Global Technology Scorecard: Q2 2016

This quarterly global snapshot of activity in the technology sector highlights trends, business challenges and opportunities. In this edition we review the second calendar quarter of 2016.

The technology sector posted a year-over-year and quarter-over-quarter growth of 4.2% in the second quarter of 2016. The Internet subsector remained the growth driver, with a strong 21.5% year-over-year growth and a 9% uptick quarter over quarter. Amid on-going market uncertainty, M&A activity continued, with some big deals in several subsectors being announced. The technology IPO market showed signs of renewed life, posting a 40% sequential growth in IPOs and a 92% growth in proceeds from the first quarter.

From an economic standpoint, Britain's vote to exit the European Union rattled the financial markets and world economy in Q2. The US economy grew at a slower-than expected rate while China's economy grew at its slowest quarterly pace in seven years. The Eurozone also saw slowing economic growth.

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