While the European IT market has its own business, rules, and environment, the Northern European countries seem to set a competition within the region that’s different from what we see regularly. In this system, Sweden plays probably the biggest role. Out of all Nordic countries - Denmark, Finland, Norway, Sweden - the last one has a 41% market share in the regional IT sector, due to the considerable number of companies that invest in IT. 

And going digital was no mistake for Sweden, as companies like IKEA, Skype, Spotify, Utorrent, Ericsson, and several others are global brands and titans of the old web. 

Why You Should Work With Swedish Companies

But the old web is not the same, and the times have changed in favor of the most flexible and fast-adapting IT companies. In 2025, people are still chatting via Skype, listening to music on Spotify, and making use of peer-to-peer systems like uTorrent. 

However, Sweden’s IT market is far beyond these companies, and right now, 12,000+ IT companies and web agencies from Sweden are performing high-quality digital services for both the internal market and foreign companies that seek a digital transformation of their business. 

In other words, Swedish companies can offer the entire spectrum of IT services of good quality and excellent project management. The main task remains to find one that fits your business best. 

What You Should Be Aware of When Working With Swedish IT Companies

The sector of services, and especially the IT branch, has become more expensive all over the world. Sweden is not an exception, but considering that the prices in Sweden are already higher compared to the rest of the European countries, you may face financial difficulties in covering the comfort services Swedish IT companies and web agencies provide. 

But on the other hand, you may save time working with Swedish companies, since they are known for their time-efficient services. 

How Reliable Are Swedish IT Companies

In the Northern European countries, on-time delivery is a standard. This standard is also available for the IT industry and the service range it covers. Swedish companies are certainly among the most reliable in the world. But what potential clients should be aware of in this case is experience, service range, number of professionals, and focus area. 

To put it in another way, if a company has a focus on developing apps, it will do so on a lower level than other types of IT services. This is why we encourage studying and have a look at a company’s portfolio and do research about how many projects and what types of services the company has provided lately. 

You can find detailed information about each company on its profile page here on Tech Behemoths, or you can visit its website directly. 

How Does the Swedish IT Industry Relate to the Neighboring Countries

Looking back at the top, we mentioned that 41% of the entire Nordic IT market is covered by Sweden. At least this is what the Business Sweden website reveals. 

Compared to Norway and Denmark, Sweden spends twice as much on developing businesses at the web level. In 2019, only Sweden invested more than 20 bn Euros in this direction, while Denmark and Norway put 12 and 8 bn Euros in the same field. In 2025, the European Investment Fund is committing approximately 30 million euros for green business in Sweden. Its goal is to invest in sustainable businesses, green technologies, and fund green transition and regulatory adaptation following the European Union’s Corporate Sustainability Reporting Directive (CSRD).

Nonetheless, all Nordic countries benefit from a strong IT industry and a well-established infrastructure ready to support the IT sector in the development process and attract new clients on their side. But so far, Sweden has managed to reach the level of the most attractive IT hub in the region. 

All in all, in Sweden, you can find almost everything you need for your web or application development, marketing, design, and anything in between. The real challenge remains to choose the best partners based on the criteria you consider the most important.