ResearchAndMarkets.com's offering. The Global IT Services Market size is expected to reach $1123.57 billion by 2026, growing at a CAGR of 8.02% during 2021-2026. The growing popularity of cloud based software and rising concerns of the need to automate business processes are continuously increasing the demand for IT services worldwide. The cloud based IT services market is experiencing rapid growth among SMEs since 2018 and is expected to capture more than 80% market share by 2026. Similarly, the emerging big data technology and rising number of connected devices across enterprises are increasing the demand for IT service management and information security management platform. Key Takeaways