Brazil: IT market value by segment 2023| ��ƽ��

Information technology market value in Brazil from 2020 to 2023, by segment (in billion U.S. dollars)

Characteristic	Services	Software	Hardware
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Release date

July 2024

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Region

Brazil

Survey time period

2023

Supplementary notes

Figures have been rounded.

In the 2023 report, the source refers to these figures as "investment", but in the 2021 version, they are referred to as "value". Therefore, the term "value" is retained.

Export is excluded

Citation formats

In 2023, Brazil's information technology market was worth roughly ** billion U.S. dollars. The largest segment was hardware, totaling just under ** billion U.S. dollars, while the software market accounted for just over ** billion U.S. dollars.

The Brazilian software industry

Although the software industry started developing later in Brazil, it has considerably grown in recent years, recording **** billion U.S. dollars in revenue in 2022. The market includes several segments: productivity; enterprise; application development; and system infrastructure. The enterprise software segment is the most profitable, totaling a revenue of **** billion U.S. dollars in 2021. However, the software industry is not developing evenly across the country, and most of the market is concentrated in the south-east region.

Employment in the Brazilian software industry

The number of IT service and software companies in Brazil has rapidly grown in recent years. In 2022, the Latin American country counted around software development and production companies and almost * software distribution and marketing firms, with most of them employing less than 100 people. In total in 2021, around ** people were employed at software companies in Brazil, with most of them working in São Paulo.