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Middle East & Africa Core Banking Solutions Market to 2032

Overview

The Middle East & Africa Core Banking Solutions Market is expected to reach a 2.78 USD Billion by 2032 and is projected to grow at a CAGR of 9.02% from 2025 to 2032.

Revenue, 2024 (USD Billion)
1.61
Forecast, 2032 (USD Billion)
2.78
CAGR, 2024 - 2032
9.02%
Report Coverage
Middle East & Africa

Middle East & Africa Core Banking Solutions Market 2018-2032 USD Billion

Middle East & Africa Core Banking Solutions Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 1.61 USD Billion
  • Projected Market Size (2032): 2.78 USD Billion
  • CAGR (2025-2032): 9.02%

Key Findings of Middle East & Africa Core Banking Solutions Market

  • The Middle East & Africa Core Banking Solutions Market was valued at 1.61 USD Billion in 2024.
  • The Middle East & Africa Core Banking Solutions Market is likely to grow at a CAGR of 9.02% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment Banks in End User Segment accounted for the largest share of the market with a revenue of 1.84 USD Billion
  • The fastest growing segment Customer Relationship Management in Function Segment grew Fastest with a CAGR of 10.47% during the forecast period from 2024 to 2032.

Middle East & Africa Core Banking Solutions Market Scope

Middle East & Africa Core Banking Solutions Market Segmentation & Scope
Offering
  • Services
  • Software
Deployment Model
  • Cloud
  • On Premises
Type
  • Others
  • Deposits
  • Loans
  • Mortgages
  • Transfer
  • Currency Exchange
  • Payments and Withdrawal
  • Enterprise Customer Solutions
Enterprise Size
  • Small and Medium Enterprises (SMES)
  • Large Enterprises
Function
  • Risk Management
  • Loan Management
  • Account Management
  • Transaction Processing
  • Customer Relationship Management
  • Product Management
  • Compliance Management
  • Others
  • Reporting and Analytics
Channel
  • Others
  • Bank Branches
  • ATMs
  • Internet Banking
  • Mobile Banking
End User
  • Credit Unions and Community Banks
  • Banks
  • Other Financial Institutions

Middle East & Africa Core Banking Solutions Market Data Coverage Insights

Study Period 2024-2032
Base Year 2022
Unit Revenue in USD Billion
Market Value in 2024 1.61 USD Billion
Market Value in 2032 2.78 USD Billion
CAGR (2025-2032) 9.02%
Historic Data 2016-2023
Market Segments Covered Offering,Deployment Model,Type,Enterprise Size,Function,Channel,End User

Regional Insights:

  • Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 1.61 USD Billion in 2024
    • Key Country: South Africa, leading in terms of revenue with value of 351.82 USD Million in 2024.

Segments and Scope

  • Middle East & Africa Core Banking Solutions Market to 2032, By Offering
    • Software is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 1.05 USD Billion in the year 2024.
    • Software is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 9.31 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By Deployment Model
    • Cloud is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 1.08 USD Billion in the year 2024.
    • Cloud is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 9.17 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By Type
    • Enterprise Customer Solutions is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 437.81 USD Billion in the year 2024.
    • Enterprise Customer Solutions is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 10.44 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By Enterprise Size
    • Large Enterprises is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 1.02 USD Billion in the year 2024.
    • Large Enterprises is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 9.21 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By Function
    • Customer Relationship Management is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 482.27 USD Billion in the year 2024.
    • Customer Relationship Management is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 10.47 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By Channel
    • Internet Banking is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 707.95 USD Billion in the year 2024.
    • Internet Banking is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 9.62 % in forecast period 2025-2032.
  • Middle East & Africa Core Banking Solutions Market to 2032, By End User
    • Banks is the largest segment in Middle East & Africa Core Banking Solutions Market to 2032 with a revenue of 1.84 USD Billion in the year 2024.
    • Banks is the Fastest growing segment in Middle East & Africa Core Banking Solutions Market to 2032 with a Growth rate of 9.28 % in forecast period 2025-2032.

Middle East & Africa Core Banking Solutions Market Company Share Analysis

 
Company Name Company Share Analysis
Oracle
IBM Corporation
Fiserv, Inc. or its affiliates
Finastra
TATA Consultancy Services Limited
Middle East & Africa Core Banking Solutions Market Company Share Analysis

Middle East & Africa Core Banking Solutions Market Geographical Sales Distribution, 2018-2032 USD Billion

Middle East & Africa Core Banking Solutions Market Geographical Sales Distribution, 2018-2032 USD Billion

Middle East & Africa Core Banking Solutions Market Company Profiling

Middle East & Africa Core Banking Solutions Market Company Profiling

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Frequently Asked Questions
The Middle East & Africa Core Banking Solutions Market is segmented based on Segmentation Offering,Deployment Model,Type,Enterprise Size,Function,Channel,End User.
Middle East & Africa Core Banking Solutions Market was valued at USD 1.61(Revenue in USD Billion) in 2022.
Middle East & Africa Core Banking Solutions Market is projected to grow at a CAGR of 9.02% during the forecast period of 2024 to 2032.
The Banks segment is expected to dominate the Middle East & Africa Core Banking Solutions Market, holding a largest market share of 1.84 USD Billion in 2024

Middle East & Africa Core Banking Solutions Market Scope

Middle East & Africa Core Banking Solutions Market Segmentation & Scope
Offering
  • Services
  • Software
Deployment Model
  • Cloud
  • On Premises
Type
  • Others
  • Deposits
  • Loans
  • Mortgages
  • Transfer
  • Currency Exchange
  • Payments and Withdrawal
  • Enterprise Customer Solutions
Enterprise Size
  • Small and Medium Enterprises (SMES)
  • Large Enterprises
Function
  • Risk Management
  • Loan Management
  • Account Management
  • Transaction Processing
  • Customer Relationship Management
  • Product Management
  • Compliance Management
  • Others
  • Reporting and Analytics
Channel
  • Others
  • Bank Branches
  • ATMs
  • Internet Banking
  • Mobile Banking
End User
  • Credit Unions and Community Banks
  • Banks
  • Other Financial Institutions
Frequently Asked Questions
The Middle East & Africa Core Banking Solutions Market is segmented based on Segmentation Offering,Deployment Model,Type,Enterprise Size,Function,Channel,End User.
Middle East & Africa Core Banking Solutions Market was valued at USD 1.61(Revenue in USD Billion) in 2022.
Middle East & Africa Core Banking Solutions Market is projected to grow at a CAGR of 9.02% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Core Banking Solutions Market for final year is USD 2.78 (USD Billion).

Middle East & Africa Core Banking Solutions Market Company Profiling

Middle East & Africa Core Banking Solutions Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Core Banking Solutions Market is segmented based on Segmentation Offering,Deployment Model,Type,Enterprise Size,Function,Channel,End User.
Middle East & Africa Core Banking Solutions Market was valued at USD 1.61(Revenue in USD Billion) in 2022.
Middle East & Africa Core Banking Solutions Market is projected to grow at a CAGR of 9.02% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Core Banking Solutions Market for final year is USD 2.78 (USD Billion).

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