Brazil's software industry billed more than US$18.5bn last year, surging 20% over 2009 figures of US$15.3bn, local news source Baguete reported, citing preliminary figures from software industry association Abes.
"For this year , I think the increase will be 25-30%," said Abes president Gerson Schmitt. "Demand is clearly growing, and the country is seeing some very good economic times."
However, the executive called for an increased focus on IT in order for the sector to continue growing, with more training for IT professionals and a more clearly defined government stance toward the sector.
The association, together with fellow organizations such as Brasscom, Assespro and Softex, will make some adjustments to a proposal already submitted to the national government, he added.
According to past reports, the main proposal is to modify the sector's tax structure, with the goal of IT accounting for 5.3% of the country's overall GDP in 2020, compared with the current 3.5%.
Projections peg Brazil's IT sector hitting annual revenues of US$120bn by 2020 compared with almost US$62bn in 2009. Brazilian software and IT services exports could reach US$20bn by 2020, compared with the current US$3bn.