In the second of our conversations between Hg's Managing Partner, Matthew Brockman, and our Head of Research, David Toms, they once again dive into the state-of-the-market.

With macro trends starting to bite, will the recent successes of B2B software and tech services show themselves to be cyclical or structural? How should investors in the industry adapt their approach? Is 2023 the year of the P2P? The one thing that doesn't seem to be in question is the continued growth in the pace of business process automation. This episode of the Orbit podcast looks to the future but, of course, this should not be taken as advice and the value of investments can go down as well as up!