Latin America Cloud Infrastructure Market: Insights and Forecast, 2018-2024

Report Description

Cloud computing has created level playing in IT market worldwide. The cloud computing market in Latin America has displayed significant transformation and is further anticipated to grow exponentially in years to come. Rising popularity of service oriented architecture has resulted into positive growth of cloud computing in Latin America. Service oriented architecture purposes to provide IT framework that tends to be favorable for organizations in managing their IT requirements and also supports them in reducing the time required for implementation of cloud based services. Moreover, transition of consumer mindset towards cloud computing coupled with companies of different size and structure and various industry verticals understanding the benefits of cloud services are also enhancing investments in cloud infrastructure.

Graphical Representation of Cloud Computing Deployment Model Analyzed in the Study 
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Latin America Cloud market was valued at US XX Billion during 2017 and is estimated to reach US 51.5 Billion by 2024 showcasing CAGR of XX% during the forecasted period. Adoption of new technologies such as Internet of Things, Big Data, improvised mobility, cost efficacy, minimum environmental impact and uptake in cloud managed services contribute as the main factors propelling the cloud infrastructure market in Latin America. However, payment discrepancy and security concerns constitute as some of the primary reasons behind the restricting growth of cloud infrastructure market in the respective.

Insights Presented in the Report:

• The report analyses the cloud Infrastructure service majorly for public and private deployment model in Latin America region. To further add to the analysis the report also segments the market based on cloud infrastructure service, end user industry which is deployed in different country worldwide.
• The report analysis all the potential countries which has showcased increased deployment of cloud service over the last decade. Public and private cloud deployment model is further bifurcated into different services including public cloud (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business process as a Service (BPaaS) and cloud advertising. Cloud advertising public cloud services dominated the market in 2017 and is expected to maintain its dominance during the analysed period.
• Private cloud deployment model is segregated into managed hosting and Co-Location and former held the maximum share in the cloud market of Latin America. It has been estimated that Managed Hosting will grow at reasonable CAGR of 13% during the forecasted period.
• The report also analysis the different potential end-user industries who are most frequent adaptor and are most likely to be the likely to be the growth driver for the industry. Banking, Financial Services and Insurance, Retail industry, Telecom & IT, Healthcare, Media & Entertainment, Government agencies, Education, Energy and Manufacturing among others are the major end user industry analyzed during the study. In the Telecom & IT sector huge amount of data are generated owing to this, the sector has emerged as the largest adopter of cloud computing accounting for a market share of 17% in 2017.
• For better understanding of the geographical penetration of Cloud Service market in Latin America region, the market is analyzed based on its outreach in the countries such as Brazil, Argentina, Chile and rest of Latin America. Brazil constitute as the largest computing services market in Latin America followed by Argentina, Chile and Mexico. It has been successful in attracting the attention of numerous cloud service vendors from across the world and has generated a very competitive environment.  Brazil presents itself as one of the mature IT market in Latin America, which induces the presence of a number of SMBs to implement cloud computing solutions hence attracting several new vendors to enter the market which will contribute to the growth of the cloud computing market size in the specific region. Brazil cloud infrastructure market is expected to reach US 33.7 Billion by 2024 displaying considerable CAGR of 15.6% during the forecasted period.
• Latin America cloud computing market also provides competitive benchmarking of leading players in this market which includes profiling of companies such as Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce.com, AT&T Inc., Amazon Web Services Inc., DXC Technology Company, HP Inc., and Rackspace Hosting Inc.  These companies have been operating in this sector for several years and have diversified product portfolios, innovative technologies, and strong distribution networks worldwide.

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Reasons to buy the Report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
• Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:

The Latin America Cloud Infrastructure Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for Latin American Cloud Infrastructure services market were the three major steps involved in creating and analysing the overall market of the Latin American Cloud Infrastructure Services Market. Exhaustive secondary research was conducted to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Latin American Cloud Infrastructure Services Market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the Latin American Cloud Infrastructure Services Market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Latin American Cloud Infrastructure Services Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news articles, government publications, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the Latin American Cloud Infrastructure Services market. Major segments included in the report are public and private deployment model, cloud infrastructure service and end-user industry. Further analysis was also done for sub-segments of the major segments of the Latin American Cloud Infrastructure Services market.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Latin American Cloud Infrastructure Services market. Factor analysis was conducted using dependent and independent variable such the preferences of deployment model type i.e. public and private, purchasing power of customers, security concern of data etc. Historical trends of the Asia-Pacific Cloud Infrastructure Services market and its year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments for the technology in major countries in the Latin American region. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and rate of adoption Cloud Infrastructure services in major countries in the Latin American region
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in major applications and markets as well as market share of each players. Also, the growth strategies adopted by these players to compete in the ever-growing Latin American Cloud Infrastructure Services market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process, to arrive at precise statistical numbers of each segment and sub-segment pertaining to the Latin American Cloud Infrastructure Services Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Deployment Type i.e. Public or Private deployment. Public Cloud Services i.e., Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business process as a Service (BPaaS) and Cloud Advertising along with Private Cloud services i.e. Managed Hosting and Co-Location were considered while forecasting the market. Also detailed analysis of the technology in major industrial segment was also considered in the study.

Main objective of the Latin American Cloud Infrastructure Services Market Study

The current & future market trends of the Latin American Cloud Infrastructure Services market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

• Analyse the current and forecast market size of the Latin American Cloud Infrastructure Services market in terms of value (US$)
• Analyse the current and forecast market size of different segments and sub-segments of the Latin American Cloud Infrastructure Services market
• Segments in the study include deployment type, public and private deployment, end-user industry and country
• Define and describe the technologies and protocols used in the Latin American Cloud Infrastructure Services market
• Anticipate potential risk associated with the technology along with customer and competitor analysis, etc.
• Define and analysis of the government regulations for the Latin American Cloud Infrastructure services market
• Analyse the current and forecast market size of Latin American Cloud Infrastructure Services market for major countries in the Latin American region including Brazil, Argentina, Chile and Rest of Latin America
• Define and analyse the competitive landscape of the Latin American Cloud Infrastructure Services market and the growth strategies adopted by the market players to sustain in the ever-growing market

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