
Businesses’ pursuit of digital transformation has been driving deal making activity in Asia Pacific and several experts predict it will continue to do so for the remainder of 2023. First-quarter activity showed that the technology, media and telecom (TMT) sector contributed two of the largest deals in the region and was the busiest sector in terms of deal volume, with 622 transactions.
“Tech acquisitions have been a consistent force driving mergers and acquisitions (M&A). Last year, we saw a lot of deals revolving around artificial intelligence and the future of work,” Sapana Maheria, director for Thematic Research at GlobalData Plc, told Singapore Business Review.
“Automation and cybersecurity were very strong themes in the last few years. Cloud is also a very strong theme,” Maheria added.
These days, generative AI applications such as ChatGPT are making waves in the market. “I think innovation and tech are the two things that are going to be very strong drivers for M&As in 2023. What we expect is that as cost-cutting is going to be one of the main focus areas for businesses, we will see a lot of focus on automation, with innovations, (and) more collaborative tools really picking up, hence, driving the M&A deal trends as well,” she said.
Esta historia es de la edición Issue 104 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Issue 104 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar

All you need is one 'hero' TikTok product
Brands can boost their gross merchandise value with just one best-selling SKU.

Retailers urged to adopt 2D barcodes
The machine-readable symbol gives consumers detailed product info at the point of sale

SingPost brings service closer to commuters
It plans to expand its service touch points.

Xiaohongshu, Taobao could help Singapore brands reach more Chinese clients
Retailers less familiar with the China market could start with Tmall and JD Worldwide.

Decathlon plans to be within 15 minutes of homes
The world's largest sporting goods retailer lets clients pick up online orders on the go.

Chinese fine dining finds its next course in Singapore
The city-state's high spending power and big Chinese commune make it an ideal entry point in the Southeast Asian market.

Hawker centres struggle to dish up meals even with foreign workers
A Singapore plan to allow certain foreigners to work as food assistants in the hawker trade may not translate into a large increase in applicants, given the back-breaking requirements of the job, according to policy experts.

10 best ways to invest in 2025
Analysts are not too worried about the impact of US tariffs.

OCBC triples quantum tech workforce to enhance cybersecurity measures
The Singapore bank expects significant tech advancements in the next five to 10 years.

K-pop craze may spur demand for Income Insurance's hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.