Key Market Indicators
Sweden's IT services export industry is poised for significant growth, with projections indicating a surge to approximately €70 billion by 2028. This marks a substantial increase from the €54 billion recorded in 2023, reflecting an average annual growth rate of 4.2%. Historically, Sweden has demonstrated robust expansion in this sector. Since 1998, the nation's IT services export supply has grown at an impressive annual rate of 9.3%. In the global arena, Sweden ranked seventh in 2023. However, Switzerland surpassed Sweden, also reporting exports valued at €54 billion. The top contenders in this sector were France, the United Kingdom, and Italy, occupying the second, third, and fourth positions, respectively.
