The Latin America data storage market was valued at USD 24.57 Billion in 2025. The industry is expected to grow at a CAGR of 16.50% during the forecast period of 2026-2035 to attain a valuation of USD 113.15 Billion by 2035.
Base Year
Historical Period
Forecast Period
5G is expected to account for nearly 60% of all mobile connections in Latin America by 2030. This rollout of 5G networks is boosting connectivity and data processing, driving the need for new data storage systems.
Latin America is emerging as a focal point for AI-powered data centres. Microsoft is in the process of establishing a new data centre region in Chile and partnering on AI initiatives aimed at addressing deforestation in the Amazon.
Reportedly, 39% of organisations in Latin America planned to invest in cloud computing in 2021.
Compound Annual Growth Rate
16.5%
Value in USD Billion
2026-2035
*this image is indicative*
| Latin America Data Storage Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 24.57 |
| Market Size 2035 | USD Billion | 113.15 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 16.50% |
| CAGR 2026-2035 - Market by Region | Brazil | 18.2% |
| CAGR 2026-2035 - Market by Region | Mexico | 17.5% |
| CAGR 2026-2035 - Market by Storage Type | Enterprise Storage | 18.2% |
| CAGR 2026-2035 - Market by Storage System | Storage Area Network | 18.5% |
| Market Share by Country | Brazil | 33.2% |
By March 2023, eight countries in Latin America had already introduced commercial 5G services. Consequently, it is projected that 5G adoption will surpass 2G in 2024, 3G in 2026, and 4G in 2029. Hence, the increasing accessibility of 5G networks is surging the requirement for data storage solutions in Latin America. The rapid growth of the market in Latin America can be attributed to various factors such as digital transformation, increased cloud adoption, and technological advancements. This expansion is further bolstered by supportive government policies and economic progress. According to the Inter-American Development Bank (IDB) in 2020, digitisation of infrastructure is likely to add 5.7% to Latin American GDP over the next 10 years.
Data centres play a crucial role in providing the necessary infrastructure for data storage, management, and distribution in both physical and virtual environments. These facilities are specifically designed to accommodate a large number of servers and storage devices, ensuring the secure and efficient handling of data for various entities such as businesses, governments, and organisations. Hence, the growth of data centres, buoyed by escalating demand for cloud services, the implementation of 5G technology, and the growing adoption of AI workloads, is surging the demand for data storage solutions.
“Latin America Data Storage Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage Type
Market Breakup by Storage System
Market Breakup by Storage Architecture
Market Breakup by Application
Market Breakup by Country
| CAGR 2026-2035 - Market by | Storage Type |
| Enterprise Storage | 18.2% |
| Consumer Storage | XX% |
| CAGR 2026-2035 - Market by | Storage System |
| Storage Area Network | 18.5% |
| Network Attached Storage | XX% |
| Direct Attached Storage | XX% |
| CAGR 2026-2035 - Market by | Country |
| Brazil | 18.2% |
| Mexico | 17.5% |
| Argentina | XX% |
| Others | XX% |
Based on storage type, the market is segmented into enterprise storage and consumer storage. Enterprise storage is projected to grow at a CAGR of 18.2% during the forecast period of 2026-2035. Enterprise storage solutions are created to oversee, store, and safeguard large quantities of data produced by companies. These solutions provide flexible, dependable, and effective methods to manage data, guaranteeing its accessibility and safety.
| Market Share by | Country |
| Brazil | 33.2% |
| Mexico | XX% |
| Argentina | XX% |
| Others | XX% |
Major players are focusing on the proliferation of IoT storage and cloud adoption to gain a competitive edge in the market.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 16.50% between 2026 and 2035.
The market is being driven by the growing digital economy and increasing adoption of cloud services.
The key trends aiding the market expansion include the adoption of advanced storage and enhanced data protection systems.
The major countries considered in the market are Brazil, Mexico, and Argentina, among others.
The different applications of data storage include IT and telecommunication, BFSI, education, media and entertainment, and government, among others.
The major players in the market are Hewlett Packard Enterprise Development LP, Dell Inc., International Business Machines Corporation, Pure Storage, Inc., Dropbox, Inc., Seagate Technology Holdings PLC, Lenovo Group Ltd., Google LLC, Amazon Web Services, Inc., and Hitachi, Ltd., among others.
In 2025, the market attained a value of nearly USD 24.57 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 113.15 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Storage Type |
|
| Breakup by Storage System |
|
| Breakup by Storage Architecture |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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