Latin America Cloud Migration Services Market Size & Outlook
Latin America cloud migration services market, 2018-2030 (US$M)
Related Markets
Latin America cloud migration services market highlights
- The Latin America cloud migration services market generated a revenue of USD 1,340.3 million in 2023.
- The market is expected to grow at a CAGR of 26.9% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating platform in 2023.
- Service is the most lucrative platform segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,340.3 million |
| Market revenue in 2030 | USD 7,111.3 million |
| Growth rate | 26.9% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
| Key market players worldwide | International Business Machines Corp, SAP SE, Alphabet Inc Class A, Capgemini SE, Amazon.com Inc, Microsoft Corp, Hewlett Packard Enterprise Co, Accenture PLC Class A, VMware, NTT Data Group Corp, Wipro Ltd ADR, Kyndryl Holdings Inc Ordinary Shares, Vodafone Group PLC, Tata Communications, Veritis Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.6% of the global cloud migration services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,630.6 million by 2030.
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Cloud Migration Services Market Scope
Cloud Migration Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cloud migration services 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 migration services market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 67.21% in 2023. Horizon Databook has segmented the Latin America cloud migration services market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cloud migration services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cloud migration services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cloud migration services market size, by country, 2018-2030 (US$M)
Latin America Cloud Migration Services Market Outlook Share, 2023 & 2030 (US$M)
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