Topline findings
The combined Dealonomics analysis of deal data and global dealmaker sentiment reveals where cross-border M&A is thriving, and where dealmakers are navigating greater complexity. From confidence levels and integration blind spots to sector performance and regulatory friction, these topline findings capture the major trends shaping the market today.
Confidence remains high despite geopolitical disruption
of dealmakers are positive about the M&A outlook for the next 12 months. Critically this optimism appears to have survived at least the immediate impact of President Trump’s 'Liberation Day' tariffs.
Tech continues to lead the way
The technology, media & communications sector has seen the highest deal volume in the last six years — with 232 deals — and is expected to dominate M&A growth through to 2030. Energy & infrastructure follows with 80 deals and is set to be the second busiest sector by 2030, with life sciences & healthcare recording 47 deals and forecast to take third place.
But optimism doesn’t guarantee success
of dealmakers say growth potential is routinely overestimated in valuations — while integration challenges are the most underestimated risk in cross-border deals.
Other critical risks are still being missed
Talent retention and customer continuity are regularly overlooked, despite their impact on post-deal value creation.
When done right, M&A is a growth lever
of dealmakers say cross-border M&A leads to more GDP growth, while 78% believe it leads to more productive economies.