IT market in BRIC to grow at a CAGR of 11.72 percent by 2019

Reportstack has announced a new market research report on the IT Market in BRIC 2015-2019.   The next stage of evolution of the global information network may be the IoT, which refers to grids of “objects” embedded with electronics, software, sensors, and connectivity. The IoT has opened up many opportunities on which BRIC countries are making their mark. The overall IT market in BRIC is likely to grow at a CAGR of 11.72 percent during the forecast period of 2014-2019. 

The increase in the number of startup companies and investment in businesses such as SaaS, IaaS, and PaaS provide clear opportunities and make Brazil a favorable destination for IT professionals. Moreover, the evolution of cloud technologies, shared services, health solutions, and green IT solutions are further contributing to market growth.

To access full report with TOC, please visit  IT Market in BRIC 2015-2019.

BRIC countries have millions of mobile Internet users and this may increase the usage and sales of mobile application software,”.

“Moreover, apps for online shopping, ticket booking, social networking, and mobile banking have proliferated in recent years. This usage has helped grow the e-commerce and mobile commerce market.” 

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.  

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