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South Africa Cybersecurity Market

Publisher BlueWeave Consulting
Published Aug 01, 2023
Length 400 Pages
SKU # BLWC18132135

Description

South Africa Cybersecurity Market, By Offering (Security Type, Services); By Deployment Mode (Cloud, On-premises); By End User (BFSI, Healthcare, Manufacturing, Government & Defense, IT & Telecommunications, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


South Africa Cybersecurity Market Size Booming to Touch USD 10.02 Billion by 2029

South Africa cybersecurity market is gaining traction because of the increasing digital transformation and rising awareness about the potential financial and reputational damage caused by cybercrimes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa cybersecurity market size at USD 3.28 billion in 2022. During the forecast period between 2023 and 2029, the South Africa cybersecurity market size is projected to grow at an impressive CAGR of 20.45% reaching a value of USD 10.02 billion by 2029. The adoption of IoT and the BYOD trend, as well as an increase in malware and phishing threats among businesses, are significant development factors for the South Africa cybersecurity market. The rapid adoption of digital technologies for data collecting, storage, analysis, and sharing has led to an increase in the need for digital data security, which is also emerging as a crucial factor supporting the growth of the South African cybersecurity market.

South Africa Cybersecurity Market – Overview


Security is the process of guarding against unwanted access to networks, systems, and applications, as well as online or digital threats. Numerous strategies can be used to combat cybercrime, including but not limited to critical infrastructure security, network security, application security, cloud security, disaster recovery/business continuity planning, storage security, and others. Additionally, since organizations gather, store, and use a lot of personal data online, cybersecurity is a primary priority for corporations and military, financial, and healthcare organizations.

South Africa Cybersecurity Market – By Deployment Mode

Based on deployment mode, South Africa Cybersecurity market is segmented into cloud and on-premises. The on-premises deployment accounts for a larger market share. The largest market share was held by on-premises. On-premises deployment gives organizations control over their data that the cloud frequently lacks and is dependable and secure. However, cloud deployment is anticipated to register a higher growth rate during the forecast period. This form of deployment is becoming more popular among businesses with aggressive worldwide expansion plans since it makes it simple for them to communicate with customers, partners, and other businesses wherever they are.

Impact of COVID-19 on South Africa Cybersecurity Market

South Africa cybersecurity market witnessed unprecedented growth post the COVID 19 pandemic outbreak. The government as well as payment platforms were overburdened with traffic and exposed to threats. According to the Cybersecurity Institute, an unanticipated technical issue with the South African Social Security Agency's payment system prevented over 450,000 social grant recipients from receiving their urgently needed financial assistance, while over 435,000 people received double payments. The cybersecurity deployment in South Africa spiked following pandemic to prevent such glitches, propelling the overall market growth.

Competitive Landscape

Major players operating in South Africa cybersecurity market include Dimension Data, Nclose, Bytes Technology Group, SensePost, CyberTech, Astute FSE, ContinuitySA, Telspace Systems, and Securicom. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Africa Cybersecurity Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Africa Cybersecurity Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

400 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. South Africa Cybersecurity Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing cyber threats
3.2.1.2. Digital transformation
3.2.1.3. Rising awareness of the potential financial and reputational damage caused by cyberattacks
3.2.2. Restraints
3.2.2.1. Lack of skilled professionals
3.2.2.2. Limited Cybersecurity awareness
3.2.3. Opportunities
3.2.3.1. Increased adoption of cloud services
3.2.3.2. Rising demand for managed security services
3.2.4. Challenges
3.2.4.1. Lack of standardized frameworks
3.2.4.2. Cross-border Cybercrimes
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. South Africa Cybersecurity Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Offering
4.2.1.1. Security Type
4.2.1.2. Services
4.2.2. By Deployment
4.2.2.1. Cloud
4.2.2.2. On-premises
4.2.3. By End User
4.2.3.1. BFSI
4.2.3.2. Healthcare
4.2.3.3. Manufacturing
4.2.3.4. Government & Defense
4.2.3.5. IT & Telecommunication
4.2.3.6. Other
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. South Africa Cybersecurity Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on South Africa Cybersecurity Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Dimension Data
7.2. Nclose
7.3. Bytes Technology Group
7.4. SensePost
7.5. CyberTech
7.6. Astute FSE
7.7. ContinuitySA
7.8. Telspace Systems
7.9. Securicom
7.10. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
10. *Financial information of non-listed companies can be provided as per availability.
11. **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 South Africa Cybersecurity Segmentation
Figure 2 South Africa Cybersecurity Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 South Africa Cybersecurity Market Size, By Value (USD Billion), 2019–2029
Figure 5 South Africa Cybersecurity Market Share, By Offering, By Value, 2019–2029
Figure 6 South Africa Cybersecurity Market Share, By Deployment, By Value, 2019–2029
Figure 7 South Africa Cybersecurity Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 South Africa Cybersecurity Market Size, By Value (USD Billion), 2019–2029
Table 2 South Africa Cybersecurity Market Size, By Offering, By Value, 2019–2029
Table 3 South Africa Cybersecurity Market Size, By Deployment, By Value, 2019–2029
Table 4 South Africa Cybersecurity Market Size, By End User, By Value, 2019–2029
Table 5 Dimension Data Company Overview
Table 6 Dimension Data Financial Overview
Table 7 Nclose Company Overview
Table 8 Nclose Financial Overview
Table 9 Bytes Technology Group Company Overview
Table 10 Bytes Technology Group Financial Overview
Table 11 SensePost Company Overview
Table 12 SensePost Financial Overview
Table 13 EOH Company Overview
Table 14 EOH Financial Overview
Table 15 CyberTech Company Overview
Table 16 CyberTech Financial Overview
Table 17 Astute FSE Company Overview
Table 18 Astute FSE Financial Overview
Table 19 ContinuitySA Company Overview
Table 20 ContinuitySA Financial Overview
Table 21 Telspace Systems Company Overview
Table 22 Telspace Systems Financial Overview
Table 23 Securicom Company Overview
Table 24 Securicom Financial Overview
Table 25 Other Prominent Players Company Overview
Table 26 Other Prominent Players Financial Overview

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