Business-services-related M&A tracker 2H 2024: trends and analysis

Analysys Mason's Business-services-related M&A tracker has identified almost 450 acquisitions that have been made by operators between 2017 and the end of 2024 to enhance their capabilities and market reach for delivering business services. This report assesses the key trends in these business-services-related acquisitions by region and type of operator.

Topics included in this report

• The rate of business-services-related acquisitions from operators has declined since the end of 2021.
• Cloud- and security-related acquisitions remained the most common acqustion types among operators in 2024.
• The rate of acquisitions made by challenger operators has fallen below that of incumbent operators since 2023.
• The acquisitions strategies of incumbent and challenger operators have converged since 2023, but there are still some differences.   
• Operators in the Middle East and North Africa (MENA) as well as North America (NA), were the most active in the M&A market in 2023 and 2024.