The Latin America, Middle East and Africa Cloud Services Brokerage Market is expected to witness market growth of 19.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cloud Services Brokerage Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $702.7 million by 2031. The Argentina market is showcasing a CAGR of 20% during 2024-2031. Additionally, the UAE market would register a CAGR of 18.2% during 2024-2031.
Many organizations, particularly those in industries with strict data sovereignty regulations, prefer a hybrid approach to maintain greater control over sensitive data while leveraging the scalability of public cloud services. CSBs simplify hybrid cloud deployment by providing tools for automated provisioning, cloud orchestration, and workload balancing between on-premise and cloud environments.
Beyond technical considerations, regulatory compliance is also a major reason businesses turn to CSBs. With governments tightening data privacy and security laws, enterprises must ensure their cloud operations comply with local and international regulations. CSBs provide businesses with automated compliance checks, policy enforcement mechanisms, and audit trails that simplify regulatory adherence and mitigate risks.
The rapid expansion of IoT, AI, and cloud computing in Saudi Arabia and Brazil significantly contributes to the market's growth. As enterprises in these regions increasingly adopt digital transformation strategies, the demand for cloud service intermediaries that facilitate seamless integration, cost management, and security compliance is rising. The growing reliance on cloud-based solutions across industries drives the need for CSBs to optimize cloud service consumption and management. In Saudi Arabia, the projected $2.9 billion IoT industry and its 12.8% annual growth rate indicate a robust demand for cloud infrastructure and data management solutions. With industrialized IoT, AI, and data centers forming the core of this expansion, businesses require effective cloud service brokerage to streamline multi-cloud environments and ensure interoperability among IoT-driven applications. The increasing cloud investments by enterprises and government-led digital initiatives, such as Vision 2030, further propels CSB adoption by facilitating automated cloud resource allocation, security compliance, and cost efficiency. Hence, the rising IoT, AI, and cloud computing investments in Saudi Arabia and Brazil are significantly fuelling the market.
The Brazil market dominated the LAMEA Cloud Services Brokerage Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $702.7 million by 2031. The Argentina market is showcasing a CAGR of 20% during 2024-2031. Additionally, the UAE market would register a CAGR of 18.2% during 2024-2031.
Many organizations, particularly those in industries with strict data sovereignty regulations, prefer a hybrid approach to maintain greater control over sensitive data while leveraging the scalability of public cloud services. CSBs simplify hybrid cloud deployment by providing tools for automated provisioning, cloud orchestration, and workload balancing between on-premise and cloud environments.
Beyond technical considerations, regulatory compliance is also a major reason businesses turn to CSBs. With governments tightening data privacy and security laws, enterprises must ensure their cloud operations comply with local and international regulations. CSBs provide businesses with automated compliance checks, policy enforcement mechanisms, and audit trails that simplify regulatory adherence and mitigate risks.
The rapid expansion of IoT, AI, and cloud computing in Saudi Arabia and Brazil significantly contributes to the market's growth. As enterprises in these regions increasingly adopt digital transformation strategies, the demand for cloud service intermediaries that facilitate seamless integration, cost management, and security compliance is rising. The growing reliance on cloud-based solutions across industries drives the need for CSBs to optimize cloud service consumption and management. In Saudi Arabia, the projected $2.9 billion IoT industry and its 12.8% annual growth rate indicate a robust demand for cloud infrastructure and data management solutions. With industrialized IoT, AI, and data centers forming the core of this expansion, businesses require effective cloud service brokerage to streamline multi-cloud environments and ensure interoperability among IoT-driven applications. The increasing cloud investments by enterprises and government-led digital initiatives, such as Vision 2030, further propels CSB adoption by facilitating automated cloud resource allocation, security compliance, and cost efficiency. Hence, the rising IoT, AI, and cloud computing investments in Saudi Arabia and Brazil are significantly fuelling the market.
List of Key Companies Profiled
- Accenture PLC
- ActivePlatform Limited
- Infosys Limited
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- IBM Corporation
- NTT Data Corporation
- Broadcom, Inc.
- Wipro Limited
Market Report Segmentation
By Platform
- Internal Brokerage Enablement
- External Brokerage Enablement
By Service
- Integration & Support
- Automation & Orchestration
- Billing & Provisioning
- Migration & Customization
- Security & Compliance
- Other Service
By Deployment
- Public
- Hybrid
- Private
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By End use
- IT & Telecommunications
- BFSI
- Government & Public Sector
- Healthcare
- Consumer Goods & Retail
- Manufacturing
- Energy & Utilities
- Other End Use
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Cloud Services Brokerage Market by Platform
Chapter 6. LAMEA Cloud Services Brokerage Market by Service
Chapter 7. LAMEA Cloud Services Brokerage Market by Deployment
Chapter 8. LAMEA Cloud Services Brokerage Market by Enterprise Size
Chapter 9. LAMEA Cloud Services Brokerage Market by End use
Chapter 10. LAMEA Cloud Services Brokerage Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Accenture PLC
- ActivePlatform Limited
- Infosys Limited
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- IBM Corporation
- NTT Data Corporation
- Broadcom, Inc.
- Wipro Limited
Methodology
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