The production value of the ICT sector in Sweden has demonstrated a steady growth trajectory from 2013 to 2023, reaching 70.12 billion Euros in 2023. The ICT sector showcased significant variances year-on-year with notable peaks in 2015 and 2020, where the production value surged by 26.98% and 8.33% respectively. The recent years, specifically 2022 and 2023, showed moderate increases of 3.67% and 3.5% respectively. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.56%, indicative of steady growth in the sector.
Future trends to watch for include the anticipated CAGR for the next five years at 2.41%, predicting a more tempered growth rate. By 2028, the sector is projected to reach 81.64 billion Euros, marking an overall forecast growth rate of 12.65%. Stakeholders should monitor advancing technologies, global economic conditions, and potential regulatory changes that could impact the ICT landscape in Sweden.
