Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Image Recognition | Data Mining | Signal Recognition | Application_Others |
|---|---|---|---|---|
| 2017 | 1016.1 USD Mn | 748.2 USD Mn | 451.6 USD Mn | 335.7 USD Mn |
| 2018 | 1263.8 USD Mn | 947.5 USD Mn | 578.8 USD Mn | 423.9 USD Mn |
| 2019 | 1590 USD Mn | 1214.5 USD Mn | 750.8 USD Mn | 541.8 USD Mn |
| 2020 | 2024.5 USD Mn | 1576.2 USD Mn | 986 USD Mn | 701.2 USD Mn |
| 2021 | 2610.1 USD Mn | 2072.5 USD Mn | 1312 USD Mn | 919.3 USD Mn |
| 2022 | 3409.3 USD Mn | 2762.7 USD Mn | 1769.4 USD Mn | 1221.7 USD Mn |
| 2023 | 4514.3 USD Mn | 3735.5 USD Mn | 2420.4 USD Mn | 1646.7 USD Mn |
| 2024 | 6063 USD Mn | 5126.4 USD Mn | 3360 USD Mn | 2252.5 USD Mn |
| 2025 | 8264.3 USD Mn | 7145.1 USD Mn | 4736.5 USD Mn | 3128.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
image recognition segment accounted for the largest market share in the deep learning market, and is expected to reach USD 8264.30 Million in 2025 from USD 1263.80 Million in 2018. However, signal recognition segment is the fastest growing market, which is expected to grow at a CAGR of 35.93% 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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