About IT Services
There are 385K companies in the IT Services sector across the world, with 14.1K funded companies having collectively raised $110B in venture capital money and private equity. Overall 15.2K of these are Series A+ funded and the sector has seen the creation of 10 Unicorns.
IT Services sector has seen 9.52K acquisitions and 4.38K IPOs.
This sector includes physical consulting teams, technical field technicians, and hardware deployment engineers providing manual setup, physical server installation, cabling, and localized hardware maintenance for enterprises.
IT Services sector is also known as IT Engineering Services or Technology Services.
Companies included in IT Services sector
Companies providing IT outsourcing services for software application development, software testing, big data, networking, security, virtualization, IT operations, data center, cloud, storage, hosting. Also includes companies distributing or reselling IT infrastructure equipmentCompanies excluded in IT Services sector
Companies providing services related to management/strategy consulting, AR/VR consulting, and Enterprise services such as HR, Marketing, Legal, Telecom, BPO etcMarket Map of IT Services
The market map of IT Services gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to IT Services
Here are some reports related to IT Services sector:
Free
IT Services - Sector Report
Edition: October, 2026 (78 Pages)
Premium
IT Services Investor Landscape
Edition: April, 2025 (12 Pages)
Premium
IT Services Exit Landscape
Edition: April, 2025 (15 Pages)
View all reports related to IT Services. Sign up today!Top Companies in IT Services
There are more than 385K companies in IT Services. Fractal Analytics is the top IT Services company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top IT Services companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of enterprise artificial intelligence solutions across multiple industries | New York City (United States) | 2000 | Public | $685M | |
Provider of AI-augmented engineering and software development services | Jaipur (India) | 2007 | Series E | $620M | |
Provider of hybrid cloud, artificial intelligence, and IT consulting services | Armonk (United States) | 1911 | Public | - | |
Provider of web hosting domain registration and digital infrastructure solutions | Noida (India) | 1995 | Public | $1.65M | |
Provider of data analytics, cloud modernization, management strategy, and digital transformation services | Aliso Viejo (United States) | 1998 | Late Stage | $250M |
Companies founded year-on-year in the IT Services sector
8,545 new startups have been founded so far in 2026 in the IT Services sector. 29,625 IT Services startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 8,545 |
2025 | 7,713 |
2024 | 7,487 |
2023 | 7,780 |
2022 | 10,407 |
2021 | 14,720 |
2020 | 29,625 |
2019 | 27,332 |
2018 | 24,184 |
2017 | 17,400 |
Companies founded across countries in the IT Services sector
United States has 82,789 IT Services startups, the most by any country, followed by India which has 74,541 startups and United Kingdom which has 34,469.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 82,789 |
India | 74,541 |
United Kingdom | 34,469 |
Germany | 22,718 |
Canada | 10,118 |
Australia | 7,856 |
Pakistan | 5,432 |
France | 4,636 |
United Arab Emirates | 4,563 |
South Africa | 4,425 |
Stage-wise distribution of the IT Services sector
Out of the total 384,578 IT Services companies, 14,079 have secured funding. Among them, 15,201 have reached Series A or higher, and 14,480 to Series B or beyond.
Founded - 384,578
Funded - 14,079
Series A+ - 15,201
Series B+ - 14,480
Series C+ - 14,280
Company Stage | No. of companies |
|---|---|
Founded | 384,578 |
Funded | 14,079 |
Series A+ | 15,201 |
Series B+ | 14,480 |
Series C+ | 14,280 |
Want to know more about IT Services ? Signup and explore Tracxn for free
- 385K+ Total Companies
- $110B+ Total Funding
- 14.1K+ Funded Companies
- 4.4K+ IPOs
- 9.5K+ Acquisitions
- 15+ Reports
Funding Trends in the IT Services sector
Total funding year-on-year in the IT Services sector
The IT Services sector saw a total funding of more than $77B in the last 10 years. The most amount of funding was in 2022 at more than $9.93B. There has been a total funding of $8.74B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $8.74B |
2025 | $5.35B |
2024 | $6.12B |
2023 | $5.1B |
2022 | $9.93B |
2021 | $7.15B |
2020 | $9.04B |
2019 | $8.77B |
2018 | $9.6B |
2017 | $7.17B |
Total funding across countries in the IT Services sector
In the last 10 years, IT Services startups in United States have recieved the highest funding among all countries - $24.7B. China follows with $15.5B and United Kingdom with $6.96B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $24.7B |
China | $15.5B |
United Kingdom | $6.96B |
Canada | $3.36B |
India | $2.53B |
France | $1.52B |
Japan | $1.51B |
Germany | $622M |
Italy | $320M |
Spain | $131M |
Total funding amount raised by stage in the IT Services sector
Over the last 10 years, the IT Services sector have seen $2.69B into Seed Stage funding rounds, $15.7B into Early Stage funding rounds and $15.5B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Debt | $16.8B |
Early Stage | $15.7B |
Late Stage | $15.5B |
Post IPO | $13.6B |
PE | $3.28B |
Grant | $2.81B |
Seed Stage | $2.69B |
Other-Equity | $50.1M |
ICO | $35.7M |
Recent Funding Rounds in IT Services
In the year 2026, till October 2026, IT Services companies have raised $2.1B in equity funding across 161 rounds.
In the same period last year (i.e. till October 2025), IT Services companies had raised $2.19B across 229 rounds.
So, 2026 has seen a 4.06% drop in funding in IT Services companies as compared to 2025.
Here are some recent, important funding rounds in IT Services:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3976 | Oct 30, 2026 | ||
Seed | 9966 | Oct 29, 2026 | ||
Seed | 2178 | Oct 26, 2026 | ||
Seed | 1338 | Oct 20, 2026 | ||
Seed | 7078 | Oct 14, 2026 |
Top Investors in IT Services
Europa is the top investor in IT Services companies based on number of companies invested.
Here are some top investors in IT Services:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Arlington (United States) | ||
Washington, DC (United States) | ||
Oak Ridge (United States) | ||
M&A activity in IT Services
In the year 2026, till October 2026, 398 acquisitions happened in IT Services sector. Last year, in 2025, a total of 524 acquisitions happened in IT Services sector.
Here are some recent, important acquisitions in IT Services:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 29, 2026 | ||
Business Acquisition | Oct 28, 2026 | ||
Business Acquisition | Oct 22, 2026 | ||
Business Acquisition | Oct 22, 2026 | - | |
Business Acquisition | Oct 19, 2026 |
Acquisition trends in IT Services
Here are the acquisition trends in IT Services:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 398 |
2025 | 524 |
2024 | 790 |
2023 | 877 |
2022 | 1,140 |
2021 | 979 |
2020 | 717 |
2019 | 769 |
2018 | 653 |
2017 | 568 |
IPOs in IT Services
In the year 2026, till October 2026, 24 IPOs happened in IT Services sector.
Here are some recent, important IPOs in IT Services:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 06, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Oct 05, 2026 | National Stock Exchange (NSE) | |
Oct 01, 2026 | SIX Swiss Exchange (SIX) | |
Sep 30, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Aug 21, 2026 | Bombay Stock Exchange (BSE) |
Colleges which produce the most IT Services companies
Companies founded by alumni from top colleges in the IT Services sector
Most number of IT Services startups have been founded by alumni from Stanford University, IIT Delhi and BITS Pilani.
College | No. of companies |
|---|---|
Stanford University | 179 |
IIT Delhi | 169 |
BITS Pilani | 168 |
Massachusetts Institute of Technology | 159 |
Harvard University | 147 |
IIT Bombay | 119 |
Harvard Business School | 111 |
University of California (Los Angeles) | 111 |
IIT Kharagpur | 91 |
Carnegie Mellon University | 82 |
Total funding in companies founded by alumni from top colleges in the the IT Services sector
In the last 10 years, Massachusetts Institute of Technology graduates' IT Services companies have raised the most funding among top colleges. Harvard University alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
Massachusetts Institute of Technology | $4.2B |
Harvard University | $3.92B |
IIT Delhi | $3.61B |
Harvard Business School | $2.46B |
IIM Ahmedabad | $2.04B |
INSEAD | $1.64B |
University of California (Los Angeles) | $917M |
Stanford University | $752M |
IIT Madras | $752M |
University of Pennsylvania | $527M |
Top News in IT Services
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Grid Dynamics Reports Record Third Quarter 2026 Financial ResultsBusiness Wire•Oct 30, 2026•Grid Dynamics
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Hexaware Technologies Reports Q3CY26 Revenue of USD 411.9 Mn, a 4.3% Increase Year-over-YearPR Newswire•Oct 29, 2026•Hexaware
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Coforge Launches Autonomous Software Factory for AI-Led DevelopmentExpress Computer•Oct 29, 2026•Coforge
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Grid Dynamics Launches Business Process Consulting Practice to Enhance Enterprise AI TransformationMedia Bulletins•Oct 28, 2026•Grid Dynamics
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World Wide Technology and Softchoice Honored with Multiple Cisco Partner AwardsFinancial Post•Oct 28, 2026•Softchoice, World Wide Technology
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