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Follow on Google News | Market Report, "Sweden Information Technology Report Q1 2011", publishedNew Computer Technology market report from Business Monitor International: "Sweden Information Technology Report Q1 2011"
The IT market should consolidate a recovery in 2010 after contracting by around 6% in 2009 due to the economic situation, which hit business spending in particular. Demand from the public sector was more stable. Swedish IT spending is projected to record single-digit growth in 2011 with a boost from computer for schools purchases and growing interest in cloud computing services. Industry Developments Swedish computer purchases are expected to grow to around 550,000 units by 2012, according to vendor projection. The increased rate of procurement is being driven by a transition towards the provision of a computer for each student in Swedish schools. In November 2010, the Swedish Customs service (Tullverket) Competitive Landscape In 2010 Capgemini succeeded in winning a tender for IT consultancy services from the Swedish Social Insurance Agency (Forsakringskassan.) The drive to leverage emerging technologies such as cloud computing will support IT spending in the financial services sector. In April 2010, IBM announced it signed a new six-year IT services agreement with Nordea, the leading bank in the Nordic region. The agreement, which runs through 2015, includes a commitment by IBM to help Nordea utilise cloud computing. Meanwhile, EDB Business Partner signed an agreement with FOREX Bank for the delivery of banking software solutions as a service. Computer Sales BMI forecasts Sweden's addressable computer hardware market will be worth around US$3.4bn in 2011, up from US$3.2bn in 2010. Total PC revenues, including notebooks, desktops and accessories, are expected to rise to US$3.3bn by 2015 at a CAGR of 4%. In 2011, Sweden PC sales are expected to receive a boost from school computer purchases, while business segment shipments should also grow, building on a stabilisation of the enterprise market in 2010, after global economic headwinds had an impact on demand during the previous year. Software In 2011, Sweden's software market sales are projected by BMI at US$5.1bn and, despite the uncertain economic conditions, revenues are expected to rise to US$5.8bn in 2015. Software CAGR from 2011- 2015 should be in the region of 4%. Drivers of software spending by Swedish companies include increasing the efficiency of global supply chains and logistics functions. The Swedish software market managed to record low single-digit growth in 2009, despite the economic headwinds. Cloud computing services such as Software-as- Services Sweden's IT services spending is forecast to reach around US$7.5bn in 2011. The economic crisis and political uncertainty had an impact in 2009, with projects being put on hold, but demand stablised in 2010. Sectoral CAGR is projected at 5% over the forecast period, as the market reaches US$9.3bn by 2015. Demand for IT services such as systems integration and consulting made a moderate recovery in 2010, after the economic crisis had meant reduced spending in some key IT services verticals that had driven IT spending. The public sector was one segment where demand held up relatively well, but in 2011 there should more spending by sectors such as financial services, retail, and telecoms. For more information or to purchase this report, go to: - http://www.fastmr.com/ 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/ 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. # # # 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. End
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