Brazil Cloud Computing Market Size & Outlook, 2024-2030
Brazil cloud computing market, 2018-2030 (US$M)
Related Markets
Brazil cloud computing market highlights
- The Brazil cloud computing market generated a revenue of USD 9,367.6 million in 2023 and is expected to reach USD 41,731.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 23.8% from 2024 to 2030.
- In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
Cloud computing market data book summary
| Market revenue in 2023 | USD 9,367.6 million |
| Market revenue in 2030 | USD 41,731.9 million |
| Growth rate | 23.8% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global cloud computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cloud computing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 41,731.9 million by 2030.
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Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil cloud computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 54.89% in 2024. Horizon Databook has segmented the Brazil cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, the strong emphasis on reducing wait times and improving client interaction using cloud computing technology to ensure smooth business operations is driving the growth of the market. Cloud based contact center solutions, such as Contact Centre as a Service (CCaaS), can typically improve the customer experience.
For instance, in July 2022, telecommunications firm TIM Brazil started using Oracle's cloud infrastructure to accelerate the sales process, cut down bespoke service time by 50% on average, and improve customer service. As a result, TIM Brazil was able to reinvest its profits to spur more innovation and meet customer demands more quickly.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cloud computing market size, by service, 2018-2030 (US$M)
Brazil Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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