Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2017 | 861.5645312 USD Mn | 220.3444938 USD Mn | 198.5465132 USD Mn | 212.1313121 USD Mn | 230.5422121 USD Mn |
| 2018 | 908.6337936 USD Mn | 233.2398049 USD Mn | 212.1439272 USD Mn | 220.8781677 USD Mn | 242.3718937 USD Mn |
| 2019 | 958.365422 USD Mn | 246.831056 USD Mn | 226.6937716 USD Mn | 230.0077722 USD Mn | 254.8328222 USD Mn |
| 2020 | 1011.29816 USD Mn | 261.2517493 USD Mn | 242.3548606 USD Mn | 239.6297363 USD Mn | 268.0618138 USD Mn |
| 2021 | 1068.165794 USD Mn | 276.6860822 USD Mn | 259.3402474 USD Mn | 249.8938479 USD Mn | 282.2456164 USD Mn |
| 2022 | 1129.833475 USD Mn | 293.3526813 USD Mn | 277.9050617 USD Mn | 260.9724452 USD Mn | 297.6032868 USD Mn |
| 2023 | 1197.659991 USD Mn | 311.5984532 USD Mn | 298.4380157 USD Mn | 273.1424289 USD Mn | 314.481093 USD Mn |
| 2024 | 1273.271035 USD Mn | 331.8401833 USD Mn | 321.4132003 USD Mn | 286.7266795 USD Mn | 333.2909721 USD Mn |
| 2025 | 1358.748664 USD Mn | 354.6133816 USD Mn | 347.4427772 USD Mn | 302.1334253 USD Mn | 354.5590796 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Rest of Asia Pacific accounted for the largest market share in 2018 in the Asia Pacific level transmitter market , and is expected to reach USD 354.56 Million in 2025 from USD 242.37 Million in 2018. However, India is the fastest growing market, which is expected to grow at a CAGR of 7.38% during the forecast period 2019 - 2025. contact segment accounted for the larger market share in 2018, this market is expected to reach USD 882.96 Million in 2025 from USD 615.25 Million in 2018. This market is projected to grow at a CAGR of 5.37% during the forecast period from 2019 - 2025. However, non contact segment is the fastest growing market, which is expected to grow at a CAGR of 7.23% during the forecast period 2019 - 2025. oil and gas segment accounted for the largest market share in 2018, this market is expected to reach USD 538.92 Million in 2025 from USD 362.36 Million in 2018. This market is projected to grow at a CAGR of 5.90% during the forecast period from 2019 - 2025.
However, power generation segment is the fastest growing market, which is expected to grow at a CAGR of 6.89% during the forecast period 2019 - 2025. capacitance level transmitter segment accounted for the largest market share in 2018, this market is expected to reach USD 248.71 Million in 2025 from USD 175.20 Million in 2018. This market is projected to grow at a CAGR of 5.21% during the forecast period from 2019 - 2025. However, ultrasonic level transmitter segment is the fastest growing market, which is expected to grow at a CAGR of 7.13% 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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