The cloud services market in Latin America has been witnessing changes in the consumer mindset toward cloud computing. Companies of different sizes and across a variety of verticals are increasingly understanding the benefits of the SaaS and PaaS solutions and therefore are making investments in the cloud. The SaaS market has diversified industry solutions such as ERP, CRM, and HR systems already tested and integrated with most of the platforms and on-premises applications. The SaaS market is still cloud's largest market, and although its growth rate is declining year on year, it is an extremely profitable market. The expectation is that its composite growth (CAGR) between 2017 and 2022 will be 29.1%, reaching the mark of $5.31 billion in 2022. PaaS solutions are increasingly used by companies as a way to support the demand for development projects efficiently and cost-effectively. Additionally, in on-premises models, it is difficult to calculate the costs inherent to the infrastructure by project. In this way, the pace of adoption of PaaS solutions has increased and is expected to record a composite growth (CAGR) of 39.4% between 2017 and 2022. Despite the fact that the PaaS cloud segment is still small compared to the others, it will reach the mark of $882.6 million in 2022.--BEGIN PROMO--

Research Scope

Frost & Sullivan has conducted detailed primary interviews with leading cloud service providers, analyzed their quarterly and annual reports, and utilized internal databases to perform a detailed revenue analysis of the market. The resulting revenue market size reflects a sum total of estimates for individual companies. In this research, Frost & Sullivan examines the cloud services market in six Latin American countries—Argentina, Brazil, Chile, Colombia, Mexico, and Peru—and covers public and hosted private infrastructure as a service. The study period is from 2016 to 2022, with a base year of 2017. The study