Defying Brazil’s economy slump, the IT sector is not just on the rise, but is currently ranked seventh in the world. Blame it on Brazilian’s addiction to smartphones and apps.
CCTV’s Lucrecia Franco filed this report from Rio.
Brazil's app developers are strong part of the economyDefying Brazil's economy slump, the IT sector is not just on the rise, but is currently ranked seventh in the world. Blame it on Brazilian's addiction to smartphones and apps. CCTV's Lucrecia Franco filed this report from Rio.
- According to a study conducted by the Brazilian Association of Software Companies, apps represented 44% of investments that generated $60 billion dollars last year. The results indicate a growth of 6.7 percent in relation to 2013, and rank Brazil seventh in the global IT market.
- Brazil’s technology sector is also creating jobs and many companies are even having difficulty finding qualified IT professionals.
Senior Latin America analyst on Brazil’s economy
CCTV’s Phillip Yin interviewed Thomaz Favaro, a senior Latin America analyst for Control Risks, for Brazil’s economic struggles.
Follow Thomaz Favaro on Twitter @thomazfavaro.
Follow Phillip Yin on Twitter @PhillipTKYin.