Although announced deal volumes decreased slightly, deal values were significantly higher, totaling $49.6 billion. This sum represents an increase of 201% over the prior year and 514% over the prior quarter, and is the highest level seen since Q3 2015.
Since 2015, there has been an average of four megadeals (exceeding $1.0 billion) per quarter. Q2 2017 broke that trend, witnessing 10, with total deal value of $43.3 billion. The Other Services sub-sector alone witnessed six megadeals, totaling $34.0 billion in deal value.