Over the past decade, Brazil's exports of ICT (Information and Communication Technology) services have demonstrated substantial growth, particularly between 2013 and 2018. The value of ICT service exports stood at $707.88 million in 2013 and reached $5239.7 million by 2023, reflecting the sector's resilience and consistent expansion. The most notable yearly increases occurred in 2014 (104.33%) and 2022 (41.62%). Year-on-year variations highlight periods of rapid growth and occasional declines, particularly from 2019 to 2020, where values slightly decreased. The five-year Compound Annual Growth Rate (CAGR) before the forecasting period averaged at 14.89%, demonstrating robust yearly progression.
From 2024 onwards, forecasts suggest continuous growth, with the value expected to reach $8008.9 million by 2028. The forecast five-year CAGR is anticipated to be 6.65%, indicating steady, albeit more moderate, growth. Overall, Brazil's ICT services exports are projected to increase by approximately 37.97% over the next five years.
Future trends to watch for include:
- Emerging technologies such as AI, IoT, and cloud computing driving demand for ICT services.
- Increasing global digital transformation efforts, which could open new markets for Brazilian ICT services.
- Potential regulatory changes and trade policies that could impact international ICT service trade.
- Investment in local tech talent and infrastructure improvements enhancing service quality and competitiveness.
