New report covers the
present scenario and the growth prospects of the IT market in Brazil for the
period 2014-2018.
Brazil hopes to capitalize
on the 2014 World Cup and the 2016 Summer Olympics to advance its goal of
becoming the world's third largest information technology and communications
(ITC) market, according to recent research. The Brazil IT market is expected to
grow at a CAGR of 10.12% from 2014-2018.
This report, IT Market in Brazil
2014-2018, provides a detailed analysis of the market and focuses on
the growth trends, major players, recent developments and key drivers of the IT
market in Brazil.
Market overview
Currently, the major reason
behind the exponential growth of the IT market in Brazil is the rapid growth of
the software and IT services market segment. The hardware segment is also
expected to witness increased spending due to growth in the use of tablets and
data servers over the forecast period. Currently, the Brazil IT market ranks
fifth in the world and is worth around USD 210 billion. Experts coin that the
World Cup and the 2016 Summer Olympics will act as a boon for Brazil and for
the ITC industry, as the government is slated to invest billions of dollars in
a wide range of infrastructure projects. The infrastructure being developed
will be used subsequently for the benefit of health, development and broadband
communications. Research has shown major sporting events will generate
investment of about USD 57 billion, of which 10% will be devoted to IT, either
directly in data and image transmission systems, and indirectly, in areas such
as security, health care, transportation, infrastructure. The Brazilian IT
industry currently has two million professionals.
Key players
The key players in this
industry include Accenture Inc., Hewlett-Packard Co., IBM Corp., Xerox Corp.,
Ascenty Data Centers Rental and Services SA, Capgemini S.A., Cisco Systems
Inc., CI&T Software S.A., Dell Inc., Elipse Software, Google Inc., ICTS Consulting
Services, Kryptus Information Security Ltda., Lenovo Group Ltd., Microsoft
Corp., Predicta, SAS Institute Inc., Stefanini IT Solutions, Syhunt
Cyber-Security Co. and Serpro, Sydle System.