Published on: Tuesday, 14 January 2025 ● 5 Min Read
DUBLIN--(BUSINESS WIRE)--The "IT Industry in South Africa 2024" report has been added to ResearchAndMarkets.com's offering.
South Africa has a well-developed, internationally-competitive IT industry. Following a spike in hardware and software demand during the pandemic, the industry has faced four years of disruptions and a poor economy. IT hardware has been hit the hardest. There has been strong growth in cloud computing and software consulting and development.
South Africa's emergence as the top performing business process outsourcing destination in Africa supported growth, as did the development of fintech. The deployment of AI is boosting innovation and growth, and is set to continue to bring significant change to the industry.
South Africa IT Market Opportunities
South Africa IT Market Challenges
Key Market Trends
AI is being applied to most IT services, with the expectation of enormous benefits to economies. Cloud computing has led to IT increasingly being sold on a subscription basis, particularly SaaS, IaaS, and PaaS. Cloud computing has reduced capital requirements for digitisation and lowered barriers to IT adoption for smaller companies.
Cloud services investment has developed to include that of onshore data centres. Strong growth, especially for cloud services, data centre investment, IT services and business process outsourcing. There is slow and steady adoption of fintech, digital payment options, digital platforms, and online retail.
Market Outlook
The IT industry is set for growth, driven by cloud computing, the localisation of data centres, fintech, a competitive IT services and business process outsourcing sector, and AI. Industry growth will be driven by software.
The industry includes large companies with international reach, a strong and dynamic startup community, and the expanding presence of core technology providers. Growth may be affected by the lack of critical skills and slow pace of policy and regulatory development.
Report Coverage
This report on the IT industry in South Africa includes comprehensive information on hardware, software, cloud computing, fintech, data management, cybersecurity, distributed ledger technology, autonomous IT systems and AI. There is information on the size and state of the industry, transaction technology, data platforms, online retail, retail technology and public sector IT.
The report includes notable players, corporate actions, regulatory developments and influencing factors such as environmental issues like electricity consumption and e-waste. There are profiles of 84 companies including Microsoft, IBM, Intel, Acer, EOH and AdaptIT.
COMPANY PROFILES
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. Unforeseen Events
6.2. Economic Environment
6.3. Labour
6.4. Environmental Issues
6.5. Technology, R&D, Innovation
6.6. Government Support
6.7. Government IT Spend
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. INDUSTRY SUMMARY
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
For more information about this report visit https://www.researchandmarkets.com/r/hfv56r
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