The market for business continuity planning and auditing in South Africa is growing rapidly.
In 2022, the market was valued at R1.5 billion and is expected to grow to R2.5 billion by 2025. This growth is being driven by a number of factors, including:
- The increasing frequency and severity of natural disasters, such as floods and fires.
- The growing threat of cyber attacks.
- The increasing complexity of business operations.
- The increasing demand for compliance with regulations.
The main companies in the business continuity planning and auditing market in South Africa are:
- Mazars
- PwC
- Deloitte
- Ernst & Young
- KPMG
There are also a number of sought-after independent consultants in the market.
These consultants typically have deep experience in a particular industry or sector, and can provide tailored advice and solutions to businesses.
The demand for business continuity planning and auditing is expected to continue to grow in the coming years. This is due to the increasing number of risks that businesses face, as well as the increasing importance of compliance with regulations.
Businesses that do not have a robust business continuity plan in place are at risk of significant financial losses and reputational damage in the event of a disruption.
The Outlook for the Business Continuity Planning and Auditing Market
The outlook for the business continuity planning and auditing market in South Africa is positive. The market is expected to continue to grow in the coming years, driven by the increasing number of risks that businesses face, as well as the increasing importance of compliance with regulations. Businesses that do not have a robust business continuity plan in place are at risk of significant financial losses and reputational damage in the event of a disruption.
