From 2013 to 2023, the output of ICT in Brazil saw a steady increase from 322.17 billion to 481.03 billion Brazilian Reals. The year-on-year variation in 2023 stood at 3.21%, while the average annual growth rate (CAGR) over the last five years was 3.96%. Forecasts predict a continued upward trend with a five-year CAGR of 2.23%, culminating in an output of 553.66 billion Brazilian Reals by 2028, reflecting an overall growth of 11.66% during this period.
Future trends to watch for include:
- Increased digital transformation across various sectors, boosting ICT demand.
- Government initiatives to improve ICT infrastructure and services.
- Rising investment in emerging technologies like IoT, AI, and 5G.
