The IT and related technology services sector is positioned for strong growth heading into 2026, fueled by enterprise digital transformation, cloud adoption and the rapid integration of artificial intelligence. For equipment finance leaders, the segment presents a mix of opportunity and risk, with rising demand for infrastructure and services balanced against tightening credit conditions.
Global IT services are projected to reach approximately $1.43 trillion in 2025, expanding to more than $2.3 trillion by 2032 at a 7.2% CAGR, according to Fortune Business Insights. IMARC forecasts similar momentum, with the market rising from $1.22 trillion in 2024 to $2.29 trillion by 2033. North America continues to hold the largest share, accounting for roughly 41% of global IT services revenue in 2024, according to Fortune Business Insights.
McKinsey’s latest tech outlook highlights frontier technologies shaping investment: generative AI, advanced analytics, automation and cloud platforms. These drivers are spurring demand for related services, from systems integration to managed IT and are influencing how businesses deploy capital for both physical infrastructure and service-based models.
CompTIA estimates global IT spending will reach $5.75 trillion in 2025, up 9.3% from 2024. Growth is concentrated in software, cloud infrastructure and data center systems, with hybrid models becoming the norm. For finance providers, this signals increased demand for structured financing solutions around high-ticket technology investments, particularly in server, networking and storage equipment.
The broader equipment finance industry experienced growth in new business volume in 2024, with the Monitor 100 reporting a year-over-year increase of 2.5%, despite a tighter credit environment. In IT specifically, lessees remain focused on cost control and flexibility, making as-a-service and consumption-based financing models increasingly attractive. Lenders should anticipate heightened interest in financing that aligns with subscription or usage-based technology adoption.
With corporate technology roadmaps anchored in AI, automation and hybrid cloud, the IT services sector is set to remain one of the most dynamic growth areas. For equipment finance leaders, the opportunity lies in pairing innovative financing structures with the accelerating demand for IT, while closely monitoring credit quality and residual values in a rapidly evolving market. •
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