Market Insights Technology Software Enterprise Software

Other Enterprise Software - Sweden

Sweden

Revenue in the Other Enterprise Software market is projected to reach US$0.58bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.67%, resulting in a market volume of US$0.67bn by 2028.
The average Spend per Employee in the Other Enterprise Software market is projected to reach US$105.30 in 2024.
In global comparison, most revenue will be generated in the United States (US$34,310.00m in 2024).

Key regions: United States, Netherlands, Australia, South Korea, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

Other Enterprise Software solutions have been gaining traction in Sweden in recent years, offering businesses a range of tools to manage their operations and improve efficiency.

Customer preferences: Swedish businesses have shown a strong preference for cloud-based Other Enterprise Software solutions, which offer greater flexibility and scalability than traditional on-premise software. Additionally, businesses in Sweden are increasingly looking for integrated solutions that can streamline operations across different departments and functions.

Trends in the market: One of the key trends in the Other Enterprise Software market in Sweden is the rise of artificial intelligence (AI) and machine learning (ML) solutions. These technologies are being used to automate routine tasks, such as data entry and analysis, freeing up employees to focus on higher value activities. Another trend is the growing demand for mobile-first solutions, as more businesses seek to enable their employees to work from anywhere, at any time.

Local special circumstances: Sweden has a highly educated workforce and a strong culture of innovation, which has helped to drive the adoption of Other Enterprise Software solutions. Additionally, the country has a well-developed IT infrastructure, making it easier for businesses to implement and use these solutions. However, the market is also highly competitive, with a number of established players and new entrants vying for market share.

Underlying macroeconomic factors: Sweden has a strong and stable economy, with a high level of digitalization across all sectors. This has created a favorable environment for the growth of the Other Enterprise Software market. Additionally, the country has a well-educated and skilled workforce, which is able to take advantage of the latest technologies and tools. Finally, Sweden has a highly developed startup ecosystem, which has helped to drive innovation and bring new solutions to market.

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.