Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Software industry in Brazil - statistics & facts
The software industry involves the development, production, use, and maintenance of computer software. Since the 1950s, when the market first started developing, it has undergone major changes. Today, the industry includes productivity software, enterprise software, application development software, and system infrastructure software and is used for different business models, either on-premises or cloud-based. In Latin America, the software industry took off later as a result of the region being excluded from typical software imports. However, the recent influx of American and European investments, as well as the region’s high-quality IT workforce, are making it a promising hub for software development. In 2021, the Latin American software industry recorded a revenue of over 22 billion U.S. dollars and counted around 600 independent software vendors (ISVs).
