Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | (USD Million) | UK | Germany | Rest of Europe | France | Italy | Russia |
|---|---|---|---|---|---|---|---|
| 2014 | 2014 USD Mn | 18.4 USD Mn | 16.6 USD Mn | 4.6 USD Mn | 2.2 USD Mn | 0.5 USD Mn | 0.4 USD Mn |
| 2015 | 2015 USD Mn | 19.7 USD Mn | 17.7 USD Mn | 5.2 USD Mn | 2.4 USD Mn | 0.6 USD Mn | 0.5 USD Mn |
| 2016 | 2016 USD Mn | 21.3 USD Mn | 19 USD Mn | 5.9 USD Mn | 2.7 USD Mn | 0.7 USD Mn | 0.5 USD Mn |
| 2017 | 2017 USD Mn | 23.1 USD Mn | 20.5 USD Mn | 6.7 USD Mn | 3 USD Mn | 0.7 USD Mn | 0.6 USD Mn |
| 2018 | 2018 USD Mn | 25.3 USD Mn | 22.3 USD Mn | 7.8 USD Mn | 3.3 USD Mn | 0.8 USD Mn | 0.7 USD Mn |
| 2019 | 2019 USD Mn | 28 USD Mn | 24.6 USD Mn | 9.1 USD Mn | 3.8 USD Mn | 1 USD Mn | 0.8 USD Mn |
| 2020 | 2020 USD Mn | 29.8 USD Mn | 26.1 USD Mn | 10.3 USD Mn | 4.2 USD Mn | 1.1 USD Mn | 0.9 USD Mn |
| 2021 | 2021 USD Mn | 31.8 USD Mn | 27.8 USD Mn | 11.6 USD Mn | 4.6 USD Mn | 1.2 USD Mn | 1 USD Mn |
| 2022 | 2022 USD Mn | 34 USD Mn | 29.7 USD Mn | 13.1 USD Mn | 5 USD Mn | 1.3 USD Mn | 1.1 USD Mn |
| 2023 | 2023 USD Mn | 36.3 USD Mn | 31.8 USD Mn | 14.9 USD Mn | 5.5 USD Mn | 1.5 USD Mn | 1.3 USD Mn |
| 2024 | 2024 USD Mn | 38.9 USD Mn | 34.1 USD Mn | 17 USD Mn | 6.1 USD Mn | 1.7 USD Mn | 1.5 USD Mn |
| 2025 | 2025 USD Mn | 41.7 USD Mn | 36.7 USD Mn | 19.4 USD Mn | 6.8 USD Mn | 1.9 USD Mn | 1.7 USD Mn |
| 2026 | 2026 USD Mn | 45.2 USD Mn | 40 USD Mn | 22.4 USD Mn | 7.6 USD Mn | 2.2 USD Mn | 1.9 USD Mn |
| 2027 | 2027 USD Mn | 49.4 USD Mn | 44 USD Mn | 26.2 USD Mn | 8.6 USD Mn | 2.5 USD Mn | 2.2 USD Mn |
| 2028 | 2028 USD Mn | 54.4 USD Mn | 48.9 USD Mn | 30.9 USD Mn | 9.9 USD Mn | 2.9 USD Mn | 2.6 USD Mn |
| 2029 | 2029 USD Mn | 60.6 USD Mn | 55 USD Mn | 36.9 USD Mn | 11.4 USD Mn | 3.5 USD Mn | 3.1 USD Mn |
| 2030 | 2030 USD Mn | 68.1 USD Mn | 62.7 USD Mn | 44.5 USD Mn | 13.4 USD Mn | 4.1 USD Mn | 3.7 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Europe User Experience (UX) Research Software Market, by Region market is on a steady long-term growth path. Segment value stands at roughly USD 2145 Mn in 2026 and is projected to reach USD 2226 Mn by 2030 — a gain of about 4% over the forecast period, translating to a CAGR in the low single digits.
- User experience (UX) research software has become an integral part of businesses all around the world. It helps companies to understand their customers’ needs, preferences, and behaviors, which ultimately leads to better products and services.
- What the regional split looks like (2026): (USD Million) leads, holding roughly 94% of segment value — the single largest regional share. UK is the second-largest contributor. Germany, Rest of Europe, France, Italy and Russia make up the remainder, in descending order.
- By 2030, (USD Million) alone is expected to reach USD 2030 Mn, with UK at USD 68 Mn.
Market Dynamics
User experience (UX) research software has become an integral part of businesses all around the world. It helps companies to understand their customers’ needs, preferences, and behaviors, which ultimately leads to better products and services. Europe has emerged as one of the leading markets for UX research software, and for good reason. Firstly, Europe is home to some of the most innovative companies in the world, particularly in the technology sector. These companies have a deep understanding of the importance of user experience and are constantly investing in UX research software to improve their products and services. This has created a high demand for UX research software in the region, with companies from various industries such as finance, healthcare, and e-commerce incorporating it into their operations. Secondly, the European market is highly competitive, with businesses constantly striving to stand out from their competitors. This has led to a strong emphasis on understanding customer needs and providing a seamless user experience. As a result, companies are investing heavily in UX research software to gain insights into their customers’ behaviors and preferences, which they use to design and improve their products.
Furthermore, the European market is characterized by a high level of digitalization. With the rise of e-commerce and digital services, there is a growing need for businesses to have a strong online presence and provide a user-friendly experience. UX research software has become an essential tool in achieving this, as it helps companies to understand how customers interact with their online platforms and make necessary improvements. Another factor contributing to the demand for UX research software in Europe is the increasing focus on data privacy and security. With the implementation of the General Data Protection Regulation (GDPR), companies are under pressure to ensure that their data collection and usage practices are in line with the regulations. This has led to the adoption of UX research software that complies with strict privacy and security standards, giving businesses peace of mind while conducting research on their customers. Lastly, the diverse cultural and linguistic landscape of Europe adds to the demand for UX research software. Companies need to understand the unique needs and preferences of their customers in different regions, and UX research software allows them to do just that.
By providing multilingual and culturally sensitive research tools, these software solutions help companies to gather accurate and relevant data from customers across Europe. In conclusion, the demand for UX research software in Europe is driven by a combination of factors such as a highly competitive market, a focus on data privacy and security, and a diverse cultural landscape. As businesses continue to prioritize the user experience, the demand for such software is expected to increase even further in the region.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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