South Africa's cybersecurity services market is projected to reach R165 billion over the next five years, according to new research by BMIT. The report highlights rapid digital transformation, the rise of hybrid work models, and growing cloud adoption as key drivers fueling the expansion of the country's cybersecurity ecosystem.
The study examines the core factors shaping the local market, including the increasing sophistication of cyberattacks, heightened regulatory enforcement, and escalating investments in cloud and identity security. It estimates the current value of the South African cybersecurity services market based on BMIT's IT services model, with revenues forecasted to grow steadily as enterprises boost spending on cyber resilience and risk management.
Artificial intelligence AI, automation, and managed security services MSS are identified as major growth accelerators. The integration of AI into cybersecurity tools is enhancing threat detection, response times, and predictive analytics-helping businesses reduce the cost and frequency of breaches. Similarly, MSS providers are becoming vital partners for organizations seeking round-the-clock protection and compliance with frameworks such as POPIA and global data privacy standards.
