Pro
Technology & Electronics
Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | USD Million |
|---|---|
| 2018 | 88.89490167977607 USD Million |
| 2019 | 93.51205962369644 USD Million |
| 2020 | 97.66940987883032 USD Million |
| 2021 | 96.31430989284488 USD Million |
| 2022 | 107.67482730879654 USD Million |
| 2023 | 114.95613477707847 USD Million |
| 2024 | 129.44308705184852 USD Million |
| 2025 | 145.8826699232431 USD Million |
| 2026 | 168.40935746342427 USD Million |
| 2027 | 193.42099999999903 USD Million |
| 2028 | 221.54499309802424 USD Million |
| 2029 | 258.38697782539333 USD Million |
| 2030 | 299.8347350730019 USD Million |
| 2031 | 343.10522558261124 USD Million |
| 2032 | 388.3995750955143 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Turkey has seen significant growth in the use of facial recognition technology over the past few years. Facial recognition technology in Turkey has primarily been used in the transportation, government, and banking sectors. At present, the Turkish government is rolling out the country's biometric ID card and national system, which is the largest facial recognition system in Turkey. The system will provide Turkish citizens with a secure platform for storing, accessing, and sharing personal biometric data. The centralised national platform that serves as the backbone of the system has been designed in collaboration with Microsoft Azure. The national system integrates various components, including the capacity to detect and authenticate persons, a centralised repository of authorized personnel, and associated identities in the databases.In addition to the national biometric ID system, Turkey has also been using facial recognition technology for various government-related services such as e-visas, passports, elections, and civil identification documents. The government of Turkey has also integrated facial recognition technology into security and access solutions, in order to provide an effective and secure environment for public places such as schools, airports, and transportation hubs. Facial recognition technology is also being adopted in the banking sector of Turkey.
Banks in Turkey have implemented the technology in order to provide a quicker and more secure mechanism for customer identification. The technology is used in combination with biometric identification systems such as fingerprints, voice recognition, and retina scans in order to authenticate customers. This helps financial institutions authenticate transactions in a more secure manner, reducing fraud. Overall, facial recognition technology is becoming an increasingly important security tool for the Turkish government, as well as companies operating in the country. As the technology continues to improve, facial recognition technology is expected to become even more ubiquitous in the coming years. This in turn, will provide enormous opportunities for companies looking to enter the Turkish facial recognition market.
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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Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.