According to Forrester’s European Tech Market Outlook, IT investments in the Nordics increased by 4.8 percent during 2017 compared to last year and is estimated to reach 66 billion Euro, twice as much compared to other European countries such as Germany and the UK. Business tech alone, including CRM-systems, marketing automation, e-commerce, is expected to grow by 6 percent the coming year.
Being one of the world’s most innovative country, Sweden is a leading country for start-ups, especially within Fintech, IoT and Gaming. In terms of unicorns per capita, Stockholm ranks 2nd, right behind the leader Silicon Valley. Being the best country in the world for doing business according to Forbes 2017, it is easy to set up and run a company, with no restrictions on foreign ownership or need for local partners.
In addition, Swedish IT and Telecom Industry Association reports that Sweden needs 30,000 IT professionals, a figure expected to double by 2020.
All in all, there is an increased demand for IT services on a growing market offering a vibrant start-up community.
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Find out more: European Tech Market Outlook, Sweden – a key driver of Nordic ICT growth and Swedish IT and Telecom Industries.