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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.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
7.6%
Value in USD Trillion
2026-2035
*this image is indicative*
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 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
Breakup by Deployment Mode
Breakup by Organisation Size
Breakup by Application
Breakup by Industry Vertical
Breakup by Region
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. 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. 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 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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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.
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.
| 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:
|
| Breakup by Service Type |
|
| Breakup by Deployment Mode |
|
| Breakup by Organisation Size |
|
| Breakup by Application |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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