From 2013 to 2023, the output of IT services in Sweden consistently increased. In 2023, the value reached 510.2 billion Swedish Kronas. The sector demonstrated strong growth with year-on-year variations peaking at 49.71% in 2015, although the average annual growth rate (CAGR) from 2018 to 2023 decreased to 7.59% from earlier highs. Recent years showed a more moderate expansion, with a 5.27% increase from 2022 to 2023.
Looking ahead, forecasted data from 2024 to 2028 suggests a slowing growth rate with an average annual increase (CAGR) of 3.44% and an overall growth rate of 18.42% over the five-year period. Future trends to watch include advancements in AI, increased demand for cybersecurity, and investments in cloud services, which may accelerate growth in the IT services market. Additionally, market consolidation and regulatory changes could impact growth trajectories.
