---
title: "M&A expertise in our IT market update: H1/2024"
description: "IT services sector update: recent market development and deal activity"
image: https://hub.kpmg.de/hubfs/869477_Zuschnitte_SDC_v1_1200x627-SoMe%20Text.png
---

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# M&A expertise in our IT market update: H1/2024

## IT services sector update: recent market development and deal activity

![869477_Zuschnitte_SDC_v1_450x660-Hubspot-Cover](https://hub.kpmg.de/hubfs/LandingPages-Coverbilder/869477_Zuschnitte_SDC_v1_450x660-Hubspot-Cover.png "869477_Zuschnitte_SDC_v1_450x660-Hubspot-Cover")

The German IT services sector is expected to grow significantly in 2024 ‒ some key trends include: cloud transformation, strong growth in the device-as-a-service market, and artificial intelligence (AI).

We analyse market developments and deal activity in the following chapters:

- **Market overview:** the IT services industry grew by 9.8% globally and 11.4% in Germany, driven by megatrends such as cloud transformation, strong growth in the device-as-a-service market, and artificial intelligence (AI)
- **Deal activity and valuation: **deal activity in Germany was slightly lower than a year ago, but showed strong growth compared to the previous two quarters due to increased private equity activity
- **Service spotlight:** we introduce our IT services value creation advisory
- ** Market spotlight: **device-as-a-service is one of the most interesting and fastest growing subsectors

 We would like to thank you for your interest in our IT services sector update.