Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Thermal Transfer | Direct Thermal | Ink Jet | Laser Printing | Dot Matrix |
|---|---|---|---|---|---|
| 2017 | 164.6 USD Mn | 191.3 USD Mn | 134.1 USD Mn | 116.8 USD Mn | 85.1 USD Mn |
| 2018 | 172.5 USD Mn | 202.5 USD Mn | 140.9 USD Mn | 124.6 USD Mn | 86.8 USD Mn |
| 2019 | 181.3 USD Mn | 215 USD Mn | 148.4 USD Mn | 133.2 USD Mn | 88.9 USD Mn |
| 2020 | 191.2 USD Mn | 229 USD Mn | 156.6 USD Mn | 143 USD Mn | 91.3 USD Mn |
| 2021 | 202.4 USD Mn | 244.8 USD Mn | 165.9 USD Mn | 154.1 USD Mn | 94.1 USD Mn |
| 2022 | 215.1 USD Mn | 262.8 USD Mn | 176.2 USD Mn | 166.6 USD Mn | 97.5 USD Mn |
| 2023 | 229.6 USD Mn | 283.3 USD Mn | 187.8 USD Mn | 181 USD Mn | 101.4 USD Mn |
| 2024 | 246.2 USD Mn | 306.9 USD Mn | 201 USD Mn | 197.6 USD Mn | 106 USD Mn |
| 2025 | 265.4 USD Mn | 334.2 USD Mn | 216.1 USD Mn | 216.9 USD Mn | 111.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
direct thermal segment accounted for the largest market share in 2018, this market is expected to reach USD 334.20 Million in 2025 from USD 202.50 Million in 2018. This market is projected to grow at a CAGR of 7.63% during the forecast period from 2019 - 2025. However, laser printing segment is the fastest growing market, which is expected to grow at a CAGR of 8.47% 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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