São Paulo – Brazilian investments in hardware, software and IT services reached USD 38 billion last year, a 4.5% hike over 2016, according to data from the Brazilian Association of Software Companies (ABES). With the result, the country stands in ninth place in the world regarding investments in the area, trailing United States, China, Japan, United Kingdom, Germany, France, Canada and India.
For the association, the result is in line with an expectation for an improvement of the market and shows a higher level of maturity of technology investments. The association points out a growing concern by executives in keeping the companies’ operational efficiency, making procedures more agile and efficient to gain competitiveness.
Over half of the sector is made up of hardware production (51.2%), followed by services (27.4%) and software (21.4%). The Southeast is the main region for the sector, accounting for 61.4% of production, followed by the South (13%), Midwest (10.8%), Northeast (10.3%) and North (4.5%).
Translated by Sérgio Kakitani
