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Report Overview

The global IT services market size was approximately USD 1.25 Trillion in 2025. The market is assessed to grow at a CAGR of 7.60% between 2026 and 2035, reaching a value of USD 2.60 Trillion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Compound Annual Growth Rate

7.6%

Value in USD Trillion

2026-2035


*this image is indicative*

Key Trends in the Market

Information technology (IT) services is the use of business and technical competence to support companies in creating, managing, and improving business processes and access to information. A highly skilled and trained workforce is employed by an organisation to help it in managing large quantities of data effectively, making data driven decisions, creating outcome-oriented marketing strategies, and utilising latest technologies. It also helps consumers in reaching businesses through various channels, which boosts product demand and overall growth.

  • The expansion of e-commerce has fuelled the global IT services market growth. Technologies like artificial intelligence (AI) are utilised by marketing experts in generating questionnaires and analysing data. It also helps them in driving sales by providing tailored product recommendations to consumers based on their search history and location data.
  • The threat of malicious spying and hacking is prompting companies to integrate advanced IT services into their cybersecurity strategies. This includes protecting their networks from unauthorised users, monitoring internet traffic for malware, securing devices from external attacks, and protecting information stored on cloud. This is contributing to the global IT services market demand.
  • The digitalisation of various platforms for e-governance is one of the key IT services market trends. This enables governments of both developed and developing nations to provide citizen centric services to people and boost mutual trust between them.

Market Segmentation

The EMR’s report titled “IT Services Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:

Breakup by Service Type

  • Professional Services
  • Managed Services

Breakup by Deployment Mode

  • On-Premises
  • Cloud

Breakup by Organisation Size

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Application

  • Systems and Network Management
  • Data Management
  • Application Management
  • Security and Compliance Management
  • Others

Breakup by Industry Vertical

  • BFSI
  • Consumer Goods and Retail
  • Healthcare
  • Government
  • IT and Telecom
  • Others

Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IT services market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

IBM Corp.

IBM Corp. is among the world’s leading companies operating in the information technology sector. It was incorporated in 1911 and is headquartered in the state of New York in the United States. It mainly provides hybrid cloud systems, artificial intelligence support, and business services. Its four business segments include Software, Infrastructure, Consulting, and Financing that provide client specific solutions.

HP Inc.

HP Inc. stands for Hewlett Packard, a company which was founded in 1939 and is headquartered in Texas, United States. It is one of the leading organisations in the world which manufactures personal systems and printing products. It operates through six different business units which include Compute, HPC & AI, Financial Services, Intelligent Edge, Corporate Investments, Storage, and Other.

Accenture Plc.

Accenture Plc was incorporated in 2009 and is headquartered in Dublin, Ireland. It is a globally renowned information technology company providing professional services. It has a track record of having served more than 9000 clients across 120 countries and ranks among Fortune’s list of world’s most admired companies. It is engaged in providing application and cloud services, business process outsourcing and consulting services, among others.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other global IT services market players include Microsoft Corp., Cisco Systems Inc., HP Inc., Dell Technologies Inc., Fujitsu Ltd., Intel Corp., Toshiba Corp., Verizon Communications Inc., and Tata Consultancy Services Ltd., among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2025, the market reached an approximate value of USD 1.25 Trillion.

The market is estimated to grow at a CAGR of 7.60% between 2026 and 2035.

The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of around USD 2.60 Trillion by 2035.

The market is being driven by the growing leaps and bounds in edge computing and streamlining of business operations to enhance customer satisfaction.

The key trends aiding the market expansion include the thriving e-commerce industry, rise of e-governance, and increase in concerns surrounding cyberspace.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications of IT services include systems and network management, data management, application management, and security and compliance management, among others.

The major players in the market are IBM Corp., Microsoft Corp., Cisco Systems Inc., HP Inc., Dell Technologies Inc., Fujitsu Ltd., Intel Corp., Toshiba Corp., Verizon Communications Inc., Accenture Plc, and Tata Consultancy Services Ltd., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service Type
  • Deployment Mode
  • Organisation Size
  • Application
  • Industry Vertical
  • Region
Breakup by Service Type
  • Professional Services
  • Managed Services
Breakup by Deployment Mode
  • On-Premises
  • Cloud
Breakup by Organisation Size
  • Small and Medium Enterprises
  • Large Enterprises
Breakup by Application
  • Systems and Network Management
  • Data Management
  • Application Management
  • Security and Compliance Management
  • Others
Breakup by Industry Vertical
  • BFSI
  • Consumer Goods and Retail
  • Healthcare
  • Government
  • IT and Telecom
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corp.
  • Microsoft Corp.
  • Cisco Systems Inc.
  • HP Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Intel Corp.
  • Toshiba Corp.
  • Verizon Communications Inc.
  • Accenture Plc
  • Tata Consultancy Services Ltd.
  • Others

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