Info. Technology - Brazil

Brazil's cloud investments to rise 74%, with less than half of market adoption

Brazil's cloud investments to rise 74%, with less than half of market adoption

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Investments in cloud computing in Brazil are expected to reach US$302mn this year for 74% growth compared to 2012, but only 38.8% of local corporates have implemented or are implementing cloud projects, according to a new Frost&Sullivan survey on the issue.

In addition, 38.1% of the market has yet to deploy anything related to cloud computing, while 23.1% claim to be studying the technology.

The consultancy interviewed 121 CIOs or IT executives from medium and large Brazilian corporates to assess their cloud computing strategies for the coming years.

According to Bruno Tasco, industry analyst for Latin America, Brazil has significantly improved its awareness about cloud computing. Still, only 3.3% of those surveyed claimed to have "excellent" knowledge.

Over half of those interviewed, or 52.9%, said they had "good" cloud computing knowledge, while 14.9% claimed their knowledge was "very good," 21.5% said "regular" and 7.4% said "bad."

The Infrastructure-as-a-service (IaaS) and Software-as-a-service (SaaS) models continue to generate the largest proportion of cloud revenues and will continue to do so over the next five years, as opposed to platform-as-a-service (PaaS), says Frost.

According to the study, storage activities will grow at 10.7% CAGR, followed by disaster recovery at 9.9%, dedicated hosting at 9.3% and colocation at 6.6%.