There are a number of reasons for this tech merger wave. Falling interest rates forecast for 2025 may provide cheaper borrowing, and companies will be motivated to fund enormous deals. A probable more relaxed regulatory environment with fresh U.S. leadership might also pave the way for blockbusters.

Meanwhile, private equity firms sitting on piles of cash are eager to invest in tech’s next big thing. Add in the pressure to stay competitive in AI, cloud, and security, and you’ve got a perfect storm for M&A activity. Companies that hesitate risk falling behind, while bold movers could redefine the industry.