TECH SUPPLIER Jan 2022 - Market Perspective - Doc # US48466421
Big Bets in Engineering Services — M&A Deal Activities in Digital Engineering and Operational Technology Services Market
This IDC Market Perspective highlights M&A activities in the engineering and operational services markets and discusses key drivers, including pandemic catalyst, availability of cash, and some potential challenges vendors may face.
"M&A activity in the engineering service providers has been fueled by industrywide digital transformation and major trends, such as automation and connectivity (IoT)," said Alok Singh, senior market analyst for IDC's Worldwide Digital Engineering and Operational Technology Services. "Vendors acquire for different reasons but the most important is to broaden their capabilities and knowledge across a wider range of industries."
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