In a recent revelation done by the Ernst & Young, it has come to light that the average value of mergers and takeovers in global technology during 2011's second quarter has got a significant jump of 92% to US$52.1 billion from the previous quarter's US$27.1 billion.

It has been confirmed by the financial accounting and analysis firm that innovations in cloud computing, smart mobility, Internet and mobile video, smart electricity grids and solar energy has pushed the value of industry to such a respectable level.

"The high aggregate and average values of transactions, overcoming the quarter's increasing macroeconomic uncertainty, unrest in the Middle East and the after-effects of Japan's earthquake and tsunami, are testament to the power of the disruptive innovations and high level of confidence in the future held by many technology executives”, said Joe Steger, global technology transaction advisory services leader at Ernst & Young.

Though the number of deals saw a decline during the second quarter, from 794 in the first three months of 2011 to 777, average deal size was reported to have seen a jump of 92 % to $194 billion. The Ernst & Young's Global Technology M&A report has defied all the claims that industry regulations have plagued the growth in technology sector.