The Value Added of IT Services in Brazil has shown a consistent increasing trend from 68.32 billion Brazilian Reals in 2013 to 161.35 billion Brazilian Reals in 2023. This represents a growth trajectory that demonstrates the sector’s robustness and its expanding role in the Brazilian economy. Specifically, in 2023, the IT services sector stood at 161.35 billion Brazilian Reals. Over the last two years, year-on-year growth rates have slightly declined, with figures of 6.58% in 2022 and 6.11% in 2023. The 5-year CAGR, ending in 2023, stands at 7.86%, indicating steady growth over this period.
Looking forward, the forecast predicts continued growth, with the Value Added of IT Services expected to reach 206.44 billion Brazilian Reals by 2028. The projected 5-year CAGR from 2023 to 2028 is 3.89%, suggesting a moderate but sustainable expansion. The forecasted total growth rate for this period is estimated at 21.04%.
Future trends to watch for include:
- Adoption and integration of emerging technologies such as AI, machine learning, and blockchain.
- Increased investments in digital transformation across various sectors.
- Potential shifts in global economic conditions affecting investment flows.
- Regulatory changes and their impact on the IT services landscape.
