South Africa Cyber Security Market (2020-2026)

Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others) And Competitive Landscape.

Product Code: ETC003252 Publication Date: Jul 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

South Africa Cyber Security Market report thoroughly covers the market by types, deployment and verticals. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, key performance indicators and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

South Africa Cyber Security Market Synopsis

South Africa Cybersecurity Market size is anticipated to witness strong growth over the coming years on account of rapid growth in internet users combined with growing dependability on e-governance, IoT, commercial services and social networking that has upturned the vulnerability of both inhabitants and government to cybercriminals. Additionally, an increasing number of cybercriminal organizations in the country is another major factor that has driven the market of cybersecurity in the recent past. However, the sudden outbreak of COVID 19 in the country has halted the operation in several sectors such as retail, hospitality, energy & utility, which in turn would hamper the growth of cybersecurity industry during the year 2020. However, the ongoing global pandemic COVID-19 hampered the overall economic growth of South Africa, thus, restraining the growth of the cyber security market as well.

According to 6Wresearch, South Africa Cyber Security Market size is projected to grow at CAGR of 11.1% during 2020-2026.  For proper functioning and implementation of cybersecurity policy in the country, several governments departments and organizations such as Centre for Scientific and Industrial Research (CSIR), the State Information Technology Agency (SITA), the State Security Agency (SSA), the South Africa Police Service (SAPS), the Hawks, the South Africa National Defence Force (SANDF), and the Department of Communications and Digital Technologies (DCDT) are working together. Such strong governmental support for sectors such as telecoms, retail, finance and health would amplify the demand for enterprise cybersecurity products, services and consumer software in the country. Based on types, enterprise cybersecurity services dominated the market revenue share in 2020 in the overall cybersecurity market owing to factors such as cost considerations, focus on core competencies, lesser time consumption and increasing share of cloud-based service model.

Market Analysis by Verticals

Based on verticals, in 2019, IT & Telecommunication, BFSI and Government sector accounted for a cumulative market share of around 55% in the overall market revenues. the IT & Telecommunication and BFSI verticals were the highest revenue-generating segments in 2019 owing to the heavy deployment of cybersecurity products and services in such sectors. Further, the BFSI domain would show substantial growth in forthcoming years on account of an increase in the number of cyber-attacks on the banking sector. According to the report published by South African Banking Risk Information Centre 2019, around 16,296 acts of cybercrime were done alone to banking sector thereby resulting in the loss of around $15 million and the number would troll heavily in years to come.

The modern market landscape is leading to increased efforts to strengthen the infrastructure and improve the Solutions and aid provided by the software industry and remove the dexterities owing to the scarcity of manpower witnessed by the software industry along with due arrangements of the necessary funds and resources to run the effective test and measurement and implementation of internet of thing technology in the software industry to ensure safety and security backed by the rising cyber-attacks as South Africans prepare themselves to go digital and adopt the technology upgraded software systems and is expected to be a potential driver for the skyrocketing growth of the Cyber Security market in South Africa in the coming future. Further, to bring in high technology and fast communication access, many satellite industry-based private players across the world are working towards the growth and expansion of their present infrastructure to enhance the installation and integration of the necessary equipment related to the Cyber Security in every nook and corner of the world along with the alignment of the same with the evolving augmented reality environment and as a result, is further, expected to be a positive driving growth factor for the South Africa Cyber Security market in the near future.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects

Key Highlights of the Report

  • South Africa Cyber Security Market Overview
  • South Africa Cyber Security Market Outlook
  • South Africa Cyber Security Market Forecast, Until 2027
  • Historical Data and Forecast of South Africa Cyber Security Market Revenues, for the period 2017-2027
  • Market Drivers and Restraints
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Competitive Benchmarking
  • South Africa Cyber Security Market Trends
  • South Africa Cyber Security Market Share, By Players
  • Company Profiles
  • Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Types
    • Consumer Software
    • Enterprise Cyber Security Products
      • Identity and Access Management (IAM)
      • Data Loss Prevention (DLP)
      • Endpoint Protection
      • Firewall
      • Intrusion Prevention System (IPS)
      • Secure Email Gateway (SEG)
      • Secure Web Gateway (SWG)
      • Security Information and Event Management (SIEM)
      • Testing
      • Other Software (DDoS, Risk and Compliance etc.)
    • Enterprise Cyber Security Services
      • Managed Security Services
      • Outsourcing, Implementation, and Hardware Support
      • Consulting Services
  • By Deployment
    • Cloud
    • On-Premises
  • By Verticals
    • Government and Defense
    • BFSI
    • Retail
    • Healthcare and Hospitality
    • IT and Telecom
    • Energy and Utilities
    • Manufacturing
    • Others (Water Treatment Plants, Chemical Industry etc.)

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the South Africa Cyber Security Market over the coming years?
    The South Africa Cyber Security Market revenue is anticipated to record a CAGR of 11.1% during 2020-26.
  • Which segment has captured key share of the market?
    Enterprise Cyber Security Services has dominated the overall market revenues in the year 2020.
  • Which segment is exhibited to gain traction over the forecast period?
    IT & Telecommunication vertical is expected to record key growth throughout the forecast period 2020-26.
  • Who are key the key players of the market?
    The key players of the market include- Norton LifeLock Inc, McAfee, Inc, Oracle Corporation, Fortinet, Inc, IBM Corporation, Cisco Systems Inc., Dell Technologies Inc, Check Point Software Technologies Ltd., Microsoft Corporation, Palo Alto Networks, Inc.
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

  • South Africa Cyber Security Market (2017-2027F)
  • Kenya Cyber Security Market (2017-2027F)
  • Nigeria Cyber Security Market (2017-2027F)

TABLE OF CONTENTS

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. South Africa Cyber Security Market Overview

3.1 South Africa Cyber Security Market Revenues, 2016-2026F

3.2 South Africa Cyber Security Market Revenue Share, By Types, 2019 & 2026F

3.3 South Africa Cyber Security Market Revenue Share, By Deployment, 2019 & 2026F

3.4 South Africa Cyber Security Market Revenue Share, By Verticals, 2019 & 2026F

3.5 South Africa Cyber Security Market Revenue Share, By Types, 2019 & 2026F

3.6 South Africa Cyber Security Market- Industry Life Cycle

3.7 South Africa Cyber Security - Porter’s Five Forces

4. South Africa Cyber Security Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. South Africa Cyber Security Market Trends & Evolution

6. South Africa Cyber Security Market Overview, By Types

6.1. South Africa Cyber Security Market Revenues, By Solutions, 2016-2026F

6.1.1. South Africa Cyber Security Market Revenue Share, By Solution Types, 2019 & 2026F

6.1.2. South Africa Cyber Security Market Revenues, By Solution Types, 2016-2026F

6.2. South Africa Cyber Security Market Revenues, By Services, 2016-2026F

6.2.1. South Africa Cyber Security Market Revenue Share, By Service Types, 2019 & 2026F

6.2.2. South Africa Cyber Security Market Revenues, By Service Types, 2016-2026F

7. South Africa Cyber Security Market Overview, By Deployment

7.1. South Africa Cyber Security Market Revenues, By Cloud, 2016-2026F

7.2. South Africa Cyber Security Market Revenues, By On-Premises, 2016-2026F

8. South Africa Cyber Security Market Overview, By Verticals

8.1. South Africa Cyber Security Market Revenues, By Government & Defence, 2016-2026F

8.2. South Africa Cyber Security Market Revenues, By BFSI, 2016-2026F

8.3. South Africa Cyber Security Market Revenues, By Retail, 2016-2026F

8.4. South Africa Cyber Security Market Revenues, By Healthcare & Hospitality, 2016-2026F

8.5. South Africa Cyber Security Market Revenues, By IT & Telecommunication, 2016-2026F

8.6. South Africa Cyber Security Market Revenues, By Energy & Utilities, 2016-2026F

8.7. South Africa Cyber Security Market Revenues, By Manufacturing, 2016-2026F

8.8. South Africa Cyber Security Market Revenues, By Others, 2016-2026F

9. South Africa Cyber Security Market – Key Performance Indicators

10. South Africa Cyber Security Market - Opportunity Assessment

10.1. South Africa Cyber Security Market Opportunity Assessment, By Types, 2026F

10.2. South Africa Cyber Security Market Opportunity Assessment, By Deployment, 2026F

10.3. South Africa Cyber Security Market Opportunity Assessment, By Verticals, 2026F

11. South Africa Cyber Security Market – Competitive Landscape

11.1. South Africa Cyber Security Market Revenue Share, By Company, 2019

11.2. South Africa Cyber Security Market, By Operating and Technical Parameters, 2019

12. Company Profiles

20.1. Cisco Systems Inc.

20.2. Check Point Software Technologies Ltd.

20.3 Palo Alto Networks Inc.

20.4. STC

20.5. Dell Technologies

20.6. Kaspersky Lab

20.7. IBM Corporation

20.8. NEC Corporation

20. NortonLifeLock Inc

20.10. FireEye Inc.

20.11. TrendMicro Inc.

21. Key Strategic Recommendations

22. Disclaimer

List Of Figures

Figure 1. South Africa Cyber Security Market Revenues, 2016-2026F ($ Million)

Figure 2. South Africa Cyber Security Market Revenue Share, By Types, 2019 & 2026F

Figure 3. South Africa Cyber Security Market Revenues, By Consumer Software, 2016-2026F ($ Million)

Figure 4. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Products, 2016-2026F ($ Million)

Figure 5. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Product Types, 2019 & 2026F

Figure 6. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Services, 2016-2026F ($ Million)

Figure 7. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Service Types, 2019 & 2026F

Figure 8. South Africa Cyber Security Market Revenue Share, By Deployment, 2019 & 2026F

Figure 9. South Africa Cyber Security Market Revenues, By Cloud Deployment, 2016-2026F

Figure 10. South Africa Cyber Security Market Revenues, By On-Premises Deployment, 2016-2026F

Figure 11. South Africa Cyber Security Market Revenue Share, By Verticals, 2019 & 2026F

Figure 12. South Africa IT Spending Share, By Segments, 2020E

Figure 13. Share of South Africa Population Using Internet, 2016 & 2021F

Figure 14. South Africa ICT Spending, 2018 & 2021F ($ Billion)

List Of Tables

Table 1. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Product Types, 2016-2026F

Table 2. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Service Types, 2016-2026F ($ Million)

Table 3. South Africa Cyber Security Market Revenues, By Verticals, 2016-2026F ($ Million)

Table 4. South Africa IT Spending, 2018-2020E ($ Million)

UAE Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare, And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others) And Competitive Landscape

Nigeria Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare, And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others) And Competitive Landscape

Middle East and Africa (MEA) Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare, And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others), By Countries (Saudi Arabia, United Arab Emirates, Turkey, Kuwait, Oman, Qatar, Bahrain, South Africa, Egypt, Nigeria & Rest Of The Middle East And Africa) And Competitive Landscape

Egypt Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare, And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others) And Competitive Landscape

Global Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) And Competitive Landscape.

North America Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Countries(the United States of America, Canada & Rest of North America)And Competitive Landscape.

Latin America Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Countries(BrazilArgentinaMexico & Rest of Latin America)And Competitive Landscape.

Europe Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Countries(Germany, Italy, France, United Kingdom & Rest of Europe)And Competitive Landscape.

Asia Pacific Cyber Security Market (2020-2026): Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Countries (IndiaChinaJapanAustraliaIndonesiaMalaysiaThailand & Rest of Asia Pacific)And Competitive Landscape.

 
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