Latin America Server Market Size & Outlook, 2023-2030
Latin America server market, 2018-2030 (US$M)
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Latin America server market highlights
- The Latin America server market generated a revenue of USD 1,785.7 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, rack was the largest revenue generating product in 2023.
- Rack is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,785.7 million |
| Market revenue in 2030 | USD 3,106.3 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Rack |
| Fastest growing segment | Rack |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rack, Blade, Tower, Micro, Open Compute Project |
| Key market players worldwide | Asustek Computer Inc GDR, Cisco Systems Inc, Dell Technologies Inc Ordinary Shares - Class C, Fujitsu Ltd, Hewlett Packard Enterprise Co, International Business Machines Corp, Intel Corp, Lenovo Group Ltd, NEC Corp, Oracle Corp, Quantum Computing Inc, SMART Global Holdings Inc, Super Micro Computer Inc, Inspur Group, Huawei Technologies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.9% of the global server 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 70,550.0 million by 2030.
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Server Market Scope
Server Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America server 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 server market will help companies and investors design strategic landscapes.
Rack was the largest segment with a revenue share of 35.49% in 2023. Horizon Databook has segmented the Latin America server market based on rack, blade, tower, micro, open compute project covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American market was valued at USD 1.71 billion in 2022 and is projected to reach USD 3.11 billion in 2030, growing at a CAGR of 8.2% from 2023 to 2030. The growth of the Latin American market can be attributed to the developments in cloud technology in the region because of various strategic initiatives undertaken by major companies in the server market.
For instance, in March 2022, Amazon Web Services, Inc. announced its plan to launch AWS local zones in Latin America to contribute to the country’s economic diversification. The new locations include Argentina, Colombia, Chile, Brazil, Mexico, and Peru.
AWS local zones enable AWS to compute, store, database, and provide other services to larger populations, IT centers, and industries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America server market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America server market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America server market size, by country, 2018-2030 (US$M)
Latin America Server Market Outlook Share, 2023 & 2030 (US$M)
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