The Latin America, Middle East and Africa Cloud Services Brokerage Market would witness market growth of 19.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cloud Services Brokerage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $702.7 million by 2031. The Argentina market is showcasing a CAGR of 20% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 18.2% during (2024 - 2031).
Many organizations, particularly those in industries with strict data sovereignty regulations, prefer a hybrid approach to maintain greater control over sensitive data while leveraging the scalability of public cloud services. CSBs simplify hybrid cloud deployment by providing tools for automated provisioning, cloud orchestration, and workload balancing between on-premise and cloud environments.
Beyond technical considerations, regulatory compliance is also a major reason businesses turn to CSBs. With governments tightening data privacy and security laws, enterprises must ensure their cloud operations comply with local and international regulations. CSBs provide businesses with automated compliance checks, policy enforcement mechanisms, and audit trails that simplify regulatory adherence and mitigate risks.
The rapid expansion of IoT, AI, and cloud computing in Saudi Arabia and Brazil significantly contributes to the market's growth. As enterprises in these regions increasingly adopt digital transformation strategies, the demand for cloud service intermediaries that facilitate seamless integration, cost management, and security compliance is rising. The growing reliance on cloud-based solutions across industries drives the need for CSBs to optimize cloud service consumption and management. In Saudi Arabia, the projected $2.9 billion IoT industry and its 12.8% annual growth rate indicate a robust demand for cloud infrastructure and data management solutions. With industrialized IoT, AI, and data centers forming the core of this expansion, businesses require effective cloud service brokerage to streamline multi-cloud environments and ensure interoperability among IoT-driven applications. The increasing cloud investments by enterprises and government-led digital initiatives, such as Vision 2030, further propels CSB adoption by facilitating automated cloud resource allocation, security compliance, and cost efficiency. Hence, the rising IoT, AI, and cloud computing investments in Saudi Arabia and Brazil are significantly fuelling the market.
Free Valuable Insights: The Worldwide Cloud Services Brokerage Market is Projected to reach USD 32.78 Billion by 2031, at a CAGR of 16.7%
Based on Platform, the market is segmented into Internal Brokerage Enablement, and External Brokerage Enablement. Based on Service, the market is segmented into Integration & Support, Automation & Orchestration, Billing & Provisioning, Migration & Customization, Security & Compliance, and Other Service. Based on Deployment, the market is segmented into Public, Hybrid, and Private. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small and Medium-sized Enterprises. Based on End use, the market is segmented into IT & Telecommunications, BFSI, Government & Public Sector, Healthcare, Consumer Goods & Retail, Manufacturing, Energy & Utilities, and Other End Use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Platform
By Service
By Deployment
By Enterprise Size
By End use
By Country
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