Mexico Cloud Storage Service Market Analysis, Size, and Forecast by Type, Deployment Model, Organization Size, Subscription Model, and Industry: 2019-2033

Mexico Cloud Storage Service Market Outlook

The Mexico Cloud Storage Service Market is undergoing a structural transformation, projected to exceed US$ 6.5 billion by 2033, expanding at a robust CAGR of over 13.2% during the forecast period, as per David Gomes, Manager – IT. This growth is propelled by a strategic confluence of public-private infrastructure investments, demand for secure and scalable enterprise storage, and Mexico's evolving digital sovereignty framework.

With hyperscale cloud providers like AWS, Alibaba Cloud, and Oracle deepening their presence through multi-billion-dollar investments in domestic data centre capacity, the Mexican cloud ecosystem is rapidly transitioning from latency-bound hybrid models to regionally compliant, low-latency storage architectures tailored for mission-critical applications. AWS’s recent announcement of a $5 billion investment into a cloud region in Mexico underscores the shift in strategy among global cloud leaders toward local cloud zone proliferation to address not only performance and redundancy, but also national data residency policies.

Similarly, Alibaba Cloud’s entry into Mexico marks a critical juncture for Asian cloud players capitalizing on Latin America’s cloud computing momentum, with localized storage, backup, and disaster recovery offerings now becoming mainstream for Mexican SMEs and mid-sized banks.

Unlike earlier waves of adoption focused on IaaS and compute elasticity, current demand is deeply rooted in the need for multi-format cloud storage—including block, file, and object storage—with enhanced data durability, multi-zone redundancy, and performance tiering. This trend is particularly evident among Mexico’s fintech ecosystem, where real-time transaction processing, immutable data storage for audit trails, and containerized app environments have become standard. According to David Gomes, "Enterprises are looking beyond cost-efficiency—performance SLAs, encryption, and API-first storage compatibility are now determining vendor choice."

Further strengthening the ecosystem, Oracle’s partnership with Telmex provides a compelling local edge cloud and storage model that blends regional data sovereignty with enterprise-grade capabilities for industries such as healthcare, e-commerce, and telecom. This collaboration taps into Telmex’s nationwide fibre network to improve edge storage capabilities and enable low-latency services in Tier-2 Mexican cities, where cloud penetration had previously lagged.

On the innovation front, containerized storage is gaining traction as Kubernetes becomes foundational in Mexico’s cloud-native transformation. Vendors like Quantum are now offering containerized file and object storage, allowing DevOps teams to deploy storage as code, integrate directly with CI/CD pipelines, and automate provisioning across hybrid and multi-cloud environments. This capability is crucial for sectors like manufacturing and media, where data pipelines demand real-time scalability without compromise on performance.

Regulatory alignment is another core driver. Mexico’s evolving data protection frameworks—particularly post-NAFTA and under USMCA influence—are pushing enterprises to localize critical data and backups. This has made in-country cloud storage availability a competitive differentiator, especially for companies operating under Ley Federal de Protección de Datos Personales (Mexico’s federal data protection law). With AI and analytics workloads now central to operational strategies, organizations are migrating from legacy NAS and SAN setups to flexible cloud object storage systems that offer deep integration with analytic engines and AI model training platforms.

The telecom sector is also leveraging cloud storage to drive network function virtualization (NFV) and enable 5G backhaul data capture. Providers like Axtel and Totalplay are exploring partnerships with global hyperscalers to host storage-intensive workloads near the edge, improving latency and throughput for mobile and OTT services in metropolitan hubs.

While pricing and bandwidth availability remain areas of concern in remote regions, investment in undersea cables, interconnection hubs, and edge zones is closing the digital divide. These infrastructure improvements are laying the groundwork for broader cloud storage adoption across education, logistics, and smart city initiatives, especially as government-funded digital transformation programs continue to scale.

Looking ahead, the Mexico cloud storage service market will be shaped by an ongoing convergence of sovereign cloud compliance, AI/ML-ready storage architecture, and containerized, software-defined storage platforms that allow enterprises to balance agility, compliance, and cost. As per David Gomes, “The next phase of growth lies in enterprise-ready, developer-optimized storage stacks that support zero-trust architectures, native multi-cloud integration, and localized DR strategies.”

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]

Mexico Cloud Storage Service Market Scope