Albany, NY -- (SBWire) -- 10/26/2016 --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. 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.
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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.
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
Market challenge
- Technical complexities in cloud implementation
- For a full, detailed list, view our report
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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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Latin America Cloud Computing Market Size, Shares, Survey, Analysis and Forecast 2016-2020
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