South Africa Vendor Risk Management Market Size & Outlook
The vendor risk management market in South Africa is expected to reach a projected revenue of US$ 144.1 million by 2030. A compound annual growth rate of 16.6% is expected of South Africa vendor risk management market from 2024 to 2030.
Revenue, 2023 (US$M)
$49.2
Forecast, 2030 (US$M)
$144.1
CAGR, 2024 - 2030
16.6%
Report Coverage
South Africa
South Africa vendor risk management market, 2018-2030 (US$M)
Related Markets
South Africa vendor risk management market highlights
- The South Africa vendor risk management market generated a revenue of USD 49.2 million in 2023 and is expected to reach USD 144.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small & Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Vendor risk management market data book summary
| Market revenue in 2023 | USD 49.2 million |
| Market revenue in 2030 | USD 144.1 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small & Medium Enterprises |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small & Medium Enterprises, Large Enterprises |
| Key market players worldwide | Genpact Ltd, KKR & Co Inc Ordinary Shares, Rapid, SAI.TECH Global Corp, BitSight, NAVEX Global, MetricStream, Resolver, RSA Security, Quantivate |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global vendor risk 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, South Africa vendor risk 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 101.9 million by 2030.
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Vendor Risk Management Market Scope
Vendor risk management market segmentation & scope
Transportation
Aerospace & Defense
High Technology Products
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Vendor Risk Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa vendor risk 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 vendor risk management market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the South Africa vendor risk management market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Vendor Risk Management Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Small & Medium Enterprises
- Large Enterprises
- South Africa Vendor Risk Management End Use Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Healthcare
- Government
- Transportation
- Aerospace & Defense
- High Technology Products
- Others
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Our clientele includes a mix of vendor risk management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa vendor risk management market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vendor risk management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa vendor risk management market size, by enterprise size, 2018-2030 (US$M)
South Africa Vendor Risk Management Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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