The revenue in the IT services market in Sweden was forecast to continuously increase between 2023 and 2028 by in total 5.6 billion U.S. dollars (+40.59 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 19.5 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the IT services market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition: The IT Services market encompasses a wide range of services used by organizations to create, manage, and deliver information, and it includes services that provide assistance with various other business functions. The primary goal of IT services is to ensure that information technology infrastructure, applications, and systems are effectively implemented, operated, and optimized to support an organization's business objectives and requirements. The specific range of services offered may vary depending on the service provider and the client's requirements.
IT Services contains four distinct markets that are based on different services:
IT Consulting & Implementation covers advisory services that help businesses evaluate their technology strategies and align them with their business strategies or internal processes.
Business Process Outsourcing (BPO) refers to the transfer of entire business processes or individual activities from a company to a third party and is often IT based. BPO covers a wide variety of business processes, usually either in the back office (e.g., human resources) or in the front office (e.g., customer service in call centers).
IT Outsourcing refers to the external contracting of all IT-related services instead of relying on company-owned resources. In an IT context, these activities include IT administration, IT application, and web hosting services.
The Other IT Services market covers revenues for areas that are not specifically mentioned in the other markets, such as system integration, software installation and support, and IT education and training.
The IT Services market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include IBM, Cognizant, Hewlett Packard Enterprise, and TCS.
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Statista. (November 22, 2023). Revenue of the IT services market in Sweden from 2019 to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 02, 2023, from https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden
Statista. "Revenue of the IT services market in Sweden from 2019 to 2028 (in million U.S. dollars)." Chart. November 22, 2023. Statista. Accessed December 02, 2023. https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden
Statista. (2023). Revenue of the IT services market in Sweden from 2019 to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 02, 2023. https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden
Statista. "Revenue of The It Services Market in Sweden from 2019 to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 22 Nov 2023, https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden
Statista, Revenue of the IT services market in Sweden from 2019 to 2028 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden (last visited December 02, 2023)
Revenue of the IT services market in Sweden from 2019 to 2028 (in million U.S. dollars) [Graph], Statista, November 22, 2023. [Online]. Available: https://www.statista.com/forecasts/963805/it-services-revenue-in-sweden