Lewes, DE -- (SBWIRE) -- 11/04/2016 -- Report forecast the cloud computing market in Latin America to grow at a CAGR of 10.16% during the period 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 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.

According to the report, one of the primary drivers in the market is digital transformation in businesses. Digital transformation is a key enabler of cloud computing solutions. The ongoing digital reforms in industry verticals such as BFSI, healthcare, and telecom have triggered the demand for cloud computing solutions in Latin America. The digital requirements of several industry verticals are different due to dynamic consumer demand and rapid technological changes. Organizations in Latin America are investing in digital solutions such as digital banking, digital healthcare solutions, advanced manufacturing systems, and connected solutions. A majority of the aforementioned technologies are subscribed through the cloud computing infrastructure. Cloud computing solutions assist organizations in implementing digital technologies with short implementation time.

Further, the report states that one major challenge in the market is technical complexities in cloud implementation. Cloud management platform is required for managing several aspects of cloud deployment, which include monitoring of performance, capacity planning, orchestration, change management, governance, and policy enforcement. However, these involve complexity in implementation as these functions span across several departments of the organization. Also, the spending on application is high because of the hike in costs associated with regulatory compliance such as Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley, and Family Educational Rights and Privacy Act (FERPA).

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 players in the cloud computing market in Latin America: Amazon Web Services, Microsoft, IBM, Google, and Salesforce.

Other prominent vendors in the market are: HPE, Oracle, Rackspace, Red Hat, SAP, Telefonica, and 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

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?

Spanning over 80 pages and 29 Exhibits "Cloud Computing Market in Latin America 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by services, Market segmentation by IT deployment model, Geographical segmentation, Market drivers, Key leading countries, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor profile, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/cloud-computing-market-latin-america-2016-2020

Related Reports;

Global Network Function Virtualization Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-network-function-virtualization-market-2016-2020

Global Online Video Platform Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-online-video-platform-market-2016-2020

Global Marketing Resource Management Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-marketing-resource-management-market-2016-2020

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions