Middle East & Africa Core Banking Software Market Size & Outlook
Middle East & Africa core banking software market, 2017-2030 (US$M)
Related Markets
MEA core banking software market highlights
- The MEA core banking software market generated a revenue of USD 1,095.6 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,095.6 million |
| Market revenue in 2030 | USD 2,175.3 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
| Key market players worldwide | Capgemini SE, Fidelity National Financial Inc, Fiserv Inc, HCL Technologies, Infosys Ltd ADR, Jack Henry & Associates Inc, Oracle Corp, Temenos AG, Unisys Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.5% of the global core banking software market in 2023.
- Globally, Asia Pacific 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 5,928.6 million by 2030.
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Core Banking Software Market Scope
Core Banking Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa core banking software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to core banking software market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.19% in 2023. Horizon Databook has segmented the Middle East & Africa core banking software market based on solution, service covering the revenue growth of each sub-segment from 2017 to 2030.
- Middle East & Africa Core Banking Software Component Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Deposits
- Loans
- Enterprise Customer Solutions
- Others
- Service
- Professional Service
- Managed Service
- Solution
- Middle East & Africa Core Banking Software Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-premise
- Middle East & Africa Core Banking Software End Use Outlook (Revenue, USD Million, 2017-2030)
- Banks
- Financial Institutions
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa core banking software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa core banking software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Core Banking Software Market Outlook Share, 2023 & 2030 (US$M)
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