This edition highlights the notable trends and M&A activity that have influenced the sector during Q2 2024.

• Several transactions in the gig economy space, including talent marketplaces for freelancers, highlight the evident shift to flexible workforce models and adaptable employment practices.

• Deal volumes have continued to grow, with a total of 108 transactions reported in Q2, reflecting a 17% increase from Q1 2024.

• Talent Attraction emerged as the most active sub-sector, capturing 34% of all identified deals, while Talent Development closely followed with 33%. Workforce Management maintained its position, representing 18% of the total deal volume.

• Cross-border transactions made up 32% of all deals, down from the previous quarter, with domestic deals dominating at 68%. The European market led buyer activity with 52 buyers, surpassing North America's 43 buyers. Meanwhile, the Asia- Pacific region maintained its strong presence, contributing with 11 buyers and 13 targets.

• Our HRTech index experienced a decline in Q2 2024, diverging from the NASDAQ's upward trend, highlighting a departure from the broader tech market's recovery.