Market focus

The purpose of this research study is to investigate major factors that impact the South African Cybersecurity Services market, including the key trends, drivers and challenges that inhibit this market.

The research study also aims to determine an estimated size of the Cybersecurity Services market in South Africa, and forecast expenditure over the next five years.

Key questions answered

  • What is the size of the SA Cybersecurity Services market, segmented by each technology sector?
  • What are the business expectations within the SA Cybersecurity market?
  • Which are the key business drivers and inhibitors within the SA Cybersecurity market?

Market modelling

A baseline estimate of total 2021 IT services revenues was done by means of ‘ROM’ modelling, using the BMI-TechKnowledge IT Services market model as base, and applying an estimated percentage attributable to Cybersecurity Services in each IT services category, based on the interviews conducted with industry players.


The research methods used by BMIT for this report represent market data acquired and defined based on a number of proprietary and public sources, both primary and secondary, followed by further analysis and forecasting.

Primary research

The report is a compilation of quantitative and qualitative analysis, based on online interviews with leaders of various IT companies in South Africa, and secondary research sources.

To inform the market sizing model, initial estimates of market size and splits based on secondary sources were provided by BMI-TechKnowledge during the interviews, and thereby confirmed or revised.

As part of BMIT’s annual end-user engagement survey we included a Cybersecurity set of questions for those respondents who were knowledgeable about Cybersecurity in their organisation.

Table of Contents

  • Overview of the global market
  • International trends
  • Technology advancements
  • Overview of the local market
    • Key local drivers
    • Key local challenges
    • Key local trends
  • Local market size estimates and forecasts
  • Competitive analysis and profiles
  • Case studies
Global Market Overview
  • Global Cybersecurity market overview
  • The cost of cybercrime
  • Cybersecurity budgets, 2022
  • Cybercrime by region and industry
  • Top cyber attack types of 2021 (IBM Xforce)
  • Top infection vectors, 2021 vs. 2020
  • Top type of cyber attacks by industry 2021
  • Cybersecurity skills shortage
  • Legislation worldwide
  • Comparison Table: Worldwide Data Privacy Regulations
International Trends
  • Introduction
  • A rapidly expanding attack surface increases vulnerability
  • The Challenge of Simplicity and Visibility in Cybersecurity
  • Ransomware remains the number one threat
  • Supply chains and critical infrastructure remain key targets
  • Supply chains and critical infrastructure remain key targets (cont)
  • Remote work will continue to drive cybersecurity threats
  • Automation and AI continue to play major role in shaping both cyber attacks and defense operations against them
  • Cloud-based security threats will continue to disrupt businesses
  • Cloud-based security threats will continue to disrupt businesses (continued)
  • Cybersecurity Meshing: a new approach to Security Architecture
Overview of Local Market
Key Local Drivers
  • Local market drivers for Cybersecurity
  • Increased cyber attacks in South Africa and the Consolidation of Security Solutions
  • Third-party Cybersecurity Risk
  • Digital Transformation, Re-Architecting the Application Stack and Zero Trust
  • SA Data Protection legislation is implemented but enforcement is key
Key Local Challenges
  • Local Cybersecurity key challenges
  • South African Cybersecurity risk exposure increasing and Cyber Security insurance driving compliance
  • Cybersecurity skills challenges and the Cybersecurity land grab
  • The cost of cybercrime in South Africa
Key Local Trends
  • Local Cybersecurity trends
  • DevSecOps and increased usage of Managed Cybersecurity Services
  • Cybersecurity information exchanges
  • Toolkits to integrate security application development
  • Attack Path Modelling, Breach and Attack Simulation
  • Data protection in multi-Cloud environments
  • Increasing IoT and security threats on the edge
  • Cybersecurity Market Maturity
Local Market End User Survey
  • Cybersecurity Components implemented
  • Cybersecurity budget growth
  • Cybersecurity Technology being evaluated
Local Market Size Estimates and Forecast
  • ROM Market sizing estimate and forecast
  • Cybersecurity technology forecast
  • Cybersecurity Vertical market split estimates
  • Cybersecurity Market Company Size split
Selected Company Profiles
  • BCX
  • Performanta
  • EOH
  • BUI
  • Dimension Data
  • Altron
Case Studies
  • Introduction
  • Life Healthcare Group (and healthcare in general)
  • TransUnion
  • Transnet
  • Dis-chem
  • Debt-IN
  • UBER (International Case Study)
  • Experian
  • MTN
  • Absa

Related research

Deliverables and format

  • Rich narrative PowerPoint descriptive document and excel workbook
  • Online presentation (in PowerPoint format)

Further information

For further information and details on how to subscribe to this research please contact Anita Mathews on 011 540 8000 | 082 466 2317 |