The Latin America, Middle East and Africa Multi-Cloud Management Market would witness market growth of 30.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Multi-Cloud Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,542.2 million by 2031. The Argentina market is showcasing a CAGR of 30.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 29.6% during (2024 - 2031).
Media and entertainment companies use cloud computing to deliver streaming services, distribute digital content, and analyze audience behavior. The solutions help media and entertainment organizations optimize content delivery, scale infrastructure resources, and ensure data security and compliance across multiple cloud platforms, enabling them to deliver high-quality content and engaging experiences to their audiences.
Educational institutions and research organizations leverage cloud computing to facilitate online learning, conduct research, and collaborate on projects. The solutions help these organizations manage academic workloads, protect intellectual property, and ensure compliance with data privacy regulations across multiple cloud environments while also optimizing costs and improving accessibility to educational resources.
As the demand for healthcare services grows in the UAE, healthcare organizations require scalable and high-performance infrastructure to support their digital initiatives. According to the International Trade Administration (ITA), in the UAE’s 2022 federal budget, a total of USD 15.8 billion (AED 58.931 billion) was approved for public spending, of which 8.4% is dedicated to healthcare. Additionally, UAE’s Vision 2040 has healthcare as a priority sector for the UAE government, and the country will continue to be an attractive location for establishing a regional distribution center for healthcare services. Multi-cloud management solutions offer the flexibility to scale resources across different cloud providers based on demand, ensuring optimal performance and responsiveness of healthcare applications and services. In conclusion, the increasing healthcare sector in the region is driving the market’s growth.
Free Valuable Insights: The Worldwide Multi-Cloud Management Market is Projected to reach USD 68.7 Billion by 2031, at a CAGR of 27.3%
Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise (SME). Based on Service Type, the market is segmented into Cloud Automation, Managed Services, Security & Risk Management, Training & Consulting, Reporting & Analytics, and Others. Based on Deployment Model, the market is segmented into Public, Private, and Hybrid. Based on Application, the market is segmented into Infrastructure & Resource Management, Identity & Policy Management, Compliance Management, Metering & Billing, Provisioning, Life Cycle Management, and Others. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Government & Public Sector, Healthcare & Lifesciences, Education, Manufacturing, Retail & Consumer Goods, IT & Telecom, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Enterprise Size
By Service Type
By Deployment Model
By Application
By Vertical
By Country
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