Merger and acquisition trends seem to be reflecting strong growth in the online and mobile industries, according to a new report. Published by independent mid-market investment bank Berkery Noyes, the report compares M&A data from 2015 against 2014 and 2013. One finding of this report is that there has been 12 percent year-on-year growth in M&A transaction volumes, which increased from $131.16 billion in 2013 to $156.49 billion last year.