IOT and Hardware Connectivity Update

2023 Q1

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Recent Sector M&A Trends

The IoT and Hardware Connectivity market continues to see high valuations in public markets as well as M&A. 

Strategic acquirers continue to focus on IIoT trends that are driven by connectivity improvement, efficiency, scalability, time savings, and cost savings for manufacturers 

Private equity acquirers are focusing on Industrial IoT as an opportunity to create market leaders in the space and realizing significant returns as the demand for the IoT and Hardware Connectivity in nascent markets continues to grow

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