Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Telecom & Broadband | Aerospace & Defense | Data Center | CATV | LAN | Others |
|---|---|---|---|---|---|---|
| 2018 | 703.8 USD Mn | 304.9 USD Mn | 255.1 USD Mn | 141.1 USD Mn | 105.1 USD Mn | 96.6 USD Mn |
| 2019 | 754.7 USD Mn | 322.9 USD Mn | 277.1 USD Mn | 151.4 USD Mn | 112.2 USD Mn | 101.3 USD Mn |
| 2020 | 810.6 USD Mn | 342.6 USD Mn | 301.5 USD Mn | 162.7 USD Mn | 120 USD Mn | 106.4 USD Mn |
| 2021 | 872.3 USD Mn | 364.2 USD Mn | 328.7 USD Mn | 175.3 USD Mn | 128.7 USD Mn | 112 USD Mn |
| 2022 | 940.7 USD Mn | 388.1 USD Mn | 359.2 USD Mn | 189.3 USD Mn | 138.2 USD Mn | 118.2 USD Mn |
| 2023 | 1017.4 USD Mn | 414.8 USD Mn | 393.8 USD Mn | 205.1 USD Mn | 149 USD Mn | 125.2 USD Mn |
| 2024 | 1104.4 USD Mn | 445.1 USD Mn | 433.4 USD Mn | 223 USD Mn | 161.2 USD Mn | 133 USD Mn |
| 2025 | 1204.3 USD Mn | 479.9 USD Mn | 479.2 USD Mn | 243.6 USD Mn | 175.2 USD Mn | 142 USD Mn |
| 2026 | 1320.2 USD Mn | 520.2 USD Mn | 532.7 USD Mn | 267.6 USD Mn | 191.5 USD Mn | 152.5 USD Mn |
| 2027 | 1456.5 USD Mn | 567.6 USD Mn | 596.1 USD Mn | 295.9 USD Mn | 210.7 USD Mn | 164.8 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Use, portion of the Fiber Optic Market, by Cable End market is on a steady long-term growth path. Segment value stands at roughly USD 2985 Mn in 2026 and is projected to reach USD 3292 Mn by 2027 — a gain of about 10% over the forecast period, translating to a CAGR in the double digits.
- Fiber optics, also known as optical fibers, are thin, transparent strands of glass or plastic which are used to transmit light signals over long distances. These fibers have revolutionized the telecommunications industry and are now being increasingly adopted in various industries due to their high-speed data transmission capabilities, low attenuation, and immunity to electromagnetic interference.
- What the regional split looks like (2026): Telecom & Broadband leads, holding roughly 44% of segment value — the single largest regional share. Data Center is the second-largest contributor. Aerospace & Defense, CATV, LAN and Others make up the remainder, in descending order.
- By 2027, Telecom & Broadband alone is expected to reach USD 1457 Mn, with Data Center at USD 596 Mn.
Market Dynamics
Fiber optics, also known as optical fibers, are thin, transparent strands of glass or plastic which are used to transmit light signals over long distances. These fibers have revolutionized the telecommunications industry and are now being increasingly adopted in various industries due to their high-speed data transmission capabilities, low attenuation, and immunity to electromagnetic interference. The demand for fiber optic cables is predominantly driven by the cable end-use market, with applications across various industries such as telecommunications, data centers, healthcare, defense, and aerospace. In the telecommunications sector, fiber optic cables are widely used to transmit a large amount of data at high speeds over long distances. This has become essential with the rise of data-intensive applications such as streaming, cloud computing, and internet of things (IoT). These cables are also used in the last-mile connectivity to connect homes and businesses to the internet. In the data center market, fiber optic cables are used for high-speed interconnectivity between servers and switches. With the increasing adoption of cloud computing, there is a significant demand for high-speed data transmission, and fiber optic cables provide the ideal solution for this need.
In the healthcare sector, fiber optic cables play a crucial role in medical imaging equipment, allowing for high-resolution images to be transmitted quickly and accurately. This is particularly important in surgical procedures where precision and speed are crucial. In the defense and aerospace industries, fiber optics are used in communication and navigation equipment, providing secure, high-speed data transmission. With the increasing focus on the modernization of defense systems and the development of next-generation aircraft, the demand for fiber optic cables is expected to rise in these sectors. Apart from the above-mentioned end-use industries, fiber optics are also used in other applications such as industrial automation, transportation, energy, and security. The increasing demand for automation and data transfer in these industries is further driving the demand for fiber optic cables. In conclusion, the demand for fiber optic cables by the cable end-use market is ever-increasing, owing to the numerous advantages it offers. With the constantly evolving technological landscape, the demand for faster and more reliable data transfer is expected to continue to drive the demand for fiber optic cables in the future.
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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