Global IT Services "Market share trends highlight divergent performances..."

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Global IT Services "Market share trends highlight divergent performances..."

Global Research

18 May 2026ab

Global IT Services Equities

GlobalMarket share trends highlight divergent

performances Technology Services

Aditya Chandrasekar

Analyst

aditya.chandrasekar@ubs.com

Accenture dominates market share; long tail of IT vendors +91-22-6155 6056

Overall market share data (Figures 1-4) shows Accenture remains the clear global IT Michael Briest

services leader with a 4.5% CY25 share, having gained the most over the past decade Analyst

across geographies and service lines. In contrast, Atos has been the weakest performer michael.briest@ubs.com

amongst the key vendors we have analysed here. Large Indian incumbents (TCS, Wipro, +44-20-7568 8367

TechM) have seen recent market share pressure, while Infosys and HCL have defended Kevin McVeigh

share; mid-tier firms (LTIM, Persistent, Coforge) have delivered gradual long-term gains. Analyst

This broadly aligns with our Buy ratings on Accenture, Infosys, HCL and Persistent, and kevin.mcveigh@ubs.com

our broader preference for mid-tier firms vs larger ones in India. Please note, market +1-212-882 0081

share movements may reflect M&A impacts. Overall, IT services grew at a 7% and 6% Leonardo Olmos, CFA

CAGR over the past 5 and 10 years. Analyst

leonardo.olmos@ubs.com

Geographies: Accenture leads, but trends vary by region +55-11-9658 7533

Across geographies (Figures 5-11), Accenture was the most consistent YoY share gainer Heenal Gada

across major regions, despite weakness in select markets (notably Japan YoY and some Associate Analyst

emerging regions longer term). Its gains were more pronounced in developed markets, heenal.gada@ubs.com

with less consistent traction in emerging ones.