Sweden has long been known for its innovative tech sector, boasting successful companies like Spotify, Skype, and King. More recently, Sweden has seen growing interest in offshore development as a way to access global talent and reduce costs.
Establishing an offshore development center
(ODC) represents the most strategic approach for overseas tech resourcing. An ODC provides a dedicated team of IT professionals that become an extension of a company's in-house staff. They are recruited, trained, managed, and integrated to client processes under one roof by an offshore partner. ODCs offer richer skill sets, better collaboration, IP protection, and scaling flexibility relative to staff augmentation models. Leading brands like Volvo, H&M, Ericsson
, and Skype
leverage offshore development centers across India and Eastern Europe for software engineering, DevOps
, QA, and UX design capabilities. ODCs enable Swedish companies to get more done with less through tapping global talent hubs.
The offshore development market in Sweden is still relatively small, valued at $182 million
in 2021. But it is expanding at an annual rate of over 11%, indicating strong momentum. By 2026, Sweden's offshore development industry revenue could surpass $300 million