Story perspectives

Global IT Services Market Hits $29.2B Amid AI Surge

7/18/2025

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Summary

Story summary

In Q2 2025, the global IT and business services market soared to $29.2 billion, fueled by the rapid advancements in AI and cloud technology. Managed services thrived, especially in the energy and manufacturing sectors. Meanwhile, quantum computing is capturing interest with substantial government backing, while Amazon Web Services optimizes operations to enhance AI investments, positioning Taiwan Semiconductor Manufacturing and CoreWeave for promising futures.

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Story summary

In Q2 2025, the global IT and business services market soared to $29.2 billion, fueled by the rapid advancements in AI and cloud technology. Managed services thrived, especially in the energy and manufacturing sectors. Meanwhile, quantum computing is capturing interest with substantial government backing, while Amazon Web Services optimizes operations to enhance AI investments, positioning Taiwan Semiconductor Manufacturing and CoreWeave for promising futures.