IT Consulting & Implementation - Sweden

Sweden

Revenue in the IT Consulting & Implementation market is projected to reach €0.74bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.68%, resulting in a market volume of €0.93bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach €128.60 in 2024.
In global comparison, most revenue will be generated in the United States (€25,240.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

Sweden, a country known for its innovation and technological advancements, has a thriving IT consulting and implementation market.

Customer preferences: Swedish businesses are increasingly turning to IT consulting and implementation services to optimize their operations and stay competitive. With a focus on sustainability and efficiency, Swedish companies are looking for IT solutions that can help them reduce costs and minimize their environmental impact. Additionally, there is a growing demand for cloud-based solutions and cybersecurity services to protect against cyber threats.

Trends in the market: One trend in the Swedish IT consulting and implementation market is the shift towards digital transformation. As businesses look to modernize their operations and adopt new technologies, there is a growing need for IT consulting services to help them navigate the complex landscape of digital transformation. Another trend is the rise of agile methodologies, which are becoming increasingly popular in Sweden as businesses look to improve efficiency and speed up their development processes.

Local special circumstances: Sweden has a highly skilled workforce, with a large number of IT professionals and engineers. This has helped to fuel the growth of the IT consulting and implementation market, as businesses are able to access top talent to help them implement new technologies and optimize their operations. Additionally, Sweden has a strong focus on sustainability and environmental responsibility, which has led to a growing demand for IT solutions that can help businesses reduce their carbon footprint.

Underlying macroeconomic factors: Sweden has a strong and stable economy, with a high GDP per capita and low unemployment rate. This has created a favorable business environment for IT consulting and implementation firms, as businesses are able to invest in new technologies and services to improve their operations. Additionally, Sweden has a highly developed infrastructure, including a robust telecommunications network and advanced data centers, which has helped to support the growth of the IT consulting and implementation market.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.