From 2013 to 2023, wages and salaries in the IT services sector in Brazil exhibited a consistent upward trend, with a value of 62.02 billion Brazilian Reals in 2023. The growth rate has been variable, peaking in 2014 with a 22.35% year-on-year increase and slowing to 5% in 2023. The compound annual growth rate (CAGR) over the last 5 years was 6.45%.

Forecasts from 2024 to 2028 predict a stable yet slower growth rate, with a 5-year CAGR of 3.29% and a forecasted total growth of 17.56%. This indicates a trend toward steady yet moderated expansion in salaries and wages within this sector.

Future trends to watch for:

Potential impacts of global economic fluctuations on the IT services job market and compensation structures.
Technological advancements requiring new skill sets, possibly affecting wage scales.
Government policies and regulations that could influence the overall business environment for IT services.