The Latin America, Middle East and Africa Cloud Migration Services Market would witness market growth of 26.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cloud Migration Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,645.5 million by 2031. The Argentina market is showcasing a CAGR of 28.5% during (2024 - 2031). Additionally, The UAE market would exhibit a CAGR of 25.6% during (2024 - 2031).
Cloud migration services have broad applications across various industries, revolutionizing business models, IT operations, and customer engagement. In the corporate world, cloud migration services are applied to various use cases, such as data management, application hosting, infrastructure management, and disaster recovery.
For instance, enterprises are migrating critical business applications to cloud platforms, enabling access to data and resources from anywhere, reducing dependency on on-premises hardware, and ensuring better performance scalability.
In MENA, the rapid growth of the entertainment streaming industry, which saw a 25.5% increase from USD 4.7B to USD 5.6B by 2021, creates a massive demand for scalable, high-performance cloud infrastructure. Streaming services require cloud platforms to handle vast amounts of user data, high-quality video storage, and delivery networks. As the industry continues to expand, content providers are looking for cloud migration services to ensure that their systems are robust, secure, and capable of managing a growing user base. Moreover, the rise in female gamers and the overall age parity also contributes to a diverse user base, demanding more tailored and agile cloud solutions that cater to varied content preferences and global consumption patterns. This shift pushes companies in MENA to prioritize cloud migration strategies that enhance service delivery and streamline operations across platforms.
Free Valuable Insights: The Worldwide Cloud Migration Services Market is Projected to reach USD 80.84 Billion by 2031, at a CAGR of 24.6%
Based on Platform, the market is segmented into Solution (Infrastructure Migration, Platform Migration, Human Resource, Application Migration, and Storage Migration), and Services (Managed, and Professional). Based on Enterprise Size, the market is segmented into Large Enterprises, and Small and Medium Enterprises. Based on Deployment, the market is segmented into Private, Public, and Hybrid. Based on End-use Industry, the market is segmented into IT & Telecommunications, BFSI, Healthcare, Government & Public Sector, Manufacturing, Automotive, Retail & Consumer Goods, Media & Entertainment, and Other End-use Industry. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Platform
By Enterprise Size
By Deployment
By End-use Industry
By Country
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