Welcome!

@DXWorldExpo Authors: Zakia Bouachraoui, Yeshim Deniz, Liz McMillan, Elizabeth White, Pat Romanski

News Feed Item

Major Uptake of Cloud Services in Colombia will Catapult the Market to $196.6 million by 2017, Finds Frost & Sullivan

Hybrid solutions will help ease the transition from legacy to cloud services

SAO PAULO, April 8, 2014 /PRNewswire/ -- As Colombian companies become increasingly familiar with the concept of cloud computing, both current and new service providers will experience significant opportunities in the country. Enterprises are leaning toward cloud computing due to its ability to turn capital expenditure (CAPEX) into operational expenditure (OPEX) and its provision of anywhere-anytime access to information. Additionally, it helps create a flexible environment wherein companies can increase or decrease the infrastructure according to their needs.

New analysis from Frost & Sullivan, Analysis of the Colombian Cloud Computing Market, finds that the market earned revenues of $44.6 million in 2013 and estimates this to reach $196.6 million in 2017. Although infrastructure as a service (IaaS) and software as a service (SaaS) will continue to represent more than 90 percent of the cloud computing market in Colombia until 2017, platform as a service (PaaS) is beginning to find a firm foothold in the market.

While companies see the value in cloud computing, they still have relevant concerns regarding the loss of data security when outsourcing. The lack of local data centers prepared to provide cloud computing is another cause for apprehension, which was further intensified after the revelation of data espionage in the United States.

"Companies with internal datacenters prefer to keep their core business in-house, but this mindset is expected to change with the Colombian government signing Law 1581, which mandates the establishment of norms for the protection of personal data," said Frost & Sullivan ICT Industry Analyst Guilherme Campos. "Furthermore, the construction of new local data centers will encourage local companies to send their data to the cloud."

Another important challenge for cloud service providers is the resolution of clients' integration issues. For a clean migratory path, it is vital for cloud providers to be business advisories and help clients shift seamlessly from their legacy systems to the cloud.

"In this environment, cloud providers should be looking to deliver hybrid cloud offerings," noted Frost & Sullivan ICT Senior Industry Analyst Bruno Tasco. "Numerous enterprise and SMB companies are considering using solutions on the cloud, but most of them still do not have a preferred cloud provider; this translates to abundant opportunities for service providers."

If you are interested in more information on this study, please send an email to Francesca Valente, Corporate Communications, at [email protected].

Analysis of the Colombian Cloud Computing Market is part of the IT Services (http://www.ITservices.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Colombia's Total Telecommunications Services Market, Latin American Mobile Enterprise Services Market, Insights into Big Data and Analytics in Brazil. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Analysis of the Colombian Cloud Computing Market
9855-72

Contact:
Francesca Valente
Corporate Communications – Latin America
P: +54 11 4777 5300
F: +54 11 4777 5300
E: [email protected]

http://www.frost.com

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

DXWorldEXPO Digital Transformation Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...