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South Africa IT Services Market, By Type, End-user,Size and Share - Forecast 2023 The South African IT services industry had total revenues of $3.3bn in 2018, representing a compound annual growth rate (CAGR) of 20.4% between 2014 and 2018. The infrastructure services segment was the industry's most lucrative in 2018, with total revenues of $2.2bn, equivalent to 65.6% of the industry's overall value.