Mexico Cloud Object Storage Market Size and Forecast by Type, Deployment Model, Organization Size, Pricing Model, Use Case, and End User Industry: 2019-2033

Mexico Cloud Object Storage Market Outlook

Amid Mexico’s rapidly evolving digital economy, the cloud object storage market is undergoing a transformative phase, fuelled by hyperscale investments, sovereign data demands, and a burgeoning startup ecosystem. As per David Gomes, Manager – IT, the market is projected to surpass US$ 2.9 billion by 2033, driven by rising enterprise data volumes, hybrid cloud adoption, and regulatory encouragement of localized storage.

The recent entry of Alibaba Cloud and AWS into the Mexican landscape underscores this upward trajectory. In February 2025, AWS launched a $5 billion cloud region in Querétaro, signalling not only infrastructural commitment but also the rising appetite for high-resilience, scalable object storage tailored for media, government, and banking applications

One of the pivotal drivers accelerating cloud object storage adoption is the increased need for sovereign and secure data storage frameworks. This aligns with the country’s growing focus on digital independence and cross-border data control, making object-based systems ideal due to their metadata-rich structure, scalability, and ease of integration with analytics platforms. Oracle’s recent partnership with Telmex further reinforces this trend. By embedding Oracle’s cloud storage capabilities into Telmex’s backbone network, enterprises in Mexico now access object storage with ultra-low latency and regional compliance—a critical factor for sectors like fintech, insurance, and public administration

Enterprise use cases are expanding quickly. With the rise of video surveillance analytics, AI model training, and long-term archival needs, object storage offers cost-effective, tiered scalability. Industry leaders like Quantum are also accelerating market maturity by introducing containerized object storage nodes, which improve deployment agility in hybrid environments, especially for edge-heavy industries like manufacturing and logistics. These modular offerings make storage accessible even for mid-sized enterprises with constrained infrastructure budgets

Expert insights from telecom analysts indicate that Mexico's telco-led edge infrastructure will complement object storage growth, particularly in high-density urban areas like Mexico City, Guadalajara, and Monterrey. These regions are seeing a surge in real-time IoT data ingestion, autonomous systems testing, and digital twin modeling—applications that require high-availability storage with object-level access and version control

Mexico’s cloud object storage evolution is also being shaped by global data localization discussions. Enterprises are now prioritizing regional data sovereignty in cloud contract negotiations. This shift is influencing procurement decisions among B2B sectors, where hybrid and multi-cloud strategies are becoming common. The launch of Alibaba Cloud’s first Mexican region adds competitive pressure to the market, giving CIOs more choice in vendor diversity and performance optimization

For international investors and cloud-native solution providers, Mexico offers an optimal blend of regulatory modernization, enterprise cloud readiness, and hyperscale infrastructure. With government-backed programs to digitalize public sector records and encourage open banking APIs, object storage will play a vital role in enabling next-gen digital services

Authors: David Gomes (Manager - IT)

*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]