PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1401185
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1401185
South Africa Software as a Service Market, By Deployment Model ; By Application ; By Enterprise Size ; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
South Africa Software as a Service (SaaS) Market Size Booming at CAGR of 8.88% to Reach USD 2.52 Billion by 2029
South Africa Software as a Service (SaaS) Market is gaining traction because of the further deepening of internet penetration and improving connectivity and an increasing demand for cloud solutions in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Software as a Service (SaaS) Market size at USD 1.51 billion in 2029. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa Software as a Service (SaaS) Market size to grow at a CAGR of 8.88% reaching a value of USD 2.52 billion by 2029. Rapid digital transformation across industries, as well as increased usage of public cloud services, are major development factors for the South African Software as a Service (SaaS) Market. Furthermore, the rising use of smart devices and cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML) is expected to provide attractive growth opportunities for the South Africa software as a service (SaaS) market.
Opportunity: Rising adoption of smart phones and app-based services
The growing usage of smartphones in South Africa has resulted in a vast user base that expects seamless access to numerous applications and services. SaaS, with its cloud-based architecture, completely coincides with this development by delivering simple and accessible software solutions that can be accessed via mobile devices. The trend toward app-based services has created new opportunities for SaaS providers to offer a varied range of software applications to meet a variety of purposes, including communication, productivity, and entertainment. The SaaS market is likely to expand in South Africa over the forecast period, as demand for mobile-centric solutions grows.
South Africa Software as a Service (SaaS) Market - By Application
Based on application, the South Africa Software as a Service (SaaS) Market is segmented into customer relationship management (CRM), enterprise resource planning (ERP), human resource management (HRM), supply chain management (SCM), and others. The CRM segment holds the largest share of the market owing to the increasing volume of customer data. Companies may use CRM SaaS services to simplify customer data, boost client interaction, and improve their entire sales and marketing tactics. The option to access CRM software via the cloud provides firms with cost savings, scalability, and flexibility.
Impact of Escalating Geopolitical Tensions on South Africa Software as a Service (SaaS) Market
The escalating geopolitical tension is hindering the growth of the South Africa Software as a Service (SaaS) Market. The raging war between Israel and Hamas sends shockwaves across various industries, transcending geographic boundaries and affecting businesses globally. The conflict between Israel and Hamas has been a longstanding, deeply entrenched geopolitical issue. On October 7, 2023, Hamas, a Palestinian military organization, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be 'long and difficult.' According to United Nations reports, as of December 15, 2023, there had been an estimated 19,000 fatalities in Gaza since October 07. Israel is a hub for many SaaS startups and companies. With the outbreak of war between Israel and Hamas, the accessibility of Israeli SaaS solutions and services for companies based in South Africa was hampered, negatively impacting market growth.
Competitive Landscape
Major players operating in the South Africa Software as a Service (SaaS) Market include Broadcom, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE, Microsoft Corporation, and Salesforce.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Africa Software as a Service (SaaS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Africa Software as a Service (SaaS) 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
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. South Africa Software as a Service (SaaS) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Internet Penetration and Improving Connectivity in South Africa
- 3.2.1.2. Growing Demand for Cloud Solutions
- 3.2.2. Restraints
- 3.2.2.1. Lack of Security for Sensitive Data
- 3.2.2.2. Lack of Education and Awareness
- 3.2.3. Opportunities
- 3.2.3.1. Increasing Integration of AI and ML with SaaS Solutions
- 3.2.3.2. Government Support and Incentives
- 3.2.4. Challenges
- 3.2.4.1. Limited IT Infrastructure in Some Areas
- 3.2.1. Growth Drivers
- 3.3. Deployment Model 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 Software as a Service (SaaS) Market Overview
- 4.1. Market Application & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Deployment Model
- 4.2.1.1. Public Cloud
- 4.2.1.2. Private Cloud
- 4.2.1.3. Hybrid Cloud
- 4.2.2. By Application
- 4.2.2.1. Customer Relationship Management (CRM)
- 4.2.2.2. Enterprise Resource Planning (ERP)
- 4.2.2.3. Human Resource Management (HRM)
- 4.2.2.4. Supply Chain Management (SCM)
- 4.2.2.5. Other
- 4.2.3. By Enterprise Size
- 4.2.3.1. Small & Medium-sized Enterprises (SMEs)
- 4.2.3.2. Large Enterprises
- 4.2.4. By End User
- 4.2.4.1. Banking, Financial Services & Insurance (BFSI)
- 4.2.4.2. Healthcare
- 4.2.4.3. Retail & Consumer Goods
- 4.2.4.4. Manufacturing
- 4.2.4.5. Education
- 4.2.4.6. Travel & Hospitality
- 4.2.4.7. Others
- 4.2.1. By Deployment Model
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. South Africa Software as a Service (SaaS) Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Escalating Geopolitical Tensions on South Africa Software as a Service (SaaS) Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Broadcom
- 7.2. Google Inc.
- 7.3. Fujitsu Ltd
- 7.4. Amazon.com Inc.
- 7.5. IBM Corporation
- 7.6. HP
- 7.7. Oracle Corporation
- 7.8. SAP SE
- 7.9. Microsoft Corporation
- 7.10. Salesforce
- 7.11. 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 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 Software as a Service (SaaS) Segmentation
- Figure 2 South Africa Software as a Service (SaaS) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 South Africa Software as a Service (SaaS) Market, By Value (USD Billion), 2019-2029
- Figure 5 South Africa Software as a Service (SaaS) Market Share, By Deployment Model, By Value, 2019-2029
- Figure 6 South Africa Software as a Service (SaaS) Market Share, By Application, By Value, 2019-2029
- Figure 7 South Africa Software as a Service (SaaS) Market Share, By Enterprise Size, By Value, 2019-2029
- Figure 8 South Africa Software as a Service (SaaS) Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 South Africa Software as a Service (SaaS) Market, By Value (USD Billion), 2019-2029
- Table 2 South Africa Software as a Service (SaaS) Market Share, By Deployment Model, By Value, 2019-2029
- Table 3 South Africa Software as a Service (SaaS) Market Share, By Application, By Value, 2019-2029
- Table 4 South Africa Software as a Service (SaaS) Market Share, By Enterprise Size, By Value, 2019-2029
- Table 5 South Africa Software as a Service (SaaS) Market Share, By End User, By Value, 2019-2029
- Table 6 Broadcom Company Overview
- Table 7 Broadcom Financial Overview
- Table 8 Google Inc. Company Overview
- Table 9 Google Inc. Financial Overview
- Table 10 Fujitsu Ltd. Company Overview
- Table 11 Fujitsu Ltd. Financial Overview
- Table 12 Amazon.com Inc. Company Overview
- Table 13 Amazon.com Inc. Financial Overview
- Table 14 IBM Corporation Company Overview
- Table 15 IBM Corporation Financial Overview
- Table 16 HP Company Overview
- Table 17 HP Financial Overview
- Table 18 Oracle Corporation Company Overview
- Table 19 Oracle Corporation Financial Overview
- Table 20 SAP SE Company Overview
- Table 21 SAP SE Financial Overview
- Table 22 Microsoft Corporation Company Overview
- Table 23 Microsoft Corporation Financial Overview
- Table 24 Salesforce Company Overview
- Table 25 Salesforce Financial Overview
