Market Insights Technology Software Enterprise Software

Customer Relationship Management Software - Sweden

Sweden

Revenue in the Customer Relationship Management Software market is projected to reach US$0.72bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.83%, resulting in a market volume of US$1.01bn by 2028.
The average Spend per Employee in the Customer Relationship Management Software market is projected to reach US$131.40 in 2024.
In global comparison, most revenue will be generated in the United States (US$44,730.00m in 2024).

Key regions: Canada, United States, France, Netherlands, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

Sweden, known for its innovation and tech-savvy population, has seen a steady rise in the adoption of Customer Relationship Management (CRM) software in recent years.

Customer preferences: The Swedish market has shown a preference for cloud-based CRM solutions that offer flexibility and scalability. Small and medium-sized enterprises (SMEs) in particular have been quick to adopt these solutions, as they offer affordable and easy-to-use options for managing customer data.

Trends in the market: One of the key trends in the Swedish CRM market is the integration of artificial intelligence (AI) and machine learning (ML) into CRM software. This trend has been driven by the need for more personalized customer experiences and the ability to automate routine tasks. Another trend is the growing demand for mobile CRM solutions, as more businesses seek to enable their sales teams to work remotely and access customer data on the go.

Local special circumstances: Sweden has a well-established start-up ecosystem, with a focus on technology and innovation. This has led to the emergence of several homegrown CRM software providers, offering tailored solutions for the Swedish market. Additionally, the country's strict data protection laws have made businesses more cautious about storing customer data on-premises, leading to a greater adoption of cloud-based solutions.

Underlying macroeconomic factors: Sweden has a strong economy, with a high standard of living and a well-educated workforce. This has led to a highly competitive business environment, where companies are constantly seeking ways to differentiate themselves from their competitors. CRM software has become an essential tool for businesses looking to improve customer engagement and drive growth. Additionally, the country's aging population has created a need for businesses to find new ways to attract and retain younger customers, driving the adoption of CRM software that can provide personalized experiences and targeted marketing campaigns.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.