Locating at the sellers by geography, the US continued to dominate IT Services M&A activity. In 2024, 595 of sellers were headquartered in the US, accounting for 53% of all targets. The United Kingdom followed, contributing 126 deals representing 11% of the total, solidifying its position as a key hub for IT services. Other active markets included Germany that was home to 41 of sellers, followed by Canada at 38 and Australia at 37, reflecting a diverse and global dealmaking landscape. These figures highlight the sustained leadership of the US and UK in the IT services sector, alongside rising activity in other strategic markets like Germany and Canada. 

Throughout 2024, US buyers maintained their leadership in the IT Services sector, driving 58% of transactions with 654 deals. The United Kingdom followed with 94 transactions representing 8% of total transactions, while France contributed 58 deals representing 5% of the total. Dealmaking remained international with 32% of transactions being cross-border, reflecting the sector's global appeal.