Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | North America | United States | Canada | Mexico |
|---|---|---|---|---|
| 2017 | 1391.15 USD Mn | 873.88 USD Mn | 398.68 USD Mn | 118.58 USD Mn |
| 2018 | 1751.96 USD Mn | 1091.42 USD Mn | 510.42 USD Mn | 150.13 USD Mn |
| 2019 | 2232.35 USD Mn | 1378.89 USD Mn | 661.16 USD Mn | 192.29 USD Mn |
| 2020 | 2879.51 USD Mn | 1763.18 USD Mn | 866.98 USD Mn | 249.34 USD Mn |
| 2021 | 3762.14 USD Mn | 2283.14 USD Mn | 1151.52 USD Mn | 327.48 USD Mn |
| 2022 | 4981.49 USD Mn | 2995.56 USD Mn | 1550.03 USD Mn | 435.90 USD Mn |
| 2023 | 6688.81 USD Mn | 3984.63 USD Mn | 2115.80 USD Mn | 588.38 USD Mn |
| 2024 | 9113.08 USD Mn | 5376.78 USD Mn | 2930.46 USD Mn | 805.84 USD Mn |
| 2025 | 12606.06 USD Mn | 7364.57 USD Mn | 4120.92 USD Mn | 1120.57 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the largest market share in 2018 in the North America deep learning market, and is expected to reach USD 7364.57 Million in 2025 from USD 1091.42 Million in 2018. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 35.66% during the forecast period 2019 - 2025. image recognition segment accounted for the largest market share in 2018, this market is expected to reach USD 4183.06 Million in 2025 from USD 665.49 Million in 2018. This market is projected to grow at a CAGR of 30.85% during the forecast period from 2019 - 2025. However, signal recognition segment is the fastest growing market, which is expected to grow at a CAGR of 36.55% during the forecast period 2019 - 2025. security segment accounted for the largest market share in 2018, this market is expected to reach USD 2539.84 Million in 2025 from USD 399.63 Million in 2018. This market is projected to grow at a CAGR of 30.88% during the forecast period from 2019 - 2025.
However, retail segment is the fastest growing market, which is expected to grow at a CAGR of 38.27% during the forecast period 2019 - 2025. hardware segment accounted for the largest market share in 2018, this market is expected to reach USD 6399.10 Million in 2025 from USD 950.40 Million in 2018. This market is projected to grow at a CAGR of 32.16% during the forecast period from 2019 - 2025. However, software segment is the fastest growing market, which is expected to grow at a CAGR of 35.68% 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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