Market Update: Data Science & Analytics Q3 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 in 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 massive increase in the number of M&A transactions for digital assets during Q3 and 2022 as a whole. 7 Mile expects the underlying M&A trends in Data Science and Analytics to continue to rise through the end of 2022.
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%the CAGR during the period.
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.