Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Europe | Germany | Spain | France | United Kingdom | Italy | Rest of Europe |
|---|---|---|---|---|---|---|---|
| 2017 | 844.97 USD Mn | 252.73 USD Mn | 55.54 USD Mn | 153.24 USD Mn | 195.57 USD Mn | 79.43 USD Mn | 108.46 USD Mn |
| 2018 | 1002.16 USD Mn | 302.71 USD Mn | 66.38 USD Mn | 179.32 USD Mn | 229.48 USD Mn | 95.47 USD Mn | 128.79 USD Mn |
| 2019 | 1226.48 USD Mn | 374 USD Mn | 81.87 USD Mn | 216.53 USD Mn | 277.85 USD Mn | 118.41 USD Mn | 157.81 USD Mn |
| 2020 | 1574.4 USD Mn | 484.5 USD Mn | 105.91 USD Mn | 274.25 USD Mn | 352.87 USD Mn | 154.04 USD Mn | 202.82 USD Mn |
| 2021 | 2066.26 USD Mn | 641.48 USD Mn | 140.08 USD Mn | 355.12 USD Mn | 458.18 USD Mn | 204.88 USD Mn | 266.51 USD Mn |
| 2022 | 2780.74 USD Mn | 870.63 USD Mn | 189.99 USD Mn | 471.54 USD Mn | 610.04 USD Mn | 279.43 USD Mn | 359.11 USD Mn |
| 2023 | 3866.27 USD Mn | 1220.41 USD Mn | 266.2 USD Mn | 646.87 USD Mn | 839.15 USD Mn | 393.74 USD Mn | 499.9 USD Mn |
| 2024 | 5595.54 USD Mn | 1780.17 USD Mn | 388.26 USD Mn | 923.7 USD Mn | 1201.53 USD Mn | 577.5 USD Mn | 724.38 USD Mn |
| 2025 | 8515.84 USD Mn | 2729.73 USD Mn | 595.48 USD Mn | 1387.02 USD Mn | 1809.12 USD Mn | 890.7 USD Mn | 1103.78 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2018 in the Europe accelerator card market, and is expected to reach USD 2729.73 Million in 2025 from USD 302.71 Million in 2018. However, Italy is the fastest growing market, which is expected to grow at a CAGR of 39.98% during the forecast period 2019 - 2025. graphics processing unit segment accounted for the largest market share in 2018, this market is expected to reach USD 3012.68 Million in 2025 from USD 377.87 Million in 2018. This market is projected to grow at a CAGR of 36.87% during the forecast period from 2019 - 2025. However, field programmable gate array fpga segment is the fastest growing market, which is expected to grow at a CAGR of 39.77% during the forecast period 2019 - 2025. data analytics segment accounted for the largest market share in 2018, this market is expected to reach USD 2640.38 Million in 2025 from USD 288.09 Million in 2018. This market is projected to grow at a CAGR of 39.62% during the forecast period from 2019 - 2025.
However, machine learning segment is the fastest growing market, which is expected to grow at a CAGR of 40.11% during the forecast period 2019 - 2025. cloud accelerator segment accounted for the larger market share in 2018, this market is expected to reach USD 4575.94 Million in 2025 from USD 505.11 Million in 2018. This market is projected to grow at a CAGR of 39.39% during the forecast period from 2019 - 2025. However, cloud accelerator segment is the fastest growing market, which is expected to grow at a CAGR of 39.39% 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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