MoatScopeMoatScope

IT Services & Consulting

Technology consulting, outsourcing, systems integration, managed services and cloud/data-center infrastructure.

Companies
35
With a moat
26%
Average quality
35
1 wide moat · 8 narrow moat · 26 no moat · Open in screener →
Updated 19 Oct 2026

IT Services & Consulting covers technology consulting, outsourcing, systems integration, managed services and cloud and data-center infrastructure providers. MoatScope covers 35 companies here. One has a wide moat, eight a narrow moat and 26 none.

How the industry makes money

Most of the industry bills for people and projects: consulting engagements, long-term outsourcing contracts and managed services. A newer group rents out computing capacity from its own data centers.

Where the moats are

Switching costs appear in all nine moat-rated companies: an outsourcer that runs a client's systems accumulates knowledge that is costly to hand over. Intangible assets appear in six and cost advantages from offshore delivery scale in five.

  • IBM: a hybrid-cloud and enterprise-software company anchored by Red Hat, with consulting and infrastructure businesses built around it.

The narrow-moat group includes Accenture, Infosys, Cognizant, Wipro, CGI, EPAM and the data-center operator GDS. The cloud and data-center newcomers, including Nebius, CoreWeave and Applied Digital, carry no moat.

What wears moats down

Automation of routine coding and support work can shrink billable hours, clients push hard on price, and wage inflation squeezes margins. The capacity providers carry heavy debt and depend on a few large customers.

What to watch

  • New bookings and deal sizes.
  • Pricing and wage costs.
  • Debt and customer concentration at the capacity providers.

Moat ratings and quality scores on this page update as companies report. Price versus fair value for every company in the industry is in the screener.

Markets

MoatScope splits IT Services & Consulting into 2 markets. Each table ranks the businesses in one market by revenue and shows each one's share of the market's total: companies filed under this industry, the segments of companies filed elsewhere that compete in it, and the largest companies MoatScope doesn't cover, such as private companies and companies listed outside the US. Each market's total comes from a cited source and covers the geography its businesses compete in (a national market counts only US revenue). A company that runs several businesses is split by the segments it reports.

IT consulting & outsourcing

Technology consulting, systems integration, application development and managed IT services.

Global market · $1.50T total revenue in 2025 · source: Gartner. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025. IT services spending (Gartner), excluding cloud infrastructure.

#BusinessMarket shareRevenue
1ACN · Accenture plc4.6%$69.7B
2Tata Consultancy Services
Listed outside the US (NSE) · Tata group
2.0%$30.0B
3Capgemini
Listed outside the US (Euronext Paris) · Capgemini
1.7%$25.4B
4PwC (Advisory)1.6%$24.3B
5IBM · INTERNATIONAL BUSINESS MACHINES CORP1.4%$21.8B
6CTSH · COGNIZANT TECHNOLOGY SOLUTIONS CORP1.4%$21.1B
7INFY · Infosys Ltd1.3%$19.3B
8EY (Consulting)1.1%$16.4B
9KPMG (Advisory)
Private · KPMG
1.1%$16.4B
10KD · Kyndryl Holdings, Inc.1.0%$15.1B
All other companies77.8%$1.17T

Cloud infrastructure & AI cloud

Rented computing, storage and platform services: the public clouds (AWS, Microsoft Azure, Google Cloud, Alibaba Cloud) and the GPU clouds built for AI.

Global market · $419.0B total revenue in 2025 · source: Synergy Research Group. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025. Microsoft's Intelligent Cloud segment also includes server software sold for customers' own data centers, so its share reads high.

#BusinessMarket shareRevenue
1AMZN · AMAZON COM INC30.7%$128.7B
2MSFT · MICROSOFT CORP
Intelligent Cloud · filed under Software
25.4%$106.3B
3GOOGL · Alphabet Inc.
Google Cloud · filed under Internet & Interactive Media
14.0%$58.7B
4BABA · Alibaba Group Holding Ltd
Alibaba Cloud · filed under E-commerce & Online Marketplaces
5.3%$22.1B
5ORCL · ORACLE CORP
Oracle Cloud Infrastructure (OCI) · filed under Software
4.3%$18.1B
6China Telecom (Tianyi Cloud / e-Cloud)
Listed outside the US (HKEX) · Xinhua
4.0%$16.8B
7China Mobile (Mobile Cloud)
Listed outside the US (HKEX) · Xinhua
3.0%$12.5B
8CRWV · CoreWeave, Inc.1.2%$5.1B
9Huawei Cloud
Private · TrendForce
1.1%$4.5B
10GDS · GDS Holdings Ltd0.4%$1.6B
All other companies10.3%$43.4B

Companies

CompanyMoatQualityMarket
IBM
INTERNATIONAL BUSINESS MACHINES CORP
Wide69IT consulting & outsourcing
+ 2 other markets
1.4%$222.7B
ACN
Accenture plc
Narrow66IT consulting & outsourcing4.6%$158.5B
INFY
Infosys Ltd
Narrow72IT consulting & outsourcing1.3%$51.0B
NBIS
Nebius Group N.V.
None26Cloud infrastructure & AI cloud0.1%$47.0B
CRWV
CoreWeave, Inc.
None18Cloud infrastructure & AI cloud1.2%$33.7B
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
Narrow67IT consulting & outsourcing1.4%$30.1B
WIT
WIPRO LTD
Narrow61IT consulting & outsourcing0.7%$20.9B
GIB
CGI INC
Narrow58IT consulting & outsourcing0.7%$15.4B
EPAM
EPAM Systems, Inc.
Narrow62IT consulting & outsourcing0.4%$6.6B
APLD
Applied Digital Corp.
None18Cloud infrastructure & AI cloud0.1%$5.8B
GDS
GDS Holdings Ltd
Narrow32Cloud infrastructure & AI cloud0.4%$4.4B
KD
Kyndryl Holdings, Inc.
None26IT consulting & outsourcing1.0%$2.9B
DXC
DXC Technology Co
None31IT consulting & outsourcing0.8%$2.3B
GLOB
Globant S.A.
None39IT consulting & outsourcing0.2%$1.8B
FORTY
FORMULA SYSTEMS (1985) LTD
None49IT consulting & outsourcing0.2%$1.6B
EFOR
ASGN Inc
None39IT consulting & outsourcing0.3%$1.5B
WYFI
WhiteFiber, Inc.
None22Cloud infrastructure & AI cloud<0.1%$457M
HCKT
HACKETT GROUP, INC.
Narrow54IT consulting & outsourcing<0.1%$281M
ATGL
Alpha Technology Group Ltd
None21IT consulting & outsourcing<0.1%$240M
TSSI
TSS, Inc.
None33IT consulting & outsourcing<0.1%$204M
DAVA
Endava plc
None36IT consulting & outsourcing<0.1%$170M
UIS
UNISYS CORP
None21IT consulting & outsourcing0.1%$163M
LAWR
Robot Consulting Co., Ltd.
None16IT consulting & outsourcing<0.1%$160M
ALYAF
Alithya Group inc
None30IT consulting & outsourcing<0.1%$90M
CINT
CI&T Inc
None41IT consulting & outsourcing<0.1%$86M
CSPI
CSP INC /MA/
None29IT consulting & outsourcing<0.1%$77M
BLNC
Balance Labs, Inc.
None11IT consulting & outsourcing<0.1%$73M
VDTA
Vertical Data Inc.
None24IT consulting & outsourcing<0.1%$53M
BOTX
DATZ WORLD HOLDINGS CORP.
None42IT consulting & outsourcing<0.1%$30M
FUSE
Fusemachines Inc.
None11IT consulting & outsourcing<0.1%$10M
OMQS
OMNIQ Corp.
None15IT consulting & outsourcing<0.1%$1M
HSTA
Hestia Insight Inc.
None21IT consulting & outsourcing<0.1%$1M
ARBB
ARB IOT Group Ltd
None21IT consulting & outsourcing<0.1%—
GLE
Global Engine Group Holding Ltd
None19IT consulting & outsourcing<0.1%—
HTCR
HeartCore Enterprises, Inc.
None25IT consulting & outsourcing<0.1%—

35 companies.

Market share is a company's revenue in its main market (Market column) as a share of that market's total: every company in it, including private companies and companies listed outside the US (sources under each market above). Revenue is for the fiscal year closest to 2025, and a market that is national (such as US banking) counts only US revenue. Companies that run several businesses are split by the segments they report, and each segment counts in its own market. A dash means the market has no reliable total yet, or no revenue was reported for that year.

Price versus fair value for every company is in the screener.

Other Information Technology industries

SoftwareCybersecuritySemiconductorsSemiconductor Equipment & MaterialsComputer Hardware & StorageCommunications & Networking EquipmentElectronic Components & Instruments