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Brazil IT Executive Report 2008
VII. MARKET DYNAMICS Brazil’s IT market is progressively expanding, having grown by more than 13% to USD 16.2 billion in 2006. This represents 43% of the USD 37.4 billion invested in Latin America as a whole. Some USD 9.1 billion of this total were related to non-hardware investment spending, with USD 3.3 billion in software and USD 5.8 billion in services respectively. Non-hardware value represents a 22% growth over 2005 values, with CAGRs projected to exceed 12% to 2010.
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