Brazil IT Investments Reached $61.6 Billion in 2013: IDC

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Brazil accounts for 47.4 percent of the IT market in Latin America, giving the country a 3 percent stake of the global IT market in 2013, according to a report commissioned by the Brazilian Association of Software Companies and conducted by IDC.

Brazil also ranks seventh in terms of global IT investment, following the US, Japan, China, UK, Germany and France. Researchers expect Brazil to replace France next year in sixth place.

Brazil’s investments in hardware, software and services saw a 15.4 percent increase in 2013, totaling $61.6 billion, according to a report by ZDNet on Monday. About $10.7 billion was generated by the software sector, while services represent $14.4 billion of the total investment.

IDC said that micro and small enterprises account for 43.9 percent and 49.6 percent of the software and services sector, respectively. Enterprises account for a mere 1.3 percent of all companies in the sector.

An earlier report by Frost & Sullivan showed that Brazil’s cloud computing market reached $328.8 million in 2013.

In terms of industries buying IT services in Brazil, the finance sector leads with 26.3 percent of the total investment. Telecommunications and manufacturing accounted for 24.4 percent and 20.2 percent of IT investment, respectively.

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