IT Services Market Size in Nordic Countries to Grow by USD 6.36 Bn| Growing Adoption of Edge Computing to boost market growth| Technavio

Vendor Insights  The global IT Services Market in Nordic Countries is fragmented and the vendors…

Vendor Insights 

The global IT Services Market in Nordic Countries is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  •  Accenture Plc
  • Capgemini SE
  • CGI Inc.
  • Dell Technologies Inc.
  • DXC Technology Co.
  • Eltel AB
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Tata Consultancy Services Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

Sweden will provide maximum growth opportunities in IT Services Market in Nordic Countries during the forecast period. According to our research report, the region will contribute to 36% of the global market growth. Top vendors such as Accenture Plc, Microsoft Corp., and International Business Machines (IBM) Corp. will have a significant presence and penetration in the IT services market in Sweden over the projection period.

Furthermore, countries such as Sweden, Denmark, Norway, and the Rest of Europe are expected to emerge as prominent markets for IT Services Market in Nordic Countries during the forecast period. 

Know more about this market’s geographical distribution along with a detailed analysis of the top regions. Request Free Sample Report. 

Key Segment Analysis

The IT consulting and other services segment will gain considerable market share in the Nordic countries. The use of new technologies like big data analytics, artificial intelligence, and cloud-based computing to cut costs and improve operational efficiencies is increasing the demand for other services. During the forecast period, such factors will fuel the expansion of the Nordic IT services market.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Challenges: 

The increased adoption of edge computing is one of the primary drivers driving growth in the Nordic IT services market. However, during the projected period, the risks associated with outsourcing will be a major problem for the Nordic IT services market.

Download a free sample for highlights on market Drivers & Challenges affecting the IT Services Market in Nordic Countries. 

Parent Market Analysis

Technavio categorizes the IT services market in Nordic Countries as a part of the global data processing and outsourced services market within the global information technology (IT) market.

IT Services Market in Nordic Countries Value Chain Analysis

In order to optimize profit margins and evaluate company plans, an end-to-end understanding of the value chain is required. During the projected period, the data in our value chain analysis segment can assist vendors reduce costs and improve customer service.

The value chain of the data processing and outsourced services market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Support activities
  • Innovation

Know more about this market’s Parent Market Analysis and Value Chain Analysis. Download Free Sample Report.

Customize Your Report 

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  

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IT Services Market Scope in Nordic Countries

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4.04%

Market growth 2022-2026

$ 6.36 billion

Market structure


YoY growth (%)


Regional analysis

Nordic Countries

Performing market contribution

Sweden at 36%

Key consumer countries

Sweden, Denmark, Norway, and Rest of Europe

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Capgemini SE, CGI Inc., Dell Technologies Inc., DXC Technology Co., Eltel AB, Hewlett Packard Enterprise Co., International Business Machines Corp., Tata Consultancy Services Ltd., and TIETOEVRY CORP.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary                        

              1.1 Market Overview

                             Exhibit 01:  Key Finding 1

                             Exhibit 02:  Key Finding 2

                             Exhibit 03:  Key Finding 3

                             Exhibit 04:  Key Finding 5

                             Exhibit 05:  Key Finding 6

2. Market Landscape                          

              2.1 Market ecosystem            

                             Exhibit 06:  Parent market

                             Exhibit 07:  Market characteristics

              2.2 Value chain analysis         

                             Exhibit 08:  Value chain analysis: Data processing and outsourced services

                             2.2.1 Inputs

                             2.2.2 Operations

                    Data sourcing and collection

                    Data quality and cleaning

                    Data enrichment

                    Data management

                             2.2.3 Data delivery and decision making

                             2.2.4 Marketing and sales

                             2.2.5 Support activities

                             2.2.6 Industry innovations:

3. Market Sizing                     

              3.1 Market definition

                             Exhibit 10:  Offerings of vendors included in the market definition

              3.2 Market segment analysis 

                             Exhibit 11:  Market segments

              3.3 Market size 2021 

              3.4 Market outlook: Forecast for 2021 – 2026 

                             Exhibit 12:  Global – Market size and forecast 2021 – 2026 ($ million)

                             Exhibit 13:  Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 14:  Five forces analysis 2021 & 2026

              4.2 Bargaining power of buyers          

                             Exhibit 15: Bargaining power of buyers

              4.3 Bargaining power of suppliers      

                             Exhibit 16: Bargaining power of suppliers

              4.4 Threat of new entrants    

                             Exhibit 17: Threat of new entrants

              4.5 Threat of substitutes        

                             Exhibit 18: Threat of substitutes

              4.6 Threat of rivalry  

                             Exhibit 19: Threat of rivalry

              4.7 Market condition

                             Exhibit 20:  Market condition – Five forces 2021

5 Market Segmentation by Service                

              5.1 Market segments

                             Exhibit 20:  Service – Market share 2021-2026 (%)

              5.2 Comparison by Service     

                             Exhibit 21:  Comparison by Service

              5.3 IT consulting and other services – Market size and forecast 2021-2026         

                             Exhibit 22:  IT consulting and other services – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 23:  IT consulting and other services – Year-over-year growth 2021-2026 (%)

              5.4 Internet services and infrastructure – Market size and forecast 2021-2026        

                             Exhibit 24:  Internet services and infrastructure – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 25:  Internet services and infrastructure – Year-over-year growth 2021-2026 (%)

              5.5 Data processing and outsources services – Market size and forecast 2021-2026        

                             Exhibit 26:  Data processing and outsources services – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 27:  Data processing and outsources services – Year-over-year growth 2021-2026 (%)

              5.6 Market opportunity by Service     

                             Exhibit 28:  Market opportunity by Service

6. Geographic Landscape                   

              6.1 Geographic segmentation

                             Exhibit 29:  Market share by geography 2021-2026 (%)

              6.2 Geographic comparison  

                             Exhibit 30: Geographic comparison

              6.3 Sweden – Market size and forecast 2021-2026       

                             Exhibit 31:  Sweden – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 32:  Sweden – Year-over-year growth 2021-2026 (%)

              6.4 Denmark – Market size and forecast 2021-2026     

                             Exhibit 33:  Denmark – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 34:  Denmark – Year-over-year growth 2021-2026 (%)

              6.5 Norway – Market size and forecast 2021-2026       

                             Exhibit 35:  Norway – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 36:  Norway – Year-over-year growth 2021-2026 (%)

              6.6 Rest of Nordic countries – Market size and forecast 2021-2026     

                             Exhibit 37:  Rest of Nordic countries – Market size and forecast 2021-2026 ($ Million)

                             Exhibit 38:  Rest of Nordic countries – Year-over-year growth 2021-2026 (%)

              6.7 Market opportunity by geography

                             Exhibit 39:  Market opportunity by geography ($ million)

7. Customer landscape                       

              7.1 Overview

                             Exhibit 40:  Customer landscape

8. Drivers, Challenges, and Trends                 

              8.1 Market drivers     

                             8.1.1 Growing adoption of edge computing

                             8.1.2 Gradual shift from on-premises to cloud-based IT services

                             8.1.3 Incorporation of predictive analytics in managed security services

              8.2 Market challenges             

                             8.2.1 Risks involved in outsourcing

                             8.2.2 Shortage of domain expertise

                             8.2.3 Lack of quality standards in SLAs

                             Exhibit 41:  Impact of drivers and challenges

              8.3 Market trends     

                             8.3.1 Emergence of AI in information management

                             8.3.2 Integration of big data in information provider offerings

                             8.3.3 Growing BFSI sector and go-green initiatives

9. Vendor Landscape                          

              9.1 Overview

                             Exhibit 42: Vendor landscape

                             The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

              9.2 Landscape disruption       

                             Exhibit 43: Landscape disruption

                             Exhibit 44: Industry risks

              9.3 Competitive Scenario       

10. Vendor Analysis              

              10.1 Vendors covered             

                             Exhibit 45: Vendors covered

              10.2 Market positioning of vendors   

                             Exhibit 46: Market positioning of vendors

              10.3 Accenture Plc     

                             Exhibit 47:  Accenture Plc – Overview

                             Exhibit 48:  Accenture Plc – Business segments

                             Exhibit 49:  Accenture Plc – Key offerings

                             Exhibit 50:  Accenture Plc – key news

                             Exhibit 51:  Accenture Plc – Segment focus

              10.4 Capgemini SE     

                             Exhibit 52:  Capgemini SE – Overview

                             Exhibit 53:  Capgemini SE – Business segments

                             Exhibit 54:  Capgemini SE – Key offerings

                             Exhibit 55:  Capgemini SE – key news

                             Exhibit 56:  Capgemini SE – Segment focus

              10.5 CGI Inc.

                             Exhibit 57:  CGI Inc. – Overview

                             Exhibit 58:  CGI Inc. – Business segments

                             Exhibit 59:  CGI Inc. – Key offerings

                             Exhibit 60:  CGI Inc. – Key news

                             Exhibit 61:  CGI Inc. – Segment focus

              10.6 Dell Technologies Inc.    

                             Exhibit 62:  Dell Technologies Inc. – Overview

                             Exhibit 63:  Dell Technologies Inc. – Business segments

                             Exhibit 64:  Dell Technologies Inc. – Key offerings

                             Exhibit 65:  Dell Technologies Inc. – Segment focus

              10.7 DXC Technology Co.       

                             Exhibit 66:  DXC Technology Co. – Overview

                             Exhibit 67:  DXC Technology Co. – Business segments

                             Exhibit 68:  DXC Technology Co. – Key offerings

                             Exhibit 69:  DXC Technology Co. – Key news

                             Exhibit 70:  DXC Technology Co. – Segment focus

              10.8 Hewlett Packard Enterprise Co.  

                             Exhibit 71:  Hewlett Packard Enterprise Co. – Overview

                             Exhibit 72:  Hewlett Packard Enterprise Co. – Business segments

                             Exhibit 73:  Hewlett Packard Enterprise Co. – Key offerings

                             Exhibit 74:  Hewlett Packard Enterprise Co. – Segment focus

              10.9 Hitachi Ltd.         

                             Exhibit 75:  Hitachi Ltd. – Overview

                             Exhibit 76:  Hitachi Ltd. – Business segments

                             Exhibit 77:  Hitachi Ltd. – Key offerings

                             Exhibit 78:  Hitachi Ltd. – Segment focus

              10.10 Infosys Ltd.      

                             Exhibit 79:  Infosys Ltd. – Overview

                             Exhibit 80:  Infosys Ltd. – Business segments

                             Exhibit 81:  Infosys Ltd. – Key offerings

                             Exhibit 82:  Infosys Ltd. – Segment focus

              10.11 International Business Machines Corp. 

                             Exhibit 83:  International Business Machines Corp. – Overview

                             Exhibit 84:  International Business Machines Corp. – Business segments

                             Exhibit 85:  International Business Machines Corp. – Key offerings

                             Exhibit 86:  International Business Machines Corp. – key news

                             Exhibit 87:  International Business Machines Corp. – Segment focus

              10.12 Tata Consultancy Services Ltd.  

                             Exhibit 88:  Tata Consultancy Services Ltd. – Overview

                             Exhibit 89:  Tata Consultancy Services Ltd. – Business segments

                             Exhibit 90:  Tata Consultancy Services Ltd. – Key offerings

                             Exhibit 91:  Tata Consultancy Services Ltd. – Segment focus

11. Appendix                          

              11.1 Scope of the report        

                             11.1.1 Market definition

                             11.1.2 Objectives

                             Notes and caveats

              11.2 Currency conversion rates for US$           

                             Exhibit 92: Currency conversion rates for US$

              11.3 Research Methodology  

                             Exhibit 93: Research Methodology

                             Exhibit 94: Validation techniques employed for market sizing

                             Exhibit 95: Information sources

              11.4 List of abbreviations       

                             Exhibit 96: List of abbreviations

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