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.