Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Higher Education | Corporate | K-12 | End-user_Others |
|---|---|---|---|---|
| 2017 | 72802.9 USD Mn | 33031.3 USD Mn | 19593.7 USD Mn | 10097.5 USD Mn |
| 2018 | 80024.6 USD Mn | 36948.8 USD Mn | 21974.1 USD Mn | 10881.5 USD Mn |
| 2019 | 88645.6 USD Mn | 41673.5 USD Mn | 24843.1 USD Mn | 11820.4 USD Mn |
| 2020 | 99017 USD Mn | 47421.4 USD Mn | 28331.2 USD Mn | 12951 USD Mn |
| 2021 | 111598.10 USD Mn | 54478.9 USD Mn | 32611.6 USD Mn | 14321.6 USD Mn |
| 2022 | 126996.90 USD Mn | 63230.8 USD Mn | 37916.3 USD Mn | 15995.5 USD Mn |
| 2023 | 146026.40 USD Mn | 74199 USD Mn | 44560 USD Mn | 18056.7 USD Mn |
| 2024 | 169786.50 USD Mn | 88100.9 USD Mn | 52975 USD Mn | 20618.5 USD Mn |
| 2025 | 199783.90 USD Mn | 105935.20 USD Mn | 63761.9 USD Mn | 23835 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
higher education segment accounted for the largest market share in the online education market, and is expected to reach USD 199783.90 Million in 2025 from USD 80024.60 Million in 2018. However, k 12 segment is the fastest growing market, which is expected to grow at a CAGR of 17.01% 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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