The Latin America, Middle East and Africa Cloud AI Market would witness market growth of 44.3% CAGR during the forecast period (2023-2029).
The expanding accessibility of cloud-based AI services from well-known technology companies like Amazon, Microsoft, and Google is one of the major drivers boosting the market's expansion. These businesses invest significant sums in developing cloud AI platforms and offering them as a service to companies of different industry verticals. As a result, it is now simpler for organizations to access and execute artificial intelligence solutions without making expensive infrastructure and personnel investments.
Overall, demand for cloud AI solutions is anticipated to increase as more companies leverage AI and machine learning to spur innovation and growth. In addition, hybrid cloud adoption is rising, creating new opportunities for cloud AI. Cloud computing and traffic will probably increase as 5G is implemented and mobile usage increases. The potential for cloud AI services is increasing as a result. Growing digitalization, technological advancements, and a rise in the demand for virtualization, storage, and analytics contribute to market expansion. As a result, businesses are increasing their cloud AI investments as well.
Latin American telecommunications firms increasingly employ ChatGPT and other AI tools to identify and stop security risks. For example, AI systems can spot odd behavior indicating fraud or security breaches by monitoring usage patterns and other data at the network edge. Furthermore, due to the pandemic, government expenditures on smart city and administration projects, and the simplicity of access to an expanding selection of data centers and managed services that encourage enterprise usage of new technologies, cloud computing is becoming a growing trend in the Middle East. Soon, the UAE may strengthen its cloud-seeding effort with the help of artificial intelligence (AI). In light of these elements, the cloud AI market is estimated to grow in the LAMEA region.
The Brazil market dominated the LAMEA Cloud AI Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $9,311.5 million by 2029. The Argentina market is experiencing a CAGR of 45.1% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 43.9% during (2023 - 2029).
Based on Type, the market is segmented into Solution and Services. Based on Industry, the market is segmented into IT & Telecom, Government, Manufacturing, BFSI, Automotive & Transportation, Healthcare & Life Sciences, Retail, and Others. Based on Technology, the market is segmented into Solution Deep Learning, Machine Learning, Natural Language Processing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Cloud AI Market is Projected to reach USD 395.8 Billion by 2029, at a CAGR of 38.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, MicroStrategy, Inc., NVIDIA Corporation, Salesforce, Inc. and QlikTech International AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Industry
- IT & Telecom
- Government
- Manufacturing
- BFSI
- Automotive & Transportation
- Healthcare & Life Sciences
- Retail
- Others
By Technology
- Deep Learning
- Machine Learning
- Natural Language Processing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Google LLC (Alphabet, Inc.)
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- MicroStrategy, Inc.
- NVIDIA Corporation
- Salesforce, Inc.
- QlikTech International AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cloud AI Market, by Type
1.4.2 LAMEA Cloud AI Market, by Industry
1.4.3 LAMEA Cloud AI Market, by Technology
1.4.4 LAMEA Cloud AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jul – 2023, Mar) Leading Players
Chapter 4. LAMEA Cloud AI Market by Type
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Cloud AI Market by Industry
5.1 LAMEA IT & Telecom Market by Country
5.2 LAMEA Government Market by Country
5.3 LAMEA Manufacturing Market by Country
5.4 LAMEA BFSI Market by Country
5.5 LAMEA Automotive & Transportation Market by Country
5.6 LAMEA Healthcare & Life Sciences Market by Country
5.7 LAMEA Retail Market by Country
5.8 LAMEA Other Industry Market by Country
Chapter 6. LAMEA Cloud AI Market by Technology
6.1 LAMEA Deep Learning Market by Country
6.2 LAMEA Machine Learning Market by Country
6.3 LAMEA Natural Language Processing Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Cloud AI Market by Country
7.1 Brazil Cloud AI Market
7.1.1 Brazil Cloud AI Market by Type
7.1.2 Brazil Cloud AI Market by Industry
7.1.3 Brazil Cloud AI Market by Technology
7.2 Argentina Cloud AI Market
7.2.1 Argentina Cloud AI Market by Type
7.2.2 Argentina Cloud AI Market by Industry
7.2.3 Argentina Cloud AI Market by Technology
7.3 UAE Cloud AI Market
7.3.1 UAE Cloud AI Market by Type
7.3.2 UAE Cloud AI Market by Industry
7.3.3 UAE Cloud AI Market by Technology
7.4 Saudi Arabia Cloud AI Market
7.4.1 Saudi Arabia Cloud AI Market by Type
7.4.2 Saudi Arabia Cloud AI Market by Industry
7.4.3 Saudi Arabia Cloud AI Market by Technology
7.5 South Africa Cloud AI Market
7.5.1 South Africa Cloud AI Market by Type
7.5.2 South Africa Cloud AI Market by Industry
7.5.3 South Africa Cloud AI Market by Technology
7.6 Nigeria Cloud AI Market
7.6.1 Nigeria Cloud AI Market by Type
7.6.2 Nigeria Cloud AI Market by Industry
7.6.3 Nigeria Cloud AI Market by Technology
7.7 Rest of LAMEA Cloud AI Market
7.7.1 Rest of LAMEA Cloud AI Market by Type
7.7.2 Rest of LAMEA Cloud AI Market by Industry
7.7.3 Rest of LAMEA Cloud AI Market by Technology
Chapter 8. Company Profiles
8.1 Apple, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Google LLC (Alphabet, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 IBM Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Intel Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Microsoft Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Oracle Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 MicroStrategy, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 NVIDIA Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Salesforce, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. QlikTech International AB
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 LAMEA Cloud AI Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Cloud AI Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud AI Market
TABLE 4 Product Launches And Product Expansions– Cloud AI Market
TABLE 5 Acquisition and Mergers– Cloud AI Market
TABLE 6 LAMEA Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 8 LAMEA Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Services Market by Country, 2023 - 2029, USD Million
TABLE 12 LAMEA Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 13 LAMEA Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 14 LAMEA IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA IT & Telecom Market by Country, 2023 - 2029, USD Million
TABLE 16 LAMEA Government Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Government Market by Country, 2023 - 2029, USD Million
TABLE 18 LAMEA Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 20 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA BFSI Market by Country, 2023 - 2029, USD Million
TABLE 22 LAMEA Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Automotive & Transportation Market by Country, 2023 - 2029, USD Million
TABLE 24 LAMEA Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Healthcare & Life Sciences Market by Country, 2023 - 2029, USD Million
TABLE 26 LAMEA Retail Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Retail Market by Country, 2023 - 2029, USD Million
TABLE 28 LAMEA Other Industry Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Other Industry Market by Country, 2023 - 2029, USD Million
TABLE 30 LAMEA Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 31 LAMEA Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 32 LAMEA Deep Learning Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Deep Learning Market by Country, 2023 - 2029, USD Million
TABLE 34 LAMEA Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Machine Learning Market by Country, 2023 - 2029, USD Million
TABLE 36 LAMEA Natural Language Processing Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Natural Language Processing Market by Country, 2023 - 2029, USD Million
TABLE 38 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 40 LAMEA Cloud AI Market by Country, 2019 - 2022, USD Million
TABLE 41 LAMEA Cloud AI Market by Country, 2023 - 2029, USD Million
TABLE 42 Brazil Cloud AI Market, 2019 - 2022, USD Million
TABLE 43 Brazil Cloud AI Market, 2023 - 2029, USD Million
TABLE 44 Brazil Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 45 Brazil Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 46 Brazil Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 47 Brazil Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 48 Brazil Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 49 Brazil Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 50 Argentina Cloud AI Market, 2019 - 2022, USD Million
TABLE 51 Argentina Cloud AI Market, 2023 - 2029, USD Million
TABLE 52 Argentina Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 53 Argentina Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 54 Argentina Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 55 Argentina Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 56 Argentina Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 57 Argentina Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 58 UAE Cloud AI Market, 2019 - 2022, USD Million
TABLE 59 UAE Cloud AI Market, 2023 - 2029, USD Million
TABLE 60 UAE Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 61 UAE Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 62 UAE Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 63 UAE Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 64 UAE Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 65 UAE Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 66 Saudi Arabia Cloud AI Market, 2019 - 2022, USD Million
TABLE 67 Saudi Arabia Cloud AI Market, 2023 - 2029, USD Million
TABLE 68 Saudi Arabia Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 69 Saudi Arabia Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 70 Saudi Arabia Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 71 Saudi Arabia Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 72 Saudi Arabia Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 73 Saudi Arabia Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 74 South Africa Cloud AI Market, 2019 - 2022, USD Million
TABLE 75 South Africa Cloud AI Market, 2023 - 2029, USD Million
TABLE 76 South Africa Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 77 South Africa Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 78 South Africa Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 79 South Africa Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 80 South Africa Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 81 South Africa Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 82 Nigeria Cloud AI Market, 2019 - 2022, USD Million
TABLE 83 Nigeria Cloud AI Market, 2023 - 2029, USD Million
TABLE 84 Nigeria Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 85 Nigeria Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 86 Nigeria Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 87 Nigeria Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 88 Nigeria Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 89 Nigeria Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 90 Rest of LAMEA Cloud AI Market, 2019 - 2022, USD Million
TABLE 91 Rest of LAMEA Cloud AI Market, 2023 - 2029, USD Million
TABLE 92 Rest of LAMEA Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 93 Rest of LAMEA Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 94 Rest of LAMEA Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 95 Rest of LAMEA Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 96 Rest of LAMEA Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 97 Rest of LAMEA Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 98 Key Information – Apple, Inc.
TABLE 99 Key Information – Google LLC
TABLE 100 Key information – IBM Corporation
TABLE 101 Key Information – Intel Corporation
TABLE 102 key information – Microsoft Corporation
TABLE 103 Key Information – Oracle Corporation
TABLE 104 Key Information – MicroStrategy, Inc.
TABLE 105 Key Information – NVIDIA Corporation
TABLE 106 Key Information – Salesforce, Inc.
TABLE 107 key information – QlikTech International AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jul – 2023, Mar) Leading Players
FIG 6 SWOT Analysis: apple, Inc.
FIG 7 Recent strategies and developments: Google, LLC
FIG 8 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 9 Recent strategies and developments: IBM Corporation
FIG 10 Swot analysis: IBM Corporation
FIG 11 Recent strategies and developments: Intel Corporation
FIG 12 SWOT analysis: Intel corporation
FIG 13 Recent strategies and developments: Microsoft Corporation
FIG 14 SWOT Analysis: Microsoft Corporation
FIG 15 Recent strategies and developments: Oracle Corporation
FIG 16 SWOT analysis: Oracle Corporation
FIG 17 Recent strategies and developments: NVIDIA Corporation
FIG 18 SWOT Analysis: NVIDIA Corporation
FIG 19 SWOT Analysis: Salesforce.com, Inc.