The number of persons employed in the software publishing sector in Sweden has shown a robust upward trend since 2013. In 2023, the sector employed 24.63 thousand individuals, nearly doubling from 13.38 thousand in 2013.
Year-on-year variations highlight significant growth between 2013 and 2023. For example, 2013 saw an 8.37% increase, and 2023 experienced a 5.69% rise over the previous year. Over the last two years (2022-2023), the sector grew by approximately 6% annually.
The compounded annual growth rate (CAGR) over the last five years is 6.3%, underscoring the sustained expansion in the sector.
Future projections for the period 2024-2028 suggest a more moderate growth trajectory, with a 3.58% forecasted CAGR, leading to a projected employment of 30.92 thousand by 2028, reflecting an anticipated growth rate of 19.21% over five years.
Future trends to watch: The sector may experience technology-driven shifts due to advancements in AI and machine learning, enhanced cloud computing capabilities, and increasing investment in cybersecurity. Monitoring global market integration and regulatory developments would be essential for anticipating market dynamics.