In 2023, the Value Added of ICT in Brazil reached 284.76 billion Brazilian Reals. Observing the recent trends, after a modest growth rate in 2016 of 1.72%, the sector picked up pace, peaking at an annual growth rate of 8.65% in 2017. The subsequent years saw steady growth, with the growth rate fluctuating between 5.96% and 8.54%. The five-year compound annual growth rate (CAGR) from 2018-2023 was recorded at 6.68%. In 2028, the forecasted CAGR from 2024-2028 is projected to be around 3.81%, with an overall forecasted growth rate of 20.57% over the same period.

Key future trends to watch for include:

Increased adoption of emerging technologies such as AI, IoT, and blockchain.
Continued digital transformation across various sectors.
Expansion of broadband and 5G services facilitating new ICT applications.
Potential government policies and investments aimed at bolstering the ICT sector.