Sweden ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Sweden ICT Market is segmented by type (hardware, software, IT services, and telecommunication services), by size of enterprise (small and medium enterprises, large enterprises), and by end-user vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing, Energy, and Utilities). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Sweden ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Sweden ICT Industry Overview

Sweden's ICT market is moderately competitive and moving toward fragmentation, as the market currently consists of various significant players. Several key players in the ICT market are making constant efforts to bring about advancements. Some of the key developments in the market are:

In January 2023, Concordia University in Montreal will collaborate on its new Applied AI Institute with Sweden's artificial intelligence center. AI Sweden, situated in Gothenburg, has been collaborating with the Canadian school for over a year to finalize the collaboration, which will focus on decentralized artificial intelligence and federated learning. Certain projects will focus on joint research, teaching, and learning in areas of mutual interest, such as sharing scientific information, letting faculty and students move around, and letting students move around.

In February 2022, Mila, the world's largest academic deep learning research facility, announced a collaboration with AI Sweden, the Swedish national center for applied artificial intelligence. Since the fall of 2021, AI Sweden and Mila have worked together to create synergies that will improve the connection between the two countries and give Sweden an edge in AI.

Sweden ICT Market Leaders

  1. IBM Corporation

  2. Oracle

  3. Cisco Systems

  4. Amazon

  5. Microsoft Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Screenshot 2023-01-24 023351.png