South Africa Cyber Security Market (2021-27)

 

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.

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.

South Africa Cyber Security Market witnessed growth during 2017-2020 since the elevation of cyber security attacks in South Africa and the increased incidences of banking financial frauds, ranging from ransomware attacks to the general phishing attacks nearly 45% of the businesses has instigated the need to adopt cybersecurity solutions and services. Further, the government of South Africa has introduced regulatory framework against cyber threats to protect its financial institutions, government agencies, power and utilities sector etc.

For Latest Press Release : https://www.6wresearch.com/press-release/south-africa-cyber-security-market-size-is-projected-to-grow-at-a-cagr-of-129-during-2021-2027

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.

Key Highlights of the Report

• South Africa Cyber Security Market Overview
• South Africa Cyber Security Market Trends
• South Africa Cyber Security Market Outlook
• South Africa Cyber Security Market Forecast, Until 2027
• Market Drivers and Restraints
• Porter’s Five Force Analysis
• Company Profiles
• Key Strategic Recommendation
• Market Opportunity Assessment
• Competitive Benchmarking
• South Africa Cyber Security Market Share, By Players
• Historical Data and Forecast of South Africa Cyber Security Market Revenues, for the period 2017-2027

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