Mexico Cloud Computing Market Size & Outlook, 2024-2030
Mexico cloud computing market, 2018-2030 (US$M)
Related Markets
Mexico cloud computing market highlights
- The Mexico cloud computing market generated a revenue of USD 14,153.2 million in 2023 and is expected to reach USD 57,823.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 22.3% 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 14,153.2 million |
| Market revenue in 2030 | USD 57,823.7 million |
| Growth rate | 22.3% (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, Mexico accounted for 2.3% 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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Mexico 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 54.96% in 2024. Horizon Databook has segmented the Mexico 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 Mexico, the supportive government actions that have mitigated the investment risks stemming from technology change and eased the entry barriers for cloud service providers are playing a major role in driving the growth of the cloud computing market.
Government institutions in Mexico are going paperless and concentrating on providing cloud-based electronic government services, thereby contributing to the growth of the market. Several public sector companies and BFSI, healthcare, and retail companies in Mexico are considering pursuing this next-generation computing revolution.
For instance, in March 2023, AT&T Mexico announced the migration of its core IT and business operations to Oracle Cloud Infrastructure (OCI) to provide the advantages of mobile internet to more than 21 million subscribers and the company’s customers operating in education, healthcare, and banking, among other industries and industry verticals.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cloud computing market size, by service, 2018-2030 (US$M)
Mexico Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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