Brazil - Enterprise ICT

Abstract

The Brazil Enterprise ICT Country Intelligence Report, a new Country Intelligence Report by GlobalData, summarizes key findings from GlobalData's ICT Customer Insight Survey carried out in H1-2023 and GlobalData's Market Opportunity Forecasts to 2027: Brazil. It reveals an executive-level overview of how the overall ICT budgets and their allocations towards various segments have changed for enterprises in the country in 2023 compared to 2022 and ICT revenue opportunity with detailed forecasts of key indicators up to 2027. The report provides detailed analysis of the overall Brazil's enterprise ICT market trends and growth drivers based on GlobalData's ICT Customer Insight Survey and GlobalData's Market Opportunity Forecasts. The report also discusses about the market growth inhibitors impacting Brazil's overall ICT market. Its sheds focus on enterprise ICT budget allocations and ICT revenue opportunity covering 18 solution areas, segmental analysis, vertical analysis, as well as review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile on some of the key ICT vendors within the country.

The country intelligence provides information and insights into ICT budget allocations and ICT revenue opportunity by enterprises in Brazil

• Overall enterprise ICT revenue opportunity and ICT budget allocations for Brazil
• Macroeconomic and regulatory context and government inititiaves
• Insights on Brazil's enterprise ICT growth drivers and market trends, basis GlobalData's ICT Customer Insight Survey and Market Opportunity Forecasts to 2027
• Insights on market growth inhibitors impacting Brazil's overall ICT market
• Breakdown of enterprise ICT revenue opportunity by solution areas, end-use verticals and enterprise size band
• Segmental analysis of Brazil's enterprise ICT budget allocations and ICT revenue opportunity - hardware, software and services
• Insights on ICT technology spending priorities of enterprises on key solution areas in Brazil
• Company snapshot

Scope

• The ICT sector in Brazil will increase because of the economy being more and more digitalized, new technologies being introduced, data becoming more and more important, and the need for agility and adaptability.
• Brazil's overall ICT market was pegged at $85.7 billion in 2022 and is expected to grow at a CAGR of 17% during 2022-2027 to reach $192.1 billion in 2027, due to rising need for software, which is giving software digitalization more importance to modernize systems, automate procedures, embrace software-defined solutions, and enhance IT infrastructure, has a substantial impact on the expansion of ICT software.
• GlobalData's ICT decision makers survey reveals a positive outlook for enterprise ICT spending in Brazil, with a majority of respondents, about 86.5% from the country, claiming that there has been an increase in the enterprise ICT budget in 2023 compared to 2022.
• Cloud computing can be regarded as the most attractive market in Brazil driven by enterprises increasingly leveraging cloud to achieve operational efficiency while ensuring security and agility, and government actively promoting cloud adoption as a part of its nationwide digital initiative. The revenue opportunity for cloud computing in Brazil was pegged at $12.8 billion in 2022 and is estimated to grow at a CAGR of 27.2% between 2022-2027.
• The BFSI sector is the largest independent end-use vertical segment for the ICT market in Brazil in terms of revenue contribution, and it will remain so over the forecast period. ICT revenue from the BFSI sector reached $11.8 billion in 2022 and is set to grow up to $28.6 billion in 2027 at a CAGR of 19.3%.

Reasons to Buy

• This Country Intelligence Report is based on GlobalData's IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals in Brazil and GlobalData's Market Opportunity Forecasts to 2027, to offer a thorough, forward-looking analysis of Brazil's enterprise ICT investment priorities and ICT revenue opportunity market.
• Accompanying GlobalData's IT Customer Insight Survey and Market Opportunity Forecasts to 2027, the report examines the assumptions and drivers behind ongoing and upcoming trends in Brazil's enterprise ICT market.
• The report offers a thorough analysis of enterprise ICT investment trends and how it has changed this year compared to previous year.
• The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions and product/service categories and how they have changed this year compared to previous years.
• The report also presents an analysis of enterprise ICT revenue opportunity by various solution areas, enterprise size band, end-use verticals, and segment over the forecast period 2022-2027.
• With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
• The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in enterprise ICT investment priorities.