In this article, we will take a look at the 11 Best Information Technology Services Stocks to Invest In.
The global Information Technology (IT) industry is making massive strides with the integration of AI across various products and services. IT companies are leveraging AI to enhance efficiency, improve customer experience, and drive innovation. According to a survey by McKinsey, the reported use of AI increased in 2024, with 78% of respondents stating that their companies are using AI in at least one business function, up from 72% in early 2024 and 55% compared to 2023. Information Technology has experienced the highest adoption of AI, with respondents reporting growth in AI use from 27% to 36% over the last six months, as of March 12.
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AI is assisting in automating tasks, personalizing user experiences, and developing new AI-powered products and services. “As companies like Alphabet and Meta race to deliver on the promise of AI, capital expenditures are shockingly high and will remain elevated for the foreseeable future,” said Debra Aho Williamson, founder and chief analyst at Sonata Insights. Debra believes that if the core businesses remain strong, it will buy these companies more time with investors and create confidence that the billions being spent on infrastructure and human capital are worthwhile.
Information Technology Services Market Outlook
According to Fortune Business Insight, the global information technology services market was valued at $1.34 trillion in 2024. It is expected to grow from $1.43 trillion in 2025 to $2.32 trillion by 2032, indicating a compound annual growth rate of 7.2% between 2025 and 2032. North America is the leading region in the global IT services industry with a market share of 41.04%, as of 2024. Whereas, Asia-Pacific remains one of the fastest-growing regions due to rising digital transformation efforts and increasing demand for IT outsourcing in emerging countries.
With these trends in view, let’s take a look at the 11 Best Information Technology Services Stocks to Invest In.
A data center operator working on a rack of servers, emphasizing the company’s cloud services.
Our Methodology
To compile our list of the 11 best information technology services stocks to invest in, we searched IT services stocks through the Finviz screener. We shortlisted the companies with market capitalization over $1 billion and analyst upside of equal to or more than 20%. We have ranked the best information technology services stocks to buy in ascending order of the analyst upside. The data for analyst upside was taken from CNN. We have also mentioned the number of hedge funds holding stakes in these stocks, and the data for hedge funds is taken from Insider Monkey’s Hedge Fund database, updated as of Q1 2025. Please note that the remaining data was collected on July 30.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Best Information Technology Services Stocks to Invest In
11. Accenture plc (NYSE:ACN)
Analyst Upside: 22.20%
Number of Hedge Fund Holders: 69
Accenture plc (NYSE:ACN) is one of the best information technology services stocks to invest in. On July 31, Accenture plc (NYSE:ACN) announced a strategic investment in YearOne.
YearOne is a company that assists organizations in speeding software development via its data-driven software engineering intelligence platform. The investment will be led by Accenture Ventures, and Accenture will partner with YearOne. The partnership will help businesses accelerate the span of digital product development with AI-powered visibility, coaching, and performance optimization.
“YearOne’s platform can provide organizations with the clarity needed to develop innovative capabilities and strategic vision to move forward with confidence and purpose,” said Tom Lounibos, global lead for Accenture Ventures.
Accenture will use YearOne’s platform to create a benchmark for engineering performance and output that can help organizations spot grey areas and leverage AI tools for efficiency gains. YearOne brings real-time workflows, individuals, and teams into a single system of intelligence that fills the gap between data, behaviour, and execution.
Accenture plc (NYSE:ACN) is a leading professional IT services firm engaged in offering solutions across strategy and consulting, technology, operations, and Industry X and Song.
10. Ingram Micro Holding Corporation (NYSE:INGM)
Analyst Upside: 22.70%
Number of Hedge Fund Holders: 13
Ingram Micro Holding Corporation (NYSE:INGM) is one of the best information technology services stocks to invest in. On July 15, Ingram Micro Holding Corporation (NYSE:INGM) announced a distribution agreement with CloudBolt, a leading Cloud ROI Company.
Under the alliance, Ingram Micro will access CloudBolt’s leading cloud management and augmented FinOps platform. Whereas, CloudBolt will have access to Ingram’s thousands of managed service providers (MSPs) and value-added resellers (VARs). MSPs and VARs will have better access to meet the growing need to enhance legacy IT services, making Ingram’s services more scalable.
“Modernization continues to bring opportunity forward for our channel partners, and we’re pleased to add CloudBolt’s proven suite of products to our portfolio. From full-scale FinOps to orchestration to Kubernetes optimization, we’re working together to better enable our MSPs to expand their cloud services and deliver greater value to customers across the cloud lifecycle,” said John Kinnan, Executive Director, Modern Infrastructure, Ingram Micro.
The following CloudBolt services will be available to Ingram Micro partners, including Cloud Management Platform, Hybrid Cloud Management, Augmented FinOps, Kubernetes Optimization, and Infrastructure Modernization.
Ingram Micro Holding Corporation (NYSE:INGM) is engaged in the distribution of IT products, cloud, and services globally. The company’s products and services consist of client and endpoint solutions, advanced solutions, cloud-based solutions, and others.
