Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Consumer Electronics | Aerospace & Defense | Healthcare | Commercial | Industrial | Others |
|---|---|---|---|---|---|---|
| 2016 | 0.28 USD Bn | 0.21 USD Bn | 0.19 USD Bn | 0.16 USD Bn | 0.09 USD Bn | 0.08 USD Bn |
| 2017 | 0.39 USD Bn | 0.3 USD Bn | 0.26 USD Bn | 0.22 USD Bn | 0.13 USD Bn | 0.1 USD Bn |
| 2018 | 0.56 USD Bn | 0.42 USD Bn | 0.37 USD Bn | 0.3 USD Bn | 0.18 USD Bn | 0.14 USD Bn |
| 2019 | 0.78 USD Bn | 0.58 USD Bn | 0.52 USD Bn | 0.42 USD Bn | 0.24 USD Bn | 0.2 USD Bn |
| 2020 | 1.11 USD Bn | 0.82 USD Bn | 0.74 USD Bn | 0.58 USD Bn | 0.34 USD Bn | 0.27 USD Bn |
| 2021 | 1.57 USD Bn | 1.15 USD Bn | 1.06 USD Bn | 0.81 USD Bn | 0.47 USD Bn | 0.37 USD Bn |
| 2022 | 2.23 USD Bn | 1.63 USD Bn | 1.51 USD Bn | 1.13 USD Bn | 0.66 USD Bn | 0.51 USD Bn |
| 2023 | 3.14 USD Bn | 2.28 USD Bn | 2.13 USD Bn | 1.57 USD Bn | 0.91 USD Bn | 0.7 USD Bn |
| 2024 | 4.31 USD Bn | 3.11 USD Bn | 2.94 USD Bn | 2.12 USD Bn | 1.22 USD Bn | 0.94 USD Bn |
| 2025 | 5.76 USD Bn | 4.13 USD Bn | 3.94 USD Bn | 2.79 USD Bn | 1.6 USD Bn | 1.23 USD Bn |
| 2026 | 7.51 USD Bn | 5.36 USD Bn | 5.17 USD Bn | 3.6 USD Bn | 2.05 USD Bn | 1.56 USD Bn |
| 2027 | 9.58 USD Bn | 6.81 USD Bn | 6.63 USD Bn | 4.53 USD Bn | 2.58 USD Bn | 1.94 USD Bn |
Data Source: Wantstats Repository
Growth Outlook
- The 2027] North America by Vertical portion of the Global Virtual Reality market [2016 market is on a steady long-term growth path. Segment value stands at roughly USD 25 Bn in 2026 and is projected to reach USD 32 Bn by 2027 — a gain of about 27% over the forecast period, translating to a CAGR in the double digits.
- consumer electronics segment accounted for the largest market share in 2017, this market is expected to reach USD 9. 58 Billion in 2027 from USD 0.
- What the regional split looks like (2026): Consumer Electronics leads, holding roughly 30% of segment value — the single largest regional share. Aerospace & Defense is the second-largest contributor. Healthcare, Commercial, Industrial and Others make up the remainder, in descending order.
- By 2027, Consumer Electronics alone is expected to reach USD 10 Bn, with Aerospace & Defense at USD 7 Bn.
Market Dynamics
consumer electronics segment accounted for the largest market share in 2017, this market is expected to reach USD 9.58 Billion in 2027 from USD 0.39 Billion in 2017. This market is projected to grow at a CAGR of 37.09% during the forecast period from 2018 - 2027. However, healthcare segment is the fastest growing market, which is expected to grow at a CAGR of 37.80% during the forecast period 2018 - 2027.
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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