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South Africa: SA IT Spending to Hit USD 13 Bln in 2015 |
| Source: |
telecompaper.com |
| Source Date: |
Wednesday, November 19, 2014 |
| Focus: |
ICT for MDGs
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| Country: |
South Africa |
| Created: |
Nov 24, 2014 |
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The consumer, finance and government verticals will lead the charge, with the former expected to account for USD 3.12 billion in IT spending during 2015. However, growth in this vertical will stagnate over the coming years, with spending dipping slightly to USD 3.10 billion in 2018.
The finance vertical will be the second-biggest vertical in terms of IT spending in 2015, with total expenditure of USD 1.88 billion. The primary driver for growth in this sector will be increased investments in mobility and security. As the growth opportunities from traditional channels and business are declining, banks in South Africa are shifting their focus to the unbanked, and mobile is the most sought-after channel for serving the unbanked due to its already-high and increasing levels of penetration in South Africa.
Spending in the government sector is forecast to reach USD 1.63 billion in 2015, driven by ongoing automation initiatives as part of the drive to bring government services to online and mobile platforms. Meanwhile, IT investment in the country's telecommunications vertical is expected to total USD 1.42 billion in 2015. Telecommunication firms are adding cloud computing, data centre, and disaster recovery services to their product and services portfolios, and also targeting the unbanked through payment-related services.
The consumer, finance, communications, and government sectors will remain the biggest IT spenders, while the fastest growing verticals over this period will be transportation, utilities, and healthcare.
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South Africa: SA IT Spending to Hit USD 13 Bln in 2015 IT spending in South Africa is expected to cross the USD 13 billion mark in 2015 according to the latest figures released by International Data Corporation IDC
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