Pro
Technology & Electronics
Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | North America | United States | Canada | Mexico |
|---|---|---|---|---|
| 2018 | 195.97 USD Mn | 108.15 USD Mn | 63.27 USD Mn | 24.55 USD Mn |
| 2019 | 215.44 USD Mn | 118.44 USD Mn | 70.33 USD Mn | 26.67 USD Mn |
| 2020 | 238.5 USD Mn | 130.6 USD Mn | 78.72 USD Mn | 29.18 USD Mn |
| 2021 | 266.99 USD Mn | 145.61 USD Mn | 89.1 USD Mn | 32.28 USD Mn |
| 2022 | 303.33 USD Mn | 164.74 USD Mn | 102.35 USD Mn | 36.24 USD Mn |
| 2023 | 350.8 USD Mn | 189.69 USD Mn | 119.68 USD Mn | 41.42 USD Mn |
| 2024 | 414.04 USD Mn | 222.9 USD Mn | 142.83 USD Mn | 48.31 USD Mn |
| 2025 | 499.74 USD Mn | 267.81 USD Mn | 174.31 USD Mn | 57.63 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the largest market share in 2018 in the North America audit software market, and is expected to reach USD 267.81 Million in 2025 from USD 108.15 Million in 2018. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 16.33% during the forecast period 2019 - 2025. large enterprise segment accounted for the larger market share in 2018, this market is expected to reach USD 288.54 Million in 2025 from USD 123.66 Million in 2018. This market is projected to grow at a CAGR of 13.58% during the forecast period from 2019 - 2025. However, small and medium sized enterprise segment is the fastest growing market, which is expected to grow at a CAGR of 17.31% during the forecast period 2019 - 2025. bfsi segment accounted for the largest market share in 2018, this market is expected to reach USD 112.61 Million in 2025 from USD 41.57 Million in 2018. This market is projected to grow at a CAGR of 16.05% during the forecast period from 2019 - 2025.
However, energy and utility segment is the fastest growing market, which is expected to grow at a CAGR of 18.45% during the forecast period 2019 - 2025. solution segment accounted for the larger market share in 2018, this market is expected to reach USD 252.98 Million in 2025 from USD 111.75 Million in 2018. This market is projected to grow at a CAGR of 13.08% during the forecast period from 2019 - 2025. However, service segment is the fastest growing market, which is expected to grow at a CAGR of 17.36% during the forecast period 2019 - 2025. on premise segment accounted for the larger market share in 2018, this market is expected to reach USD 256.46 Million in 2025 from USD 113.68 Million in 2018. This market is projected to grow at a CAGR of 13.02% during the forecast period from 2019 - 2025. However, cloud based segment is the fastest growing market, which is expected to grow at a CAGR of 17.51% 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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