The Latin America, Middle East and Africa Cloud Video Storage Market would witness market growth of 20.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cloud Video Storage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $763.1 million by 2031. The Argentina market is registering a CAGR of 20.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 19.6% during (2024 - 2031).
Technologies like cloud video storage enable automated tagging and content recognition, allowing users to easily categorize and organize their video content. This increases the overall effectiveness of managing large volumes of video data and saves time.
Moreover, AI and ML are being used to enhance search capabilities within video storage solutions. By analyzing the content of videos, these technologies can enable intelligent search, allowing users to quickly find specific content within their video library.
LAMEA countries are undergoing rapid digital transformation across finance, healthcare, and government services. For example, to digitalize the public healthcare system for 2020 to 2028, the Ministry of Health of Brazil approved investments totaling $83 million, according to the International Trade Administration.
Free Valuable Insights: The Worldwide Cloud Video Storage Market is Projected to reach USD 35.6 Billion by 2031, at a CAGR of 17.5%
Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Application, the market is segmented into IT & Telecom, Media & Entertainment, Government, Retail & Consumer Goods, Energy & Utilities, Manufacturing, Healthcare & Lifesciences, BFSI, and Others.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Application
By Country
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