Brazil Custom Software Development Market Size & Outlook
Brazil custom software development market, 2018-2030 (US$M)
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Brazil custom software development market highlights
- The Brazil custom software development market generated a revenue of USD 1,019.0 million in 2023 and is expected to reach USD 4,352.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 23.1% from 2024 to 2030.
- In terms of segment, enterprise software was the largest revenue generating solution in 2023.
- Enterprise Software is the most lucrative solution segment registering the fastest growth during the forecast period.
Custom software development market data book summary
| Market revenue in 2023 | USD 1,019.0 million |
| Market revenue in 2030 | USD 4,352.6 million |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Enterprise software |
| Fastest growing segment | Enterprise Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Web-based Solutions, Mobile App, Enterprise Software |
| Key market players worldwide | Accenture PLC Class A, Capgemini SE, Cognizant Technology Solutions Corp Class A, HCL Technologies, Infosys Ltd ADR, Microsoft Corp, Thoughtworks Holding Inc, TietoEVRY Corp ADR, Tata Consultancy Services, Brainvire, Iflexion, Infopulse, Magora, Trigent, TRooTech Business Solutions |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global custom software development market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico custom software development market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 4,646.9 million by 2030.
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Custom Software Development Market Scope
Custom Software Development Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil custom software development market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to custom software development market will help companies and investors design strategic landscapes.
Enterprise software was the largest segment with a revenue share of 58.68% in 2023. Horizon Databook has segmented the Brazil custom software development market based on web-based solutions, mobile app, enterprise software covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Brazil's custom software development market can be attributed to increasing investments made by the companies operating in the IT ecosystem aimed at strengthening their position in the country.
For instance, in August 2023, Globant, a technology company, unveiled a five-year investment plan worth USD 1 million focused on the company’s regional growth strategy, including a major expansion in Brazil, alongside the establishment of an Innovation and Emerging Technologies Center in São Paulo.
Staffed by specialists, this center would focus on exploring the potential of cutting-edge technologies such as AI and quantum computing. They aim to equip Globant's clients with the tools to capitalize on these trends, ensuring a competitive edge in the thriving custom software development market.
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Our clientele includes a mix of custom software development market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil custom software development market , including forecasts for subscribers. This country databook contains high-level insights into Brazil custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil custom software development market size, by solution, 2018-2030 (US$M)
Brazil Custom Software Development Market Outlook Share, 2023 & 2030 (US$M)
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