How big is the IT Services Market?

The IT Services Market size is expected to reach USD 1.20 trillion in 2024 and grow at a CAGR of 8.38% to reach USD 1.81 trillion by 2029. Read More

What is the current IT Services Market size?

In 2024, the IT Services Market size is expected to reach USD 1.20 trillion. Read More

Who are the key players in IT Services Market?

IBM Corporation, Hewlett Packard Enterprise Company, Fujitsu Ltd., Toshiba Corporation and Microsoft Corporation are the major companies operating in the IT Services Market. Read More

Which is the fastest growing region in IT Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IT Services Market?

In 2024, the North America accounts for the largest market share in IT Services Market. Read More

What years does this IT Services Market cover, and what was the market size in 2023?

In 2023, the IT Services Market size was estimated at USD 1.10 trillion. The report covers the IT Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IT Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the IT Services Market?

Emerging trends in the IT Services Market are a) Integration of IoT b) Increased focus on cybersecurity services c) Adoption of hybrid cloud solutions Read More

IT Services Market Report | Industry Analysis, Size & Forecast Overview

It Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The IT Services Market Report is Segmented by Service Type (professional (system Integration and Consulting) and Managed Services), Size (small and Medium Enterprises and Large Enterprises), End-User Industry (BFSI, Telecommunication, Healthcare, Retail, Manufacturing, Government, and Other End-User Industries), and by Geography (North America (United States and Canada), Europe (Germany, United Kingdom, and France), Asia-Pacific (China, Japan, India, Singapore, Indonesia, Malaysia, Vietnam, and Thailand), Australia and New Zealand, Latin America, and Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

IT Services Industry Overview

The IT services market, characterized by intense competition, is primarily led by a wide range of market players. While these players currently hold significant market shares, the landscape is shifting. The rise of advanced IT consultancy services is empowering new entrants, enabling them to bolster their positions, particularly in emerging economies.

May 2024: CrowdStrike and Tata Consultancy Services (TCS) signed a strategic partnership to power TCS’ extended managed detection and response (XMDR) services with the AI-native CrowdStrike Falcon XDR platform. This partnership enables TCS to leverage the comprehensive security features of the Falcon platform. This includes cloud security and next-gen SIEM, facilitating an AI-driven transformation of their SOC to enhance breach prevention.
July 2023: Windstream Enterprise, an IT-managed service provider, launched a new portfolio of IT Managed Services powered by ATSG, providing enterprise customers access to an entire range of turnkey services to control and power their virtual workspace, digital infrastructure, and cybersecurity needs.