Global merger and acquisition deals are dominated by Internet of Things - EY

The latest trend reports on mergers and acquisitions showed that 1,069 deals involving IoT platforms went through in the third quarter of 2015. The review was conducted by Ernst & Young (EY).

We are going to see at least 50 billion - according to tech experts- of devices connected to each other by 2020 and these devices will need IoT platforms to manage it.

The biggest deals in terms of money exchanged were driven by the IoT, big data analytics and payment and financial services technologies.