Sweden Ict Market

Sweden ICT market, valued at USD 27 billion, is propelled by digital initiatives, cloud adoption, and 5G infrastructure, with strong growth in telecommunication services and large enterprises.

Region:Europe

Author(s):Dev

Product Code:KRAC0348

Pages:93

Published On:August 2025

About the Report

Base Year 2024

Sweden ICT Market Overview

  • The Sweden ICT market is valued at USD 27 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for digital transformation across various sectors, the rise of cloud computing, and the expansion of mobile and broadband services. The market has seen significant investments in technology infrastructure, which has further fueled its expansion .
  • Key cities such as Stockholm, Gothenburg, and Malmö dominate the market due to their robust technology ecosystems, high concentration of tech startups, and strong support from government initiatives. Stockholm, in particular, is recognized as a leading tech hub in Europe, attracting both talent and investment, which contributes to its market leadership .
  • The Swedish government has implemented a comprehensive digital strategy to enhance the country's digital infrastructure and promote the use of digital technologies in public services. This includes substantial budget allocations to support digital innovation and improve cybersecurity measures across various sectors .
Sweden Ict Market Size

Sweden ICT Market Segmentation

By Type:

Sweden Ict Market segmentation by Type.

The Sweden ICT market is segmented into four main types: Hardware, Software, IT Services, and Telecommunication Services. Among these, Telecommunication Services is a leading sub-segment, driven by the country's advanced digital infrastructure, widespread adoption of 5G technology, and high mobile and broadband penetration. IT Services and Software also show strong growth, particularly in areas like enterprise software, SaaS solutions, and IT consulting, as organizations seek to enhance operational efficiency and digital capabilities .

By Size of Enterprise:

Sweden Ict Market segmentation by Size of Enterprise.

The market is also segmented by the size of enterprises, which includes Small and Medium Enterprises (SMEs) and Large Enterprises. SMEs are increasingly adopting ICT solutions to enhance their operational efficiency and competitiveness, contributing significantly to market growth. However, Large Enterprises dominate the market due to their substantial IT budgets and the need for comprehensive ICT solutions to manage complex operations. The trend of digital transformation is pushing both segments to invest in advanced technologies, but Large Enterprises tend to lead in terms of overall expenditure .

Sweden ICT Market Competitive Landscape

The Sweden ICT market is characterized by a dynamic mix of regional and international players. Leading participants such as Ericsson, Telia Company, TietoEVRY, Atea AB, Addnode Group, Sectra AB, Clavister, Visma, Qlik, IFS AB, Cybercom Group, Cygni, NetEnt, Kinnevik AB, Microsoft Sweden contribute to innovation, geographic expansion, and service delivery in this space.

Ericsson

1876

Stockholm, Sweden

Telia Company

2002

Stockholm, Sweden

TietoEVRY

2019

Espoo, Finland

Atea AB

1961

Stockholm, Sweden

Addnode Group

1988

Stockholm, Sweden

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Market Share (%)

Customer Acquisition Cost

Customer Retention Rate

Market Penetration Rate

Sweden Ict Market Industry Analysis

Growth Drivers

  • Increasing Digital Transformation Initiatives:The Swedish government has allocated approximately SEK 1.5 billion (around USD 150 million) for digital transformation projects in future. This funding aims to enhance public sector efficiency and improve citizen services. Additionally, over 70% of Swedish companies are investing in digital technologies, reflecting a robust commitment to modernization. This trend is expected to drive significant growth in the ICT sector, as businesses seek to leverage technology for competitive advantage.
  • Rising Demand for Cloud Computing Services:The cloud computing market in Sweden is projected to reach SEK 30 billion (approximately USD 3 billion) in future, driven by increased adoption among SMEs and large enterprises. With over 60% of organizations migrating to cloud solutions, the demand for scalable and flexible IT infrastructure is surging. This shift is further supported by the Swedish government's initiatives to promote cloud-first strategies, enhancing the overall ICT landscape.
  • Expansion of 5G Infrastructure:Sweden is investing around SEK 10 billion (approximately USD 1 billion) in 5G infrastructure development in future. This expansion is expected to cover 90% of the population by the end of the year, facilitating faster internet speeds and improved connectivity. The rollout of 5G technology is anticipated to boost various sectors, including IoT, healthcare, and smart cities, thereby driving growth in the ICT market significantly.

Market Challenges

  • High Competition Among Service Providers:The Swedish ICT market is characterized by intense competition, with over 1,200 registered ICT companies vying for market share. This saturation leads to price wars and reduced profit margins, making it challenging for new entrants to establish themselves. As companies strive to differentiate their services, the pressure to innovate and invest in advanced technologies increases, further complicating the competitive landscape.
  • Regulatory Compliance Costs:Compliance with regulations such as GDPR incurs significant costs for Swedish ICT companies, estimated at SEK 2 billion (approximately USD 200 million) annually. These expenses include legal fees, technology upgrades, and training programs to ensure adherence to data protection laws. As regulations evolve, companies face ongoing financial burdens, which can hinder their ability to invest in growth and innovation within the sector.

Sweden Ict Market Future Outlook

The future of the Swedish ICT market appears promising, driven by ongoing digital transformation and technological advancements. With the government’s commitment to enhancing digital infrastructure and the increasing adoption of AI and IoT technologies, the sector is poised for substantial growth. Additionally, the focus on cybersecurity and data privacy will likely shape new service offerings, creating a dynamic environment for innovation and investment in the coming years.

Market Opportunities

  • Growth in E-Government Services:The Swedish government plans to invest SEK 1 billion (approximately USD 100 million) in e-government services in future. This investment aims to enhance citizen engagement and streamline public services, presenting significant opportunities for ICT providers to develop innovative solutions that improve accessibility and efficiency in government operations.
  • Increased Investment in Smart Cities:Sweden is projected to allocate SEK 5 billion (around USD 500 million) towards smart city initiatives in future. This investment will focus on sustainable urban development, integrating ICT solutions for transportation, energy management, and public safety. The growing emphasis on smart city projects offers ICT companies a lucrative opportunity to provide cutting-edge technologies and services.

Scope of the Report

SegmentSub-Segments
By Type

Hardware

Software

IT Services

Telecommunication Services

By Size of Enterprise

Small and Medium Enterprises (SMEs)

Large Enterprises

By Industry Vertical

BFSI (Banking, Financial Services & Insurance)

IT and Telecom

Government

Retail and E-commerce

Manufacturing

Energy and Utilities

Other Industry Verticals

By Geography

Stockholm

Gothenburg

Malmö

Other Regions

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Swedish Post and Telecom Authority, Swedish Financial Supervisory Authority)

Telecommunications Service Providers

Software Development Companies

Cybersecurity Firms

Cloud Service Providers

Data Center Operators

Technology Startups

Players Mentioned in the Report:

Ericsson

Telia Company

TietoEVRY

Atea AB

Addnode Group

Sectra AB

Clavister

Visma

Qlik

IFS AB

Cybercom Group

Cygni

NetEnt

Kinnevik AB

Microsoft Sweden

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Sweden Ict Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Sweden Ict Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Sweden Ict Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Digital Transformation Initiatives
3.1.2 Rising Demand for Cloud Computing Services
3.1.3 Expansion of 5G Infrastructure
3.1.4 Growing Cybersecurity Concerns

3.2 Market Challenges

3.2.1 High Competition Among Service Providers
3.2.2 Regulatory Compliance Costs
3.2.3 Rapid Technological Changes
3.2.4 Talent Shortage in ICT Sector

3.3 Market Opportunities

3.3.1 Growth in E-Government Services
3.3.2 Increased Investment in Smart Cities
3.3.3 Expansion of Internet of Things (IoT) Applications
3.3.4 Development of Artificial Intelligence Solutions

3.4 Market Trends

3.4.1 Shift Towards Remote Work Solutions
3.4.2 Adoption of Green IT Practices
3.4.3 Integration of AI in Business Processes
3.4.4 Focus on Data Privacy and Protection

3.5 Government Regulation

3.5.1 GDPR Compliance Requirements
3.5.2 Cybersecurity Act Regulations
3.5.3 Digital Services Act Implementation
3.5.4 Telecommunications Act Updates

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Sweden Ict Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Sweden Ict Market Segmentation

8.1 By Type

8.1.1 Hardware
8.1.2 Software
8.1.3 IT Services
8.1.4 Telecommunication Services

8.2 By Size of Enterprise

8.2.1 Small and Medium Enterprises (SMEs)
8.2.2 Large Enterprises

8.3 By Industry Vertical

8.3.1 BFSI (Banking, Financial Services & Insurance)
8.3.2 IT and Telecom
8.3.3 Government
8.3.4 Retail and E-commerce
8.3.5 Manufacturing
8.3.6 Energy and Utilities
8.3.7 Other Industry Verticals

8.4 By Geography

8.4.1 Stockholm
8.4.2 Gothenburg
8.4.3 Malmö
8.4.4 Other Regions

9. Sweden Ict Market Competitive Analysis

9.1 Market Share of Key Players

9.2 KPIs for Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Market Share (%)
9.2.5 Customer Acquisition Cost
9.2.6 Customer Retention Rate
9.2.7 Market Penetration Rate
9.2.8 Average Deal Size
9.2.9 Pricing Strategy
9.2.10 Service Level Agreement (SLA) Compliance
9.2.11 Net Promoter Score (NPS)
9.2.12 R&D Investment (% of Revenue)
9.2.13 Digital Transformation Index
9.2.14 Employee Headcount

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Ericsson
9.5.2 Telia Company
9.5.3 TietoEVRY
9.5.4 Atea AB
9.5.5 Addnode Group
9.5.6 Sectra AB
9.5.7 Clavister
9.5.8 Visma
9.5.9 Qlik
9.5.10 IFS AB
9.5.11 Cybercom Group
9.5.12 Cygni
9.5.13 NetEnt
9.5.14 Kinnevik AB
9.5.15 Microsoft Sweden

10. Sweden Ict Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Digital Infrastructure Investments
10.1.2 E-Government Service Procurement
10.1.3 Cybersecurity Initiatives
10.1.4 ICT Training Programs

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 IT Infrastructure Upgrades
10.2.2 Cloud Service Expenditures
10.2.3 Cybersecurity Investments

10.3 Pain Point Analysis by End-User Category

10.3.1 Integration Challenges
10.3.2 Data Privacy Concerns
10.3.3 Cost Management Issues

10.4 User Readiness for Adoption

10.4.1 Training and Support Needs
10.4.2 Technology Familiarity

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Performance Metrics Evaluation
10.5.2 Scalability Considerations
10.5.3 User Feedback Mechanisms

11. Sweden Ict Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Value Proposition Development

1.3 Revenue Streams Analysis

1.4 Cost Structure Evaluation

1.5 Key Partnerships Exploration

1.6 Customer Segments Definition

1.7 Channels Strategy


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs

2.3 Target Audience Identification

2.4 Communication Strategy

2.5 Digital Marketing Tactics


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups

3.3 E-commerce Integration

3.4 Direct Sales Approaches


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands Analysis

4.3 Competitive Pricing Strategies


5. Unmet Demand & Latent Needs

5.1 Category Gaps Identification

5.2 Consumer Segments Analysis

5.3 Emerging Trends Exploration


6. Customer Relationship

6.1 Loyalty Programs Development

6.2 After-sales Service Enhancements

6.3 Customer Feedback Mechanisms


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains

7.3 Unique Selling Points


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Efforts

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix Considerations
9.1.2 Pricing Band Strategy
9.1.3 Packaging Options

9.2 Export Entry Strategy

9.2.1 Target Countries Identification
9.2.2 Compliance Roadmap Development

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model Evaluation


11. Capital and Timeline Estimation

11.1 Capital Requirements Analysis

11.2 Timelines for Implementation


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability Strategies


14. Potential Partner List

14.1 Distributors Identification

14.2 Joint Ventures Opportunities

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from Swedish ICT associations and government publications
  • Review of market trends and forecasts from reputable market research firms
  • Examination of academic journals and white papers focusing on ICT innovations in Sweden

Primary Research

  • Interviews with key stakeholders in the Swedish ICT sector, including CEOs and CTOs
  • Surveys targeting IT managers and decision-makers in various industries
  • Focus groups with technology users to gather insights on market needs and preferences

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including government statistics and industry reports
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews and feedback sessions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total ICT market size based on national GDP contribution from the technology sector
  • Segmentation of the market by key verticals such as telecommunications, software, and hardware
  • Incorporation of government initiatives promoting digital transformation and innovation

Bottom-up Modeling

  • Collection of firm-level revenue data from leading ICT companies operating in Sweden
  • Estimation of market share based on product offerings and service capabilities
  • Volume and pricing analysis to derive revenue projections for emerging technologies

Forecasting & Scenario Analysis

  • Utilization of econometric models to project growth based on historical data and market trends
  • Scenario planning considering factors such as regulatory changes and technological advancements
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Telecommunications Services100Network Engineers, Service Managers
Software Development Firms80Product Managers, Software Architects
Cybersecurity Solutions60Security Analysts, IT Compliance Officers
Cloud Computing Providers50Cloud Solutions Architects, Business Development Managers
Emerging Technologies (AI, IoT)40Innovation Managers, R&D Directors

Frequently Asked Questions

What is the current value of the Sweden ICT market?

The Sweden ICT market is valued at approximately USD 27 billion, reflecting significant growth driven by digital transformation, cloud computing, and enhanced mobile and broadband services. This valuation is based on a comprehensive five-year historical analysis.

Which cities are the main hubs for the Sweden ICT market?

What are the main segments of the Sweden ICT market?

How is the Sweden ICT market affected by government initiatives?

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