South Africa Ai Trust, Risk And Security Management Market Size & Outlook

The ai trust, risk and security management market in South Africa is expected to reach a projected revenue of US$ 111.5 million by 2030. A compound annual growth rate of 23.2% is expected of South Africa ai trust, risk and security management market from 2024 to 2030.
Revenue, 2023 (US$M)
$25.8
Forecast, 2030 (US$M)
$111.5
CAGR, 2024 - 2030
23.3%
Report Coverage
South Africa

South Africa ai trust, risk and security management market, 2018-2030 (US$M)

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South Africa ai trust, risk and security management market highlights

  • The South Africa ai trust, risk and security management market generated a revenue of USD 25.8 million in 2023 and is expected to reach USD 111.5 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 23.2% from 2024 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.


Ai trust, risk and security management market data book summary

Market revenue in 2023USD 25.8 million
Market revenue in 2030USD 111.5 million
Growth rate23.2% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services
Key market players worldwideAT&T, International Business Machines Corp, SAP SE, ServiceNow Inc, Hewlett Packard Enterprise Co, LogicManager, Dell Technologies Inc Ordinary Shares - Class C, SAS AB


Other key industry trends

  • In terms of revenue, South Africa accounted for 1.3% of the global ai trust, risk and security management market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia ai trust, risk and security management market is projected to lead the regional market in terms of revenue in 2030.
  • UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 261.9 million by 2030.

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AI Trust, Risk And Security Management Market Companies

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South Africa ai trust, risk and security management market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai trust, risk and security management market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 69.38% in 2023. Horizon Databook has segmented the South Africa ai trust, risk and security management market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


South Africa is set to see an acceleration in the deployment of artificial intelligence in a number of sectors. Based on a process of imitating human intelligence through the creation and application of algorithms, artificial intelligence has a promising future and represents a huge opportunity for economic development.

The regulatory framework in South Africa is examined to assess the extent to which current laws and policy align with international AI ethics principles and the values underpinning the South African Constitution. To foster the growth of artificial intelligence industries, both local and global AI research centers have been created.

As an example, in 2021, the Smart Africa Alliance, in collaboration with the South African government, released the Blueprint on Artificial Intelligence for Africa. Framing AI as a ubiquitous technology with implications for various aspects of society and the economy, the Blueprint outlines five essential pillars for a successful AI strategy in African nations.



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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ai trust, risk and security management market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ai trust, risk and security management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Africa ai trust, risk and security management market size, by component, 2018-2030 (US$M)

South Africa AI Trust, Risk And Security Management Market Outlook Share, 2023 & 2030 (US$M)

South Africa ai trust, risk and security management market size, by component, 2018-2030 (US$M)

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