Global Technology Scorecard: Q4 2013

This quarterly global snapshot of activity in the technology sector highlights trends, business challenges and opportunities. In this edition we review the fourth calendar quarter of 2013.

Improving economic conditions and rising investor confidence positively impacted the technology market in the fourth quarter, as it posted strong to moderate revenue growth. Three of the subsectors, Consumer Electronics, Software and Internet, reported revenue growth of 25% or more quarter over quarter, while flat to negative revenue growth occurred in the Software Services, Semiconductor and Communications subsectors.

Cloud computing adoption is having a profound effect on server, storage and network products. Revenue in the worldwide server market decreased -4.4% year over year to US$14.2bn in the fourth quarter. This was the fourth consecutive quarter of year-over-year revenue decline and was reflected in the Systems & PC Hardware subsector posting only 7% growth.

Momentum in the capital markets led to the best technology IPO performance of the year in Q4 and set the stage for a strong 2014. With Chinese authorities lifting the freeze on IPOs we expect a return to significant growth in Chinese IPOs as well. The pipeline is also strong. US venture capital funding in the technology sector increased by 47% in dollars and 4% in deal volume from Q4’12, reaching US$5.3bn in 687 deals during the fourth quarter.

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