Even in a hyperconnected world, physical location still matters to entrepreneurs, investors and talent. Factors affecting a start-up’s decision on where to establish their headquarters include quality of life, cost of living, proximity to academic institutions, government support, the economy and existing “ecosystems” that help new businesses.
In 2017, global dealmaking in the TMT sector saw 3,389 deals worth a combined $498.2 billion. Although total deal value fell 26.3 percent compared to the $ 676.3 billion tallied in 2016, a new Mergermarket record by deal count was set, increasing by 233 transactions over 2016 (3,156 deals) to reach an all-time high.
In the modern world, through increased connectivity, instant communication, and established infrastructure systems, new ideas and products can spread at speeds never seen before – and this enables a new product to quickly get in people’s hands.
Savvy chief executive officers, and their board of directors, understand the potential for business model disruption by non-traditional startup companies. Moreover, they’re aware blockchain technology offers a new paradigm for commercial transactions that can impact established markets, incumbent businesses and partner ecosystems.
The industries that are forecast to spend the most on public cloud services in 2018 are discrete manufacturing ($19.7 billion), professional services ($18.1 billion), and banking ($16.7 billion). The process manufacturing and retail industries are also expected to spend more than $10 billion each on public cloud services in 2018.