Market Report, "Sweden Information Technology Report Q1 2015", published

Sweden is one of the most advanced IT markets globally, with a high penetration of devices among consumers and enterprises (including tablets), as well as high adoption rates for software and services . The high penetration of IT products and solutions , along with high incomes, make Sweden a highly lucrative market on per ca p ita term, but market maturity means growth is forecast to significantly underperform emerging markets in the region over the medium term. Despite this there are many positives including a strong local system of software firms and the coverage and capacity of supporting data network infrastructure. Meanwhile, we identify data centres, cloud computing, and real-time business software and services as medium-term growth trends in Sweden. We also highlight the potential for Sweden to be a leading adopter of labour saving smart automation and assistant technologies as a result of high labour costs and its status as a leading innovator.

Full Report Details at
- http://www.fastmr.com/prod/938449_sweden_information_technology_report_q1_2015.aspx?afid=301

Headline Expenditure Projections

Computer hardware sales are forecast to increase from SEK26.5bn in 2015 to SEK29.4bn in 2018, corresponding to a compound annual growth rate (CAGR) of 3.7% in local currency terms. Tablet boom has passed Sweden by 2015, limiting growth prospects, but it will remain a lucrative market with strong demand for premium products.

Software sales are forecast to increase from SEK39.1bn in 2015 to SEK43.6bn in 2018, corresponding to a CAGR of 3.6% in local currency terms. Expenditure on enterprise resource planning is expected to pick up from 2015 with deferred investments supplementing underlying demand.

IT services sales are forecast to increase from SEK60.8bn in 2015 to SEK71.3bn in 2018, corresponding to a CAGR of 5.4% in local currency terms. Sweden is a leading European market for cloud service adoption and further growth will drive IT service spending higher over the medium term.

Key Trends & Developments

Sweden's machine-to-machine communications (M2M)...

The Sweden Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Sweden Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Sweden.

Key Benefits

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