Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | USD Billion |
|---|---|
| 2018 | 6.449368862843186 USD Billion |
| 2019 | 6.85770397774335 USD Billion |
| 2020 | 7.207493793871123 USD Billion |
| 2021 | 7.6360344399068 USD Billion |
| 2022 | 8.163633585582017 USD Billion |
| 2023 | 8.635283586742505 USD Billion |
| 2024 | 9.16441336939265 USD Billion |
| 2025 | 9.72322128516631 USD Billion |
| 2026 | 10.329721793705868 USD Billion |
| 2027 | 10.992654129807594 USD Billion |
| 2028 | 11.595734206854807 USD Billion |
| 2029 | 12.27681608924541 USD Billion |
| 2030 | 13.01131457219655 USD Billion |
| 2031 | 13.71222124597564 USD Billion |
| 2032 | 14.166252615499213 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
The United Kingdom is the world's second-largest gaming market, and therefore, its consumer demand outlook is crucial for the global gaming industry. With technological advancements and increased consumer access to high-end platforms and devices, the UK gaming market is expected to witness a steady growth in the years to come.As of 2018, the United Kingdom accounted for nearly 20% of the global gaming market, with its UK gaming revenue growing by 9.2% Y-o-Y. This growth is expected to be driven by the release of innovative gaming products, services and technologies that are enabled by the ongoing adoption of 5G networks. Additionally, with the ongoing trade wars between the US and China, the UK is expected to see a surge in the demand for gaming products over the next few years. In terms of hardware, consoles are expected to remain popular as they enable gamers to access the highest quality gaming experiences. Mobile gaming is also expected to grow rapidly, owing to the increasing number of connected devices coupled with improved network infrastructure in the UK.
Furthermore, augmented reality (AR) and virtual reality (VR) gaming are expected to be the next wave of gaming technology, and as such, is also projected to see a surge in gaming demand in the UK.Furthermore, with the rise of esports, the demand for gaming-related software and services is also expected to increase in the upcoming years. As more people engage with gaming, tournaments and streaming services are expected to become increasingly popular. Moreover, the rising demand for streaming services will also lead to an increased breath of content and services available to UK gamers.Overall, the gaming market outlook for the UK is positive for the near future, as the country's gaming market is expected to continue its steady growth rate over the next decade. With technological advancements, increased access to high-end platforms and devices, and the rising popularity of esports, the UK gaming market is poised for significant growth in the years to come.
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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