Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Europe | Germany | France | United Kingdom | Rest of Europe |
|---|---|---|---|---|---|
| 2017 | 124 USD Mn | 30.6 USD Mn | 28.4 USD Mn | 34.6 USD Mn | 30.5 USD Mn |
| 2018 | 133.4 USD Mn | 36.4 USD Mn | 32.2 USD Mn | 40.5 USD Mn | 36.1 USD Mn |
| 2019 | 143.7 USD Mn | 43.7 USD Mn | 36.6 USD Mn | 47.5 USD Mn | 42.9 USD Mn |
| 2020 | 155.3 USD Mn | 52.6 USD Mn | 41.6 USD Mn | 55.8 USD Mn | 50.9 USD Mn |
| 2021 | 168.7 USD Mn | 63.4 USD Mn | 47.7 USD Mn | 66.1 USD Mn | 60.7 USD Mn |
| 2022 | 184.6 USD Mn | 76.7 USD Mn | 55.1 USD Mn | 78.8 USD Mn | 72.4 USD Mn |
| 2023 | 204 USD Mn | 93.4 USD Mn | 64.5 USD Mn | 94.8 USD Mn | 86.6 USD Mn |
| 2024 | 228.1 USD Mn | 114.6 USD Mn | 76.5 USD Mn | 115.1 USD Mn | 104 USD Mn |
| 2025 | 258.7 USD Mn | 142.8 USD Mn | 92.4 USD Mn | 141.4 USD Mn | 125.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United Kingdom accounted for the largest market share in 2018 in the Europe body-worn camera market, and is expected to reach USD 141.40 Million in 2025 from USD 40.50 Million in 2018. However, Germany is the fastest growing market, which is expected to grow at a CAGR of 21.82% during the forecast period 2019 - 2025. law enforcement segment accounted for the largest market share in 2018, this market is expected to reach USD 153.70 Million in 2025 from USD 51.30 Million in 2018. This market is projected to grow at a CAGR of 17.24% during the forecast period from 2019 - 2025. However, military segment is the fastest growing market, which is expected to grow at a CAGR of 22.31% during the forecast period 2019 - 2025. recording type segment accounted for the larger market share in 2018, this market is expected to reach USD 299.80 Million in 2025 from USD 92.60 Million in 2018. This market is projected to grow at a CAGR of 18.59% 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 21.52% during the forecast period 2019 - 2025. full hd segment accounted for the largest market share in 2018, this market is expected to reach USD 190.60 Million in 2025 from USD 52.30 Million in 2018. This market is projected to grow at a CAGR of 20.62% during the forecast period from 2019 - 2025. However, 4k segment is the fastest growing market, which is expected to grow at a CAGR of 20.97% 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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