Market Update: Data Science & Analytics – Q2 2021
The deal markets in the Data Science and Analytics space remain hot as agile data and analytics capabilities are becoming essential to build digital innovation, differentiation, and growth. We expect the underlying M&A trends in Data Science and Analytics to rise as companies look to improve data quality, master data management, reduce costs and improve the overall customer experience by capturing big data and shifting towards the cloud.
7 Mile recorded 15 notable transactions in the Data Science and Analytics markets across the globe in Q2 of 2021. Deal volumes and valuations remain high as both strategic and financial buyers have been aggressive over the past six months acquiring data analytics, cloud analytics, data warehousing, and frontend development companies. Specifically, the Cloud Analytics market is growing at a 23.0% CAGR and will continue to remain a high demand as companies look to make the shift towards the cloud.
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, Ilia Ulianchuk, Nic Anderle, or Trent McCauley if you would like to learn more about Data Science and Analytics.