The Latin America, Middle East and Africa Cloud Computing Market would witness market growth of 20.9% CAGR during the forecast period (2022-2028).
Numerous organizations have been forced by rapid digitization to upgrade and digitize their infrastructural landscape in order to increase cost-effectiveness and agility. Additionally, it is anticipated that during the forecast period, growing expenditures on the construction of reliable telecommunications and IT infrastructure would further fuel the expansion of the cloud computing market. The financial and banking industries also use advanced analytics approaches to enhance bank procedures, control risks, and lower fraud.
The telecom industry is employing analytics techniques to safeguard customers from churn, which will minimize the churn via tailored marketing strategies for particular customers. Further, these analytics are being applied in the healthcare sector to prevent and handle fraud and improve clinical outcomes. Additionally, analytics is highly helpful for retail businesses to comprehend customer behavior so they can tailor their planning and improve their market position.
Governments like Brazil and Israel have boosted their investments in emerging technologies including artificial intelligence (AI), 5G, machine learning (ML), big data, cloud computing, and others, which are thought to be the cause of the rise. When it comes to the use of big data technology in education, Saudi Arabia is trailing other affluent countries. Saudi Arabia's education system is continually evolving, and the government is also putting regulations and initiatives in place to help teachers deliver high-quality instruction.
The Brazil market dominated the LAMEA Cloud Computing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27,688.6 million by 2028.The Argentina market is estimated to grow a CAGR of 21.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 20.6% during (2022 - 2028).
Based on Service Type, the market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Media & Entertainment, Energy & Utilities, Healthcare, Government & Public Sector 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 Global Cloud Computing Market is Predict to reach $1143.2 Billion by 2028, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, IBM Corporation, Oracle Corporation, Amazon.com, Inc., Microsoft Corporation, SAP SE, Salesforce.com, Inc., Adobe, Inc., Alibaba Group Holding Limited, and Workday, Inc.
By Service Type
By Deployment
By Enterprise Size
By End-use
By Country
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