
Strategic Intelligence: IT Services Sector Scorecard Q1 2025 Update
Description
Strategic Intelligence: IT Services Sector Scorecard Q1 2025 Update
Summary
While the IT services sector is not directly subjected to tariffs, the companies within the sector will still feel the ripple effects. The uncertainty surrounding tariffs will dampen client sentiment, reducing willingness to invest in new IT projects. As clients become more cautious, discretionary spending may decrease, resulting in delayed or shelved projects for IT services providers.
Cuts in US federal spending will also take a toll on major providers like Accenture, Deloitte, and IBM. IBM announced in April that 15 contracts had been cut in Q1 2025, representing $100 million in lost future revenue. The US Department of Defense has cut contracts valued at a combined $5.1 to reduce its discretionary costs, with Deloitte, Accenture, and Booz Allen among the vendors impacted.
Scope
Summary
While the IT services sector is not directly subjected to tariffs, the companies within the sector will still feel the ripple effects. The uncertainty surrounding tariffs will dampen client sentiment, reducing willingness to invest in new IT projects. As clients become more cautious, discretionary spending may decrease, resulting in delayed or shelved projects for IT services providers.
Cuts in US federal spending will also take a toll on major providers like Accenture, Deloitte, and IBM. IBM announced in April that 15 contracts had been cut in Q1 2025, representing $100 million in lost future revenue. The US Department of Defense has cut contracts valued at a combined $5.1 to reduce its discretionary costs, with Deloitte, Accenture, and Booz Allen among the vendors impacted.
Scope
- This sector scorecard provides a top-down, comprehensive outlook for the key players in the IT services sector over the next two years, based on the key themes set to transform their industry landscape.
- Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- At GlobalData, we have developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
- Our thematic engine tags over 180 million data items across six alternative data sets—patents, jobs, deals, filings, social media, and news—to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.
Table of Contents
12 Pages
- Executive Summary
- Top Themes for 2025
- Sector Scorecard: IT Services
- Thematic Research Methodology
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