Middle East & Africa Banking Encryption Software Market Size & Outlook
The banking encryption software market in Middle East & Africa is expected to reach a projected revenue of US$ 416.7 million by 2030. A compound annual growth rate of 14.5% is expected of Middle East & Africa banking encryption software market from 2025 to 2030.
Revenue, 2024 (US$M)
$187.5
Forecast, 2030 (US$M)
$416.7
CAGR, 2025 - 2030
14.5%
Report Coverage
Middle East & Africa
Middle East & Africa banking encryption software market, 2018-2030 (US$M)
Related Markets
MEA banking encryption software market highlights
- The MEA banking encryption software market generated a revenue of USD 187.5 million in 2024.
- The market is expected to grow at a CAGR of 14.5% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 187.5 million |
| Market revenue in 2030 | USD 416.7 million |
| Growth rate | 14.5% (CAGR from 2025 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Service |
| Key market players worldwide | Broadcom Inc, ESET, International Business Machines Corp, Intel Corp, McAfee, Microsoft Corp, Sophos, Thales Group, Trend Micro Inc, WinMagic |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.0% of the global banking encryption software market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,401.7 million by 2030.
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Banking Encryption Software Market Scope
Banking encryption software market segmentation & scope
Banking Encryption Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA banking encryption software market size, by country, 2018-2030 (US$M)
Middle East & Africa Banking Encryption Software Market Outlook Share, 2024 & 2030 (US$M)
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