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Cloud Computing Market To Grow at CAGR of 10.16% In Latin America 2016-2020

Press Release   •   Jan 09, 2017 05:23 EST

Worldwide Market studies the current scenario as well as future market potential of "Cloud Computing Market In Latin America 2016-2020"

Cloud computing solutions are IT solutions deployed over the ICT systems. These solutions eliminate the need to install in-house hardware and software. The cost of in-house IT solutions is relatively low as compared with cloud-based solutions among most of the IT deployment models. Cloud computing solutions have been implemented in a majority of organizations, irrespective of the size of businesses. Firms with high IT budgets are willing to spend more on flexible IT solutions and cloud computing solutions. However, a few firms still use on-premise solutions due to cloud security concerns and the resistance from the in-house IT department.

The cloud computing market in Latin Americato grow at a CAGR of 10.16% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the cloud computing market in Latin America for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of enterprise cloud computing solutions and services by vendors in Latin America.

Technavio's report, Cloud Computing Market in Latin America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Amazon Web Services (AWS)
Microsoft
IBM
Google
Salesforce

Other prominent vendors

HPE
Oracle
Rackspace
Red Hat
SAP
Telefonica
TIVIT Technology

Market driver

Adoption of advanced technologies to support Industry 4.0
For a full, detailed list, view our report

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Market challenge

Technical complexities in cloud implementation
For a full, detailed list, view our report

Market trend

Emergence of cloud platform for machine-to-machine and Internet of Things
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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