Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Rest of the World | Middle East and Africa | South America |
|---|---|---|---|
| 2017 | 254.41 USD Mn | 151.98 USD Mn | 102.43 USD Mn |
| 2018 | 298.41 USD Mn | 175.88 USD Mn | 122.53 USD Mn |
| 2019 | 361.18 USD Mn | 209.93 USD Mn | 151.25 USD Mn |
| 2020 | 458.53 USD Mn | 262.69 USD Mn | 195.83 USD Mn |
| 2021 | 595.14 USD Mn | 335.91 USD Mn | 259.23 USD Mn |
| 2022 | 792.1 USD Mn | 440.22 USD Mn | 351.88 USD Mn |
| 2023 | 1089.18 USD Mn | 595.71 USD Mn | 493.47 USD Mn |
| 2024 | 1558.96 USD Mn | 838.6 USD Mn | 720.35 USD Mn |
| 2025 | 2346.41 USD Mn | 1240.64 USD Mn | 1105.77 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Middle East and Africa accounted for the larger market share in 2018 in the Rest of the World accelerator card market, and is expected to reach USD 1240.64 Million in 2025 from USD 175.88 Million in 2018. However, South America is the fastest growing market, which is expected to grow at a CAGR of 39.31% during the forecast period 2019 - 2025. central processing unit segment accounted for the largest market share in 2018, this market is expected to reach USD 866.79 Million in 2025 from USD 107.43 Million in 2018. This market is projected to grow at a CAGR of 37.08% during the forecast period from 2019 - 2025. However, field programmable gate array fpga segment is the fastest growing market, which is expected to grow at a CAGR of 38.96% during the forecast period 2019 - 2025. data analytics segment accounted for the largest market share in 2018, this market is expected to reach USD 730.76 Million in 2025 from USD 86.11 Million in 2018. This market is projected to grow at a CAGR of 38.09% during the forecast period from 2019 - 2025.
However, machine learning segment is the fastest growing market, which is expected to grow at a CAGR of 38.63% during the forecast period 2019 - 2025. high performance computing accelerator segment accounted for the larger market share in 2018, this market is expected to reach USD 1318.37 Million in 2025 from USD 164.86 Million in 2018. This market is projected to grow at a CAGR of 36.93% during the forecast period from 2019 - 2025. However, high performance computing accelerator segment is the fastest growing market, which is expected to grow at a CAGR of 36.93% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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