Latin America Cloud Computing Market Overview:

Market Size in 2024: USD 46.70 Billion
Market Forecast in 203:3 USD 184.00 Billion
Market Growth Rate (2025-2033): 14.70%

The Latin America cloud computing market size reached USD 46.70 billion in 2024, and it is expected to reach USD 184.00 billion by 2033, exhibiting a growth rate (CAGR) of 14.70% during 2025-2033.

Latin America Cloud Computing Industry Trends & Growth Drivers:

Sovereign Cloud Mandates Reshape Provider Portfolios

Brazil’s General Data Protection Law (LGPD) update in July 2025 requires sensitive data to stay on Brazilian soil. Oracle opened the first sovereign cloud region in Brasília in August 2025. It hosts 200 state agencies and 1,200 private firms. Argentina’s cybersecurity agency published similar rules in June 2025. Google Cloud will launch a Buenos Aires sovereign zone by September 2025. Early adopters report 38% faster compliance audits. Colombia’s ICT Ministry expects three new sovereign regions by Q1 2026.

Edge Nodes Slash Latency for Smart Factories

Mexico’s digital manufacturing plan funds 45 edge nodes by 2026. AWS deployed the first 12 nodes in Monterrey in July 2025. Average latency dropped to 8 ms for connected machines. Chilean mining giant Codelco uses these nodes to stream sensor data from 2,000 vehicles. The setup cut downtime by 22%. Peru’s Ministry of Production added a USD 30 million grant for edge cloud pilots in August 2025.

AI-as-a-Service Credits Turbo-Charge Start-Up Growth

Chile’s CORFO granted USD 50 million in cloud credits for AI start-ups in July 2025. Within 60 days, 120 firms adopted Azure AI services. Brazilian accelerator ACE launched a similar USD 80 million fund in August 2025. Early users reduced model-training costs by 45%. Colombian start-up Frubana scaled its demand-forecast AI to six countries using the credits.

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Latin America Cloud Computing Market Segmentation:

Service Insights:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

Workload Insights:

• Application Development and Testing
• Analytics and Reporting
• Data Storage and Backup
• Integration and Orchestration
• Resource Management
• Others

Deployment Mode Insights:

• Public
• Private
• Hybrid

Organization Size Insights:

• Large Enterprise
• Small and Medium Enterprise

Vertical Insights:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others

Regional Insights:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Latin America Cloud Computing News:

• 12 Aug 2025 - Oracle opens first sovereign cloud region in Brasília for LGPD compliance.
• 11 Aug 2025 - AWS deploys 12 edge nodes in Monterrey, cutting factory latency to 8 ms.
• 10 Aug 2025 - Chile grants USD 50 million cloud credits to 120 AI start-ups.
• 9 Aug 2025 - Google Cloud launches Buenos Aires sovereign zone under new data rules.
• 8 Aug 2025 - Peru funds USD 30 million edge cloud pilots for manufacturing.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.