The Latin America, Middle East and Africa Insights-as-a-Service Market is expected to witness market growth of 23.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Insights-as-a-Service Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $400.9 million by 2031. The Argentina market is registering a CAGR of 25% during 2024-2031. Additionally, the UAE market would witness a CAGR of 22.3% during 2024-2031.
Data security and privacy have become increasingly important as more businesses rely on third-party providers for analytics. The growing number of data breaches and stricter data protection regulations have led IaaS providers to invest in advanced security measures to safeguard customer data. Businesses are now more focused on ensuring that their data is protected and that they comply with regulations such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA).
Finally, there is a shift toward industry-specific IaaS solutions. Rather than offering one-size-fits-all analytics platforms, providers are developing customized solutions tailored to the unique needs of different industries. For example, healthcare-focused platforms may offer specialized tools for patient outcome predictions, while retail platforms might focus on customer segmentation and demand forecasting.
Healthcare remains a key priority in Saudi Arabia, with the government projected to allocate $50.4 billion for healthcare and social development in 2023. As Saudi Arabia leads healthcare spending in the GCC, it is expected to leverage data and insights to optimize its healthcare infrastructure, enhance patient outcomes, and drive innovation. This growth in healthcare spending will likely increase demand for IaaS solutions capable of delivering advanced analytics, reporting, and decision-making capabilities, further fueling the market’s growth.
Both regions’ rising healthcare expenditures align with a broader regional push for digital transformation, where data-driven solutions such as IaaS are becoming integral in shaping more efficient and innovative healthcare services. This transformation will likely spur the adoption of these services across multiple verticals, not just healthcare but also in areas like public health, logistics, and supply chain management, all contributing to the expansion of the IaaS market in the UAE and Saudi Arabia.
The Brazil market dominated the LAMEA Insights-as-a-Service Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $400.9 million by 2031. The Argentina market is registering a CAGR of 25% during 2024-2031. Additionally, the UAE market would witness a CAGR of 22.3% during 2024-2031.
Data security and privacy have become increasingly important as more businesses rely on third-party providers for analytics. The growing number of data breaches and stricter data protection regulations have led IaaS providers to invest in advanced security measures to safeguard customer data. Businesses are now more focused on ensuring that their data is protected and that they comply with regulations such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA).
Finally, there is a shift toward industry-specific IaaS solutions. Rather than offering one-size-fits-all analytics platforms, providers are developing customized solutions tailored to the unique needs of different industries. For example, healthcare-focused platforms may offer specialized tools for patient outcome predictions, while retail platforms might focus on customer segmentation and demand forecasting.
Healthcare remains a key priority in Saudi Arabia, with the government projected to allocate $50.4 billion for healthcare and social development in 2023. As Saudi Arabia leads healthcare spending in the GCC, it is expected to leverage data and insights to optimize its healthcare infrastructure, enhance patient outcomes, and drive innovation. This growth in healthcare spending will likely increase demand for IaaS solutions capable of delivering advanced analytics, reporting, and decision-making capabilities, further fueling the market’s growth.
Both regions’ rising healthcare expenditures align with a broader regional push for digital transformation, where data-driven solutions such as IaaS are becoming integral in shaping more efficient and innovative healthcare services. This transformation will likely spur the adoption of these services across multiple verticals, not just healthcare but also in areas like public health, logistics, and supply chain management, all contributing to the expansion of the IaaS market in the UAE and Saudi Arabia.
List of Key Companies Profiled
- Accenture PLC
- Capgemini SE
- Dell Technologies, Inc.
- Oracle Corporation
- Microsoft Corporation
- GoodData Corporation
- IBM Corporation
- Infosys Limited
- NTT Data Corporation
- Tata Consultancy Services Ltd.
Market Report Segmentation
By Type
- Descriptive Insights
- Predictive Insights
- Prescriptive Insights
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Enterprise
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By End-use
- BFSI
- Retail & E-commerce
- IT & Telecom
- Healthcare
- Manufacturing
- Media & Entertainment
- Government
- 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 Insights-as-a-Service Market by Type
Chapter 6. LAMEA Insights-as-a-Service Market by Deployment
Chapter 7. LAMEA Insights-as-a-Service Market by Enterprise
Chapter 8. LAMEA Insights-as-a-Service Market by End-use
Chapter 9. LAMEA Insights-as-a-Service Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Accenture PLC
- Capgemini SE
- Dell Technologies, Inc.
- Oracle Corporation
- Microsoft Corporation
- GoodData Corporation
- IBM Corporation
- Infosys Limited
- NTT Data Corporation
- Tata Consultancy Services Ltd.
Methodology
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