Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Rest of the World | Middle East and Africa | South America |
|---|---|---|---|
| 2017 | 34.1 USD Mn | 24.1 USD Mn | 10 USD Mn |
| 2018 | 35.3 USD Mn | 24.9 USD Mn | 11.2 USD Mn |
| 2019 | 36.7 USD Mn | 25.9 USD Mn | 12.6 USD Mn |
| 2020 | 38.2 USD Mn | 27.1 USD Mn | 14.1 USD Mn |
| 2021 | 40 USD Mn | 28.6 USD Mn | 16 USD Mn |
| 2022 | 42.1 USD Mn | 30.5 USD Mn | 18.3 USD Mn |
| 2023 | 44.7 USD Mn | 33.2 USD Mn | 21.1 USD Mn |
| 2024 | 47.8 USD Mn | 37 USD Mn | 24.8 USD Mn |
| 2025 | 51.7 USD Mn | 42.2 USD Mn | 29.7 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 body-worn camera market, and is expected to reach USD 42.20 Million in 2025 from USD 24.90 Million in 2018. However, South America is the fastest growing market, which is expected to grow at a CAGR of 15.36% during the forecast period 2019 - 2025. hd segment accounted for the largest market share in 2018, this market is expected to reach USD 20.50 Million in 2025 from USD 12.20 Million in 2018. This market is projected to grow at a CAGR of 8.31% during the forecast period from 2019 - 2025. However, 4k segment is the fastest growing market, which is expected to grow at a CAGR of 12.95% during the forecast period 2019 - 2025. recording type segment accounted for the larger market share in 2018, this market is expected to reach USD 43.10 Million in 2025 from USD 22.90 Million in 2018. This market is projected to grow at a CAGR of 10.10% during the forecast period from 2019 - 2025.
However, live streaming and recording segment is the fastest growing market, which is expected to grow at a CAGR of 12.38% during the forecast period 2019 - 2025. law enforcement segment accounted for the largest market share in 2018, this market is expected to reach USD 19.20 Million in 2025 from USD 11.50 Million in 2018. This market is projected to grow at a CAGR of 8.30% during the forecast period from 2019 - 2025. However, military segment is the fastest growing market, which is expected to grow at a CAGR of 13.49% 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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