Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Hardware | Software | Services |
|---|---|---|---|
| 2018 | 2.372616942 USD Mn | 6.500362077 USD Mn | 1.96862098 USD Mn |
| 2019 | 2.7336191 USD Mn | 7.717423348 USD Mn | 2.227237778 USD Mn |
| 2020 | 3.163667052 USD Mn | 9.228841421 USD Mn | 2.538476729 USD Mn |
| 2021 | 3.677825812 USD Mn | 11.11763302 USD Mn | 2.914978833 USD Mn |
| 2022 | 4.297903887 USD Mn | 13.50338488 USD Mn | 3.375447805 USD Mn |
| 2023 | 5.037271667 USD Mn | 16.50127568 USD Mn | 3.933180227 USD Mn |
| 2024 | 5.896455607 USD Mn | 20.20731793 USD Mn | 4.593542692 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
software segment accounted for the largest market share in 2019, this market is expected to reach USD 20.21 Million in 2024 from USD 7.72 Million in 2019. This market is projected to grow at a CAGR of 21.64% during the forecast period from 2020 - 2024.
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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