The Latin America, Middle East and Africa Platform Engineering Services Market would witness market growth of 26.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Platform Engineering Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $519.7 million by 2031. The Argentina market is showcasing a CAGR of 26.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 24.8% during (2024 - 2031).
The processing of data closer to the source of its generation (such as IoT devices) is a process known as edge computing, which is gaining prominence due to its capacity to reduce latency, enhance real-time data processing, and reduce bandwidth usage. As industries like manufacturing, healthcare, and telecommunications adopt edge computing to power innovations such as smart factories, autonomous vehicles, and telemedicine, the need for platforms to support these decentralized computing environments is increasing. These services are essential in developing and managing the infrastructure required for edge computing, ensuring that businesses can process data at the edge efficiently and securely.
This market is also experiencing growth due to the increasing significance of artificial intelligence (AI) and machine learning (ML). AI and ML require specialized platforms that can support the deployment of models, automate decision-making, and process large volumes of data. These services are responsible for the development of the infrastructure that underpins apps operating on artificial intelligence and machine learning. These services help organizations to streamline their operations, improve decision-making, and create personalized experiences by employing these technologies.
In Nigeria, the government sector is driving the demand for these services as part of its broader push for digital transformation. The National Digital Economy Policy and Strategy (2020-2030), spearheaded by the Ministry of Communications and Digital Economy, aims to build a sustainable digital economy in Nigeria. The policy emphasizes the adoption of cloud-based platforms, data security, and digital services for government operations. The growing focus on digital public services is expected to drive further adoption of platform engineering solutions in Nigeria’s government sector. Hence, these developments across LAMEA reflect the diverse demand for platform engineering services across sectors, with government initiatives and regulatory support playing a crucial role in market expansion.
Free Valuable Insights: The Worldwide Platform Engineering Services Market is Projected to reach USD 27.0 Billion by 2031, at a CAGR of 23.2%
Based on Deployment, the market is segmented into Cloud. And On-Premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into IT & Telecommunications, BFSI, Retail & E-commerce, Manufacturing, Healthcare, Government, and Other Vertical. Based on Type, the market is segmented into Design & Architecture, Development & Implementation, Support & Maintenance, Optimization & Performance Tunings, Integration & Migration, and Other Type. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Organization Size
By Vertical
By Type
By Country
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