South Africa Software Market Share Forecast to Witness Considerable Growth from 2018 to 2023

Market Reports On South Africa Provides the Trending Market Research Report On “Software in South Africa” under Media & Technology category. The Report offers a collection of South Africa Market Trends, South Africa Market Analysis, South Africa Business Trends, And South Africa Market Size And Growth.

Software in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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Key Highlights

  • The software market is defined as revenues generated from both sales of, and subscriptions to, various software packages and offerings. The market includes both signed deals that remain under contract, and the annual revenues associated with new contracts signed, within a particular calendar year. This excludes sales opportunities for third-party services providers.
  • The South African software market had total revenues of $2.3bn in 2018, representing a compound annual growth rate (CAGR) of 15.8% between 2014 and 2018.
  • The data and analytics segment was the market’s most lucrative in 2018, with total revenues of $0.7bn, equivalent to 28.7% of the market’s overall value.
  • In terms of IT software and IT services, 2018 proved to be a difficult year worldwide, largely due to the rise in value of the US dollar. Since then, the market has grown despite economic uncertainties and political instability.


  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in South Africa
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in South Africa
  • Leading company profiles reveal details of key software market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Africa software market with five year forecasts

Reasons to buy

  • What was the size of the South Africa software market by value in 2018?
  • What will be the size of the South Africa software market in 2023?
  • What factors are affecting the strength of competition in the South Africa software market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Africa’s software market?

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About Market Reports on South Africa:

Market Reports on South Africa is thus the one-stop solution for the entire market research requirements with regards to South Africa.

We provide you with insight and analysis on the country’s economic outlook at the national, regional and city level, presenting a deep understanding of disparities and evolutionary paths. Get a complete, consistent and concise view of your markets with comprehensive industry reports. Our latest regional data-banks, forecasts, and detailed risk ratings will help you to identify risk and opportunities in every industry and develop strategic plans to deal with the competitiveness in South Africa’s market.

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