IT spending in Brazil to reach $134.2bn in 2014
IT end-user spending in Brazil would reach $101.3bn in 2010, which is 9.6% of the country’s real gross domestic product (GDP), according to new report by information technology research and advisory firm Gartner.
The research house said that IT-spending-to-real-GDP-ratio is above the average of 6.1% for Brazil, Russia, India and China (BRIC).
IT end-user spending in Brazil is estimated to be $101bn in 2010, and increase to $128bn by 2013, Russia IT end-user spending is estimated to increase from $37bn to $43bn between 2010 and 2013.
IT end-user spending in India for the same duration is estimated to increase from $67bn to $89bn; and China is topping the IT end-user spending in BRIC economies, which is estimated to record $217bn in 2010 and $261bn in 2013.
Gartner senior vice president and global head of research Peter Sondergaard said that as a percentage of GDP, IT spending in Brazil is increasing faster than in Russia, India and China because IT is pervasive among large organisations, small and midsize enterprises, government and all segments of consumers.
"This is different from other BRIC countries, such as India, where IT spending is primarily concentrated on IT services, and in China, where IT spending is focused on large central government IT projects," Sondergaard said.
Gartner said that to continue the present growth of IT spending in Brazil, IT needs to work effectively with business leaders and the CFO to optimise business processes, and the IT systems that support them, across the firm; and cost optimisation needs to be developed and treated as an enterprise discipline.
The research firm said that that IT spending in Brazil will grow at 15.7% in 2010, and at a CAGR of 7.3% and reach $134.2bn in 2014.