Market Study: The Swedish Market for IT services


Sweden is one of the most technologically advanced countries in the world. It is the birthplace of many well-known global tech brands in various sectors that play a leading role in the world. It is an ever-growing industry with a great need for expertise.

Despite the fact that Sweden has come a long way, some big challenges still remain. The need for processing and analysing big data is rising. The biggest challenge is the great lack of IT skills. Most competencies are still in high demand, such as system developers. The shortage of skills is also significant in the gaming market, which continues to grow rapidly. The opportunities that arise through these shortcomings make Sweden an important growth geography for international digital talent.

About the Swedish market

  • In Sweden, there is a high demand for IT services and a shortage of skills.
  • Sweden is one of the most technologically advanced countries in the world, but imports and partnerships with companies outside of Sweden are essential for the industry.
  • Cybersecurity, AI competencies, gaming and fintech are some of the subsectors where the need for products and services is growing.

Growing demand in several IT subsectors

New technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Machine learning (ML), Blockchain, and Big Data have seen tremendous growth during recent years. In the Nordic countries, IoT and cognitive systems such as AI and ML, grew at a whopping rate of 65% and 68% respectively, and in Sweden at a rate of 70% and 56% respectively.

The Nordic IT services market has been estimated at $29.5 billion in 2023.


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