The global cybersecurity market, valued at USD 235.50 billion in 2026, is projected to hit USD 423.43 billion by 2030 at a 12.45% CAGR. Growth is fueled by zero-trust adoption, IT-OT integration, and quantum-ready encryption. North America leads in spending, while Asia-Pacific sees the fastest rise with cloud-first shifts. Rising cyber-insurance demands, platform consolidation, and M&A activity are accelerating unified security adoption.
South Africa’s cybersecurity market is growing rapidly, projected to reach up to USD 4.1 billion by 2030 (~13% CAGR). Growth is fueled by the Cybercrimes Act, cloud adoption, mobile payments, and AI-driven security. Yet, ransomware, digital banking fraud, and AI-powered attacks are rising, with the public sector and critical infrastructure highly exposed. Challenges include a severe skills gap, budget constraints, load-shedding, and complex regulations. To cope, organizations are turning to zero-trust, managed security services, and AI-powered defenses to strengthen resilience.
Aligned with Africa’s digital transformation goals, South Africa is accelerating its cyber resilience journey through progressive regulations, cloud adoption, and AI-driven defenses. Key national strategies emphasize securing critical infrastructure, strengthening financial ecosystems, and building cyber skills for the future workforce. To advance this mission, Johannesburg will host the 30th CyberX Global Series and the Inaugural CyberX Africa Summit & Awards on 3rd March 2026, uniting global and African cybersecurity leaders to shape the continent’s secure digital future.
For more info: africa.cyberxglobal.com
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