The IT services sector in Sweden has shown steady growth over the period from 2013 to 2023. In 2023, the sector recorded 231.34 million hours of employment. Analyzing year-on-year variations, the sector experienced significant growth spurts in years like 2019 with a 6.89% increase and 2018 with a 6.68% increase. The CAGR over the last five years (2019-2023) shows an average annual growth rate of 4.06%. The forecast for the next five years shows a slower growth rate, with a CAGR of 1.49% and a projected increase of 7.68% by 2028.
Future trends to watch:
- Further digital transformation across industries propelling demand for IT services.
- Increasing investments in AI, cloud computing, and cybersecurity.
- Potential talent shortages and shifts in workforce skills requirements.
- Impact of global economic conditions and technological advancements on sector growth.
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