Factors Driving the M&A Activity in App Space
(In Millions of USD)
140
20 25 30 35 40 45
119
39
39
120
110
37
33
33
100
28
80
70
61
60
10 15
35
40
27
20
0 5
-
Q1 2023
Q1 2024
Q2 2023
Q2 2024
Q3 2023
Q4 2023
Avg deal value in $(M)
No. of Deals
• An average of 88.8% of the total deal volume was in the lower market segment, where the deal value was less than $100 million, each quarter since 2023. • Q1 of 2023 and 2024 saw the highest number of deals across all the quarters.
• The average deal value Q2 2023 was higher on account of two substantial deals – acquisitions of an event management software for $1.2 billion and a survey platform for $1.6 billion. • The average deal value in Q3 2023 was high on account of two deals: acquisition of an IT management software for $1.1 billion and acquisition of a social media intelligence company or $0.7 billion. Source: Pitchbook as of June 2024.
25
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