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AFRINET
IT SOLUTIONS Sample Business Plan Current Page: 6 Business plan outline Page 1 2 3 4 5 6 7 8 9 10 . . . » Next Page |
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| Industry
Overview,
size
and
growth
|
The
nature of the business falls under the Information and Communication
Technology (ICT) Industry of South Africa. The industry is diverse and
contributes lucratively to the growth of South Africa. In addition, the
industry is well recognized for its creation of employment. Between
1991 and 2001, the size of the South African ICT workforce ranged
between 45 000 and 60 000 employees and most of these where employed by
financial, information technology, business and manufacturing
sectors.
The size of the Information Technology Industry in South Africa is currently estimated at US$8.8 billion or R67.7 billion. This can be presented under the following categories:
Growth
in
the
past
has
been
driven
and
will
continue
to
be
amplified
by
public
and
private
training
institutions
that produce well over 20 000 people
who pass ICT courses per annum.
The industry is projected to grow to around US$13.0 billion or 97.5 billion in 2013. The Information Technology spending growth is noted to be easing further in 2009 as a result of the economic slowdown before recovering in 2010 and 2011. Despite the effects of the economic slowdown, the boom in infrastructure projects as catalyzed by the 2010 Fifa World Cup has helped to encourage IT spending and enhance the growth. The Information Technology industry will offer greater opportunities in the years to come. |
| Players |
The
players in the industry can be categorised as follows:
|
| Key
success
factors
|
The
key success factors include:
The provision of fast and reliable services
|
| Barriers
to
entry
|
The
factors limiting new entrants in the industry primarily include:
|
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