According to data presented at IDC FutureScape, Latin America's IT (hardware, software and services) market is expected to close 2019 with growth of 1.3%. Next year the trend is for this percentage to rise further, with a 4.8% increase.
IDC Latin America Vice President (VP) Ricardo Villate says most of Latin America's IT investment in 2020 (58%) will be in technologies called "pillars for the third platform" – cloud, big data / analytics, mobility and social enterprise. He says a group of six “third platform innovation accelerators” will rise from 17% to 27% in investments over the next five years. Among them, stands out the Artificial Intelligence, which should grow 44.2% next year.
“The world is approaching digital supremacy – the moment when the digital economy outweighs the size of the non-digital economy. The world economy will reach digital supremacy in 2023. ”- Ricardo Villate.
Some other IDC forecasts for the Latin American IT market include:
- By 2022, more than half of companies in Latin America will integrate cloud management;
Technology lets you connect your mobile phone to the car infotainment system wirelessly
- By 2023, the 5 mega public cloud platforms will account for over 80% of the market;
- By 2025, nearly 50% of companies in Latin America will be active software producers, with code implemented daily;
- Also by 2025, more than half of new business applications in Latin America will incorporate Artificial Intelligence.
For Brazil, growth of 4.5% is expected for the IT market and 0.2% for the telecommunications market. IDC Latin America VP also mentions that planned investments in 2020 will reach $ 48 billion in IT and $ 41 billion in telecommunications services.
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