The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We forecast IT spending in Sweden will increase at a CAGR of 4.2% throughout
2016-2020, reaching a total of SEK154.9bn. Swedish enterprises have traditionally been high spenders on
IT and early adopters of the latest technologies. We expect this characteristic to be repeated with cloud and
Internet of Things solutions. This software and services demand from enterprises will drive growth
throughout the medium term and compensate for the weaker outlook in the hardware segment, where PC
market saturation means growth potential is more limited.
Latest Updates And Industry Developments
? Computer Hardware Sales: Forecast to increase from SEK21.6bn in 2016 to SEK23.8bn in 2020. A
mature but lucrative market expected to exist over the medium term but smartphone cannibalisation of
PC replacement spending represents downside.
? Software Sales: Forecast to increase from SEK39.7bn in 2016 to SEK45.2bn in 2020. The core market is
mature, but growth potential exists in data analytics, cyber security and cloud solutions targeted at
? IT Services Sales: Forecast to increase from SEK70.1bn in 2016 to SEK85.9bn in 2020. The shift in
enterprise spending towards the cloud is a positive for the outlook, as is the potential of Internet of Things
solutions in Sweden.