Industrial Automation Deal Volume Is Up Significantly
Global deal volume in all industries is down 9% in Q1 of 2023 vs Q1 of 2022. In North America, deal volume in all industries is down 19%, and down 16% within Industrials, in the Q1 YoY comparison. Industrial automation deal volume, however, is up significantly, with an 85% increase in Q1 of 2023 vs Q1 of 2022.
One key reason for this growth is the high demand and adoption of advanced technologies such as IIoT (Industrial Internet of Things) which contribute to the creation of ample growth opportunities.
Highlights from the report:
- Industrial Automation acquisitions for Q1 2023 were higher than numbers from the same quarter over the past 5 years.
- Q1 2023 sees the highest number of acquisitions from the past 5 quarters.
- The increase in investment activity in the Industrial Automation market is expected to continue through 2023.
- The industry continues to attract new investments, fostering innovation, and creating potential for further growth.
To download the Industrial Automation Q1 2023 Market Update report, please fill out the form.