Despite economic and political obstacles, Brazil maintains its prominence, especially within the tech sector. At present, the nation is acknowledged as a noteworthy force in creativity and innovation, with an impressive rate of over 1,000 startups per million people, the highest globally. Recent statistics reveal:
- Brazil’s ranking at 54th place out of 131 countries with innovative performance in 2022 (Global Innovation Index).
- Investment exceeding $46.2 billion in the last year in the software, services, and hardware sectors (ABES).
- Forecasted growth of the Brazilian software market to $13.3 million by 2025, making it the largest in Latin America (Gartner).
However, to sustain this growth, it’s imperative to have a robust pool of tech talents, essential as raw material to drive this industry. As mentioned earlier, Brazil boasts an abundant supply of these talents:
An average of 630 thousand Brazilian professionals with strong knowledge are in the IT field, with 133 thousand dedicated to software development.
According to the Global Service Location Index 2023, Brazil ranks 4th among the preferred destinations for outsourcing IT personnel.
Next, we’ll delve deeper into what makes recruiting in Brazil a valuable strategy.
Why Investing in Brazilian Talent is a Strategic Choice for Expanding U.S. Companies
There are several compelling reasons for U.S. companies to consider retaining the best talents in Brazil and expanding their technology teams.
Brazil stands out as a leader in software technology talents in Latin America, offering significant advantages for U.S. companies. These advantages include:
- National investment in the development of specialized IT careers;
- Aligned time zones and affordable living costs;
- Proficiency in English;
- Solid education and infrastructure;
- Robust technical skills.
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