Forecast: Production Value of Software Publishing in Sweden

The software publishing production value in Sweden has showcased a dynamic trend over the last decade, reflecting periods of significant growth interspersed with occasional declines. As of 2023, the recorded value stood at 6.77 billion euros. From 2013 to 2023, the sector experienced both robust increases and slight contractions, with notable growth spurts in 2015 (19.27%), 2016 (16.01%), and especially 2019 (48.27%). Conversely, 2014 and 2018 saw reductions, with the former year recording a 5.01% decline and the latter a notable 12.24% drop. Looking at the longer-term trajectory, the sector's 5-year Compound Annual Growth Rate (CAGR) for the period leading up to 2023 was 13.85%. Going forward, the forecasted 5-year CAGR from 2024 to 2028 is expected to be 4.94%, indicating a steady but more moderate pace of growth compared to previous spikes. The forecasted year-on-year rises reflect continued growth, with 2028 expected to reach 9.26 billion euros, representing a 27.26% growth from 2024.

Future trends to watch for:

• Increased digital transformation across industries driving higher demand for software solutions.
• Advancements in AI and machine learning influencing new software capabilities and offerings.
• Potential market saturation or economic fluctuations impacting growth rates in the medium term.
• Emerging technologies such as blockchain, VR/AR, and the Internet of Things (IoT) creating new opportunities within the software publishing realm.