Nordic packaged software market will grow 7.2% in 2008

The Nordic market for packaged software saw significant growth in 2007, according to IDC. At 8.6% growth, the market grew as fast as the record growth of 2006, and in 2007 the total packaged software market reached a value of 6 bln euro in the Nordic region. IDC believes the software market will be fairly resilient to the slowdown in the investment climate, but we nevertheless expect a gradual slowing down of the software market to 7.2% this year and 6.4% in 2009.