Cloud Computing Adaption Will Grow 26% in Latin America Over Next Several Years

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According to Whatech, Latin America’s cloud computing market is poised to grow dramatically within the next several years as more telecommunication companies enter the market, making it possible for businesses to access the infrastructure needed to participate in cloud computing. Analysts are saying that the cloud computing solutions market for Latin America will likely grow at a CAGR of 26% between 2013 to 2018.

What exactly is cloud? For those not familiar, cloud refers to storing and processing data in a remote location, and sharing it over a network (usually the internet). This allows businesses to access data from any location, which not only increases flexibility, but decreases the risks a company takes on when they have hardware in-house (like running out of space and becoming unab