Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Private Cloud | Public Cloud | Hybrid Cloud |
|---|---|---|---|
| 2018 | 1.82163382 USD Mn | 6.310740325 USD Mn | 2.709225855 USD Mn |
| 2019 | 2.080110478 USD Mn | 7.418992026 USD Mn | 3.179177723 USD Mn |
| 2020 | 2.390500059 USD Mn | 8.783803009 USD Mn | 3.756682135 USD Mn |
| 2021 | 2.765041596 USD Mn | 10.47477308 USD Mn | 4.470622997 USD Mn |
| 2022 | 3.221675634 USD Mn | 12.59235398 USD Mn | 5.362706957 USD Mn |
| 2023 | 3.773016698 USD Mn | 15.22824726 USD Mn | 6.47046362 USD Mn |
| 2024 | 4.423564775 USD Mn | 18.45212326 USD Mn | 7.821628189 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
public cloud segment accounted for the largest market share in 2019, this market is expected to reach USD 18.45 Million in 2024 from USD 7.42 Million in 2019. This market is projected to grow at a CAGR of 20.39% during the forecast period from 2020 - 2024. However, public cloud segment is the fastest growing market, which is expected to grow at a CAGR of 20.39% during the forecast period 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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