The Latin America, Middle East and Africa Cloud Managed Network Market should witness market growth of 16.0% CAGR during the forecast period (2022-2028).
Networking applications or network management software used to be entirely purchased and maintained by a firm internally, along with all related costs, including purchasing new hardware and servers and paying employees. If a businessonly has one location, theycan see how expensive this can be. Still, if theyhave multiple branches and need to deploy &maintain networking equipment at each one, theresources will be at their absolute maximum. This is where cloud networking is useful.
A company can build and control private, secure online networks utilizing a cloud architecture. Everything the businessescurrently use for their network, including connection, management,security, and control, will be available in the cloud. These networks can be set up and managed without investing extra money in hardware and employees to handle them. Cloud networking is effective and infinite in providing solutions that can benefit the organization in various ways.
Companies in South America are shifting their focus from investing in technology to leveraging digital transformation initiatives for business growth. As a result, IT and cloud sourcing see several opportunities in the new environment that this competitive approach is generating. As a result, providers of cloud services are expanding their product & service offerings. In addition, the governments of regional nations are widely supporting companies to adopt advanced solutions. For example, the government of Israel and Brazil are boosting investments in advanced and innovative technologies such as 5G, artificial intelligence, big data, machine learning, and others. This all is predicted to offer growth prospects to the cloud managed network market in the LAMEA region.
The Brazil market dominated the LAMEA Cloud Managed Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $971 million by 2028. The Argentina market is experiencing a CAGR of 16.6% during (2022-2028). Additionally, The UAE market would display a CAGR of 15.7% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NTT Data Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Juniper Networks, Inc., Accenture PLC, Fujitsu Limited, NEC Corporation and Extreme Networks, Inc.
Networking applications or network management software used to be entirely purchased and maintained by a firm internally, along with all related costs, including purchasing new hardware and servers and paying employees. If a businessonly has one location, theycan see how expensive this can be. Still, if theyhave multiple branches and need to deploy &maintain networking equipment at each one, theresources will be at their absolute maximum. This is where cloud networking is useful.
A company can build and control private, secure online networks utilizing a cloud architecture. Everything the businessescurrently use for their network, including connection, management,security, and control, will be available in the cloud. These networks can be set up and managed without investing extra money in hardware and employees to handle them. Cloud networking is effective and infinite in providing solutions that can benefit the organization in various ways.
Companies in South America are shifting their focus from investing in technology to leveraging digital transformation initiatives for business growth. As a result, IT and cloud sourcing see several opportunities in the new environment that this competitive approach is generating. As a result, providers of cloud services are expanding their product & service offerings. In addition, the governments of regional nations are widely supporting companies to adopt advanced solutions. For example, the government of Israel and Brazil are boosting investments in advanced and innovative technologies such as 5G, artificial intelligence, big data, machine learning, and others. This all is predicted to offer growth prospects to the cloud managed network market in the LAMEA region.
The Brazil market dominated the LAMEA Cloud Managed Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $971 million by 2028. The Argentina market is experiencing a CAGR of 16.6% during (2022-2028). Additionally, The UAE market would display a CAGR of 15.7% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NTT Data Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Juniper Networks, Inc., Accenture PLC, Fujitsu Limited, NEC Corporation and Extreme Networks, Inc.
Scope of the Study
By Component
- Solution
- Services
By Vertical
- IT & ITeS
- BFSI
- Manufacturing
- Retail & Ecommerce
- Media & Entertainment
- Healthcare & Life Sciences
- Transportation & Logistics
- Energy & Utilities
- Others
By Organization size
- Large Enterprises
- SMEs
By Deployment Mode
- Public Cloud
- Private Cloud
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NTT Data Corporation
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Juniper Networks, Inc.
- Accenture PLC
- Fujitsu Limited
- NEC Corporation
- Extreme Networks, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Cloud Managed Network Market by Component
Chapter 5. LAMEA Cloud Managed Network Market by Vertical
Chapter 6. LAMEA Cloud Managed Network Market by Organization size
Chapter 7. LAMEA Cloud Managed Network Market by Deployment Mode
Chapter 8. LAMEA Cloud Managed Network Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Cisco Systems, Inc.
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NTT Data Corporation
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Juniper Networks, Inc.
- Accenture PLC
- Fujitsu Limited
- NEC Corporation
- Extreme Networks, Inc.
Methodology
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About the Market
The Cloud Managed Network market is a subset of the larger Network market, focusing on the use of cloud-based technologies to manage and monitor networks. Cloud Managed Networks are designed to provide organizations with a more efficient and cost-effective way to manage their networks. This is achieved by leveraging cloud-based technologies to automate network management tasks, such as configuration, monitoring, and troubleshooting. Additionally, Cloud Managed Networks can provide organizations with Read more
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