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Sweden Information Technology Report Q1 2014

Sweden Information Technology Market: New market analysis released


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2014-02-10 00:26:01 - Sweden Information Technology Report Q1 2014 - a new market research report on companiesandmarkets.com

The IT market in Sweden is relatively strong regionally owing to the supportive economic environment, a strong local system of software firms and the strength of supporting data network infrastructure. We expect the strongest growth to come from demand for tablets and hybrids/convertibles, data centres, cloud computing and real-time business software and services. In the enterprise market, a boom in Nordic data centre development - a result of cost and legal advantages, as well as the ongoing process of harmonising EU regulations on data security and privacy - could see higher spending by strengthening Sweden´s position as a regional cloud computing hub. There is, however, downside risk from a worsening of conditions in the eurozone, which would hit consumer and

 

 

business confidence, though this is not our core scenario.

Headline Expenditure Projections:

Computer hardware sales are forecast to increase from SEK25.6bn in 2013 to SEK30.5bn in 2017, equating to a compound annual growth rate (CAGR) of 4.3% in local currency terms. Sweden is a highly developed market with high penetration of PCs and tablets, limiting growth rates, but replacement and upgrade demand will keep the market in positive growth territory.

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