The Latin America, Middle East and Africa Data Center As A Service Market would witness market growth of 29.8% CAGR during the forecast period (2022-2028).
Due to the fact that cloud computing has taken the lead as the key trend for next-generation data centers, businesses are moving toward cloud services. The market for data centers as services is being further strengthened by the migration of the entire network to the cloud and the implementation of hybrid clouds. The hybrid cloud architecture enables businesses to protect and manage data by allowing the storage of sensitive data in a private network.
As a result, the demand for the data center as a service market is being driven by organizations' adoption of numerous cloud-based services. The adoption of cloud computing solutions by businesses, small and large alike, is significantly increasing, which is hastening the expansion of the data center infrastructure. The market for data centers is expanding due to the development of hyperscale facilities that can house thousands of servers.
These populations, backed by comparatively high incomes and spending abilities continue to demand higher quality healthcare facilities as the occurrence of lifestyle diseases rises in the region. The UAE government aims to increase the number of people traveling there for medical treatment and thus take several initiatives in order to enhance the healthcare sector in the region. A new supply chain-focused strategy, as well as efforts to develop vaccines & medications, are all part of the government's plans to strengthen national capacities to combat upcoming pandemics.
The Brazil market dominated the LAMEA Data Center as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,435.3 million by 2028.The Argentina market is experiencing a CAGR of 30.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 29.4% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Infrastructure, the market is segmented into Servers, Storage and Networking. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing 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 Data Center as a Service Market is Predict to reach $269.7 Billion by 2028, at a CAGR of 27.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Google LLC, Dell Technologies, Inc., Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Hewlett-Packard Enterprise Company, Cisco Systems, Inc., and Lenovo Group Limited.
By Organization Size
By Infrastructure
By Vertical
By Country
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