Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Europe | Germany | France | United Kingdom | Italy | Portugal | Rest of Europe |
|---|---|---|---|---|---|---|---|
| 2017 | 25128.40907 USD Mn | 3905.324157 USD Mn | 2648.903704 USD Mn | 2146.336703 USD Mn | 7833.891666 USD Mn | 5413.011112 USD Mn | 3180.94173 USD Mn |
| 2018 | 27963.50009 USD Mn | 4413.070696 USD Mn | 2902.325075 USD Mn | 2327.792394 USD Mn | 8729.024482 USD Mn | 6176.820684 USD Mn | 3414.466756 USD Mn |
| 2019 | 31370.27621 USD Mn | 5027.186056 USD Mn | 3205.724634 USD Mn | 2545.018328 USD Mn | 9792.1062 USD Mn | 7105.446042 USD Mn | 3694.794946 USD Mn |
| 2020 | 35498.54121 USD Mn | 5776.627767 USD Mn | 3571.673288 USD Mn | 2806.744852 USD Mn | 11065.68696 USD Mn | 8244.855503 USD Mn | 4032.952842 USD Mn |
| 2021 | 40546.24268 USD Mn | 6699.952957 USD Mn | 4016.661025 USD Mn | 3124.373173 USD Mn | 12605.40774 USD Mn | 9656.565637 USD Mn | 4443.28215 USD Mn |
| 2022 | 46777.7739 USD Mn | 7849.065426 USD Mn | 4562.54819 USD Mn | 3512.947761 USD Mn | 14484.77107 USD Mn | 11423.81525 USD Mn | 4944.626204 USD Mn |
| 2023 | 54550.30938 USD Mn | 9294.646513 USD Mn | 5238.639094 USD Mn | 3992.539447 USD Mn | 16801.91818 USD Mn | 13660.55605 USD Mn | 5562.010095 USD Mn |
| 2024 | 64352.17841 USD Mn | 11134.12707 USD Mn | 6084.681664 USD Mn | 4590.236977 USD Mn | 19689.36987 USD Mn | 16524.71399 USD Mn | 6329.048836 USD Mn |
| 2025 | 76859.52048 USD Mn | 13503.54674 USD Mn | 7155.263422 USD Mn | 5343.05176 USD Mn | 23328.2005 USD Mn | 20238.01475 USD Mn | 7291.443311 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Italy accounted for the largest market share in 2018 in the Europe online education market, and is expected to reach USD 23328.20 Million in 2025 from USD 8729.02 Million in 2018. However, Portugal is the fastest growing market, which is expected to grow at a CAGR of 19.06% during the forecast period 2019 - 2025. hardware segment accounted for the larger market share in 2018, this market is expected to reach USD 48403.70 Million in 2025 from USD 18737.10 Million in 2018. This market is projected to grow at a CAGR of 15.08% during the forecast period from 2019 - 2025. However, software segment is the fastest growing market, which is expected to grow at a CAGR of 18.02% during the forecast period 2019 - 2025. asynchronous segment accounted for the largest market share in 2018, this market is expected to reach USD 38017.29 Million in 2025 from USD 14628.21 Million in 2018. This market is projected to grow at a CAGR of 15.16% during the forecast period from 2019 - 2025.
However, synchronous segment is the fastest growing market, which is expected to grow at a CAGR of 18.00% during the forecast period 2019 - 2025. higher education segment accounted for the largest market share in 2018, this market is expected to reach USD 39277.59 Million in 2025 from USD 15032.94 Million in 2018. This market is projected to grow at a CAGR of 15.25% during the forecast period from 2019 - 2025. However, k 12 segment is the fastest growing market, which is expected to grow at a CAGR of 18.01% during the forecast period 2019 - 2025. content segment accounted for the larger market share in 2018, this market is expected to reach USD 48827.00 Million in 2025 from USD 19095.90 Million in 2018. This market is projected to grow at a CAGR of 14.90% during the forecast period from 2019 - 2025. However, services segment is the fastest growing market, which is expected to grow at a CAGR of 18.45% 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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