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The Danish IT sector from an Indian Investment Perspective – Version 2

This report aims to provide a broad overview of the Danish IT sector against the background of the larger Nordic region. It spotlights Nordics as highly developed society, with Denmark as one of the easiest place for doing business.

Developed in association with INVEST IN DENMARK, Govt of Denmark, the report raises awareness on Denmark’s economy & IT landscape, opportunities across various sectors, recommendations on do’s and don’ts, business culture and prevalent models for go-to-market. The intent of the report is to create a well - informed starting point for companies that are interested in serving the Nordic market through Denmark as a gateway.

The Version 2 of the report provides an update on Denmark's economic development. It also pays specific attention to Denmark's leading position in Sustainability & Green Tech as main drivers for change in the Business environment leading to increased investments in IT.

The report is supported by Ministry of Electronics & IT, GOI

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Key Findings

Nordics, a high potential market for technology players from India
  • As a region the Nordics is a US $1.78 Trillion economy and 10th largest globally. It enjoys a higher GDP growth compared to the EU average.
  • It has more than 50 companies with revenue above USD 10 Billion and about 250 above USD 1 Billion – underscoring a great opportunity for Indian tech companies
Denmark, one of the easiest place to do business
  • Denmark is consistently ranked as one of the easiest places to do business.
  • Denmark is also facing a shortage of skilled professionals that is driving optimization of resource utilization and more offshoring opportunities. The rapid digitization of industries demands a skilled workforce proficient in IT. With a growing emphasis on automation, data analysis, and cybersecurity, businesses are seeking IT professionals to drive innovation and maintain secure systems.
  • The Danish government and organizations are trying to address the issue by promoting STEM education, training programs, attracting international talent, and encouraging collaborations between academia and industry.
  • Setting up a company, seeking work permits, hiring and letting go are also relatively easier as compared to other parts of EU.
Denmark’s pole position in Sustainability and commitment to Green transformation agenda
  • A highly trusting society, Denmark’s commitment to the Green Transformation agenda & Sustainability is well known and can open a host of opportunities for Indian tech players to create a win-win partnership.
  • Increased demand for sustainable IT solutions: EU’s Corporate Sustainability Reporting Directive is driving companies across industries, including the IT sector, to prioritize sustainability in their operations. Thereby leading to growing demand for sustainable IT solutions, such as energy-efficient hardware, eco-friendly software development practices, and responsible data management.
Denmark’s pole position in areas like quantum computing, robotics, AI- can add tremendous value to Indian
  • These capabilities can add tremendous value in Indian tech industry’s capability building
  • Collaboration opportunities exist for research & development, and partner with universities.

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The Danish IT sector from an Indian Investment Perspective

The Danish IT sector from an Indian Investment Perspective

Developed in association with INVEST IN DENMARK, Govt of Denmark, the report provides a broad overview of the Nordic region and specifically raises awareness on Denmark’s economy…

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