Source: Business Standard, Aug 10, 2017
Bengaluru: Sweden has the potential to emerge as a market for Indian IT services industry, said a joint report by Nasscom, Business Sweden and Radar Ecosystem.
The IT industry lobby, Nasscom, said that the Nordic country has the highest GDP of $550 billion and been identified to have 40 per cent ($23 billion in 2016-17) share of the Nordic region IT spend.
Sweden, the country which is home to companies such as Truecaller, Candy Crush, Skype and Spotify, has a significant focus on digitisation with its government’s “Digital First” strategy.The report, Sweden a key driver of Nordic ICT growth, noted that with a strong underlying economic development, Sweden is witnessing the adoption of new delivery models, such as cloud computing and offshore delivery. “This is in congruence with IT industry, where adoption of new technologies is disrupting the IT space. With most Swedish firms embracing cloud computing at a rapid pace, a growing need for skills in the field is also on the rise. Another technology that is increasingly penetrating the Swedish markets is the Internet of Things (IoT) market in the vehicle, health, banking and logistics space,” said Nasscom quoting the findings of the report.
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