Tech

Tech Roundup: Brazil big ICT spenders

With a growing digital economy, Brazil is spending much more on ICT, with the sector hitting its highest forecasts in eight years

Brazil big ICT spenders
Photo: Golden Sikorka/Shutterstock

Welcome to our Tech Roundup. In this week’s edition, explaining why Brazil’s ICT spending is on the up.

Brazil increases spending ICT spending above global average

A global study carried out by Softex shows that spending on services in information and communication technology (ICT) should reach USD 5.5 trillion this year. The sector’s main players — the U.S., China, and the European Union — are expected to answer for around 60 percent of this market.

  • Brazil, meanwhile, should make up around 1 percent of the global market.

Baby steps. Even with such a minor share, the country has annually expanded its business at rates above the global average. Even in the face of timid economic growth, Brazil is expected to end 2022 by spending around USD 70 billion on ICT — the best forecast for the sector in eight years.

  • If that...

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