IT Services Market Size | Insights, Trends & Growth Analysis 2025

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Code: MTA10114

Publication Date: Oct 2025

What is the size of IT Services Market?

According to 6Wresearch internal database and industry insights, the Global IT Services Market was valued at USD 800 billion in 2024 and is expected to reach USD 1159.6 billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).

The primary drivers of growth are increasing digital transformation across industries, growing demand for cybersecurity, and greater usage of cloud-based services and AI solutions.

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Growth Factors for IT Services Industry

Increased adoption of cloud services by all businesses to save costs and have flexibility in scaling.
Increased demand for cybersecurity in response to the increased risk of hacking.
Increased demand for automation services using artificial intelligence and machine learning.
Increased demand for hosting IT services remotely and upgrading IT infrastructure.
Increased demand for data analytics and business intelligence services for businesses to improve productivity.

IT Services Market Trends

The IT Services Market is experiencing trends of moving towards cloud computing, increasing demand for cybersecurity, and ongoing demand for automation services or services that use AI and machine learning. In addition, there is increased utilisation of managed service functionality within businesses to improve IT infrastructure and reduce costs. With increased transition to data-driven decision making, there is an increasing demand for analytics-driven IT services. Likewise, as remote work continues to be a factor, there is increasing demand for better virtual collaboration tools and cloud-based facilities.

Emerging Developments in the IT Services Market

Emerging developments in the IT Services Market include increased reliance on artificial intelligence to drive automation and efficiency across sectors. Companies are focusing on offering hybrid cloud solutions that integrate seamlessly with on-premise systems. The demand for advanced data analytics and business intelligence services is also growing as companies seek to leverage big data for competitive advantage. IT services providers are also expanding their managed services to help businesses modernize their IT infrastructure more effectively.