South Africa Cloud Computing Market
South Africa Cloud Computing Market, By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)); By Deployment Model (Public, Private, Hybrid); By Enterprise Size (Large Enterprises, Small & Medium-sized Enterprises (SMEs)); By End User (BFSI, Telecom & IT, Media & Entertainment, Energy & Utilities, Manufacturing, E-commerce, Government & Public Sector, Healthcare, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: December 2023
- Report ID: BWC231063
- Available Format: PDF
- Page: 200
Report Overview
An increasing demand for data storage and processing and rising number of fiber and wireless connectivity services roll outs are expected to boost the growth of South Africa Cloud Computing Market during the forecast period between 2023 and 2029.South Africa Cloud Computing Market - Industry Trends & Forecast Report, 2029
South Africa Cloud Computing Market size was estimated to be worth USD 3.12 billion in 2022. During the forecast period between 2023 and 2029, the South Africa Cloud Computing Market size is projected to grow at a CAGR of 24.4%, reaching a value of USD 11.56 billion by 2029. Major growth factors for the South Africa Cloud Computing Market include the rising adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML), along with expanding demand for data storage and processing across various sectors.
Cloud Computing – Overview
Cloud computing is a technology that enables real-time and on-demand access to computer services, such as data storage and processing power, without requiring direct management. Using cloud computing is cost-effective for organizations as they only pay for the cloud services they want, instead of spending on entire IT infrastructure and operating costs. Cloud computing also offers better productivity as it eliminates the need for assembling, racking, and stacking IT components. Cloud computing is entering the maturity stage, with increasingly more companies embracing a cloud-first strategy.
South Africa Cloud Computing Market
Growth Drivers
Rising Private Investments in Cloud Infrastructure
South Africa is emerging as a lucrative market for cloud computing owing to the rising demand for cloud services in the country. As a result, various tech giants, including Amazon, Google, and Microsoft, are investing in cloud infrastructure as well as human resource development to enhance cloud computing skills. For instance, Google recently launched a cloud region in South Africa and is also investing in building Dedicated Cloud Interconnected Sites. Amazon Web Services also opened its first international AWS Skills Center in Cape Town, South Africa, to provide access to cloud skills training. Such investments by these tech giants are anticipated to present significant growth opportunities for the South Africa Cloud Computing Market.
Restraints
High Risk of Data Theft and Security Breaches
While cloud computing allows for more efficient operations, it may also result in firms paying excessive fees, losing confidential information, and spending a significant amount of time dealing with cloud footprints. The deployment of cloud computing also means the adoption of security solutions and services to prevent the risks of cyberattacks. Inadequate cloud security measures result in data leakage over cloud networks, which can lead to intellectual property theft, contract violations, and malware assaults. Hackers can also hinder how businesses deliver services to their clients or end users. The lack of sufficient cybersecurity infrastructure in South Africa may limit the adoption of cloud computing in the region.
Impact of Escalating Geopolitical Tensions on South Africa Cloud Computing Market
The escalating geopolitical tension is hindering the growth of the South Africa cloud computing market. For instance, the Israel-Hamas conflict is directly influencing the adoption and implementation of cloud computing in the South Africa market. The adoption of cloud computing involves hardware such as sensors and servers. Israel is a leading chip producer outside of East Asia as well as a research hub for advanced technologies. The ongoing Israel-Hamas conflict has had an adverse effect on semiconductor chip manufacture and supply. Due to the disastrous scenario and a lack of financial resources as well as staff to undertake the operations, R&D efforts were entirely suspended with the onset of war between the two countries.
South Africa Cloud Computing Market
Segmental Coverage
South Africa Cloud Computing Market – By Service
Based on service, the South Africa Cloud Computing Market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The SaaS segment accounts for the highest market share in the South Africa Cloud Computing Market by service, because of its faster deployment and minimal maintenance expenses. Organizations may pay based on their demands and data volume without the need to build a physical infrastructure. As a result, most major firms, such as Google and Amazon, concentrate on SaaS solutions, which fuels the growth of SaaS segment in South Africa Cloud Computing Market.
South Africa Cloud Computing Market – By Deployment Model
Based on deployment model, the South Africa Cloud Computing Market is segmented into public, private, and hybrid. The private cloud segment holds the largest share in the South Africa Cloud Computing Market owing to its strong demand among large enterprises. Due to limited access, only designated users can access data in private deployment, giving users more control over their data and the ability to supply resources as needed. Large enterprises leverage private deployment because of its elasticity, scalability, and ease of service delivery, which contributes to its market’s growth.
South Africa Cloud Computing Market – By Enterprise Size
Based on enterprise size, the South Africa Cloud Computing Market is segmented into large enterprises and small and medium-sized enterprises (SMEs). The large enterprises segment accounts for a higher share of the market by enterprise size. The growth of the segment is mainly attributed to the expanding remote working culture. Large enterprises may use cloud computing to automate mundane processes and finish them more quickly. Large corporations are projected to use this technology to streamline procedures, which is anticipated to fuel the growth of the Cloud Computing Market in South Africa.
South Africa Cloud Computing Market – By End User
Based on end user, the South Africa Cloud Computing Market is segmented into BFSI, telecom & IT, media & entertainment, energy & utilities, manufacturing, e-commerce, government & public sector, healthcare, and others. The BFSI sector dominates the South Africa Cloud Computing Market owing to the rapid growth in online banking activities. Cloud computing in banking allows faster transactions, real-time account updates, fraud detection, and prevention, as well as faster data processing and analysis. The manufacturing sector, on the other hand, is anticipated to register a significant growth rate in the South Africa Cloud Computing Market by end user during the forecast period.
Competitive Landscape
Major players operating in the South Africa Cloud Computing SAP Africa, IBM, Microsoft, HP, Dimension Data, T-Systems, Accenture, MTN Group, Amazon Web Services, and Wipro. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In October 2023 – BCX, an information and communication technology company based in South Africa, launched an Africa Local Public (ALP) cloud service, using Alibaba Cloud to offer digital solutions across Africa.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Product/ Service Segmentation |
Service, Deployment Model, Enterprise Size, End User |
Key Players |
SAP Africa, IBM, Microsoft, HP, Dimension Data, T-Systems, Accenture, MTN Group, Amazon Web Services, Wipro |
By Service
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Infrastructure as a Service (IaaS)
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Platform as a Service (PaaS)
-
Software as a Service (SaaS)
By Deployment Model
-
Public
-
Private
-
Hybrid
By Enterprise Size
-
Large Enterprises
-
Small & Medium-sized Enterprises (SMEs)
By End User
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BFSI
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Telecom & IT
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Media & Entertainment
-
Energy & Utilities
-
Manufacturing
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E-Commerce
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Government & Public Sector
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Healthcare
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Others
- Research Framework
- Research Objective
- Technology Overview
- Market Segmentation
- Executive Summary
- South Africa Cloud Computing Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Demand for Data Storage and Processing
- Rising Number of Fiber and Wireless Connectivity Services Roll Outs
- Restraints
- Lack of IT and Connectivity Infrastructure
- Absence of Cloud Computing Policy for the Public Sector
- Opportunities
- Growing Population of Omni-Cloud Solutions
- Increasing Growth of Large and Small & Medium Enterprise Size
- Challenges
- Threat Associated with Data Security and Privacy
- Shortage of Skilled Professionals
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- South Africa Cloud Computing Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Service
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- By Deployment Model
- Public
- Private
- Hybrid
- By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
- By End User
- BFSI
- Telecom & IT
- Media & Entertainment
- Energy & Utilities
- Manufacturing
- E-commerce
- Government & Public Sector
- Healthcare
- Others
- By Service
- Market Size & Forecast by Value & Volume, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- South Africa Cloud Computing Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on South Africa Cloud Computing Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- SAP Africa
- IBM
- Microsoft
- HP
- Dimension Data
- T-Systems
- Accenture
- MTN Group
- Amazon Web Services
- Wipro
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 South Africa Cloud Computing Market Segmentation
Figure 2 South Africa Cloud Computing Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 South Africa Cloud Computing Market Size, By Value (USD Billion), 2019–2029
Figure 5 South Africa Cloud Computing Market Share, By Service, By Value, 2019–2029
Figure 6 South Africa Cloud Computing Market Share, By Deployment Model, By Value, 2019–2029
Figure 7 South Africa Cloud Computing Market Share, By Enterprise Size, By Value, 2019–2029
Figure 8 South Africa Cloud Computing Market Share, By End User, By Value, 2019–2029
Figure 9 South Africa Cloud Computing Market Share, By Region, By Value, 2019–2029
List of Tables
Table 1 South Africa Cloud Computing Market Size, By Value (USD Billion), 2019–2029
Table 2 South Africa Cloud Computing Market Share, By Service, By Value, 2019–2029
Table 3 South Africa Cloud Computing Market Share, By Deployment Model, By Value, 2019–2029
Table 4 South Africa Cloud Computing Market Share, By Enterprise Size, By Value, 2019–2029
Table 5 South Africa Cloud Computing Market Share, By End User, By Value, 2019–2029
Table 6 SAP Africa Company Overview
Table 7 SAP Africa Financial Overview
Table 8 IBM Company Overview
Table 9 IBM Financial Overview
Table 10 Microsoft Company Overview
Table 11 Microsoft Financial Overview
Table 12 HP Company Overview
Table 13 HP Financial Overview
Table 14 Dimension Data Company Overview
Table 15 Dimension Data Financial Overview
Table 16 T-Systems Company Overview
Table 17 T-Systems Financial Overview
Table 18 Accenture Company Overview
Table 19 Accenture Financial Overview
Table 20 MTN Group Company Overview
Table 21 MTN Group Financial Overview
Table 22 Amazon Web Services Company Overview
Table 23 Amazon Web Services Financial Overview
Table 24 Wipro Company Overview
Table 25 Wipro Financial Overview
Market Segmentation
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