SYS-CON MEDIA Authors: Liz McMillan, Carmen Gonzalez, Pat Romanski, Elizabeth White, Yeshim Deniz

News Feed Item

Cloud Services in Latin America Set to Exceed $7.4 Billion by 2022 Powered by IoT and Cognitive Intelligence

End-to-end cloud services and integrated capabilities will trigger further growth opportunities, finds Frost & Sullivan

SAO PAULO, April 16, 2018 /PRNewswire/ -- The adoption of new technologies, such as Internet of Things, Big Data, and cognitive intelligence, and uptake in cloud-managed services have been the main factors impelling the Infrastructure-as-a-service (IaaS) market in Latin America. Frost & Sullivan finds the sector generated $1.8 billion in 2017 and is expected to reach $7.4 billion by 2022, at a CAGR of 31.9%. In 2017, Brazil represented 50.7% of the total business, followed by Mexico at 22.9%, Chile at 7.9%, and Colombia at 6.5%. To capitalize on growth opportunities, players should offer end-to-end cloud services and integrate capabilities to support connected industries.

"To extract the most from the cloud, companies are increasing investment in hybrid infrastructures that combine multiple configurations, such as on-premise private cloud, public cloud, hosted private cloud, and bare-metal cloud," said Renato Rosa, IT Services & Applications Program Manager at Frost & Sullivan. "Other trends that will expand in the region are managed services offerings and the rise of multi-cloud providers."

Latin American IaaS Market, Forecast to 2022 analysis reveals prevalent factors contributing to growth in the market and challenges serving as barriers to success, as well as technology and market trends, vertical segments, adoption rates, and end-user insights in Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Competitive profiles for key players such as AWS, IBM, Microsoft, Tivit, DXC, Google, and Oracle are also provided.

For further information on this analysis, please visit: http://frost.ly/2eu

To meet customer demands in a highly competitive and consolidated market, Rosa recommends that companies focus on developing industry-related knowledge and offering digital transformation solutions through the cloud, new technologies such as Internet of Things, and artificial intelligence.

Four areas creating growth opportunities in the Latin American IaaS market include:

  1. Multi-cloud is already a reality within large corporations and increases the need for integration, standardization and management of these environments. For efficient management, the adoption of cloud-managed service providers becomes the natural path.
  2. The small and medium-sized businesses market represents more than 40% of recurring revenue within cloud public providers, but despite this number being large, it is still far below the potential of this market.
  3. Internet of Things is considered much more than a technology or a new industry because it creates a huge ecosystem of products and services, from the manufacturing of sensors through the infrastructure of data, storage and processing. IoT will demand high computing power and data storage capacity only possible in cloud environments.
  4. The financial sector invests the most in technology solutions. In 2018, Banco Central, Brazil's central bank, will define cybersecurity policy and establish requirements for the hire of data processing and storage services and cloud computing, including minimum contractual requirements. Based on this regulation, banks will use large-scale public cloud providers.

Latin American IaaS Market, Forecast to 2022 is part of Frost & Sullivan's IT Services & Applications Growth Partnership Service program.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Latin American IaaS Market, Forecast to 2022
K250_72

Contact:
Francesca Valente
Corporate Communications – Latin America
P: +54 11 4777 5300
E: [email protected]

http://www.frost.com  

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
Andrew Keys is co-founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereum.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy. Bill has a very impressive background which includes ...
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure...
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions. New research shows that delivering on multicloud e...
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Data center, on-premise, public-cloud, private-cloud, multi-cloud, hybrid-cloud, IoT, AI, edge, SaaS, PaaS... it's an availability, security, performance and integration nightmare even for the best of the best IT experts. Organizations realize the tremendous benefits of everything the digital transformation has to offer. Cloud adoption rates are increasing significantly, and IT budgets are morphing to follow suit. But distributing applications and infrastructure around increases risk, introdu...
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
Cloud is the motor for innovation and digital transformation. CIOs will run 25% of total application workloads in the cloud by the end of 2018, based on recent Morgan Stanley report. Having the right enterprise cloud strategy in place, often in a multi cloud environment, also helps companies become a more intelligent business. Companies that master this path have something in common: they create a culture of continuous innovation. In his presentation, Dilipkumar Khandelwal outlined the latest...
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure...
The dream is universal: heuristic driven, global business operations without interruption so that nobody has to wake up at 4am to solve a problem. Building upon Nutanix Acropolis software defined storage, virtualization, and networking platform, Mark will demonstrate business lifecycle automation with freedom of choice and consumption models. Hybrid cloud applications and operations are controllable by the Nutanix Prism control plane with Calm automation, which can weave together the following: ...
FinTech is a disruptive innovation that denotes the adoption of technologies that have changed how traditional financial services work. While FinTech is now embedded deeply into the financial services ecosystem, the rise of digital age has paved way to FinTech 2.0 - which is rolling out innovative solutions through emerging technologies at a disruptive pace while maintaining the tenets of security and compliances. Blockchain as a technology has started seeing pilot adoption in FinTech around ...