South Africa Generative Ai Market Size & Outlook
South Africa generative ai market, 2017-2030 (US$M)
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South Africa generative ai market highlights
- The South Africa generative ai market generated a revenue of USD 311.7 million in 2024 and is expected to reach USD 1,960.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 29.9% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Generative ai market data book summary
| Market revenue in 2024 | USD 311.7 million |
| Market revenue in 2030 | USD 1,960.3 million |
| Growth rate | 29.9% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Ai Holdings Corp, Amazon.com Inc, International Business Machines Corp, Alphabet Inc Class A, Microsoft Corp, Adobe Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.8% of the global generative ai market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa generative ai market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,960.3 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa generative ai 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 generative ai market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 64.58% in 2024. Horizon Databook has segmented the South Africa generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa has also been attracting significant venture capital investment in predictive analytics startups. For instance, South African venture capital firm Knife Capital has invested in various startups in the predictive analytics space, such as data analytics platform Fraym and marketing analytics startup AdiMap.
The country has also seen investment from international venture capital firms, such as HAVAÍC, which has invested in South African AI startup DataProphet. South African companies have been exploring the application of predictive analytics technology in various industries, such as finance and healthcare.
For instance, South African fintech company JUMO has developed a predictive analytics platform that uses machine learning to assess credit risk and offer loans to underserved populations.The country has also seen the development of predictive analytics models for healthcare, such as predicting patient readmissions and identifying high-risk patients for proactive interventions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa generative ai market , including forecasts for subscribers. This country databook contains high-level insights into South Africa generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa generative ai market size, by component, 2017-2030 (US$M)
South Africa Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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