Authored By: Sarah
24 Aug 2023

Cloud Computing Market in Latin America a billion-dollar market in making with a revenue forecast of USD 18.7 Bn 

Latin America - cloud computing market is a billion-dollar market in making with a staggering revenue growth of  USD 18.7 Bn. It is estimated the market will exhibit growth at a CAGR of 16.32% between 2022 and 2027.

Navigating through the Cloud Computing Market growth drivers: The rising inclination toward cloud computing for cost-cutting is the primary growth driver of the cloud computing market. Several organizations are opting for a private or hybrid cloud service, which can be customized as per business needs with the flexibility to configure infrastructure both on-premises or in a private cloud.

When it comes to the trends there is a rise in the count of organizations opting for private cloud for enhanced data security  in the market

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Cloud Computing Market at a Glance

Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Refer to our report "Latin America - Cloud Computing Market By Service, Deployment and Geography - Forecast And Analysis 2023-2027" for more insights.

Core Companies of the Cloud Computing Market and their key offerings: When it comes to the key market placers in the market landscape some of the examples comprise.

  • Alphabet Inc. offers cloud computing services such as Google Cloud Platform, GCP Compute Engine, GCP Storage, and GCP SQL.
  • Inc offers cloud computing services such as Amazon Web Services, AWS Elastic Compute Cloud, AWS Simple Storage Service, and AWS Relational Database Service.
  • Capgemini Service SAS offers cloud computing services such as Capgemini Cloud Garage, Capgemini Cloud Datacenter, and Capgemini Cloud Managed Services.

The growing use of private clouds is encouraging various Latin American cloud computing market players to start offering private cloud solutions to government agencies followed by various organizations are forging partnerships to launch new products or expand their presence some of the prominent names comprise 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., etc. Our report includes qualitative and quantitative analyses of the organizations with a wider understanding of the business ecosystem. Download a Sample Report

Quick Info: Cloud computing is a framework in which hardware, application software, servers, storage, and other computing resources are provided as a service over the Internet. Companies that offer cloud services also provide components and features of the software, hardware, and storage components on a subscription or pay-as-you-go model. The use of the cloud eliminates the need for enterprises to install and run hardware and applications software on their own. 

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