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Latin American IT Market to Increase 4.8% by 2020

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Mercado de TI da América Latina deve ter aumento de 4,8% em 2020

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;

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  • 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.

. (tagsToTranslate) ti (t) ti market (t) software (t) hardware (t) latin america (t) brazil (t) ti latin america (t) idc (t) idc futurescape (t) cloud (t) big data (t) analytics (t) artificial intelligence (t) technology (t) investment (t) idc latin america (t) future technology (t) digital technology (t) digital

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