Report cover image

South Africa Cybersecurity in BFSI Market, By Component (Solution (Identity and Access Management (IAM), Data Loss Prevention (DLP), Fraud Detection & Prevention), Service); By Deployment Mode (On-premises, Cloud); By Enterprise Type (Large, SMEs), Trend

Publisher BlueWeave Consulting
Published Apr 27, 2023
Length 200 Pages
SKU # BLWC17899953

Description

South Africa Cybersecurity in BFSI Market, By Component (Solution (Identity and Access Management (IAM), Data Loss Prevention (DLP), Fraud Detection & Prevention), Service); By Deployment Mode (On-premises, Cloud); By Enterprise Type (Large, SMEs), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


South Africa Cybersecurity in BFSI Market Size More Than Doubles to Cross USD 6.1 Billion by 2029


South Africa cybersecurity in BFSI market is flourishing due to growing focus on thwarting cyberattacks and events targeting BFSI companies and increasing adoption of artificial intelligence (AI) and machine learning (ML) for cybersecurity.



BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa cybersecurity in BFSI market size at USD 2.82 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects South Africa cybersecurity in BFSI market size to grow at a significant CAGR of 11.79% reaching a value of USD 6.14 billion by 2029. The increase adoption of IoT and BYOD trend, as well as the rise in physical and virtual danger in the BFSI sector, are key drivers propelling the growth of the cybersecurity in BFSI market in South Africa. The expansion of mobile device platforms and applications also aids in the BFSI sector's acceptance of cybersecurity. However, it is anticipated that excessive cost to implement technical security measures may impede industry expansion.

South Africa Cybersecurity in BFSI Market – Overview



Cybersecurity refers to the technologies, procedures, and methods used to safeguard networks, devices, programs, and data from attack, damage, malware, viruses, hacking, data theft, and unauthorized access. The banking, financial services, and insurance (BFSI) industries have rapidly remade themselves and embraced technology to meet the changing needs of their customers. Various digital services such as online purchases and premium payments are all done to fulfill the needs of the consumer, from processing paper records to a component.

Impact of COVID-19 on South Africa Cybersecurity in BFSI Market

The COVID-19 outbreak impacted South Africa's cybersecurity in BFSI market. This was brought on by the rise in smartphone adoption, the growing use of linked devices, and a booming e-commerce industry, all of which provide the BFSI market with an alluring potential for cybersecurity. To comply with new regulations and rules, the BFSI sector is also gradually implementing and investing in technologies including artificial intelligence (AI), machine learning (ML), and blockchain solutions.

South Africa Cybersecurity in BFSI Market - By Deployment Mode



On basis of deployment mode, South Africa cybersecurity in BFSI market is split into On-premises and Cloud segments. The cloud segment is a higher contributor to the growth of South Africa cybersecurity in BFSI market. This expansion is attributed to the increased demand for scalable and flexible solutions to track and provide data access to cloud users, as well as the increased use of mobile devices. However, due to the rising necessity for securing important data in on-premises data centers from cyberattacks and monitoring the influx of data within the organization, the on-premises category held a higher market share in 2021.

Competitive Landscape

South Africa cybersecurity in BFSI market is fiercely competitive. Major companies in the market include Cisco Systems, IBM Corporation, Microsoft Corporation, DXC Technology, FireEye Inc., Broadcom Inc., MacAfee Inc., SAS Institute Inc., ThreatMetrix, Symantec, Fortinet, Proofpoint, CyberArk, Palo Alto Networks, BAE Systems plc, Check Point Software Technologies, and Trend Micro Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa cybersecurity in BFSI market.



The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Cybersecurity in BFSI Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Cybersecurity in BFSI Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. South Africa Cyber Security in BFSI Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing cyber threats and incidents targeting BFSI institutions
3.2.1.2. Increasing regulatory compliance requirements for data protection and privacy
3.2.1.3. Rising awareness among BFSI institutions about the importance of cybersecurity
3.2.2. Restraints
3.2.2.1. Lack of skilled cybersecurity professionals in the region
3.2.3. Opportunities
3.2.3.1. Growing adoption of cloud-based security solutions
3.2.3.2. Increasing adoption of artificial intelligence and machine learning for cybersecurity
3.2.4. Challenges
3.2.4.1. Lack of uniform cybersecurity standards and regulations in the regionou
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. South Africa Cyber Security in BFSI Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.1.2. Market Share and Forecast
4.1.3. By Component
4.1.3.1. Solution
4.1.3.1.1. Identity and Access Management (IAM)
4.1.3.1.2. Data Loss Prevention (DLP)
4.1.3.1.3. Fraud Detection and Prevention
4.1.3.2. Service
4.1.4. By Deployment Mode
4.1.4.1. On-premises
4.1.4.2. Cloud
4.1.5. By Enterprise Type
4.1.5.1. Large Enterprises
4.1.5.2. SMEs
5. Competitive Landscape
5.1.
List of Key Players and Their Offerings
5.2. South Africa Cyber Security in BFSI Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on South Africa Cyber Security in BFSI Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Cisco Systems
7.2. IBM Corporation
7.3. Microsoft Corporation
7.4. DXC Technology
7.5. FireEye Inc.
7.6. Broadcom Inc.
7.7. MacAfee Inc.
7.8. SAS Institute Inc.
7.9. ThreatMetrix
7.10. Symantec
7.11. Fortinet
7.12. Proofpoint
7.13. CyberArk
7.14. Palo Alto Networks
7.15. BAE Systems plc
7.16. Check Point Software Technologies
7.17. Trend Micro Inc.
7.18. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 South Africa Cyber Security in BFSI Segmentation
Figure 2 South Africa Cyber Security in BFSI Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 South Africa Cyber Security in BFSI Market Size, By Value (USD Million), 2019–2029
Figure 5 South Africa Cyber Security in BFSI Market Share, By Component, By Value, 2019–2029
Figure 6 South Africa Cyber Security in BFSI Market Share, By Deployment Model, By Value, 2019–2029
Figure 7 South Africa Cyber Security in BFSI Market Share, By Enterprise Type, By Value, 2019–2029
List of Tables
Table 1 South Africa Cyber Security in BFSI Market Size, By Value (USD Million), 2019–2029
Table 2 South Africa Cyber Security in BFSI Market Size, By Component, By Value, 2019–2029
Table 3 South Africa Cyber Security in BFSI Market Size, By Deployment Model, By Value, 2019–2029
Table 4 South Africa Cyber Security in BFSI Market Size, By Enterprise Type, By Value, 2019–2029
Table 5 Cisco Systems Company Overview
Table 6 Cisco Systems Financial Overview
Table 7 IBM Corporation Company Overview
Table 8 IBM Corporation Financial Overview
Table 9 Microsoft Corporation Company Overview
Table 10 Microsoft Corporation Financial Overview
Table 11 DXC Technology Company Overview
Table 12 DXC Technology Financial Overview
Table 13 FireEye Inc. Company Overview
Table 14 FireEye Inc. Financial Overview
Table 15 Broadcom Inc. Company Overview
Table 16 Broadcom Inc. Financial Overview
Table 17 MacAfee Inc. Company Overview
Table 18 MacAfee Inc. Financial Overview
Table 19 SAS Institute Inc. Company Overview
Table 20 SAS Institute Inc. Financial Overview
Table 21 ThreatMetrix Company Overview
Table 22 ThreatMetrix Financial Overview
Table 23 Symantec Company Overview
Table 24 Symantec Financial Overview
Table 25 Fortinet Company Overview
Table 26 Fortinet Financial Overview
Table 27 Proofpoint Company Overview
Table 28 Proofpoint Financial Overview
Table 29 CyberArk Company Overview
Table 30 CyberArk Financial Overview
Table 31 Palo Alto Networks Company Overview
Table 32 Palo Alto Networks Financial Overview
Table 33 BAE Systems plc Company Overview
Table 34 BAE Systems plc Financial Overview
Table 35 Check Point Software Technologies Company Overview
Table 36 Check Point Software Technologies Financial Overview
Table 37 Trend Micro Inc. Company Overview
Table 38 Trend Micro Inc. Financial Overview

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us