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The South Africa security services market is expected to reach a value of USD 424.40 million by 2028, growing at a CAGR of 4.52% from 2023 to 2028. The market is driven by factors such as the rising crime rate, increasing urbanization, and growing adoption of security technologies.
The South Africa government is a major purchaser of security services, with a budget of USD 88 billion in 2023. The government procures a wide range of security services, including physical security, cyber security, and investigative services.
The main security services products and services procured by the South Africa government are:
Physical security services: These services include guarding, access control, and alarm monitoring.
Cyber security services: These services include penetration testing, vulnerability scanning, and incident response.
Investigative services: These services include fraud investigations, background checks, and asset tracing.
The top authorities for South Africa security services procurement are:
South African Police Service (SAPS)
Department of Defence (DoD)
Department of Correctional Services (DCS)
Department of State Security (DSS)
The top winners of South Africa security services procurement are:
G4S
ADT Security
Fidelity Security
Chubb Security
Securitas
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