Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific |
|---|---|---|---|---|---|
| 2015 | 5437.40 USD Mn | 1276.70 USD Mn | 660.8 USD Mn | 1911.40 USD Mn | 1588.60 USD Mn |
| 2016 | 6329.00 USD Mn | 1550.40 USD Mn | 780.8 USD Mn | 2123.00 USD Mn | 1874.70 USD Mn |
| 2017 | 7376.60 USD Mn | 1885.30 USD Mn | 924 USD Mn | 2361.20 USD Mn | 2206.10 USD Mn |
| 2018 | 8602.20 USD Mn | 2293.80 USD Mn | 1094.00 USD Mn | 2627.60 USD Mn | 2586.90 USD Mn |
| 2019 | 10044.80 USD Mn | 2794.40 USD Mn | 1296.90 USD Mn | 2927.90 USD Mn | 3025.50 USD Mn |
| 2020 | 11754.10 USD Mn | 3411.60 USD Mn | 1540.80 USD Mn | 3269.50 USD Mn | 3532.30 USD Mn |
| 2021 | 13772.60 USD Mn | 4170.60 USD Mn | 1832.90 USD Mn | 3655.70 USD Mn | 4113.40 USD Mn |
| 2022 | 16171.70 USD Mn | 5109.20 USD Mn | 2185.10 USD Mn | 4096.10 USD Mn | 4781.30 USD Mn |
| 2023 | 19043.90 USD Mn | 6277.20 USD Mn | 2612.40 USD Mn | 4603.00 USD Mn | 5551.20 USD Mn |
| 2024 | 22508.80 USD Mn | 7740.70 USD Mn | 3134.90 USD Mn | 5191.60 USD Mn | 6441.60 USD Mn |
| 2025 | 26704.00 USD Mn | 9581.10 USD Mn | 3775.90 USD Mn | 5877.50 USD Mn | 7469.40 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Japan accounted for the largest market share in 2018 in the Asia Pacific smart home and office market, and is expected to reach USD 5877.50 Million in 2025 from USD 2627.60 Million in 2018. However, China is the fastest growing market, which is expected to grow at a CAGR of 22.80% during the forecast period 2019 - 2025. smart home segment accounted for the larger market share in 2018, this market is expected to reach USD 19136.60 Million in 2025 from USD 6364.10 Million in 2018. This market is projected to grow at a CAGR of 17.16% during the forecast period from 2019 - 2025. However, smart office segment is the fastest growing market, which is expected to grow at a CAGR of 19.14% during the forecast period 2019 - 2025. surveillance segment accounted for the largest market share in 2018, this market is expected to reach USD 8759.30 Million in 2025 from USD 3015.70 Million in 2018. This market is projected to grow at a CAGR of 16.58% during the forecast period from 2019 - 2025.
However, access controls segment is the fastest growing market, which is expected to grow at a CAGR of 19.68% during the forecast period 2019 - 2025. wi fi segment accounted for the largest market share in 2018, this market is expected to reach USD 7266.20 Million in 2025 from USD 2117.80 Million in 2018. This market is projected to grow at a CAGR of 19.44% during the forecast period from 2019 - 2025. However, wi fi segment is the fastest growing market, which is expected to grow at a CAGR of 19.44% 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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