LONDON, Jan. 30, 2017 /PRNewswire/ -- The South African Information Technology Sector: Information Technology (IT) has become an important enabler of economic development and social inclusion, and in the words of the Minister of Telecommunications and Postal Services, "It transforms how we live, how we do business, how we relate to each other and even how we play." Increasing by 3.8% from 2015, South African IT spend for 2016 is expected to reach R272bn. Although estimates of the IT sector's contribution to GDP vary between 1% and 6%, most stakeholders agree that delays in the implementation of the National Integrated ICT Policy White Paper and vital projects such as digital migration and SA Connect are restricting the growth of the sector as well as South Africa's economic growth and social development.
A Rapidly Changing Sector: Within the IT sector the latest trend is the 4th Industrial Revolution which consists of new technologies that will seamlessly connect billions of people and devices, thereby having an impact on all disciplines, economies and industries. These advances in technology have been identified as the top megatrend that will transform the ways in which companies do business over the next five years. The IT industry is characterised by consolidations and convergence of companies within the sector, and between companies in the IT and telecommunications sectors. Analysts believe that in such a competitive and rapidly changing industry, it is critical to maintain a competitive edge through mergers, key acquisitions, joint ventures, partnerships, expansion and disposals.
The South African Information Technology Sector report describes current conditions in the industry which comprises hardware manufacturing, assembly, consulting and supply
software development, consulting and supply
and retail sales of hardware and software. Recent developments including the challenges facing the IT sector and merger and acquisition activity are included in this detailed report. In total 97 companies involved in the sector are profiled, ranging from major players EOH Holdings Ltd and Dimension Data, to small consultancies such as Faranani IT Services (Pty) Ltd and Evetech (Pty) Ltd, a computer system builder and retailer of computer related products.
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