This quarterly global snapshot of activity in the technology sector highlights trends, business challenges and opportunities. In this edition we review the third calendar quarter of 2016.
The technology sector, as measured by the group of companies in this study, posted solid year-over-year growth of 4.1% and significantly higher quarter-over-quarter growth of 18.8% in the fourth quarter. Overall, growth was led by the Internet, Semiconductors and Software Services sectors. Following a strong 2015, Q4 2016 global tech M&A deal value was down 38% year over year. Global tech IPOs also pulled back from a robust Q3 2016 declining 50% in volume and 68% in value. Momentum in the global economy firmed up in the fourth quarter with global GDP growing 2.7% year over year, marking the fastest growth in a year.
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