Brazil IT sector to grow 8.8 percent in 2016

The technology sector in Brazil should reach 8.8 percent growth this year and generate about $54,6 billion in investments, according to research.

The growth in relation to 2015 should come mainly from projects related to areas such as Big Data and analytics, infrastructure and datacenters, as well as virtualization, according to the report by Pyramid Research commissioned by Cisco and intel.

However, the top performer this year so far has been cloud computing, where sales remained bullish with predicted growth of 27.5 percent for 2016.

"The cloud is the most important trend for an intelligent and connected future and it is the most disruptive factor in the corporate market," Paula adds.

Separate research from Frost & Sullivan predicts that the Brazilian cloud computing market should see a jump in market revenues from $328.8m in 2013 to $1.1bn in 2017.

"Companies are increasingly realizing the value of implementation of [certain] solutions and innovation, which help drive productivity improvements and generate efficiency, competitively and profitability," says Intel Brazil's business segment director, Fabio de Paula.

Regardless of foreign exchange fluctuations of the local currency, the real, in relation to the dollar, other segments such as datacenter products and services have continued to see growth this year, the Pyramid research adds.