Sweden is a launch pad for going digital as gamechanging technologies revolutionise more and more industries. By tapping into Sweden’s world class technology skills, innovation clusters and vibrant startup scene, international companies can accelerate their journey to a connected, low-carbon future. Today’s hyper-connected world is often taken for granted and most people rarely think about what makes all the technology around us work. This may seem paradoxical given the accelerating growth of the ICT industry and global focus on digitalisation.
When it comes to using digital technologies to foster sustainable growth, productivity and social development, Sweden’s performance is second to none. Sweden has made a strong commitment to apply new technologies such as AI and IoT to solve larger societal challenges, while retaining values such as openness, collaboration, integrity and ethics. Swedish SME’s are also in the forefront when it comes to e-commerce and building sales over the internet.
The contribution of the ICT industry to Sweden’s economy, as a share of GDP, is among the highest in the world. In fact, only Ireland generates a higher share of value add around computer services.
More than quarter of a million people in Sweden are directly employed by ICT companies – but there are many more ICT professionals when counting all those engaged in digitalising other industries. According to Statistics Sweden, the digital sector accounts for 5.8 per cent of Sweden’s GDP and more than a quarter of a million people work directly with ICT companies, this jumps considerably if you add other sectors. In Stockholm, one in ten people wok in the digital tech sector, and across the country numbers continues to grow year on year, with increasing demand for international talent to support local expertise.
As a result, leading tech companies have established their business in Sweden to access the European market, set up R&D or centres of excellence, put new technologies to the test and acquire or partner with Swedish innovators. Apple, Amazon, Facebook, Fujitsu, Google, HCL, HP, IBM, Microsoft, Nvidia, Samsung and Tata are just a few global players who have invested heavily in Sweden.
Join Sweden
SETTING THE SCENE FOR GROWTHBusiness Sweden supports the continued expansion of Sweden’s tech sector by focusing on sustainable partnerships between multinationals, startups, research institutes, public agencies and other stakeholders across the entire digital technology spectrum. Our mission is to attract international companies to invest in Sweden, help them establish or expand, and access Sweden’s world class technology skills. We also help Swedish companies capture international business opportunities and grow their sales in global markets and connect innovative Swedish startups with international hotspots. |