The growth of the ICT Industry in the Brics

In the last 4 years the growth of the ICT Industry in the Bric region has become the fastest growing ICT market in the world. All the major technology companies having been paying close attention to the Bric region as they look to grow in emerging markets as they see growth in the G7 countries decline.The Bric countries are mostly engaged in 2nd generation technology infrastructure development and as with other developing markets the Bric region countries tend to move quickly into new technologies as they don't have the cost of replacing existing technology as their 1st generation technology infrastructure tends to be quite limited.

It's estimated that the price region accounts for over 50% of the ICT Spend in all emerging markets which means a spend of over half a  $ trillion for 2011.

• In Brazil IT spending is close to $120 billion for 2011
• In Russia IT spending is close to $ 40 billion for 2011
• In India IT spending is close to $ 75 billion for 2011
• In China IT spending is close to $ 274 billion for 2011
• In South Africa IT spending is close to $ 18 billion for 2011
  

The overall ICT industry in the Bric countries will continue to be strong for the foreseeable future and for 2012 ICT spend will follow several trends such as government funded projects, Cloud computing , SME Growth and growing cooperation between the Bric countries and other emerging markets. BricPartner particularly expects to see excellent growth in the South African ICT Sector as growth for Technology grows across Africa South Africa tends to be the gate way for the whole of Southern Africa region and beyond.