Brazil It Services Market Size & Outlook, 2023-2030
Brazil it services market, 2017-2030 (US$M)
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Brazil it services market highlights
- The Brazil it services market generated a revenue of USD 27,135.5 million in 2023 and is expected to reach USD 47,457.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 27,135.5 million |
| Market revenue in 2030 | USD 47,457.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.0% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil it services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 47,457.6 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil it services 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 it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 58.01% in 2023. Horizon Databook has segmented the Brazil it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Big data analytics has prompted a technological expansion of data centers in Brazil. On-the-go business is a trendy trend made possible by technological developments in mobile phones and tablets. Data is being continuously fed into storage systems. Enterprises employ massive data sets for predictive and consumer analytics operations.
To improve their performance, businesses have purchased high performance storage in data centers, such as storage area networks (SAN) and network-attached storage (NAS) systems. As a result, as the demand for big data analytics grows, so will the demand for IT services. During the projected period, such factors will be a primary driver of the expansion of the Brazil IT services market.
Data-related threats are rising as IT infrastructure improves, creating a need for advanced security solutions over traditional ones. As this trend gains traction in the market, businesses have begun investing resources to strengthen their advanced security offerings.
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Our clientele includes a mix of it services 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 it services market , including forecasts for subscribers. This country databook contains high-level insights into Brazil it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil it services market size, by approach, 2017-2030 (US$M)
Brazil IT Services Market Outlook Share, 2023 & 2030 (US$M)
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