IT Services Forecast Predicts $2.1 Trillion Market

Forrester reports that IT services spending will grow at a 4.8% CAGR from 2024 to 2029, reaching more than $2.1 trillion by 2029. The firm identifies IaaS and AI software as primary growth drivers—EU enterprise AI adoption rose over 30% in 2024, and U.S. sector adoption is forecast at 31%, 28%, and 23% in 2025. Vendors must adopt fixed-price, asset-based pricing and GenAI automation to improve margins.
Scoring Rationale
Strong industry forecast with official Forrester data but limited novelty as a market update for providers.
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