Portugal spent 10.99 billion euros on technology in 2021. In 2022 they show 11.6 billion
Companies, as state entities and Portuguese consumers, invested a total of 10,998 billion euros in 2021, estimates the consultancy IDC. The forecast points to a growth of 7.8% compared to 2020, but everything suggests that the reinforcement of investments is in the image.
According to a company specialized in market analysis, in 2022, the Portuguese market should register a total investment of 11.6 million euros in technology. This reflects a 5.7% growth in the amounts spent compared to 2021.
According to IDC, the total consumption segment has an estimated 35% of spending on technology, while the public administration segment was responsible for this segment. Which means that, in 2021, consumers will be responsible for a total expenditure of 3.8 million euros, while the Public Administration will have disbursed around 1.3 million euros. Expenses were attributed to 53% of technology spending – an estimated total of 5,800 euros.
“In 2020, there was a residual growth in investments in technologies because the pandemic affected very important sectors of the Portuguese economy, such as tourism or restaurants. But in certain areas there was already a perception that digitalization was important to ensure greater business resilience. In 2021, almost all sectors invested in information and communication technologies (ICT) to launch new commercial channels, or already remote work, explains Gabriel Coimbra, director general of IDC in Portugal.
The pandemic fueled the race to digitization, but there were more factors dictating fashions, such as the so-called “digital transformation”.
Gabriel Coimbra stands out for its investment in technology, which focuses on equipment and software that is limited to keeping the business running, invests in tools that guarantee a digital transformation. “Digital transformation is based on technology that allows changing the business model, operations management, or customer relations”, he explains.
In digital transformation, technologies appear to have the greatest disruptive potential, such as the storage and processing of data on the Internet (cloud computing), the Internet of Things, robotics, or 3D (object) printing. According to IDC, the adoption of these technologies that foster digital transformation has been growing at a double-digit rate in the last two years. This figure contrasts sharply with a drop of 5% in the more traditional technology segments, which include the sale of servers or desktop computers.
“There is a very significant change. Much of the investment to be invested in the development of new models. Before this trend, investments in technologies were closely linked to automation, but now the focus is on digital transformation”, describes Gabriel Coimbra.
During 2021, investments in technologies that foster a digital transformation of spending by 68% carried out by different Portuguese organizations. In 2025, it is expected that investment in these disruptive digital tools could exceed 75% of the total investment, which should reach 13 million euros in terms of the sum of investments made by companies, public entities and consumers.
Gabriel Coimbra has no doubt that there is a technology, which has fostered its entire components and equipment, but he considers that the biggest challenge facing Portuguese companies comes from the lack of specialized labor. IDC estimates point out that in 2025 the European economy will face another 1.15 million job vacancies in the area of technologies to be filled. A. of professional companies up to 202
“As a national designer, we should create conditions to increase the number of professionals with the launch of more higher professional courses in the areas, but we also have to achieve the teaching of technologies and retain human resources (from abroad). And this can also be a fundraising or service delivery centers and it can also be a larger startup”, concluding.