South America Public Cloud Market, By Industry (USD Billion)

Year IT & TELECOMMUNICATION MANUFACTURING BFSI RETAIL HEALTHCARE GOVERNMENT AEROSPACE AND DEFENSE OTHERS
2019 $ 2.3 $ 1.2 $ 3.1 $ 1.6 $ 1.0 $ 0.6 $ 0.5 $ 1.8
2020 $ 2.9 $ 1.5 $ 3.8 $ 2.0 $ 1.2 $ 0.8 $ 0.7 $ 2.3
2021 $ 3.7 $ 2.0 $ 4.9 $ 2.6 $ 1.5 $ 1.0 $ 0.8 $ 2.9
2022 $ 4.7 $ 2.5 $ 6.2 $ 3.2 $ 2.0 $ 1.3 $ 1.0 $ 3.7
2023 $ 5.8 $ 3.2 $ 7.6 $ 3.9 $ 2.4 $ 1.6 $ 1.3 $ 4.6
2024 $ 6.9 $ 3.8 $ 9.0 $ 4.6 $ 2.9 $ 1.9 $ 1.5 $ 5.4
2025 $ 8.0 $ 4.4 $ 10.4 $ 5.2 $ 3.4 $ 2.2 $ 1.7 $ 6.3
2026 $ 9.1 $ 5.1 $ 11.8 $ 5.9 $ 3.9 $ 2.5 $ 2.0 $ 7.1
2027 $ 10.2 $ 5.7 $ 13.1 $ 6.5 $ 4.3 $ 2.7 $ 2.2 $ 8.0
2028 $ 11.3 $ 6.4 $ 14.5 $ 7.1 $ 4.8 $ 3.0 $ 2.4 $ 8.8
2029 $ 12.3 $ 7.1 $ 15.7 $ 7.6 $ 5.3 $ 3.3 $ 2.6 $ 9.6
2030 $ 13.1 $ 7.6 $ 16.8 $ 8.1 $ 5.7 $ 3.6 $ 2.8 $ 10.3
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South America Public Cloud Market, By Industry (USD Billion)

Synopsis
The above chart is South America Public Cloud Market, By Industry (USD Billion)

Market Dynamics

the public cloud market in south america has been witnessing significant growth over the last few years, and this trend is expected to continue well into the future. one of the key factors driving this growth is the increasing adoption of cloud computing in various industries across the region. let us take a closer look at the industries that are driving the demand for public cloud services in south america. the first and foremost industry that has been a major contributor to the growth of the public cloud market in south america is the it sector. with the increasing digitalization, organizations in this sector are increasingly shifting their operations to the cloud to improve their efficiency and reduce costs. the flexibility, scalability, and cost-effectiveness of public cloud services have made them an attractive option for it companies in the region. additionally, with the growing demand for advanced technologies like big data and internet of things (iot), the need for reliable and powerful cloud services has become imperative. the e-commerce industry is another major player in the demand for public cloud services in south america. as consumers in the region are increasingly turning to online shopping, e-commerce companies are under pressure to provide a seamless and uninterrupted online shopping experience. public cloud services, with their ability to handle large volumes of data and high traffic, are well suited to meet the demands of the e-commerce industry. moreover, the pay-as-you-go pricing model of public cloud services is a cost-effective option for e-commerce businesses, which experience high variability in their traffic. the healthcare industry in south america is also rapidly adopting public cloud services. with the advancement of medical technology, there has been an increase in the generation, storage, and analysis of medical data. cloud computing offers a secure and efficient platform for healthcare organizations to manage this vast amount of data. additionally, public cloud services provide real-time access to patient records, enabling healthcare providers to deliver better and faster services to their patients. in conclusion, the demand for public cloud services in south america is not limited to any one industry, but it has been fueled by the increasing adoption of cloud computing in different sectors. as more businesses and organizations recognize the benefits of public cloud services, the demand is expected to continue to grow in the coming years.

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