Recently released market study: Sweden Information Technology Report Q4 2010

New Computer Technology market report from Business Monitor International: "Sweden Information Technology Report Q4 2010"
 
Oct. 18, 2010 - PRLog -- The Swedish IT market is largest in the Nordic region and, despite current economic headwinds, is projected to grow at a compound annual growth rate (CAGR) of 4% over the 2010-2014 period. The addressable domestic market for IT products and services is projected by BMI to reach US$14.9bn in 2010 and US$17.7bn by 2014.

The overall Sweden IT market outlook in 2010 is one of moderate recovery. In our core IT forecast scenario, IT market growth will be around 4% in 2010. Some major IT services agreements were signed or renewed in January-April 2010, while higher profits for banks in 2010 have been reflected in new IT contracts for IT upgrades, solutions and managed services.

The Swedish IT market dipped by around 6% in 2009 due to the global economic crisis, which hit business spending in particular. Over BMI's five-year forecast period, however, vendors should benefit from a growing emphasis on cost efficiency as export-oriented Swedish enterprises look to enhance productivity through automation.

Computer Sales

BMI forecasts that Sweden's addressable computer hardware market will be worth around US$3.1bn in 2010, up from US$2.9bn in 2009. Total PC revenues, including notebooks, desktops and accessories, are estimated at US$2.5bn and are expected to rise to US$3.0bn by 2014 at a CAGR of 5%.

Software

In 2010, Sweden's market software sales are projected by BMI at US$4.6bn and, despite the uncertain economic conditions, revenues are expected to rise to US$5.3bn in 2014. Software CAGR from 2010- 2014 should be about 3%. Drivers of software spending by Swedish companies include increasing the efficiency of global supply chains and logistics functions.

Services

Sweden's IT services spending is forecast to reach around US$7.2bn in 2010, up from US$6.9bn in 2009. The economic crisis and political uncertainty had an impact in 2009, with projects being put on hold, but demand is expected to steady in 2010. Sectoral CAGR is projected at 4% over the forecast period, as the market reaches US$8.5bn by 2014.

Competitive Landscape

Acer and HP are leaders in the Swedish PC market, ahead of Dell, Lenovo and Fujitsu Siemens. In 2009, China's Lenovo expanded its Swedish distribution network, adopting a multi-channel approach. In September, the company launched a cooperation with regional telecoms leader Telenor to launch eight laptop models. The cooperation covered Norway and Denmark as well as Sweden.

Industry Developments

IT companies have expressed fears a Swedish government proposal concerning comprehensive signals surveillance could damage Sweden's competitiveness as an IT nation. The Lex Orwell proposal requires Swedish telecoms operators to cover costs for channelling traffic to so called 'cooperation points'. Vendors have argued that the legislation could hit foreign investment in sectors such as data storage and telecommunications.

E-Readiness

Sweden has one of the most mature telecoms market in Europe, having been among the first to liberalise the provision of basic services as early as the mid-1980s. Despite this, its relatively small size and geographically dispersed population and business centres mean major foreign investors have been reluctant to establish a presence in the telecoms market.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/88507_sweden_information_techn...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Sweden IT Sector SWOT
- Sweden Political SWOT
- Sweden Economic SWOT
Europe Regional IT Markets Overview
Sweden Market Overview
- Government Authority
- Background
- Hardware
- Software
- Services
- Vertical Focus: Banking and Financial Services
- Industry Developments
Industry Forecast Scenario
- Table: Sweden IT Sector (US$mn Unless Otherwise Stated)
- Internet
- Table: Telecoms Sector - Internet - Historical Data & Forecasts
Macroeconomic Forecast
- Table: Sweden - Economic Activity
Competitive Landscape
- Hardware
- Software
Country Snapshot: Sweden Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- How We Generate Our Industry Forecasts
- IT Industry
- IT Ratings - Methodology
- Table: IT Business Environment Indicators
- Weighting
- Table: Weighting Of Components
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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Tags:Swedish, Software, Telecoms, Cagr, Hardware, Cooperation, Computer, pc, Education, Weighting
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