Brazil is the fastest growing IT nation

IT markets of the BRIC states grew significantly faster than the world market

  • ICT sales in Brazil rose by 10.4 percent in 2014
  • Industry grew by 4.1 percent to almost 3 trillion euros worldwide
  • BRICS accounted for 18 percent of the global market

Brazil is 2014´s fastest growing IT nation. Sales of products and services in information technology and telecommunications were expected to increase by 10.4 percent to 122 billion euros in 2014. The year before, Brazil came second behind India; the Indian ICT market grew by 11.7 percent in 2013. With an increase of 7.8 percent to 56 billion euros, India was 2014 ranked only third in market growth behind China with an increase of 8.8 percent to 303 billion euros. These were the results of a recent study by published by the European Information Technology Observatory (EITO). “With the exception of Russia, the IT markets of the BRIC states are continuing to grow significantly faster than the world market. That’s good news for these emerging economies, as digitalization creates additional growth and thus employment and prosperity”, said EITO Chairman Axel Pols.

The EU claimed approximately 21 percent, of which the UK and Germany accounted for equal global market shares of 4.2 percent each. The BRIC states Brazil, Russia, India and China combined made up 18 percent.

Source: EITO Press Release -2014. Brazil is the faster growing IT nation. 2014