We are pleased to present the ARTHOS Software Sector Report. This report provides comments and analysis on current market trends, valuation developments as well as M&A transactions within the software sector.
Following a challenging 2023, the software sector regained momentum in 2024. This positive trend continued in the first three quarters of 2025, during which software stocks remained resilient despite renewed volatility from trade tensions and shifting interest rate expectations. In this report, we focus on the Cybersecurity sub-sector, which has outperformed almost every other software vertical, driven by rising regulatory requirements, heightened security concerns, and accelerated AI adoption.
Exclusive Software Report Q3 2025
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About ARTHOS
ARTHOS is an independent M&A advisory firm and specialist for digital media, IT and high-tech industries based in Munich. Since 2003, ARTHOS serves customers on the buy- and sell-side regarding the acquisition or disposal of companies and business units worldwide. The partners of ARTHOS so far have successfully closed over 200 M&A transactions. ARTHOS is member of AICA – the global Alliance of International Corporate Advisers.
