The market was valued at $143bn in 2025 and is projected to grow at a 22.7% annual rate from 2026 to 2034, IMARC Group said.
North America holds 30.6% of the market, while software leads offerings with 36.7% share and manufacturing is the biggest end-use sector.
IMARC said growth is being driven by automation, data-led decision-making, faster computing and demand for personalised services, with machine learning and narrow AI remaining dominant.
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