The Brazilian IT market has seen a positive performance in 2018 and steady growth in areas such as artificial intelligence, cloud and higher-end devices is predicted for the next few years, according to research. According to data released by the Brazilian Association of Software Companies (ABES) and IDC, the IT sector in Brazil has seen growth despite the economic instability of the last few years, up 9.8 percent in relation to 2017 and generating $46.6 billion – the figures relate to the internal market only. The numbers represent more than double the forecast for the year (4.1 percent) and growth from 2017 to 2018 (4.5 percent) and point to recovery following the market downturn in 2016, according to the president at ABES, Rodolfo Fücher. “This scenario shows that technology has become an important component for companies’ competitiveness and efficiency in times of crisis,” he added. Read this Big data pumps up business intelligence spend Despite the downturn, it looks as if demand for business-intelligence software will remain strong thanks to big data and untapped departmental demand. Read More Of the total amount generated in 2018, $23.9 billion (51.3 percent) refers to investments in hardware, while $ 12.2 billion (26.2 percent) relates to services and $ 10.5 billion (22.5 percent) to software. Software developed in Brazil accounted for 30 percent of all the investment in systems, according to the study. There are nearly 20,000 companies providing software and services in Brazil, of which 95.5 percent are small and medium enterprises. The… [Read full story]
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