The technology industry continues to innovate and excite moving as it moves at a fast pace. Technology devices and infrastructure are becoming smarter and more connected, supported by emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT). Digital transformation within businesses and the wider economy is being supported by advancements in IT service provision, notably the adoption of cloud and edge computing technologies.
FCL Industry Coverage
- Advanced Manufacturing
- Artificial Intelligence
- Internet of Things
2021 started very strong for the Technology sector with 15,692 deals closed in the first half of the year versus 12,068 for the same period in 2020, or a 30% increase. The activity was dominated by Venture Capital investors that represented 66.8% of the transactions. IPOs during the first half of 2021 also reached a record of 322 transactions, which was almost 4x higher than the same period in 2020.