LAMEA Hybrid Cloud Market Size, Share & Trends Analysis Report By Component (Solution and Services), By Enterprise Size, By Service Model, By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Hybrid Cloud Market would witness market growth of 19.5% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Hybrid Cloud Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,132.4 million by 2031. The Argentina market is registering a CAGR of 20.2% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 18.4% during (2024 - 2031).

Adopting hybrid cloud solutions has been driven by technological advancements, business needs, and market trends. Hybrid cloud adoption allows organizations to adjust their compliance strategies dynamically based on evolving regulations.

Moreover, organizations can store sensitive data on private clouds to meet strict regulatory requirements while leveraging public clouds for less regulated operations. Organizations operating in multiple regions can use a hybrid cloud to comply with local data residency and privacy laws.

Digitalization in healthcare generates vast amounts of data from electronic health records (EHRs), telemedicine, and IoT devices. Hybrid cloud solutions provide the infrastructure needed to manage, store, and analyze this data efficiently, ensuring secure and accessible healthcare information across Saudi Arabia. As per the International Trade Administration (ITA), Saudi Arabia is projected to be one of the fastest-growing digital health markets in the GCC region. The government has allocated $1.5 billion towards healthcare IT and digital transformation initiatives. The government has implemented an e-health strategy to enhance telemedicine to improve accessibility and quality of care in remote areas.

Free Valuable Insights: The Worldwide Hybrid Cloud Market is Projected to reach USD 309.1 Billion by 2031, at a CAGR of 16.7%

Based on Component, the market is segmented into Solution and Services. Based on Enterprise Size, the market is segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on Service Model, the market is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Oracle Corporation
• SAP SE
• Salesforce, Inc.
• Dell Technologies, Inc.
• Equinix, Inc.
• Nutanix, Inc.

LAMEA Hybrid Cloud Market Report Segmentation

By Component

• Solution
• Services

By Enterprise Size

• Small & Medium-sized Enterprises
• Large Enterprises

By Service Model

• Software as a Service (SaaS)
• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)

By Industry Vertical

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Government
• Media & Entertainment
• Transportation & Logistics
• Manufacturing
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA