Inside the South African security software market 2012-2013 and over the coming years.

In the new economic environment where we witness an increase in targeted attacks, the growing complexity of threats, the increased priority given to IT security, the impact of regulatory compliance, the consumerization of IT, and the increased online presence of companies, as Forward-thinking IT leader, Connectikpeople.co is seduced and encourages the efforts of South African enterprises to protect sensitive information such as critical corporate and customer data, especially

within the telecommunications, finance, and government verticals.  

In this momentum, Connectikpeople.co has captured this week, new predictions from IDC. According to these predictions, overall security software spending in South Africa is set to increase 9.7% year on year in 2014 to total $149.54 million.

IDC predicts even stronger growth for the South African security software market over the coming years, with spending set to increase at a compound annual growth rate (CAGR) of 10.1% from $136.30 million in 2013 to $201.52 million in 2017.

IDC also recently released South African Security Software Market 2012 Vendor Shares (IDC #CEMA20517) report which shows that the top five vendors together accounted for 59.2% of the market's overall license and maintenance (L&M) revenue in 2012. Secure content and threat management (SCTM) was the largest technology segment of the South African security software market, accounting for nearly three-quarters of total spending in the country. Security and vulnerability management (SVM) placed second, while identity and access management (IAM) software ranked as the third-largest category.