Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | North America | United States | Canada | Mexico |
|---|---|---|---|---|
| 2014 | 14153.31 USD Mn | 10672.44 USD Mn | 2559.9 USD Mn | 920.98 USD Mn |
| 2015 | 15053.99 USD Mn | 11339.48 USD Mn | 2755.51 USD Mn | 959 USD Mn |
| 2016 | 16008.2 USD Mn | 12044.4 USD Mn | 2965.4 USD Mn | 998.4 USD Mn |
| 2017 | 16915.3 USD Mn | 12711.5 USD Mn | 3171.1 USD Mn | 1032.8 USD Mn |
| 2018 | 17989.7 USD Mn | 13501.5 USD Mn | 3413 USD Mn | 1075.3 USD Mn |
| 2019 | 19273.2 USD Mn | 14445 USD Mn | 3700.4 USD Mn | 1127.8 USD Mn |
| 2020 | 20820.3 USD Mn | 15582.1 USD Mn | 4045.5 USD Mn | 1192.7 USD Mn |
| 2021 | 22703.3 USD Mn | 16965.7 USD Mn | 4464.4 USD Mn | 1273.2 USD Mn |
| 2022 | 25019.8 USD Mn | 18667.1 USD Mn | 4979 USD Mn | 1373.7 USD Mn |
| 2023 | 27902.8 USD Mn | 20783.6 USD Mn | 5619.4 USD Mn | 1499.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the largest market share in 2016 in the North America high-performance computing market, and is expected to reach USD 20783.60 Million in 2023 from USD 12044.40 Million in 2016. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 10.01% during the forecast period 2017 - 2023. on premise segment accounted for the larger market share in 2016, this market is expected to reach USD 16299.00 Million in 2023 from USD 10001.10 Million in 2016. This market is projected to grow at a CAGR of 7.65% during the forecast period from 2017 - 2023. However, cloud segment is the fastest growing market, which is expected to grow at a CAGR of 10.30% during the forecast period 2017 - 2023. bfsi segment accounted for the largest market share in 2016, this market is expected to reach USD 7276.80 Million in 2023 from USD 4076.50 Million in 2016. This market is projected to grow at a CAGR of 9.00% during the forecast period from 2017 - 2023.
However, it and telecommunication segment is the fastest growing market, which is expected to grow at a CAGR of 11.00% during the forecast period 2017 - 2023. server segment accounted for the largest market share in 2016, this market is expected to reach USD 10704.00 Million in 2023 from USD 6169.80 Million in 2016. This market is projected to grow at a CAGR of 8.61% during the forecast period from 2017 - 2023. However, networking devices segment is the fastest growing market, which is expected to grow at a CAGR of 10.62% during the forecast period 2017 - 2023.
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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