The software publishing sector in Sweden exhibited significant turnover growth from 2013 to 2023, standing at 71.03 billion Swedish Kronas in 2023. The year-on-year variations reflect notable changes, with high peaks such as a 34.11% increase in 2019 and a dip in 2018. The last two years saw consistent growth with 10.61% in 2022 and 9.5% in 2023. The sector demonstrated robust performance, particularly with a Compound Annual Growth Rate (CAGR) of 14.56% over the last five years.
Future trends to watch for include:
- Potential market saturation as indicated by a predicted CAGR of 5.53% over the next five years.
- Innovation-driven growth with new software technologies and platforms.
- Increasing influence of global economic conditions and digital transformation initiatives.