Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Large Enterprises | Small & Medium Enterprises |
|---|---|---|
| 2018 | 6.879597993 USD Mn | 3.962002007 USD Mn |
| 2019 | 8.131735539 USD Mn | 4.546544687 USD Mn |
| 2020 | 9.676777351 USD Mn | 5.254207852 USD Mn |
| 2021 | 11.59473329 USD Mn | 6.11570438 USD Mn |
| 2022 | 14.00080647 USD Mn | 7.175930098 USD Mn |
| 2023 | 17.00167923 USD Mn | 8.470048344 USD Mn |
| 2024 | 20.68014033 USD Mn | 10.0171759 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
large enterprises segment accounted for the larger market share in 2019, this market is expected to reach USD 20.68 Million in 2024 from USD 8.13 Million in 2019. This market is projected to grow at a CAGR of 20.91% during the forecast period from 2020 - 2024. However, large enterprises segment is the fastest growing market, which is expected to grow at a CAGR of 20.91% 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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