Latin America Public Cloud Market Size & Outlook
Related Markets
Latin America public cloud market highlights
- The Latin America public cloud market generated a revenue of USD 11,492.1 million in 2023.
- The market is expected to grow at a CAGR of 14.3% 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 2023 | USD 11,492.1 million |
| Market revenue in 2030 | USD 29,213.8 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Infrastructure as a service (iaas) |
| Fastest growing segment | Platform as a Service (PaaS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, Adobe Inc, Alphabet Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Salesforce Inc, SAP SE, Workday Inc Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global public cloud 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 107,812.2 million by 2030.
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Public Cloud Market Scope
Public Cloud Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Workday Inc Class A | View profile | 18800 | 6110 Stoneridge Mall Road, Pleasanton, CA, United States, 94588 | https://www.workday.com |
| Salesforce Inc | View profile | 72682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | https://www.salesforce.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Adobe Inc | View profile | 29945 | 345 Park Avenue, San Jose, CA, United States, 95110-2704 | https://www.adobe.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Latin America public cloud 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 public cloud 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 public cloud 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.
- Latin America Public Cloud Service Outlook (Revenue, USD Million, 2018-2030)
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- Latin America Public Cloud Application Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecom
- Retail & Cosumer Goods
- Others
- Government & Hybrid Sector
- Government & Private Sector
- Government & Public Sector
- Media & Entertainment
- Healthcare
- Energy & Utilities
- Manufacturing
- Latin America Public Cloud Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
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Target buyers of Latin America public cloud market databook
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Our clientele includes a mix of public cloud market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America public cloud market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America public cloud market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America public cloud market size, by country, 2018-2030 (US$M)
Latin America Public Cloud Market Outlook Share, 2023 & 2030 (US$M)
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