Gartner research has found that the use of Indian IT service providers in Nordic countries is growing by 20 per cent per year, while the growth in the traditional supplier market has only been 2-3 per cent annually.

Nokia, DNB and ABB all favour Indian providers. HCL Technologies and Wipro have both announced that they will be investing further in the region, which covers Finland, Iceland and Scandinavia.

Mika Rajamäki, a research analyst with Gartner, commented: ‘Sweden has the largest market, but Indian companies seem to have the highest market share in Finland, around 4 per cent.

‘In Denmark, Sweden and Norway, their market share is around 1 per cent, but these figures are from 2013 and there were some major deals last year, so the figures have definitely grown. Average market share for Indian companies in the Nordics is probably around 4-5 per cent, closer to 5 per cent, and in Finland it will grow to 6-7 per cent this year.’

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