Cloud computing market In Latin America 2023-2027
Technavio has been monitoring the cloud computing market in Latin America and is forecast to grow by USD 18.7 bn during 2022-2027, accelerating at a CAGR of 16.32% during the forecast period. Our report on the cloud computing market in Latin America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased inclination toward cloud computing for cost-cutting, government initiatives promoting cloud adoption, and increasing adoption of digital transformation in Latin America.
Technavio's cloud computing market In Latin America is segmented as below:
By Service
By Deployment
- Public cloud
- Private cloud
By Geography
This study identifies the increased inclination for private cloud for enhanced data security as one of the prime reasons driving the cloud computing market growth during the next few years. Also, improving internet connectivity and infrastructure in Latin America and emergence of edge computing will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the cloud computing market covers the following areas:
- Cloud computing market sizing In Latin America
- Cloud computing market forecast In Latin America
- Cloud computing market industry analysis in Latin America
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud computing market in Latin America vendors that include Alphabet Inc., Amazon.com Inc., Capgemini Service SAS, Cisco Systems Inc., Citrix Systems Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, Telefonica SA, VMware Inc., and Wipro Ltd.. Also, the cloud computing market in Latin America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.