Expanding your business to Sweden
Gateway to the Nordic cybersecurity market
The Netherlands and Sweden share a similar business culture, making it relatively easy for Dutch companies to do business in Sweden. The Swedish population is innovation savvy and digitally skilled. Stockholm has one of the fastest-growing tech startup scenes in the world, producing startups and breeding unicorns like Skype, Spotify and Klarna.
Population
Sweden is a frontrunner in digitalization, both in the public sector and in the core industries. However, this digital transformation comes with risks for more cyber threats, therefore requiring a proactive approach to cybersecurity. The National Cybersecurity Index demonstrates that a large proportion of companies haven’t taken the necessary countermeasures to secure their technologies. The fast digitalization thus creates a security gap that needs to be bridged as soon as possible.
Sweden is home to a strong and innovative cybersecurity ecosystem, with numerous reputable companies offering advanced solutions in areas such as security consulting, risk management, network protection and encryption. These firms leverage cutting-edge technologies and highly skilled talent to safeguard both individuals and organizations from evolving cyber threats.
In addition to its homegrown expertise, Sweden also hosts a number of Dutch cybersecurity companies, highlighting the close collaboration and shared ambition between our countries in strengthening digital resilience.
Below, you’ll find some of our key network partners active in the Swedish cybersecurity landscape.
According to a survey by Sophos, some 60% of Swedish organizations that participated were hit with ransomware attacks in 2019, and a majority paid to get their information back, mainly due to insufficient cyber insurance.
45% of Swedish organisations see cloud account compromise as the biggest threat for the coming years (Statista 2020). Other perceived threats are business e-mail compromise, phishing and nation-state attacks.
The finance and banking sector accounts for almost 30% of the cybersecurity market share by end user. Government, defense and public sector accounts for nearly 20% and IT and Telecommunications for roughly 16%. (MarkWide Research, 2023)
Over half of the total market value of cybersecurity, almost SEK 6 bln., consists of consultancy services and project assignments.
51% of businesses in Sweden cited brand and reputation damage as the biggest consequence of a cyber attack – followed by data breaches and business and operational disruption.
When quizzed about the biggest risks to their organisation, Swedish CSOs/ CISOs cited outdated or insufficient cybersecurity solutions and technology (49%), followed by lack of proper access controls/processes and human error and lack of security awareness