Other Enterprise Software - Sweden

The projected revenue for the Other Enterprise Software market in Sweden is expected to reach US$538.00m in 2024.
It is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 3.11%, resulting in a market volume of US$627.00m by 2029.
Moreover, the average Spend per Employee in the Other Enterprise Software market is projected to reach US$93.72 in 2024.
When compared globally, United States is expected to generate the highest revenue with US$32.46bn in 2024.
Sweden is at the forefront of innovation in the Other Enterprise Software market, with a strong focus on sustainability and user-friendly solutions.

Definition:

The Other Enterprise Software market covers aggregated revenues for the types of enterprise software that are not specifically mentioned in the other subsegments Enterprise software segment. These include, for example, Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Products in the Other Enterprise Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Other Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Oracle, Atlassian, and ServiceNow.

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Content applications, such as Adobe Experience Manager, Semrush, and HubSpot
Performance management applications, such as PerformYard, Workday, and Monday
Workforce management software, such as ADP Workforce Now, BambooHR, and Zoho People

Enterprise resource planning software, such as Odoo, SAP Business One, NetSuite, and Microsoft Dynamics 365
Customer relationship management software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Business intelligence software, such as Toast, Heap, and insightsoftware
Supply chain management software, such as Anvyl, Tada, and Magaya Supply Chain
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

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.

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.

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