Pro
Technology & Electronics
Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | USD Billion |
|---|---|
| 2018 | 0.3549967804402108 USD Billion |
| 2019 | 0.4636554669654814 USD Billion |
| 2020 | 0.6057713649300178 USD Billion |
| 2021 | 0.7913533287215536 USD Billion |
| 2022 | 1.0336374933294177 USD Billion |
| 2023 | 1.3585633519565 USD Billion |
| 2024 | 1.749908816787255 USD Billion |
| 2025 | 2.2544877332765796 USD Billion |
| 2026 | 2.5910362718350712 USD Billion |
| 2027 | 2.801603318674577 USD Billion |
| 2028 | 3.0749708966132556 USD Billion |
| 2029 | 3.556917167862862 USD Billion |
| 2030 | 4.184534956075517 USD Billion |
| 2031 | 5.046663989885005 USD Billion |
| 2032 | 5.638592034386328 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
The passenger transportation industry in China has seen significant growth in the past decade. From taxis to ride-hailing services and from private vehicles to public transportation, the industry is undergoing rapid changes. One of the most significant changes in recent years has been the emergence of Mobility-as-a-Service (MaaS). MaaS is an integrated mobility system that provides convenient and efficient public transit, car sharing, ride-hailing, taxi services, and bike sharing, all in one place. The increasing demand for MaaS in China is being driven by a combination of government initiatives, rising passenger transportation needs, and technology advancements. The Chinese government has taken several measures to promote MaaS. In particular, the government is investing heavily in digital infrastructure to support MaaS initiatives, such as public transit apps. In addition, the government is encouraging the development of private MaaS, which involves partnering with private companies to offer MaaS services. This has enabled a more open and competitive environment for the provision of MaaS. The demand for MaaS in China is also driven by rising passenger transportation needs. With the rapid urbanization of China, there is an increasing need for convenient, efficient, and affordable transportation options.
This has led to the development of innovative MaaS solutions designed for long-distance travel, as well as short-distance trips within cities. Finally, the increasing adoption of technology in the passenger transportation industry is enabling the growth of MaaS in China. As internet and mobile device penetration continue to rise, so does the use of MaaS solutions. These solutions are becoming increasingly sophisticated with the inclusion of smart cards, GPS tracking, and other technologies. The outlook for China's MaaS market appears bright. With the combination of government initiatives, rising passenger transportation needs, and technological advancements, the industry is likely to realize further growth in the coming years. As the industry matures, MaaS offerings are expected to become more robust and comprehensive, providing passengers with a more seamless, convenient, and efficient transportation experience.
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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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.