Portuguese technology is present all over the world. The Portuguese ICTE sector stands out for its dynamism, innovation, and contribution to economic growth.
The Portuguese information technology (IT) sector is dynamic, resilient, mature, and well-integrated into global value chains, factors that inspire the confidence of its national and international partners.
With above-average entrepreneurial dynamism, the Portuguese IT sector is known for its maturity and high export capacity. It is underpinned by Portugal's potential as a source of innovative solutions and unique value creation in innovation processes. With its high level of dynamism and talent, the country presents a favourable environment for the continued growth of the IT sector. Portuguese talent is also clearly visible in its startup ecosystem - a vibrant ecosystem with several unicorns with an international dimension, valued at more than 33.9 billion euros.
For their part, Information Technologies, Communication and Electronics companies have played a leading and decisive role in the change that has taken place in organisations in all sectors of activity.
Significant growth in all IT segments has accelerated the expansion of software companies, which offer products and services developed and supported by highly qualified employees at competitive prices and with the unique characteristics of commitment, flexibility, and ease of adaptation to different cultures.
Portugal is presently a preferred location by several multinational corporations to establish their service centres. There are several successful case studies attracting the attention of other companies in the process of choosing a location for their service operations.
Competencies in technological areas are pointed out by several multinational companies as one of their strengths.
In recent years, Portugal has broken successive records in terms of attracting investment, not only in terms of the number of projects but also in terms of value, where projects in the areas of innovation and technology from different geographies and sectors stand out, which have contributed significantly to consolidating the technological hub for which Portugal is beginning to be recognised internationally.
The availability of highly skilled workers trained in well-ranked universities and with good language skills are key factors, which combined with other aspects place Portugal at the top of the list when assessing different locations. Its geographic location, bridging Europe and the USA, and a convenient time zone compatible with regions on both sides of the Atlantic are also important for multinationals with operations around the globe.
Business Service Centres in Portugal is continuously growing in number of new companies setting up their service centre operations in Portugal - 95.3% of 200 companies are foreign companies,72,000 number of FTEs (Full Time Equivalent), 325 number of employees (average size).
The Information Technologies, Communication and Electronics sector comprises around 25,000 companies employing more than 174,000 qualified workers, corresponding to 3.6 per cent of employment in Portugal, responsible for revenues of more than 27,101 billion euros, equivalent to 5 per cent of the total turnover of Portuguese companies.
