Market Update: Data Science & Analytics Q1 2023
The Data Science and Analytics sector is expected to be a demanding industry throughout 2023 as there is a large push by private equity firms and global strategies to invest heavily in data and analytics practices to keep pace with growing market demand. The increasing demand for assets with advanced data and analytics capabilities has resulted in numerous M&A transactions during Q1 2023, such as Velir acquiring Brooklyn Data Company. 7 Mile expects the underlying M&A trends in the Data Science and Analytics sector heading into 2023.
Deal volumes and valuations remain strong and high 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 $254.0b globally. Moreover, the market is expected to reach $684.1b by 2030, growing at 13.5% CAGR during the period.
7MA has completed several 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 Tim Frye or Ilia Ulianchuk if you would like to learn more about Data Science and Analytics.