The value added of software publishing in Sweden has shown considerable fluctuations over the past decade. After experiencing a peak growth rate of 28.19% in 2015, the sector faced a decrease in 2016 and 2017. However, it rebounded in 2019 with a significant 24.37% increase, followed by slight variations in subsequent years. The CAGR over the last 5 years stood at 6.89%. As of 2023, the sector's value reached 63.21 billion Swedish Kronas, indicating steady growth.
Future trends to watch for include:
- The forecasted annual growth rate from 2024 to 2028 is expected to decline to a CAGR of 2.77%, suggesting a slower but stable increase in value.
- Continuous technological advancements and increasing demand for innovative software solutions may drive growth.
- Potential market volatility due to economic factors and evolving global regulations in the tech sector.