Industry Outlook of the Top 10 Software Companies in South Africa

The top 10 software companies in South Africa are an integral part of the economy of the country and they are among the best in the world. The top 10 IT companies in South Africa are market leaders providing innovative technology services to the IT industry and are forecasted to experience a substantial growth in the next few years. The global software market size was estimated at around at almost $405 billion in 2017 and is expected to grow at a CAGR of more than 7% for the next five years to reach a market value of $565 billion by the end of 2022. The best software companies in South Africa offer a variety of IT solutions and are one of the best IT companies in South Africa. Furthermore, IT companies in South Africa are poised to maintain a steady rate of growth owing to the high rate of urbanization and technological advancement in the African subcontinent.

The top 10 software companies in South Africa are likely to focus on innovation and technological collaborations to offer the best enterprise solutions to the end-user over the next few years. The top 10 IT companies in South Africa feature among the best 100 software companies across the globe and are expected to expand their horizons as globalization brings them new opportunities for growth in the coming future. According to industry experts, the best software companies in South Africa are spending heavily on R&D for market intelligence and expansion of their distribution networks. The technology companies in South Africa generated a revenue of around $500 million in the year 2017 and it is estimated that they will grow at a CAGR of over 4% over the next five years. The growth of the top IT companies in South Africa is mainly driven by IT security services, digital transformation, and IT automation.

Top 10 Software Companies in South Africa

1. Rectron Holdings

Rectron Holdings is one of the top 10 software companies in South Africa and this software company in South Africa offers IT products like smartphones and notebooks, cloud storage solutions, B2B solutions such as industrial storage and computing services, and automation solutions for the office. Rectron Holdings, one of the top 10 IT companies in South Africa was founded in 1995 and is headquartered at Johannesburg, South Africa. This leading IT company in South Africa has branches across the country and is the largest personal computer assembling company in South Africa.

2. Afrihost

Afrihost is one of the major top 10 IT companies in South Africa with a substantial market in the industry for IT companies in South Africa. This best IT company in South Africa was founded by Brendan Armstrong, Peter Meintjes, and Gian Visser in the mid-nineties and the head office is located at Gauteng, South Africa. Afrihost, one of the top 10 software companies in South Africa offers services such as cloud computing, mobile data, and broadband. This one of the best software companies in South Africa has over 150 employees and an annual revenue of over $60 million.

3. Axxess

Axxess is another of the top 10 IT companies in South Africa and this software company in South Africa is one of the leading internet service providers in the country. Axxess, one of the top 10 software companies in South Africa was established in 1997 by Franco Barbalich at Port Elizabeth, South Africa. Axxess is regarded as one of the best technology companies in South Africa and currently offers services like fiber net, mobile internet, broadband, and VoIP services in the country. This top 10 software company in South Africa has more than 90 employees and has an annual revenue of more than $45 million.

4. Red Panda Software

Red Panda Software is one of the top 10 software companies in South Africa and is also among the largest IT companies in South Africa. This leading IT company in South Africa was founded in 2009 and was founded by Gareth Hawkey and Bob Hall. Red Panda Software, one of the top 10 IT companies in South Africa has its headquarters at Mowbray, South Africa and employs over 150 professionals working for this top software company in South Africa. Red Panda offers software solutions for applications such as point of sale, warehousing, HRM, logistics, business intelligence, fleet management, and property management.

5. Entersekt

Entersekt is another of the top 10 software companies in South Africa with a global presence in various countries across the world. Entersekt, one of the top 10 IT companies in South Africa was established in 2008 by Schalk Nolte, Dewald Nolte, and Niel Müller with the company headquarters at Stellenbosch, South Africa. This one of the leading technologies companies in South Africa offers security services for net banking, biometric systems, and online payment authorization solutions for enterprises and banks. This top IT company in South Africa has more than 120 employees and an annual revenue of more than $30 million.

6. Euphoria Telecom

Euphoria Telecom is one of the best software companies in South Africa and features on the list of the top 10 IT companies in South Africa. This leading software company in South Africa was founded in 2010 by George Golding and the head office is located at Cape Town, South Africa. Euphoria Telecom, one of the top 10 software companies in South Africa offers state of the art cloud-based telephony services with efficient automated operational capabilities to more than 1,000 clients across the country. This top IT company in South Africa has more than 100 employees and an annual revenue of around $20 million.

7. Red Button

Red Button is another of the top 10 software companies in South Africa and this one of the leading technology companies in South Africa offers one of the best wi-fi hotspot services to commercial establishments across the country. Red Button, one of the top 10 IT companies in South Africa was founded in 2006 and is headquartered at Cape Town, South Africa. This leading IT company in South Africa provides innovative wi-fi and internet services to more than 200 establishments across the country and is considered one of the best IT companies in South Africa.

8. Cipherwave

Cipherwave is one of the top 10 IT companies in South Africa and is a leading cloud storage provider in the country. This top IT company in South Africa was founded in 2007 and is headquartered at Johannesburg, South Africa. Cipherwave, one of the top 10 software companies in South Africa has more than 200 employees and has an annual revenue of almost $25 million. This leading software company in South Africa was founded by James Grcic and Jonathon Mason and is a much sought-after company for data recovery services in South Africa.

9. Cybersmart

Cybersmart is another of the top 10 software companies in South Africa and considered one of the best ISPs in the country. Cybersmart, one of the top 10 IT companies in South Africa was established in 1998 by Shaun Courtney, Zaid Bester, Laurie Fialkov, and Dave Johnstone at Cape Town, South Africa. This one of the leading software companies in South Africa employs more than 150 professionals and has an annual revenue of more than $20 million. Cybersmart is ranked as one of the best technology companies in South Africa and provides high-speed DSL and fiber net services across the country.

10. Wi Group

Wi Group is one of the best IT companies in South Africa and is deemed as one of the top 10 software companies in South Africa. This best software company in South Africa was founded in 2007 by Bevan Ducasse and Basie Kok at Cape Town, South Africa. Wi group, one of the top 10 IT companies in South Africa provides PoS and plug and play solutions for transactions to more than 5,000 retail and hospitality outlets in the country and has an annual revenue of almost $15 million.

Future Direction of the Top 10 Software Companies in South Africa

South Africa is the largest IT market in the African continent and the IT industry contributes a substantial share to the national economy. The top 10 software companies in South Africa are likely to register a robust growth in the next few years owing to growing digitization and urban development in the region. The best software companies in South Africa are geared to tap into the full potential of growth due to the booming e-commerce sector and the advent of technology into everyday lives of the consumers. The top 10 IT companies in South Africa are expected to cash in on the growing adoption of cloud computing services across corporate establishments and high development of network infrastructure in the country. Overall, the future course for the best IT companies in South Africa looks very promising as there is a strong drive for entrepreneurship in the country for the IT industry which will boost the demand for cloud-based services in the next few years.

Other Prominent Software Companies in South Africa

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