Digital Services Market Size | Growth, Share & Forecast 2025

Q: What is the overall size of the global digital services market?

The digital services market is projected to reach USD 1.83 trillion by 2031.

Q: What is the digital services market CAGR during the forecast period?

The market CAGR for the digital services market is 14.5% for the forecast period.

Q: What challenges are faced by the digital services industry?

Challenges include legacy IT infrastructure, skill shortages, data privacy concerns, and complex regulatory landscapes, especially in cross-border service delivery.

Q: How do digital services support business innovation?

They enable real-time analytics, automated workflows, remote collaboration, and scalable IT infrastructure, allowing businesses to respond quickly to market demands.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4615

Publication Date: Jun 2025

What is the Digital Services Market Size?

According to 6Wresearch internal database and industry insights, the digital services market was valued at approximately USD 707.4 billion in 2024 and is projected to reach USD 1.83 trillion by 2031, registering a CAGR of 14.5% during the forecast period.

The rise in demand is driven by widespread digital transformation across industries, accelerated cloud adoption, and increasing reliance on data-driven technologies like AI, IoT, and blockchain for business optimization.

Key Growth Factors of the Digital Services Market

Digital-first strategies adopted by enterprises to enhance customer engagement
Increasing integration of AI, analytics, and cloud platforms in business operations
Growing use of managed services, cybersecurity, and digital consulting across sectors
Rapid expansion of internet connectivity and mobile penetration globally
Adoption of smart infrastructure in healthcare, education, manufacturing, and government
Rising demand for automation, agility, and real-time analytics in service delivery

Digital Services Market Trends

The digital services market is seeing strong demand for as-a-service models, including SaaS, PaaS, and IaaS. Businesses are rapidly shifting toward digital twins, blockchain-based services, and AI-powered operations for greater efficiency. Additionally, edge computing and 5G integration are redefining service capabilities by enabling faster, localized data processing.

Emerging Developments in the Digital Services Market

Service providers are now focusing on industry-specific digital solutions, especially for banking, healthcare, and retail. Cloud-native application development and low-code/no-code platforms are allowing faster deployment and customization. There is also growing momentum around green digital services aimed at sustainable IT operations, driven by ESG mandates.