In recent years, cloud computing companies have had their eyes on the growth of Latin America's (LATAM) digital footprint. When you look at the data, it's easy to see why. LATAM's cloud computing market is impressive and still growing - with expectations to reach an estimated value of $6 billion by 2022.
Highlights from the 2021 Cloud Regional Snapshot: LATAM
In this new regional snapshot, we leveraged Intricately cloud spend and usage data from over 800,000 companies in LATAM.
Examining the growing LATAM cloud infrastructure market, here are a few highlights of what we discovered:
- More than one-third of the LATAM cloud market is demand that's unmet by the five leading providers.
- Businesses in LATAM are globalizing their cloud spend outside of their own region - creating opportunities for non-regional providers.
- The number of startups in a high-growth cloud spend tier - approximately $100-500K per month - continues to grow in countries such as Mexico, Colombia, Chile, Argentina, and others.
- There are a substantial amount of companies we consider future cloud unicorns, spending approximately $50K-$100K per month on the cloud across LATAM. Not only in LATAM's leading market of Brazil, but in secondary markets as well, like Chile and Argentina:
For a deeper look into these insights - including detailed data visualizations and analysis of specific companies who are spending significantly on the cloud - download the 2021 LATAM Cloud Market Snapshot today.
View Cloud Spend and Usage Data of More than Seven Million Global Companies with Intricately
This deep-dive into LATAM is just one of the many views that cloud go-to-market teams can see with Intricately's data.
Intricately's Global Sensor Network actively monitors the adoption, usage, and spend of 23,000 distinct cloud products and analyzes the digital infrastructure of more than seven million companies worldwide. We collect specifics on every product – from cloud hosting and data centers, to traffic management, app development, and much more. Intricately's market insights are relied on by top cloud companies like Amazon Web Services, Google, Cloudflare, and Snowflake.
Reach out to us for a demo and we can help you find the next opportunities within the LATAM market and beyond.