the cloud services space in the context of M&A activity. After much M&A activity in the first three quarters of 2021, deal activity declined in the fourth quarter.
7MA has completed numerous M&A transactions for companies in the cloud services space and has developed unparalleled deal expertise and knowledge of the industry trends, valuation trends, and most active strategic and financial buyers. Please contact Garth Martin, Ilia Ulianchuk, Kevin Postigo, Chris McConnell, or Tyler Ratterree if you would like to learn more.