Through September 2024, the majority of acquired IT services companies were based in the United States, representing 55% of all targets. The United Kingdom was home to 10% of target companies, further underscoring its position as a key market for IT services. These figures reflect the continued dominance of the US and UK in the global IT Services M&A landscape

US buyers remained dominant and were responsible for 61% of transactions in the IT Services sector throughout the first nine months of 2024. The United Kingdom and France followed with 8% and 5%, respectively. Dealmaking remained international with 32% of transactions being cross-border.