Forecast: Number of Employees in Software Publishing Sector in Sweden

The number of employees in the software publishing sector in Sweden has steadily increased from 2013 to 2023, reaching 19.95 thousand in 2023. This represents substantial cumulative growth from the initial 12.01 thousand in 2013. Specifically, the sector saw an upward year-on-year variation beginning from a minor decline in 2014 (-0.25%) to a high of 8.62% in 2016. Growth rates tapered slightly in the subsequent years, with recent variations showing a 4.42% increase in 2023. Over the last five years, the sector experienced a 4.93% compound annual growth rate (CAGR).

Future projections from 2024 to 2028 suggest a continuous rising trend, with the sector expected to employ 23.99 thousand people by 2028. The forecasted five-year CAGR stands at 2.91%, indicating a more moderate but still consistent growth trajectory. This translates into an estimated 15.45% growth over the five-year period.

Future trends to watch for:

• Increasing reliance on and investment in AI and machine learning technologies.
• Expanding demand for skilled tech professionals, driving employment.
• Potential regulatory changes affecting the technology sector.
• Emerging startups and accelerated innovation fueling sector growth.