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Sweden: A Key driver of Nordic ICT growth

The focus of the report is on the four key Nordic economies: Sweden, Denmark, Norway and Finland. The report provides the macroeconomic performance for the region highlighting how they have stood out from their EU counterparts.  Deep insights are provided into the demands and technology trends of the IT industry in Nordics in general, and Sweden in particular.
 
This report analyses the total investments in IT, spend on ITES and BPM, technology trends, IT investment priorities of Nordic CXOs and demand, supply and price trends for specific competences in the market.

For Sweden, the report focuses on 4 key sectors in detail including manufacturing, public sector, banking, financial services and insurance (BFSI) and retail.

The report also highlights one of the fastest growing and globally trending sector in Sweden: Start-ups and the key areas of technology development.

And finally, the report provides details of setting up and running a business, along with price of key services.

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Key Findings

Economy valued at USD 1.5 Trillion

The 4 key Nordic nations account for more than 1.5 Tn USD GDP, making it the 11th largest economic area in the world.

Significant number of SME companies

While there are 250 companies in the Billion Dollar club from these countries, there is also a strong SME sector, with 3000 companies having revenues of more than USD 100 mn.

Digitizing Priorities in Manufacturing and Government

With more than USD 14Bn on IT spend, manufacturing sector is by far biggest vertical. Digitaization of government services is a priority, making it the 2nd largest sector in terms of IT spend.

Benefits of Outsourcing well understood

The benefits of IT and BPM service outsourcing is well understood in the region, with the large corporation and government entities already having contracts.

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