In the nascent market of cloud computing in Brazil, SaaS holds the largest share of IT services outsourced and IaaS is close behind. Meanwhile, PaaS has become a viable market opportunity. This market insight covers the Brazilian cloud computing market, including the market overview, drivers, restraints, trends, competitive analysis, and forecasts and trends. The study concludes with the last word, which introduces Frost & Sullivan’s 3 big market predictions.
Revenue for the Brazilian cloud computing market in 2012 is $ million in 2012. Revenue is expected to reach $ billion by 2017 at a % compound annual growth rate (CAGR).
Cloud computing solutions, such as infrastructure as a service and software as a service, will show great growth over the next years in terms of revenue, because companies already know what they are used for. Platform as a service will also have a growth but its participation in the overall market will remain low, because clients are still learning what the service is for.
The aspects that are driving cloud computing adoption in Brazil are cost reduction, turning capital expenditure (CAPEX) into operational expenditure (OPEX) , the flexible environment giving options to increase or decrease the infrastructure according to the companies' needs, and the fact that the information will be available everywhere and be accessed anytime.
The aspects that are restraining cloud computing in Brazil are security, CIOs' fear of having information stolen or accessed by 3rd parties, connectivity, which is crucial for cloud computing, poor quality, and the fact that Brazilian companies are still not aware of the cloud computing concept.
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