Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2018 | 41.36 USD Mn | 3.42 USD Mn | 25.02 USD Mn | 12.06 USD Mn | 0.86 USD Mn |
| 2019 | 50.23 USD Mn | 4.23 USD Mn | 30.13 USD Mn | 14.56 USD Mn | 1.31 USD Mn |
| 2020 | 61.68 USD Mn | 5.28 USD Mn | 36.69 USD Mn | 17.77 USD Mn | 1.94 USD Mn |
| 2021 | 77.24 USD Mn | 6.73 USD Mn | 45.56 USD Mn | 22.13 USD Mn | 2.83 USD Mn |
| 2022 | 99.26 USD Mn | 8.79 USD Mn | 58.06 USD Mn | 28.26 USD Mn | 4.14 USD Mn |
| 2023 | 131.93 USD Mn | 11.88 USD Mn | 76.52 USD Mn | 37.35 USD Mn | 6.18 USD Mn |
| 2024 | 182.23 USD Mn | 16.69 USD Mn | 104.82 USD Mn | 51.28 USD Mn | 9.44 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
India accounted for the largest market share in 2018 in the Asia Pacific esim market, and is expected to reach USD 104.82 Million in 2024 from USD 25.02 Million in 2018. However, Rest of Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 48.44% during the forecast period 2019 - 2024. consumer goods segment accounted for the largest market share in 2018, this market is expected to reach USD 59.53 Million in 2024 from USD 13.79 Million in 2018. This market is projected to grow at a CAGR of 28.96% during the forecast period from 2019 - 2024. However, manufacturing segment is the fastest growing market, which is expected to grow at a CAGR of 30.43% during the forecast period 2019 - 2024.
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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