New analysis has discovered that spending on cloud providers will present an enormous uplift to IT providers spending in South Africa over the following 4 years.
Native analysis agency BMIT mentioned the IT providers market will “prolong its development streak” within the coming years: estimated IT spend of R104.9-billion in 2024 will bounce to R182-billion in 2028, a rise of 73.5% over the interval – that’s a compound annual development price of a powerful 14.8%.
BMIT’s newest IT Companies Report exhibits that the expansion will likely be fuelled primarily by rising demand for cloud providers. Customized utility growth and different IT subsectors, whereas rising extra slowly, can even contribute to the improved image within the coming years, the corporate mentioned.
MD Christopher Geerdts mentioned in a press release on Wednesday that cloud-driven digital transformation initiatives are “reshaping the IT panorama” in South Africa.
Generative synthetic intelligence instruments can even “achieve traction quickly” and have the potential to “revolutionise content material creation, customer support and varied different enterprise features, additional driving cloud service consumption”, Geerdts mentioned.
Spending on data safety will stay a high precedence as these instruments have turn into “important in mitigating the specter of cyberattacks, that are rising in frequency, depth and class”.
Nevertheless, there’s a caveat to those strong spending predictions by BMIT: it mentioned South African organisations face funds constraints, which would require cost-effective IT options. Geerdts mentioned this as a possibility for IT service suppliers to “suppose sensible” by, for instance, “adopting a worth co-creator position, partnering with companies to optimise IT investments and drive sustainable development”. – © 2025 NewsCentral Media
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