IT market value in Brazil 2020-2022, by segment

In 2022, Brazil's information technology market was worth 45 billion U.S. dollars. The largest segment was hardware, totaling 24.7 billion U.S. dollars, while the software market accounted for 11.7 billion U.S. dollars.

The Brazilian software industry

Although the software industry started developing later in Brazil, it has considerably grown in recent years, recording 11.7 billion U.S. dollars in revenue in 2022. The market includes several segments: productivity; enterprise; application development; and system infrastructure. The enterprise software segment is the most profitable, totaling a revenue of 2.51 billion U.S. dollars in 2021. However, the software industry is not developing evenly across the country, and most of the market is concentrated in the south-east region.

Employment in the Brazilian software industry

The number of IT service and software companies in Brazil has rapidly grown in recent years. In 2022, the Latin American country counted around 8,400 software development and production companies and almost 11,000 software distribution and marketing firms, with most of them employing less than 100 people. In total in 2021, around 133,000 people were employed at software companies in Brazil, with most of them working in São Paulo.