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Latin America Data Center Market Projected to Reach .81 Billion by 2028
The Latin America data center market is expected to grow at a CAGR of 8.1% and reach a value of .81 billion by 2028. The region is witnessing rapid technological growth and innovation, with the government taking the lead in promoting the development of cloud infrastructure.
Several major tech giants, including Microsoft, Oracle, IBM, and Huawei Innovation, have announced the establishment of new cloud regions and availability zones in Latin America. Some of these facilities are already operational, while others are set to open within the next one to two years.
The significant growth of the Latin America data center market can be attributed to top colocation service providers such as Ascenty, Equinix, HostDime, and ODATA. These providers have played a crucial role in shaping the region’s data center landscape.
The region’s increasing 5G coverage and deployment are expected to attract more investments in edge data centers. Additionally, submarine cable deployments like the Caribbean Express (CX cable) and Firmina cable are enhancing the region’s global connectivity.
The market has also witnessed consolidation and expansion through several mergers and acquisitions among colocation vendors. The adoption of technologies such as Big Data, IoT, cloud-based services, and the deployment of 5G continues to drive the Latin America data center market forward.
The report covers various segments of the market, including facility type, IT infrastructure, electrical infrastructure, mechanical infrastructure, cooling systems, cooling technique, general construction, and tier standards. It also highlights key participants in the market, including IT infrastructure providers, support infrastructure providers, data center contractors, subcontractors, investors, and new entrants.
The Latin America data center market presents a promising opportunity for growth and investment. To learn more about this market, visit the ResearchAndMarkets.com website.
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