Between 2013 and 2023, the value added of IT services in Sweden demonstrated strong growth, starting from 99.88 Billion SEK in 2013 to 252.04 Billion SEK in 2023. The year-on-year variation exhibited significant fluctuations, such as a notable 33.8% increase in 2015 and a slight decline of -5.33% in 2016. Despite these variances, the average annual growth rate (CAGR) over the past five years up to 2023 was 7.63%.
The forecast from 2023 to 2028 suggests a steady growth trajectory, with an expected five-year CAGR of 3%, resulting in a projected value of 304.68 Billion SEK by 2028. This projected growth indicates a continued but slower expansion compared to the previous decade.
Future trends to watch for:
• Emerging technologies: The adoption of AI, IoT, and cloud computing is likely to drive further growth.
• Talent and skills gap: Addressing the shortage of skilled IT professionals will be crucial.
• Regulatory changes: Staying ahead of evolving data privacy and security regulations will be imperative.
• Digital transformation: Ongoing demand for digital solutions across various industries will fuel IT services growth.
