Europe IT Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe IT Services Market is segmented by Type (IT Consulting & Implementation, IT Outsourcing, Business Process Outsourcing), End-user (Manufacturing, Government, BFSI, Healthcare, Retail & Consumer Goods, Logistics), and Country (Germany, UK, France, Italy, Spain, and Rest of Europe). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Europe IT Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe IT Services Market Size

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Europe IT Services Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.10 %
Market Concentration High

Major Players

Europe IT Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe IT Services Market with other markets in Technology, Media and Telecom Industry

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Europe IT Services Market Analysis

The Europe IT Services Market is expected to register a CAGR of 7.1% during the forecast period.

  • The IT services market is gaining traction with advanced technology, such as cloud computing. Artificial intelligence is also extending its application across the end-user segment, fueling the market growth over the next five years. For Instance, Accenture has acquired Infinity Works. The acquisition will strengthen and expand the cloud delivery and engineering capabilities of Accenture Cloud in the United Kingdom.
  • There is an increasing demand for IT services across BFSI. The growing use of smart technology and rising security expenditures primarily drive the demand for IT services. For Instance, TCS partnered with the NORD/LB bank to simplify and transform its application estate across businesses-financial markets, wholesale and retail banking, through application consolidation and automation.
  • The increasing infrastructure developments, such as smart city and data center construction, would drive the growth of the IT services market over the next five years. For Instance, Google announced its plans to expand its operations in Germany with USD 1.18 billion worth of investments in new data centers in the country, with data centers in Frankfurt and the new cloud region in Berlin. The new Hanau Frankfurt facility is expected to be operational soon.
  • EU (European Union) has made significant investments in AI in recent years, further supporting future AI in the healthcare sector. Public hospitals in Germany can apply for government funding for projects to boost digital health, cybersecurity, and IT infrastructure. For Instance, under the Hospital Future Act (KHZG), public hospitals will receive a share of USD 4.62 billion for digital health innovation. Such Initiatives in the healthcare sector would drive more demand for the IT services market across the healthcare sector.
  • Due to the COVID-19 pandemic, the demand for the adoption of IT services has seen a rise, augmented by technology demand growth due to shutdowns. Companies upgrading IT infrastructures to support remote working amid shutdowns may shift workloads to the public and private cloud. Over the coming years, this is expected to drive the demand further as enterprises move towards cloud and remote working models, creating new growth opportunities for the IT services market.

Europe IT Services Industry Overview

The Europe IT services market is Highly competitive. Key players in the IT services market, such as Accenture Plc, Capgemini SE, Hewlett Packard Enterprise, IBM, and Tata Consultancy Services Limited, dominate the market in terms of market share. Moreover, the variables are involved in various mergers and acquisitions and product innovation, among others, to gain a competitive edge over others.

In February 2022, IBM collaborated with SAP to deliver technology and consulting experience to help clients embrace a hybrid cloud strategy and migrate mission-critical workloads from SAP systems to the cloud in regulated and non-regulated industries.

In April 2022, Accenture completed the acquisition of Avieco. This acquisition of Accenture's ESG measurement and analytics capabilities as converging standards and increased regulation drive client need for accurate data in decision-making.

Europe IT Services Market Leaders

  1. Accenture plc

  2. Capgemini SE

  3. Hewlett Packard Enterprise

  4. IBM

  5. Tata Consultancy Services Limited

  6. *Disclaimer: Major Players sorted in no particular order
Europe IT Services Market Concentration
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Europe IT Services Market News

  • August 2022: Sky collaborated with Accenture to modernize its employee experience and human resources (HR) operations with a company-wide cloud-based transformation.
  • August 2022: Wipro Limited signed a multi-year contract to deliver service integration and management services to the UK government treasury.
  • September 2022: Keysight Technologies signed a memorandum of understanding (MoU) with IBM to pursue accelerating open radio access network (RAN) deployments in Europe.

Europe IT Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of the Impact of COVID-19 on the Market
  • 4.5 Regulatory Landscape

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Acceleration of Digital Transformation Across Industries and Adoption of New Technologies
    • 5.1.2 Growing Emphasis on Leveraging the Core Competencies by Outsourcing Non-core Operations
  • 5.2 Market Restraints
    • 5.2.1 Data Security, Customization, and Data Migration

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 IT Consulting and Implementation
    • 6.1.2 IT Outsourcing
    • 6.1.3 Business Process Outsourcing
    • 6.1.4 Other Types
  • 6.2 By End-user
    • 6.2.1 Manufacturing
    • 6.2.2 Government
    • 6.2.3 BFSI
    • 6.2.4 Healthcare
    • 6.2.5 Retail and Consumer Goods
    • 6.2.6 Logistics
    • 6.2.7 Other End-Users
  • 6.3 By Country
    • 6.3.1 Germany
    • 6.3.2 United Kingdom
    • 6.3.3 France
    • 6.3.4 Italy
    • 6.3.5 Spain
    • 6.3.6 Rest of Europe

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Accenture plc
    • 7.1.2 Capgemini SE
    • 7.1.3 Hewlett Packard Enterprise
    • 7.1.4 IBM
    • 7.1.5 Tata Consultancy Services Limited
    • 7.1.6 Atos Consulting
    • 7.1.7 Infosys
    • 7.1.8 Wipro
    • 7.1.9 BearingPoint
    • 7.1.10 HCL Technologies
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Europe IT Services Industry Segmentation

Europe IT services leverage technology and business expertise to help organizations create, manage, and optimize information and business processes.

The Europe IT Services Market is segmented by Type (IT Consulting & Implementation, IT Outsourcing, Business Process Outsourcing), End-user (Manufacturing, Government, BFSI, Healthcare, Retail & Consumer Goods, Logistics), and Country (Germany, UK, France, Italy, Spain, and Rest of Europe).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type IT Consulting and Implementation
IT Outsourcing
Business Process Outsourcing
Other Types
By End-user Manufacturing
Government
BFSI
Healthcare
Retail and Consumer Goods
Logistics
Other End-Users
By Country Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe IT Services Market Research FAQs

What is the current Europe IT Services Market size?

The Europe IT Services Market is projected to register a CAGR of 7.1% during the forecast period (2025-2030)

Who are the key players in Europe IT Services Market?

Accenture plc, Capgemini SE, Hewlett Packard Enterprise, IBM and Tata Consultancy Services Limited are the major companies operating in the Europe IT Services Market.

What years does this Europe IT Services Market cover?

The report covers the Europe IT Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe IT Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe IT Services Industry Report

Statistics for the 2025 Europe IT Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe IT Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.