IT Services - Sweden

  • Sweden
  • Revenue in the IT Services market is projected to reach €14.12bn in 2024.
  • IT Outsourcing dominates the market with a projected market volume of €5.44bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.16%, resulting in a market volume of €19.04bn by 2029.
  • The average Spend per Employee in the IT Services market is projected to reach €2.46k in 2024.
  • In global comparison, most revenue will be generated in the United States (€484.00bn in 2024).

Key regions: United States, China, India, Japan, Germany

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

The demand for IT services in Sweden has been on the rise in recent years.

Customer preferences:
Swedish customers are known for their preference for high-quality and innovative IT services. They place a strong emphasis on data privacy and security, which has led to an increased demand for cybersecurity services. Additionally, Swedish companies are increasingly looking to outsource their IT services to reduce costs and improve efficiency.

Trends in the market:
One of the major trends in the IT services market in Sweden is the growing adoption of cloud computing. This has led to an increased demand for cloud-based services such as Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). Another trend is the rise of digital transformation initiatives, which has led to an increased demand for IT consulting services. Additionally, there has been a growing demand for artificial intelligence (AI) and machine learning (ML) services, as companies look to leverage these technologies to improve their operations.

Local special circumstances:
Sweden has a highly developed IT infrastructure, which has helped to drive the growth of the IT services market. The country is home to many innovative startups and has a strong culture of entrepreneurship, which has led to the development of many cutting-edge IT services. Additionally, the Swedish government has been supportive of the IT industry, providing funding and other resources to help startups and established companies alike.

Underlying macroeconomic factors:
Sweden has a strong and stable economy, which has helped to drive the growth of the IT services market. The country has a highly educated workforce and a strong culture of innovation, which has led to the development of many new and innovative IT services. Additionally, the country has a high level of internet penetration, which has helped to drive the adoption of cloud-based services and other IT solutions. Overall, the IT services market in Sweden is expected to continue to grow in the coming years, driven by these and other underlying macroeconomic factors.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Veuillez patienter

Contact

Des questions ? Nous nous ferons un plaisir de vous aider.
Statista Locations
Contact Camille Dubois
Camille Dubois
Customer Relations

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (États-Unis)

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asie)

Lun - Ven, 9:00 - 17:00 h (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asie)

Lun - Ven, 10:00 - 18:00 h (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Lun - Ven, 9:00 - 18:00 h (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Amérique latine)

Lun - Ven, 9:00 - 18:00 h (EST)