The Latin America, Middle East and Africa Cloud Sustainability Market would witness market growth of 20.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cloud Sustainability Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,622.2 million by 2031. The Argentina market is showcasing a CAGR of 21% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 19.3% during (2024 - 2031).
Several key trends are shaping this market. For example, organizations are adopting circular economy principles within their cloud operations to extend the lifecycle of IT assets and reduce waste. This trend includes hardware recycling, refurbishing, and reusing, which support sustainable cloud infrastructure and minimize environmental impact. There is a rising trend in integrating climate risk assessment tools into these strategies. These tools help organizations evaluate and mitigate potential climate-related risks associated with their cloud operations, guiding them in developing more resilient and sustainable cloud infrastructures.
Furthermore, organizations increasingly prioritize sustainability across their supply chains, including their cloud service providers. This trend entails assessing and selecting cloud vendors based on their sustainability practices, promoting responsible procurement, and guaranteeing that the supply chain is by environmental objectives. There is a growing emphasis on educating and engaging users about cloud sustainability practices. This trend includes initiatives to raise awareness among employees and customers about the environmental impact of cloud usage and guide adopting more sustainable behaviors.
The growth of the digital healthcare sector in Saudi Arabia has led to a surge in healthcare data, including patient records, medical imaging, and research data. This drives the demand for scalable cloud solutions that efficiently handle large volumes of sensitive data while ensuring sustainability and minimizing environmental impact. As per the ITA, Saudi Arabia is expected to be one of the fastest-growing digital health industries in the GCC region. The fintech industry’s growth in data-intensive applications, such as blockchain and big data analytics, necessitates using energy-efficient cloud infrastructure. The demand for sustainable cloud solutions is driven by the need to process large data efficiently while minimizing environmental impact. The UAE government offers incentives for investments in green technologies, including sustainable cloud solutions. In conclusion, rising digitalization in the healthcare sector and increasing fintech investments in the region drive the market's growth.
Free Valuable Insights: The Worldwide Cloud Sustainability Market is Projected to reach USD 96.1 Billion by 2031, at a CAGR of 18.9%
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Solution, the market is segmented into Energy-efficient Infrastructure, Sustainable Cloud Platforms, Green Software Solutions, and Carbon Management Solutions. Based on Service Model, the market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Other Service Model. Based on End Use, the market is segmented into IT & Telecom, Banking, Financial Services, & Insurance (BFSI), Manufacturing, Retail and E-commerce, Healthcare, and Other End Use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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By Solution
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By Country
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