Latin America Cloud Computing Market Size & Outlook

The cloud computing market in Latin America is expected to reach a projected revenue of US$ 181,732.3 million by 2030. A compound annual growth rate of 22.8% is expected of Latin America cloud computing market from 2024 to 2030.
Revenue, 2023 (US$M)
$43,235.4
Forecast, 2030 (US$M)
$181,732.3
CAGR, 2024 - 2030
22.8%
Report Coverage
Latin America

Latin America cloud computing market highlights

  • The Latin America cloud computing market generated a revenue of USD 43,235.4 million in 2023.
  • The market is expected to grow at a CAGR of 22.8% from 2024 to 2030.
  • In terms of segment, infrastructure as a service (iaas) was the largest revenue generating service in 2023.
  • Platform as a Service (PaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 43,235.4 million
Market revenue in 2030USD 181,732.3 million
Growth rate22.8% (CAGR from 2023 to 2030)
Largest segmentInfrastructure as a service (iaas)
Fastest growing segmentPlatform as a Service (PaaS)
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Key market players worldwideAlibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 7.2% of the global cloud computing market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 559,519.6 million by 2030.

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Cloud Computing Market Companies

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Latin America cloud computing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.


Infrastructure as a service (iaas) was the largest segment with a revenue share of 37.94% in 2023. Horizon Databook has segmented the Latin America cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cloud computing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America cloud computing market size, by country, 2018-2030 (US$M)

Latin America Cloud Computing Market Outlook Share, 2023 & 2030 (US$M)

Latin America cloud computing market size, by country, 2018-2030 (US$M)

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