GITNUXREPORT 2025

Services Industry Statistics

Services industry drives over 65% of global GDP and rapid growth continues.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Key Statistics

Statistic 1

The professional services sector, including legal, accounting, and engineering, makes up approximately 10% of the GDP in advanced economies

Statistic 2

The healthcare services sector is projected to grow at a CAGR of 7.9% from 2023 to 2030

Statistic 3

The global education services industry is valued at over $4 trillion, with significant growth expected post-pandemic

Statistic 4

The e-learning market, a subset of education services, is expected to grow at a CAGR of 10.3% through 2027

Statistic 5

The global medical device services sector is valued at over $200 billion, with growth driven by aging populations

Statistic 6

The global services industry accounted for approximately 65% of the world's GDP in 2022

Statistic 7

The U.S. services sector contributed about 70% of the country's GDP in 2022

Statistic 8

The global IT services market is projected to reach $1.3 trillion by 2025, a compound annual growth rate (CAGR) of 8.4%

Statistic 9

Approximately 41% of global GDP is generated by the wholesale and retail trade sector, which falls under the services industry

Statistic 10

The global consulting services market was valued at nearly $250 billion in 2022

Statistic 11

The global financial services industry will reach a valuation of $26 trillion by 2025

Statistic 12

The global logistics and transportation services market was valued at $5.2 trillion in 2022

Statistic 13

The global digital marketing services industry is projected to be worth $517 billion by 2023

Statistic 14

The global cybersecurity services market is expected to reach $165 billion by 2027, with a CAGR of 10%

Statistic 15

The online food delivery services industry expanded by nearly 15% annually from 2018 to 2022

Statistic 16

The global event management services sector is projected to grow at a CAGR of 11.7% from 2022 to 2030

Statistic 17

The global legal services market was valued at $840 billion in 2022, with a forecasted growth rate of 4.2% annually

Statistic 18

The worldwide gaming & eSports services sector is valued at over $2.8 billion in 2023, with significant growth expected

Statistic 19

The global architecture and engineering services market is anticipated to grow at a CAGR of 4.5% from 2022 to 2028

Statistic 20

The interior design services industry grew by approximately 6% globally in 2022

Statistic 21

The global advertising services industry was valued at over $600 billion in 2022, with digital advertising comprising a significant share

Statistic 22

The global translation and localization services sector is worth approximately $50 billion annually, with growth driven by international trade

Statistic 23

The global event security services market is projected to grow at a CAGR of 9% through 2030

Statistic 24

The global cleaning services industry is valued at approximately $61 billion as of 2022, with steady growth expected

Statistic 25

The global rental and leasing services market is expected to reach $1.2 trillion by 2027

Statistic 26

The global customer experience management (CEM) services market is projected to grow at a CAGR of 17.5% from 2023 to 2030

Statistic 27

The worldwide pet services industry, including grooming and boarding, is valued at over $7 billion in 2023

Statistic 28

The global environmental consulting services market is projected to reach $50 billion by 2025, growing at a CAGR of 4.9%

Statistic 29

The global real estate services sector, including brokerage and property management, is valued at over $400 billion in 2023

Statistic 30

The global waste management services industry is valued at approximately $1.4 trillion in 2022, driven by increased urbanization and regulation

Statistic 31

The global content moderation services industry is projected to grow significantly, reaching a valuation of $10 billion by 2026

Statistic 32

The telecommunication services industry holds a market size of over $1.7 trillion globally as of 2023

Statistic 33

The global cloud computing services industry is forecasted to grow at a CAGR of 15.7% from 2023 to 2028, reaching over $1.2 trillion

Statistic 34

The global business process outsourcing (BPO) industry is valued at over $290 billion as of 2023, with Asia-Pacific being a major hub

Statistic 35

The global digital payment services industry is projected to reach $8.5 trillion in transaction volume by 2025

Statistic 36

The global subscription box services industry grew by 20% annually from 2018 to 2022, reaching a market size of over $15 billion

Statistic 37

The global sports betting services market is expected to reach $155 billion by 2028, with a CAGR of 9.5%

Statistic 38

The global arts and cultural event services market is projected to grow at a CAGR of 7.8% through 2030

Statistic 39

The global environmental consulting services industry is projected to reach over $50 billion by 2025, driven by increasing industries' focus on sustainability

Statistic 40

The IT outsourcing market is forecasted to reach $413 billion by 2027, growing at a CAGR of 4.6%

Statistic 41

The global music streaming service industry is valued at over $35 billion in 2022, with substantial year-on-year growth

Statistic 42

The hospitality industry generated revenue of approximately $4.8 trillion globally in 2022

Statistic 43

The global tourism industry, largely based on services, generated revenues of over $1.9 trillion in 2022

Statistic 44

The global airline passenger services industry generated revenue of $538 billion in 2022

Statistic 45

The global sports and recreation services market is projected to reach $750 billion by 2025

Statistic 46

The global travel and tourism services industry recovery post-pandemic is expected to grow at a CAGR of 9.1% through 2024

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Key Highlights

  • The global services industry accounted for approximately 65% of the world's GDP in 2022
  • The U.S. services sector contributed about 70% of the country's GDP in 2022
  • The global IT services market is projected to reach $1.3 trillion by 2025, a compound annual growth rate (CAGR) of 8.4%
  • The hospitality industry generated revenue of approximately $4.8 trillion globally in 2022
  • Approximately 41% of global GDP is generated by the wholesale and retail trade sector, which falls under the services industry
  • The global consulting services market was valued at nearly $250 billion in 2022
  • The healthcare services sector is projected to grow at a CAGR of 7.9% from 2023 to 2030
  • The global education services industry is valued at over $4 trillion, with significant growth expected post-pandemic
  • The global financial services industry will reach a valuation of $26 trillion by 2025
  • The e-learning market, a subset of education services, is expected to grow at a CAGR of 10.3% through 2027
  • The global logistics and transportation services market was valued at $5.2 trillion in 2022
  • The professional services sector, including legal, accounting, and engineering, makes up approximately 10% of the GDP in advanced economies
  • The global tourism industry, largely based on services, generated revenues of over $1.9 trillion in 2022

Did you know that the services industry now accounts for approximately 65% of the world’s GDP in 2022, with sectors like IT, healthcare, and hospitality experiencing unprecedented growth and shaping the global economy?

Business Support, Consulting, and Professional Services

  • The professional services sector, including legal, accounting, and engineering, makes up approximately 10% of the GDP in advanced economies

Business Support, Consulting, and Professional Services Interpretation

The professional services sector, comprising legal, accounting, and engineering firms, underscores its critical role in advanced economies by contributing roughly 10% of GDP—highlighting that expertise truly pays off in the economy's blueprint.

Healthcare and Education Services

  • The healthcare services sector is projected to grow at a CAGR of 7.9% from 2023 to 2030
  • The global education services industry is valued at over $4 trillion, with significant growth expected post-pandemic
  • The e-learning market, a subset of education services, is expected to grow at a CAGR of 10.3% through 2027
  • The global medical device services sector is valued at over $200 billion, with growth driven by aging populations

Healthcare and Education Services Interpretation

As the healthcare and education sectors amass trillions and evolve at double-digit CAGR, it’s clear that in the service economy, caring and learning are becoming not just matters of necessity but of strategic growth, especially as aging populations and digital innovation reshape the landscape.

Services Industry Overview

  • The global services industry accounted for approximately 65% of the world's GDP in 2022
  • The U.S. services sector contributed about 70% of the country's GDP in 2022
  • The global IT services market is projected to reach $1.3 trillion by 2025, a compound annual growth rate (CAGR) of 8.4%
  • Approximately 41% of global GDP is generated by the wholesale and retail trade sector, which falls under the services industry
  • The global consulting services market was valued at nearly $250 billion in 2022
  • The global financial services industry will reach a valuation of $26 trillion by 2025
  • The global logistics and transportation services market was valued at $5.2 trillion in 2022
  • The global digital marketing services industry is projected to be worth $517 billion by 2023
  • The global cybersecurity services market is expected to reach $165 billion by 2027, with a CAGR of 10%
  • The online food delivery services industry expanded by nearly 15% annually from 2018 to 2022
  • The global event management services sector is projected to grow at a CAGR of 11.7% from 2022 to 2030
  • The global legal services market was valued at $840 billion in 2022, with a forecasted growth rate of 4.2% annually
  • The worldwide gaming & eSports services sector is valued at over $2.8 billion in 2023, with significant growth expected
  • The global architecture and engineering services market is anticipated to grow at a CAGR of 4.5% from 2022 to 2028
  • The interior design services industry grew by approximately 6% globally in 2022
  • The global advertising services industry was valued at over $600 billion in 2022, with digital advertising comprising a significant share
  • The global translation and localization services sector is worth approximately $50 billion annually, with growth driven by international trade
  • The global event security services market is projected to grow at a CAGR of 9% through 2030
  • The global cleaning services industry is valued at approximately $61 billion as of 2022, with steady growth expected
  • The global rental and leasing services market is expected to reach $1.2 trillion by 2027
  • The global customer experience management (CEM) services market is projected to grow at a CAGR of 17.5% from 2023 to 2030
  • The worldwide pet services industry, including grooming and boarding, is valued at over $7 billion in 2023
  • The global environmental consulting services market is projected to reach $50 billion by 2025, growing at a CAGR of 4.9%
  • The global real estate services sector, including brokerage and property management, is valued at over $400 billion in 2023
  • The global waste management services industry is valued at approximately $1.4 trillion in 2022, driven by increased urbanization and regulation
  • The global content moderation services industry is projected to grow significantly, reaching a valuation of $10 billion by 2026
  • The telecommunication services industry holds a market size of over $1.7 trillion globally as of 2023
  • The global cloud computing services industry is forecasted to grow at a CAGR of 15.7% from 2023 to 2028, reaching over $1.2 trillion
  • The global business process outsourcing (BPO) industry is valued at over $290 billion as of 2023, with Asia-Pacific being a major hub
  • The global digital payment services industry is projected to reach $8.5 trillion in transaction volume by 2025
  • The global subscription box services industry grew by 20% annually from 2018 to 2022, reaching a market size of over $15 billion
  • The global sports betting services market is expected to reach $155 billion by 2028, with a CAGR of 9.5%
  • The global arts and cultural event services market is projected to grow at a CAGR of 7.8% through 2030
  • The global environmental consulting services industry is projected to reach over $50 billion by 2025, driven by increasing industries' focus on sustainability

Services Industry Overview Interpretation

With services comprising over 65% of global GDP and fueling industries from cybersecurity to pet care at exponential growth rates, it's clear that in the digital age, the real economy has become a service economy—so much so that ignoring this sector is like trying to run a 21st-century business with a rotary phone.

Technology and Digital Services

  • The IT outsourcing market is forecasted to reach $413 billion by 2027, growing at a CAGR of 4.6%
  • The global music streaming service industry is valued at over $35 billion in 2022, with substantial year-on-year growth

Technology and Digital Services Interpretation

As the services industry continues its exponential ascent, with IT outsourcing set to hit $413 billion by 2027 and music streaming booming past $35 billion, it's clear that digital transformation and entertainment are duo drivers orchestrating the future of global commerce.

Travel, Hospitality, and Leisure Services

  • The hospitality industry generated revenue of approximately $4.8 trillion globally in 2022
  • The global tourism industry, largely based on services, generated revenues of over $1.9 trillion in 2022
  • The global airline passenger services industry generated revenue of $538 billion in 2022
  • The global sports and recreation services market is projected to reach $750 billion by 2025
  • The global travel and tourism services industry recovery post-pandemic is expected to grow at a CAGR of 9.1% through 2024

Travel, Hospitality, and Leisure Services Interpretation

With nearly $4.8 trillion in 2022, the services industry—spanning hospitality, tourism, airlines, and recreation—demonstrates that in a world eager to explore, spending on experiences remains both resilient and skyrocketing, even as it charts its steady post-pandemic rebound.