Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | Europe | Germany | France | United Kingdom | Rest of Europe |
|---|---|---|---|---|---|
| 2017 | 794.1121212 USD Mn | 210.8146456 USD Mn | 110.2132132 USD Mn | 186.5421312 USD Mn | 286.5421312 USD Mn |
| 2018 | 823.9274213 USD Mn | 220.8558723 USD Mn | 114.5984363 USD Mn | 192.9873942 USD Mn | 295.4857186 USD Mn |
| 2019 | 854.9445432 USD Mn | 231.3622917 USD Mn | 119.1696008 USD Mn | 199.6746478 USD Mn | 304.7380029 USD Mn |
| 2020 | 887.5567909 USD Mn | 242.4482785 USD Mn | 123.9826873 USD Mn | 206.6934603 USD Mn | 314.4323648 USD Mn |
| 2021 | 922.3006044 USD Mn | 254.2712109 USD Mn | 129.1141499 USD Mn | 214.1656864 USD Mn | 324.7495573 USD Mn |
| 2022 | 959.8801613 USD Mn | 267.0399965 USD Mn | 134.664579 USD Mn | 222.2507078 USD Mn | 335.924878 USD Mn |
| 2023 | 1001.198639 USD Mn | 281.0257793 USD Mn | 140.7633415 USD Mn | 231.1521254 USD Mn | 348.2573924 USD Mn |
| 2024 | 1047.399404 USD Mn | 296.5758449 USD Mn | 147.5746744 USD Mn | 241.1266276 USD Mn | 362.1222575 USD Mn |
| 2025 | 1099.921723 USD Mn | 314.1321769 USD Mn | 155.3058964 USD Mn | 252.4960484 USD Mn | 377.9876013 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Rest of Europe accounted for the largest market share in 2018 in the Europe level transmitter market, and is expected to reach USD 377.99 Million in 2025 from USD 295.49 Million in 2018. However, Germany is the fastest growing market, which is expected to grow at a CAGR of 5.23% during the forecast period 2019 - 2025. capacitance level transmitter segment accounted for the largest market share in 2018, this market is expected to reach USD 189.70 Million in 2025 from USD 149.58 Million in 2018. This market is projected to grow at a CAGR of 3.53% during the forecast period from 2019 - 2025. However, ultrasonic level transmitter segment is the fastest growing market, which is expected to grow at a CAGR of 5.27% during the forecast period 2019 - 2025. contact segment accounted for the larger market share in 2018, this market is expected to reach USD 700.05 Million in 2025 from USD 540.22 Million in 2018. This market is projected to grow at a CAGR of 3.84% during the forecast period from 2019 - 2025.
However, non contact segment is the fastest growing market, which is expected to grow at a CAGR of 5.10% during the forecast period 2019 - 2025. oil and gas segment accounted for the largest market share in 2018, this market is expected to reach USD 344.44 Million in 2025 from USD 257.82 Million in 2018. This market is projected to grow at a CAGR of 4.29% during the forecast period from 2019 - 2025. However, power generation segment is the fastest growing market, which is expected to grow at a CAGR of 4.49% during the forecast period 2019 - 2025.
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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