Dealmakers who responded to a recent Morrison & Foerster survey predicted that the market for M&A transactions in the technology sector will be even more robust in 2017 than it was in 2015 and 2016—years in which acquirers announced deals collectively valued at more than $1 trillion.

Now a report by MoFo’s M&A team leaders and 451 Research shows that Internet of Things-related transactions contributed significantly to the tech M&A market’s impressive numbers over the last few years. For one thing, IoT-related deals announced since 2013 have been valued at $147.3 billion.

For discussions of other IoT-related issues, check out Morrison & Foerster’s IoT Resource Center.

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