In the first half of 2025, the United States remained the dominant source of M&A targets in the IT Services sector, accounting for 44% of all sellers. The United Kingdom followed as the second most active market, representing 10% of deals, reaffirming its role as a global IT services hub. 

Among other individual countries, Canada, Japan, and Germany each contributed 5% of deal volume, while France, Australia, India, and Sweden each accounted for 2–3%. Sellers based in the rest of the world made up a sizable 19% of the deal volume, reflecting growing activity across emerging and non-traditional markets.  

This geographic distribution highlights the global nature of IT Services M&A, with North America and Western Europe leading the way, and consistent participation from key Asia-Pacific markets and the broader international landscape. 

In the first half of 2025, buyers based in the United States accounted for 47% of all IT Services acquisitions, maintaining their dominant role in sector activity. The United Kingdom remained the second most active buyer market, contributing 11% of total deals. 

Other leading buyer geographies included Japan, home to 6% to acquirers, followed by Canada and France at 5% each, reflecting continued engagement from mature economies. Additional notable contributors included Sweden, Netherlands, India, Germany and Australia. 

 This distribution highlights the global breadth of M&A interest in IT Services, with 31% of transactions being cross-border.