South Africa Cyber Security Market (2021-27) | Size, Analysis, COVID-19 IMPACT, Trends, Forecast, Industry, Share, Growth, Companies, Revenue, Value & Outlook
Market Forecast 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 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: ETC060883 | Publication Date: Jul 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 79 | No. of Figures: 20 | No. of Tables: 6 |
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 on-going 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 cyber security market 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 cyber criminals. 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 12.9% during 2021-27. For proper functioning and implementation of cybersecurity policy in the country, several government 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 African Police Service (SAPS), the Hawks, the South African 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, the BFSI dominated the market revenue share in 2020 owing to the increased spending on security solutions and services to remain prepared against any cyberattack in South Africa as the ongoing pandemic has increased the ransomware attacks on banks, and financial institutions. Further, the BFSI domain would show substantial growth in coming years on account of an increase in the number of cyber-attacks on the banking sector and growing adoption of cloud-based security solutions and mounting risk of data loss. 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 could increase in near future.
Market Analysis by Types
On the basis of types, Enterprise Cyber Security Services acquired the major revenue share in the market for the year 2020 owing to the increased number of cyber-attacks across all verticals which resulted in high demand of the services for hardware support, consultation services related to antivirus software. Additionally, the South African businesses and population faced consistent attacks during the pandemic and incurred heavy losses due to which the demand for cybersecurity services has increased in the country and the same trend is expected to continue in the coming years.
Key Highlights of the Report:
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
South Africa Cyber Security Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The South Africa Cyber Security Market revenue is anticipated to record a CAGR of 12.9% during 2021-27.
Enterprise Cyber Security Services has dominated the overall market revenues in the year 2020.
BFSI vertical is expected to record key growth throughout the forecast period 2021-27.
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.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. South Africa Cyber Security Market Overview |
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3.1. South Africa Cyber Security Market Revenues, 2017-2027F |
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3.2. South Africa Cyber Security Market- Industry Life Cycle |
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3.3. South Africa Cyber Security Market - Porter’s Five Forces |
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3.4. South Africa Cyber Security Market Revenue Share, By Types, 2020 & 2027F |
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3.5. South Africa Cyber Security Market Revenue Share, By Deployment, 2020 & 2027F |
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3.6. South Africa Cyber Security Market Revenue Share, By Verticals, 2020 & 2027F |
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4. Impact Analysis of COVID-19 on South Africa Cyber Security Market |
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5. South Africa Cyber Security Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. South Africa Cyber Security Market Trends |
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7. South Africa Cyber Security Market Overview, By Types |
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7.1. South Africa Cyber Security Market Revenues, By Types, 2017-2027F |
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7.1.1. South Africa Cyber Security Market Revenues, By Consumer Software, 2017-2027F |
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7.1.2. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Products, 2017-2027F |
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7.1.3. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Services, 2017-2027F |
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7.2. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Product Types, 2017-2027F |
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7.2.1. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Product Types, 2017-2027F |
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7.3. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Service Types, 2017-2027F |
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7.3.1. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Service Types, 2017-2027F |
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8. South Africa Cyber Security Market Overview, By Deployment |
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8.1. South Africa Cyber Security Market Revenues, By Cloud, 2017-2027F |
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8.2. South Africa Cyber Security Market Revenues, By On Premises, 2017-2027F |
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9. South Africa Cyber Security Market Overview, By Verticals |
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9.1. South Africa Cyber Security Market Revenues, By Government and Defense, 2017-2027F |
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9.2. South Africa Cyber Security Market Revenues, By BFSI, 2017-2027F |
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9.3. South Africa Cyber Security Market Revenues, By Retail, 2017-2027F |
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9.4. South Africa Cyber Security Market Revenues, By Healthcare and Hospitality, 2017-2027F |
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9.5. South Africa Cyber Security Market Revenues, By IT and Telecom, 2017-2027F |
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9.6. South Africa Cyber Security Market Revenues, By Energy and Utilities, 2017-2027F |
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9.7. South Africa Cyber Security Market Revenues, By Manufacturing, 2017-2027F |
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9.8. South Africa Cyber Security Market Revenues, By Other Verticals, 2017-2027F |
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10. South Africa Cyber Security Market – Key Performance Indicators |
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11. South Africa Cyber Security Market - Opportunity Assessment |
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11.1. South Africa Cyber Security Market Opportunity Assessment, By Types, 2027F |
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11.2. South Africa Cyber Security Market Opportunity Assessment, By Deployment, 2027F |
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11.3. South Africa Cyber Security Market Opportunity Assessment, By Verticals, 2027F |
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12. South Africa Cyber Security Market – Competitive Landscape |
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12.1. South Africa Cyber Security Market Revenue Share, By Company, 2020 |
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12.2. South Africa Cyber Security Market Competitive Benchmarking, By Operating Parameters |
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13. Company Profiles |
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13.1 NortonLifeLock Inc |
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13.2 McAfee, Inc |
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13.3 Oracle Corporation |
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13.4 Fortinet, Inc |
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13.5 IBM Corporation, |
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13.6 Cisco Systems Inc. |
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13.7 Dell Technologies Inc |
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13.8 Check Point Software Technologies Ltd., |
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13.9 Microsoft Corporation |
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13.10 Palo Alto Networks, Inc. |
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14. Key Strategic Recommendations |
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15. Disclaimer |
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LIST OF FIGURES |
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1. South Africa Cyber Security Market Revenues, 2017-2027F ($ Million) |
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2. South Africa Cyber Security Market - Industry Life Cycle, 2019 |
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3. South Africa Cyber Security Market Revenue Share, By Types, 2020 & 2027F |
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4. South Africa Cyber Security Market Revenue Share, By Deployment, 2020 & 2027F |
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5. South Africa Cyber Security Market Revenue Share, By Verticals, 2020 & 2027F |
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6. Compliance Process of Protection of Personal Information Act in South Africa |
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7. Costs of Cyber Security Software & Products |
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8. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Product Types, 20120 & 2027F |
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9. South Africa Cyber Security Market Revenue Share, By Enterprise Cyber Security Service Types, 2020 & 2027F |
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10. South Africa IT Spending Share, By Segments, 2020 |
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11. Share of South Africa Population Using Internet, 2017 & 2021F |
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12. South Africa ICT Spending, 2018 & 2021F ($ Billion) |
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13. South Africa Secure Internet Servers, (in Thousand), 2014-2020 |
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14. South Africa Active Internet Users (in Million) and Internet Penetration (in %), Jan 2015- Jan 2021 |
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15. South Africa Mobile Internet Performance, March 2020- March 2021 |
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16. South Africa Fixed Broadband Internet Performance, March 2020- March 2021 |
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17. South Africa Cyber Security Market Opportunity Assessment, By Product Type, 2027F |
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18. South Africa Cyber Security Market Opportunity Assessment, By Deployment, 2027F |
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19. South Africa Cyber Security Market Opportunity Assessment, By Verticals, 2027F |
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20. South Africa Cyber Security Market Revenue Share, By Companies, 2020 |
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LIST OF TABLES |
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1. South Africa Cyber Security Market Revenues, By Types, 2017-2027F ($ Million) |
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2. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Product Types, 2017-2027F |
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3. South Africa Cyber Security Market Revenues, By Enterprise Cyber Security Service Types, 2017-2027F ($ Million) |
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4. South Africa Cyber Security Market Revenues, By Deployment, 2017-2027F ($ Million) |
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5. South Africa Cyber Security Market Revenues, By Verticals, 2017-2027F ($ Million) |
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6. South Africa IT Spending, 2018-2020 ($ Million) |
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