Market Update: Data Science & Analytics Q1 2022
The Data Science and Analytics sector continues to be a demanding industry in 2022 as there is a big push by private equity firms and global strategics to invest into data and analytics practices in order to keep pace with client and market demand. The increasing demand for assets with advanced data capabilities has resulted in a 40% increase in the number of M&A transactions for digital assets during the past 6 months. 7 Mile expects the underlying M&A trends in Data Science and Analytics to continue to rise in 2022.
Deal volumes and valuations remain at all-time highs as strategic and financial buyers have been aggressively investing in emerging data and cloud analytics spaces. In particular, the global big data and business analytics market has been a demanding industry by investors and is currently valued at 198.1b globally. Moreover, the market is expected to reach 684.1b by 2030, growing at a 13.5% CAGR during the period. The surge in adoption of big data analytics by various organizations to deliver enhanced decision-making in a timely manner contributes greatly towards the growth across the market.
7MA has completed numerous M&A transactions for companies across the world in the data science and analytics 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 or Ilia Ulianchuk if you would like to learn more about Data Science and Analytics.