In 2020, Sweden was one of the leading European countries when it came to utilising opportunities created by digitalisation. According to The Digital Economy and Society Index (DESI) 2020, Sweden was ranked second, with the DESI using five indicating factors: connectivity, human capital, use of the internet, integration of digital technology and digital public services.
Almost all Swedes are using the internet on a regular basis, and the pandemic made people more dependent on online services. Even though restrictions in Sweden were much weaker compared to other EU countries, it still had a result on consumers everyday lives.
5G networks are expected to bring faster internet speed levels, lower latency, and the capacity for a higher number of simultaneously connected devices. The newest network is expected to be a revolutionary technology enabling new possibilities, implementing innovative business models in various fields, including transportation, health and energy.
Growing urbanisation and the adoption of smartphones results in growth for the services of Swedish telecom companies. In 2020, 5G commercial networks were launched by Telia, Tele2, Tre, and Telenor.
Swedish consumers are largely sensitive to the safety and convenience of payments and identity verification. The widespread use of BankID, a Swedish citizen identification service, is a key factor supporting the security and simplicity of online transactions.
Chinese tech giant Huawei, a multinational information technology and consumer electronics company, was accused of spying for the Chinese government. The company was also banned from developing the network infrastructure in the US, among other countries.
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