The United States (US) IT Services is Segmented by Type (IT Consulting and Implementation, ADM, and More), Deployment Model (Onshore Delivery, Nearshore Delivery, and More), Engagement Model (Project-Based / Fixed Price, and More), Organization Size (Large Enterprises, Smes), End-User (BFSI, Manufacturing, Government, and More), and by Geography. The Market Forecasts are Provided in Terms of Value in USD.

The Business Services Market report segments the industry into Component (Consulting, Managed Services, Support and Maintenance), Enterprises (SMEs, Large Enterprises), End-User (BFSI, IT and Telecom, Healthcare, Retail and E-commerce, Manufacturing, Other End-users), and Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, Middle East and Africa).

The North America IT services market size reached nearly USD 526.47 Billion in 2024. The market is projected to grow at a CAGR of 6.40% between 2025 and 2034 to reach a value of around USD 979.02 Billion by 2034.

The revenue in the IT services market in Argentina was forecast to continuously increase between 2024 and 2029 by in total *** million U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach *** billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries like Jamaica, Ecuador, and Bolivia.. The Statista Market Insights cover a broad range of additional markets.

The U.S. managed services market size was valued at USD 69.9 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 171.7 Billion by 2033, exhibiting a CAGR of 10.5% from 2025-2033. The market is primarily driven by the considerable rise in the number of remote workers requiring secure IT infrastructure, the growing adoption of AI for efficiency and cybersecurity, and the increasing utilization of industry-specific services tailored to meet challenges in various end-use sectors such as retail, healthcare, and logistics.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 69.9 Billion
Market Forecast in 2033	USD 171.7 Billion
Market Growth Rate (2025-2033)	10.5%

IMARC Group provides an analysis of the key trends in each segment of the U.S. managed services market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on type, deployment mode, enterprise size, and end use.

The revenue in the IT services market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total **** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the IT services market was continuously increasing over the past years.Find more information concerning Germany and Belgium. The Statista Market Insights cover a broad range of additional markets.

The global hosting infrastructure services market is expected to hold a valuation of US$ 16 billion in 2023 and rise at a high CAGR of 8.5% to top a net worth of US$ 36.1 billion by the end of 2033.

Report Attributes	Details
Hosting Infrastructure Services Market Size (2023)	US$ 16 billion
Predicted Revenue (2033)	US$ 36.1 billion
Global Market Growth Rate (2023 to 2033)	8.5% CAGR
Regional Market with Highest Share	North America - 31%

Report Scope

Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ Million for Value
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia & Pacific East Asia Middle East & Africa
Key Countries Covered	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Market Segments Covered	Deployment Type Service Enterprise Type Vertical Cloud Service Type Region
Key Companies Profiled	HPE Development LP AT&T Inc. Level 3 Communications CenturyLink Inc. Microsoft Corporation Colt Technology Services Group Limited NetApp Inc. Equinix Inc. CoreSite Realty Corporation Google Inc. IBM Corporation Internap Network Services Corporation Hewlett Packard Enterprise Development LP Rackspace Inc. Sungard Availability Services Zayo Group Holdings Inc.
Customization & Pricing	Available upon Request

B2B Information Services Market size was valued at USD 900.02 Million in 2023 and is projected to reach USD 1238.91 Million by 2030, growing at a CAGR of 6.6% during the forecast period 2024-2030.

Global B2B Information Services Market Drivers

The market drivers for the B2B Information Services Market can be influenced by various factors. These may include:

Digital Transformation: One important factor is the continuous digital transformation that is occurring across sectors. In order to simplify operations, businesses are depending more and more on digital platforms and technologies, and B2B information services are essential for supplying the data and insights that are required.

Data analytics and business intelligence: The need for B2B information services has increased due to the growing significance of data-driven decision-making. Businesses are looking for business intelligence and advanced analytics technologies to help them glean insights from massive amounts of data.

Globalisation of Businesses: As companies grow internationally, they need to have precise and thorough knowledge of foreign markets, laws, and rivals. Global coverage B2B information services are highly sought after.

Regulatory Compliance: Organisations must be up to date on compliance obligations due to the constantly shifting regulatory environment. Organisations can better manage complicated compliance challenges by using B2B information services that offer current regulatory information.

Risk Management: Effective risk management is a growing area of concern for businesses. To help businesses reduce operational risks, B2B information services that include risk assessment, market knowledge, and assistance with due diligence are crucial.

Artificial Intelligence and Machine Learning: By incorporating cutting-edge technologies like AI and machine learning into business-to-business information services, businesses can improve their capacity for data analysis, trend prediction, and automated decision-making.

Industry-specific Solutions: Customised B2B information services are becoming more and more popular. Examples of these include healthcare, banking, and manufacturing. These sector-specific solutions assist corporate strategies and offer focused insights.

Demand for Real-time Information: As corporate processes move more quickly, there is an increasing need for real-time information. The value of B2B information services that can provide pertinent and timely data is growing.

Cybersecurity Concerns: Businesses are being increasingly watchful of cybersecurity as cyber threats continue to change. Organisations need B2B information services that provide cybersecurity intelligence and threat assessments in order to safeguard their digital assets.

Economic and Market Trends: The requirement for ongoing observation of economic indicators and market trends stems from variations in the global economy and market dynamics. Businesses are assisted in making wise decisions by B2B information services that offer insights into these variables.

Testing and Analysis Services Market Outlook

The global Testing and Analysis Services Market is poised to exhibit significant growth, with the market size expected to reach approximately USD 45 billion by 2023, and projected to surge to nearly USD 75 billion by 2032, reflecting an impressive compound annual growth rate (CAGR) of 6.5%. This growth is primarily fueled by increasing regulatory requirements across industries, advancements in technology, and a heightened focus on safety and quality assurance. As businesses across various sectors strive to meet stringent compliance standards and consumer expectations, the demand for reliable and comprehensive testing and analysis services continues to rise. This upward trajectory is further supported by the burgeoning industrial and manufacturing sectors, which drive the need for precise quality control and material testing.

One of the primary growth factors driving the Testing and Analysis Services Market is the increasing governmental and international regulations mandating safety and quality standards. Industries such as automotive, aerospace, and healthcare are particularly affected, as they are required to adhere to stringent compliance measures to ensure product safety and efficacy. This regulatory landscape is prompting companies to invest in thorough testing and analysis services, which not only help them meet compliance requirements but also enhance product reliability and marketability. Additionally, the globalization of trade has necessitated standardized testing procedures across borders, further bolstering the market's expansion.

Technological advancements have also significantly contributed to the growth of the Testing and Analysis Services Market. The integration of cutting-edge technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) into testing processes has revolutionized the accuracy, efficiency, and speed of analysis. These innovations have enabled service providers to offer more sophisticated and comprehensive testing solutions, attracting industries seeking enhanced precision and reduced turnaround times. Moreover, the rise of big data analytics has empowered organizations to derive valuable insights from testing results, enabling them to make informed decisions and optimize their operations.

Another critical growth driver is the increasing emphasis on sustainability and environmental stewardship. With global awareness of environmental issues on the rise, industries are under pressure to minimize their environmental impact and ensure sustainable practices. This has led to a surge in demand for environmental testing services, which assess factors such as air and water quality, emissions, and waste management. Organizations are leveraging these services to demonstrate their commitment to sustainability, comply with environmental regulations, and obtain certifications that enhance their brand reputation and competitive edge.

Testing and Inspection Services are becoming increasingly vital in today's market landscape. As industries strive to meet the ever-evolving regulatory standards, these services provide a critical layer of assurance and compliance. They encompass a wide range of activities, including quality control, safety assessments, and performance evaluations, which are essential for maintaining the integrity of products and processes. By employing state-of-the-art testing methodologies, companies can identify potential issues early in the production cycle, thereby reducing the risk of costly recalls and enhancing consumer trust. This proactive approach not only safeguards brand reputation but also ensures that products meet the highest standards of quality and safety before reaching the market.

Regionally, the Testing and Analysis Services Market exhibits promising growth prospects across various geographies. North America leads the market with a significant share, driven by the presence of major industry players, robust industrial infrastructure, and stringent regulatory frameworks. The Asia Pacific region is anticipated to witness the highest growth rate, attributed to rapid industrialization, urbanization, and increasing investments in quality assurance practices. Europe holds a substantial market share, supported by advancements in technology and a strong focus on environmental sustainability. Meanwhile, Latin America and the Middle East & Africa are emerging as potential growth regions, although they currently hold smaller market shares compared to other regions.

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The shared services market size is predicted to reach $58.98 billion in 2024 to $473 billion by 2035, growing at a CAGR of 20.84% from 2024 to 2035.

The managed infrastructure services market is projected to reach USD 8.1 billion in 2025 and expand to USD 20.3 billion by 2035, reflecting a CAGR of 10.2% during the forecast period. The increasing demand for cloud-based IT infrastructure, growing digital transformation across industries, and advancements in automation and cybersecurity solutions are driving growth.

Contracts and Deals Analysis

Company	Contract Value
IBM Corporation	Approximately USD 1.2 billon
Accenture plc	Approximately USD 850 million
Fujitsu Ltd.	Approximately USD 500 million

Country Wise Analysis

Country	CAGR (2025 to 2035)
USA	10.5%

Country	CAGR (2025 to 2035)
UK	10.2%

Country	CAGR (2025 to 2035)
European Union (EU)	10.3%

Country	CAGR (2025 to 2035)
Japan	10.4%

Country	CAGR (2025 to 2035)
South Korea	10.6%

Competitive Outlook

Company Name	Estimated Market Share (%)
IBM	20-25%
Accenture	15-20%
HCL Technologies	12-17%
TCS	8-12%
DXC Technology	5-9%
Other Companies (combined)	20-30%

Green It Services Market size is estimated to be valued at USD 31.66 Bn in 2025 and is expected to expand at a CAGR of 18.0%, reaching USD 100.92 Bn by 2032.

U.S. Home Services Market size was valued at USD 211.71 Billion in 2023 and is projected to reach USD 893.18 Billion by 2031, growing at a CAGR of 19.59% from 2024 to 2031.

U.S. Home Services Market Overview

The U.S. Home Services Market is poised for continued growth, driven by a combination of evolving consumer preferences, technological advancements, and demographic trends. A key driver of this market is the increasing demand for home maintenance and improvements. With homeownership rates on the rise, particularly among millennials and baby boomers, more individuals are investing in home repairs, remodeling, and upgrades to enhance comfort, functionality, and property value. The aging housing stock in the U.S. also contributes significantly to this demand, as older homes require frequent repairs and updates to meet modern standards and codes.

This is particularly true in regions with older infrastructure, where demand for plumbing, electrical, and HVAC services remains high. One of the most influential trends in the U.S. Home Services Market is the shift toward digitalization and online platforms. As consumers become more tech-savvy, they are increasingly turning to mobile apps and online marketplaces to find, compare, and schedule home services. This has not only improved accessibility and convenience for homeowners but also allowed service providers to reach new audiences.

Financial Data Services Market size was valued at USD 23.3 Billion in 2023 and is projected to reach USD 42.6 Billion by 2031, growing at a CAGR of 8.1% during the forecast period 2024-2031.Global Financial Data Services Market DriversThe market drivers for the Financial Data Services Market can be influenced by various factors. These may include:The need for real-time analytics is growing: Real-time analytics are becoming more and more necessary in the financial sector due to the acceleration of data consumption. To reduce risks, make wise decisions, and enhance customer service, organizations need quick insights. Stakeholders are giving priority to solutions that enable quick data processing and analysis due to the increase in market volatility and complexity. The need for sophisticated analytical skills is driving providers of financial data services to modernize their products. As companies come to realize that using real-time data is crucial for keeping a competitive edge in a fast-paced financial climate, the competition among them to provide timely insights also boosts market growth.Growing Machine Learning and AI Adoption: Data analysis has been profoundly changed by the incorporation of AI and machine learning technology into financial data services. By enabling predictive analytics, these technologies help financial organizations make better decisions and reduce risk. Businesses can find trends that were previously invisible by automating data processing operations. This leads to more precise forecasts and improved investment plans. Furthermore, sophisticated algorithms are flexible enough to adjust to shifting circumstances, keeping organizations flexible. The increasing intricacy of financial markets necessitates the use of AI and machine learning, which in turn drives demand for sophisticated financial data services and promotes innovation in the sector.Global Financial Data Services Market RestraintsSeveral factors can act as restraints or challenges for the Financial Data Services Market. These may include:Difficulties in Regulatory Compliance: Regulations controlling data management, privacy, and financial transactions place heavy restrictions on the financial data services market. Regulations like the GDPR, CCPA, and banking industry standards like Basel III and SOX must all be complied with by organizations. Complying with these requirements frequently necessitates a significant investment in staff and compliance systems, which can be taxing, especially for smaller businesses. Regulations are dynamic, and different locations have different needs, which adds to the complexity and expense. Noncompliance not only results in monetary fines but also has the potential to harm an entity's image, so impeding market expansion.Dangers to Data Security: Threats to data security are a major impediment to the financial data services market. Because they manage sensitive data, financial institutions are often the targets of cyberattacks. Breach can lead to significant monetary losses, legal repercussions, and long-term harm to one's image. Although they can greatly increase operating expenses, investments in strong security measures like encryption, safe access protocols, and continual monitoring are crucial. Moreover, the dynamic strategies employed by cybercriminals need continuous adjustment, placing a burden on resources and detracting from the main operations of businesses. The evolution of security threats poses a challenge to preserving consumer trust, hence impeding industry expansion.

Pharma cloud services market size is expected to grow from USD 9.5 billion in 2024 to USD 11 billion in 2025 and USD 46.1 billion by 2035, at a CAGR of 15.4%

The global 5G services market value reached around USD 165.43 Billion in 2024. The expansion of the market is driven by the increasing demand for faster and more reliable internet connectivity, especially with the growth of IoT devices, smart cities, and high-bandwidth applications like augmented and virtual reality. As businesses and consumers adopt more data-intensive services, the need for 5G technology to provide lower latency, higher speeds, and increased network capacity becomes critical. For example, companies like Verizon and AT&T are leading the deployment of 5G networks across major cities, enhancing user experience and enabling innovative services. As a result, the industry is expected to grow at a CAGR of 49.60% during the forecast period of 2025-2034 to attain a value of USD 9288.17 Billion by 2034. Moreover, the digital transformation in industries such as healthcare, automotive, and manufacturing is fuelling the adoption of 5G services for real-time data processing and automation.

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Digital Transformation Services Market Size 2025-2029

The digital transformation services market size is forecast to increase by USD 2.17 billion, at a CAGR of 33.8% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for cloud-based solutions and the rapid implementation of big data and analytics integration services. Companies are recognizing the benefits of digital transformation, including improved operational efficiency, enhanced customer experience, and increased competitiveness. However, the implementation of these transformative technologies poses challenges. To capitalize on market opportunities and navigate these challenges effectively, companies must adopt a strategic approach. 
This may involve investing in advanced technologies, establishing strong partnerships, and implementing robust change management processes. By addressing these challenges head-on, organizations can successfully harness the power of digital transformation to drive growth and innovation. Digital transformation initiatives often face obstacles such as data security concerns, complex integration processes, and resistance to change from employees.

What will be the Size of the Digital Transformation Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market activities shaping the landscape across various sectors. Application modernization and business continuity are key focus areas, ensuring uninterrupted operations and agile development. Incident response strategies are being refined, integrating data privacy and change management for effective resolution. Big data and workflow automation are driving business process optimization, while data integration and data visualization offer valuable insights for informed decision-making. Security audits and data governance are essential components, ensuring data security and compliance.

Data backup and disaster recovery are crucial for business resilience, with multi-factor authentication (MFA) enhancing security. Cloud migration and cloud security are top priorities, as organizations embrace the benefits of the cloud. The digital transformation journey is ongoing, with continuous innovation and adaptation shaping the market's future.

How is this Digital Transformation Services Industry segmented?

The digital transformation services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  IT and telecom
  Retail and eCommerce
  BFSI
  Healthcare
  Others


Type

  Large enterprise
  Small and medium enterprise


Service Type

  Solutions
  Services


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The IT and telecom segment is estimated to witness significant growth during the forecast period. In the IT and telecom sector, digital transformation services have gained significant traction among telecommunications companies. The rise in smartphone usage and the evolution of business models necessitate these services to ensure regulatory compliance. Telecommunications companies are generating vast amounts of business data due to cloud computing adoption and increasing smartphone penetration. This data necessitates efficient management through digital transformation services, enabling system integration, consistency, and control. Agile development, project management, data privacy, change management, and data analytics are crucial components of these services. Moreover, business continuity, incident response, data backup, disaster recovery, and security audits ensure business resilience.

Big data, workflow automation, data integration, penetration testing, artificial intelligence, machine learning, network security, risk management, and managed services optimize business processes and IT infrastructure. Vulnerability management, data visualization, and multi-factor authentication further enhance security. Telecommunications companies are also embracing cloud computing for migration and security, leading to an increased demand for cloud services. The convergence of products and services in the industry necessitates seamless integration and efficient management, making digital transformation services indispensable. Vulnerability management and risk management are ongoing processes, with managed services and cloud computing providing scalable solutions.

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The IT and telecom seg

The revenue is forecast to experience significant growth in all segments in 2029. Particularly striking is the exceptionally strong increase of the segment IT Outsourcing towards the end of the forecast period. The value amounting to 2.6 billion U.S. dollars stands out significantly from the average changes, which are estimated at 0.9 billion U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in Australia and a comparison of the revenue in Canada. The Statista Market Insights cover a broad range of additional markets.

Iran IT Services Market Size, Share, Outlook & Iran IT Services Market Growth, Analysis By Type , By Region, Competition Forecast & Opportunities, 2012 - 2022

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Managed Infrastructure Services Market Outlook

According to our latest research, the global managed infrastructure services market size in 2024 stands at USD 108.7 billion, reflecting robust growth supported by the increasing reliance of enterprises on third-party expertise for IT infrastructure management. The market is expected to expand at a CAGR of 10.2% from 2025 to 2033, reaching a projected value of USD 257.1 billion by 2033. This growth is primarily driven by the rising complexity of IT environments, the need for cost optimization, and the accelerating adoption of cloud-based infrastructure solutions across diverse industries, as per the latest research insights.

The managed infrastructure services market is experiencing significant momentum due to the rapid digital transformation initiatives undertaken by enterprises worldwide. Organizations are increasingly outsourcing their IT infrastructure management to specialized service providers in order to focus on their core business operations, reduce operational costs, and gain access to the latest technologies. This shift is further propelled by the proliferation of hybrid and multi-cloud environments, which require sophisticated management solutions to ensure seamless integration, security, and scalability. The growing prevalence of remote work and the surge in data volumes have also contributed to the heightened demand for managed infrastructure services, as companies seek to maintain high levels of performance and reliability in their IT systems.

Another key growth factor for the managed infrastructure services market is the escalating threat landscape, with cyberattacks and data breaches becoming more frequent and sophisticated. Enterprises are recognizing the importance of robust security management as an integral part of their IT infrastructure strategy. Managed service providers offer advanced security solutions, including real-time monitoring, threat detection, and incident response, which help organizations safeguard their critical assets and comply with stringent regulatory requirements. Additionally, the need for business continuity and disaster recovery planning has driven organizations to partner with managed service providers that can deliver resilient and scalable infrastructure solutions.

Technological advancements and the emergence of new service models have further accelerated the adoption of managed infrastructure services. The integration of artificial intelligence, machine learning, and automation into infrastructure management processes has enabled service providers to deliver proactive and predictive maintenance, optimize resource utilization, and enhance overall operational efficiency. Moreover, the increasing adoption of edge computing and IoT devices has created new opportunities for managed service providers to offer specialized solutions tailored to the evolving needs of modern enterprises. As organizations continue to embrace digital innovation, the demand for managed infrastructure services is expected to remain strong throughout the forecast period.

Regionally, North America holds the largest share of the managed infrastructure services market, driven by the presence of major technology companies, high IT spending, and early adoption of advanced infrastructure solutions. Europe follows closely, with significant investments in digital transformation and stringent data protection regulations fueling market growth. The Asia Pacific region is projected to witness the fastest growth rate, supported by rapid industrialization, increasing cloud adoption, and government initiatives promoting digitalization. Latin America and the Middle East & Africa are also expected to contribute to market expansion, albeit at a relatively moderate pace, as organizations in these regions increasingly recognize the benefits of managed infrastructure services for enhancing operational efficiency and competitiveness.

Service Type Analysis

The managed infrastructure services market is segmented by s