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The Latin America data center market is projected to reach a value of .81 billion by 2028, growing at a CAGR of 8.1%. This growth can be attributed to the rapid technological growth and innovation in the region, with the government spearheading initiatives to foster the development of cloud infrastructure.

Major tech giants like Microsoft, Oracle, IBM, and Huawei Innovation have announced the establishment of new cloud regions and availability zones in Latin America. Some of these regions 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, who have played a crucial role in shaping the region’s data center landscape.

The rise in 5G coverage and deployment across the region is expected to attract more investments in edge data centers. Additionally, submarine cable deployments, such as the Caribbean Express (CX cable) and Firmina cable, are enhancing the region’s global connectivity.

The market has also witnessed several mergers and acquisitions among colocation vendors, signaling a period of consolidation and expansion. Key drivers such as the adoption of Big data, IoT, cloud-based services, and the deployment of 5G continue to propel the Latin America data center market forward.

The report provides insights into the various segments of the market, including facility type, IT infrastructure, electrical infrastructure, mechanical infrastructure, cooling systems, cooling technique, general construction, and tier standards.

The market participants include IT infrastructure providers, support infrastructure providers, data center contractors & subcontractors, data center investors, and new entrants. Some of the notable IT infrastructure providers in the Latin American market include Arista Networks, Broadcom, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, Juniper Networks, Lenovo, NetApp, and Oracle.

In conclusion, the Latin America data center market is experiencing significant growth, driven by technological advancements, government initiatives, and the rise of 5G deployment. This growth presents opportunities for both established industry players and new entrants in the market.

The post Latin America Data Center Market Analysis Report 2023-2028: Booming 5G Deployment Sparks Surge in Edge Data Center Investments appeared first on satProviders.