2014 Latin America Cloud Computing Market
Latin America is one of the fastest growing markets in the world; the region is forecasted to grow at a compound annual growth rate (CAGR) of % from 2014 to 2017.
The market is yet to mature though, as many companies are just getting familiar with the concept of cloud opportunities and other services that are available for companies of all sizes.
Important issues such as connectivity and awareness still need to be addressed to aid growth.
Private cloud still leads in preference due to security concerns, especially among large enterprises. Small and medium businesses (SMBs) are more open to go to a public environment.
The future of cloud is aimed at hybrid cloud as more companies, even those on a private environment, tend to trust public cloud for non-critical and less complex workloads.
Different vertical segments such as healthcare, energy, and automotive are already working on cloud environment with different solutions to support specific business needs.
Software as a Service (SaaS) represents over % of the investments in cloud, which shows a clear sign of a world driven more by software applications and services.
About this report
In this market insight, Frost & Sullivan maps the Latin American Cloud Computing market by providing the market revenue forecast from 2015 to 2017 segmented into platform as a service, software as a service, and infrastructure as a service. It also presents a revenue breakdown for the main countries of the region including Brazil, Mexico, Argentina, Colombia, Chile, and Peru. The study details the market drivers and restraints and the main trends in cloud computing. Additionally, there is a section dedicated to end-user insights regarding cloud computing in Brazil. Recommendations for cloud vendors are also listed considering the factors used by end users when choosing a cloud provider.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook