Demand for IT solutions has continued to increase, and the world’s attention has shifted towards South America for new solutions. Over the past two decades Brazil’s economy has steadily developed, attracting large investments in the country’s infrastructure and driving the country forward into the future. Thanks in part to subsea cables to both the US and Africa, over 59% of Brazilians are internet users, and the demand for connectivity continues to grow as Brazil makes plans to enter the 5G era by 2020. With economic hubs like São Paulo, Rio de Janeiro and Fortaleza, it is easy to see why key players see South America as a rising force in the technology space.
Sometimes referred to as the ‘Brazilian Silicon Valley,’ São Paulo’s diverse business ecosystem has led the city to become a well-known hub for technological excellence and startup culture. As the largest city in Brazil, the Western Hemisphere, and the Southern Hemisphere, it should come as no surprise that it is also the largest financial and corporate center in South America.
Rio de Janeiro is Brazil’s second largest economy, best known for industries such as oil and gas, pharmaceuticals and telecommunications, the city’s technology has also been in a constant state of growth, even weaving itself into Rio’s Carnival celebrations. Located on the coast and surrounded by attractions such as Christ the Redeemer atop Corcovado Mountain, it should come as no surprise that the city also boasts Brazil’s largest tourism industry.
One of Brazil’s largest cities, Fortaleza boasts a vibrant history, culture and economy. Located in Northeast Brazil, the city acts as the gateway to South America from the Eastern United States and Europe. The city’s role as a key port has driven the city to become an important industrial and commercial center within Brazil.