Seller activity in 2025 remained heavily concentrated in the United States, which accounted for 46% of all IT Services M&A targets, reinforcing its position as the core market for sector consolidation. The United Kingdom followed with 10% of deals, continuing to play a central role as a global IT services and consulting hub. 

Beyond the two leading markets, Canada and Japan each represented 5% of seller activity, while Germany, India, Australia, the Netherlands, France, and Sweden each contributed 2–4% of total deals. Sellers from the rest of the world made up a meaningful 18% of transactions, highlighting steady M&A activity across emerging and non-traditional markets. 

Overall, the geographic mix underscores the global nature of IT Services M&A, with North America and Western Europe leading in deal volumes, supported by consistent participation from Asia-Pacific and broader international markets. 

In 2025, buyers based in the United States accounted for 50% of all IT Services acquisitions, maintaining their dominant role in this sector’s M&A activity. The United Kingdom followed as the second most active buyer market, representing the home of the acquirer in 9% of total transactions. 

Other key buyer geographies included Japan which was headquarters to 5% of buyers, with France and Canada each representing 4% of activity. Additional participation came from India, Sweden, the Netherlands, Germany, and Ireland, underscoring broad engagement across developed markets. 

Overall, the distribution highlights the global reach of IT Services M&A, with approximately 32% of transactions being cross-border.