South Africa It Services Market Size & Outlook, 2023-2030
South Africa it services market, 2017-2030 (US$M)
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South Africa it services market highlights
- The South Africa it services market generated a revenue of USD 21,162.5 million in 2023 and is expected to reach USD 44,159.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 21,162.5 million |
| Market revenue in 2030 | USD 44,159.2 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.6% of the global it services 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 it services market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 81,913.4 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa it services 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 it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 53.22% in 2023. Horizon Databook has segmented the South Africa it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa's IT services market has been growing steadily over the years, driven by factors such as increasing digital adoption, government initiatives, and the demand for modern business solutions. The IT services industry in the country is both developed and sophisticated and is a growing contributor to the country's GDP.
Microsoft, IBM Corporation, Intel Corporation, Unisys Corporation, Dell Inc., and SAP SE have subsidiaries in South Africa. It is a regional center and a supply base for nearby nations. The South African government has been emphasizing the importance of technology for economic growth and development.
Initiatives such as the National Development Plan and the South African Government's "Digital Economy Masterplan" aim to drive digital innovation, inclusion, and infrastructure development, boosting the demand for IT services.
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa it services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa it services market size, by approach, 2017-2030 (US$M)
South Africa IT Services Market Outlook Share, 2023 & 2030 (US$M)
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