ますます + [verb] ますます + [i-adj 〜い → 〜く] + なる ますます + [na-adj] + になる
ますます means "more and more", "increasingly": something that is already the case grows further in the same direction. It is an adverb, so it goes before the verb or adjective, which is almost always a word of change – なる, ふえる増える, きごう〜てくる, きごう〜ている.
The direction can just as well be downward. English then says "less and less", "fewer and fewer" or "worse and worse".
In writing, ますます is sometimes spelled ますます益々.
A formal letter often opens by wishing the reader continued success. There ますます comes before a noun of state rather than a verb of change, and the whole phrase is a set formula.