According to the Latin America Everything as a Service (XaaS) Market 2023-2030 report, the region is estimated to progress with a compound annual growth rate of 19.08% during the forecast period 2023-2030.
Cloud usage is soaring at a rapid pace in Mexico, with approximately 84% of businesses employing a cloud-based service. Several industrial sectors have shifted to the cloud platform in recent years to streamline operations.
As per estimates, many enterprises are considering using Artificial Intelligence (AI) and Machine Learning. Further, several companies like Microsoft have announced investment plans to accelerate Digital Transformation in the country. Therefore, these developments accelerate the XaaS market’s expansion.
Similarly, multiple companies have increased investment in AI, could and blockchain solutions to accelerate their business growth in Argentina. For instance, IBM invested around US$15 million in the country’s startups and institutes to increase technological transformation.
Google also plans to launch its engineering centers in Argentina to keep pace with its cloud rollouts. Such strategic steps expect to create demand for data-driven technologies, thus powering the Everything-as-a-Service market’s development.
The Latin America Everything as a Service (Xaas) Market 2023-2030 report has been added toResearchAndMarkets.com’s offering.
