ICT Industry - Brazil
May 18, 2022
As the largest country in South America by both landmass and population, Brazil faces unique challenges and opportunities for growth and innovation in the ICT sector. Brazil has been internationally recognized for the quality of its ICT solutions developed across several areas, including financial services, energy, agriculture, manufacturing, and e-government. In 2021, Brazil’s ICT sector grew by 18.3%, representing 6.9% of Brazil’s total GDP.
There are many opportunities for Virginia companies to provide ICT goods and services into Brazil. Many of those opportunities will be created by the deployment of 5G in Brazil in the coming years. By July 2022, there will be 5G coverage in all 26 capital cities in Brazil. By 2029, there will be 5G coverage to all Brazilian municipalities with more than 30,000 inhabitants.
This report on the Brazilian ICT Industry overviews Brazil’s ICT subsectors, the impact of COVID on Brazil’s digitalization efforts, 5G deployment, key ICT investments in the next three years, market trends, and regulatory frameworks. It also highlights ICT trade shows in Brazil.