In Q1 2025, the United States continued to dominate IT Services M&A activity, with 161 sellers headquartered in the country accounting for 46% of all targets. The United Kingdom followed with 32 deals, representing 9% of the total, reaffirming its position as a key hub for IT services. Other active markets included Japan with 17 deals, France with 12, and Germany with 11, illustrating the global nature of the market. Canada and Australia also remained important players with 20 and 8 deals, respectively. These figures emphasize the continued leadership of the US and UK in the IT Services sector, with significant contributions from other strategic markets like Japan, France and Canada. 

In Q1 2025, US buyers continued to lead the IT Services sector, driving 48% of transactions with 166 deals. The United Kingdom followed with 33 transactions, representing 10% of the total, while Canada contributed 22 deals, accounting for 6%. Other notable buyers included Japan with 18 deals, France with 16 and Sweden with 13, highlighting the international scope of dealmaking. Cross-border transactions made up 31% of the total, reflecting the global appeal of the sector.