Despite unemployment, Brazil IT market struggling to fill openings

The current reality of Brazil’s job market is bleak. About one-quarter of the workforce is either unemployed or underemployed—and 5 million people have given up on finding a job altogether. But one field, however, has set itself apart: IT. As Brazilians companies modernize, the sector has become crucial for any company—soon, all businesses will rely on software.

According to a recent report on market trends by recruiters Robert Half, Talenses, Page Personnel, and online recruiting service Catho, the IT sector is set to boom in the coming years. Whether they be in agribusiness, healthcare, or education, companies are looking to invest hefty sums in technology. And these investments could lead to more openings in executive positions.

Pushed by fears of crime and violence, security is another sector where technology is booming. The area is expected to grow 10 percent this year, with public and private security solutions becoming more and more popular. Such products include facial recognition technology, home security systems, and personal alert applications.

Moreover, the new Brazilian Data Protection Law—approved in 2018 by...