Banking-as-a-Service (BaaS) Market Next Big Thing | Major Giants PayPal, Coinbase, Oanda

Revenue for Banking-as-a-Service (BaaS) Market has grown substantially over the five years to 2019 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to keep momentum. Banking-as-a-Service (BaaS) Market estimates rely extensively on both the volume and value and due to slowdown price fluctuation in widening demand and supply gap.

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What is Global Banking-as-a-Service (BaaS)?
Banking-as-a-service (BaaS) is a process that is an endwise process where third parties such as (FinTech, developers, non-FinTech, etc.) can easily access and perform the financial services capabilities without any interference and developing them originally. These services also enable third parties to reconnect with the main systems of financial services providers so that they can establish a banking services infrastructure through an application programming interface (API). Moreover, it aims to integrate third parties’ capabilities with financial services providers into a comprehensive process to complete a financial transaction seamlessly and effectively. Furthermore, the service providers in this market third parties can build their own banking offerings with the use of BaaS APIs on top of the banking providers’ regulated infrastructure. For instance, In United Kingdom, API calls have surged over the last year, from roughly one million a month in May 2018 to more than 66.7 million in June this year and also keep on continuing and making the market grow in forecasted periods.

Market Trend:
The rising adoption of retail banking, as well as the third-party registrations in the UK and EU for open banking access, has unlocked capabilities towards baking as a service. For example, the retail lending in India has a growth rate (CAGR) of 16.2% over the FY2013 among emerging markets and thus improving the standard of BaaS from a different genre.

Market Drivers:
Cumulating Demand for Digital Money among People has Increased the Market Potential of the BaaS and Rising Fame of Internet Banking is making its way to Drive the Industry Parameters

Challenges:
High Initial Cost Required by the investors to Invest in BaaS and Conventionally, Banking Services have Remained within the Closed Confines of Banking Institutions this has Hindered the Reach and Democratization of Banking Services on a Social Scale

The Global Banking-as-a-Service (BaaS) Market segments and Market Data Break Down are illuminated below:
by Type (API-based Bank-as-a-Service, Cloud-based Bank-as-a-Service (Infrastructure as a service (IaaS), Banking as a platform (BaaP), FinTech SaaS, Humans as a service (HuaaS))), Application (Banking, Online Banks), Banking Platforms (Retail Banking, Corporate Banking, Investment Banking), Banking Mode (Online Banking, Mobile Banking), Service Type (Individual Banking, Business Banking, Digital Banking, Loans)
………….
Average industry growth 2015–2019: XX%
Average industry growth 2020-2025: YY%

Major & Emerging Players in Banking-as-a-Service (BaaS) Market
The companies holding the largest market share in the Banking-as-a-Service (BaaS) Market include SolarisBank (Germany), PayPal (United States), Fidor Bank (Germany), Moven (United States), Prosper Marketplace (United States), Braintree (United States), Coinbase (United States), GoCardless (United Kingdom), Oanda Corporation (United States), Currency Cloud (United Kingdom), Intuit (United States), Gemalto (The Netherlands) and Invoicera (India)
PayPal Market Share: XX%
Fidor Bank Market Share: XX%
SolarisBank Market Share: XX%
Moven Market Share: XX%

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Key Highlights of Report:
About Market
 Market Overview
 Product/Service Highlights
 Market Development Activity & Future Outlook
 Similar Industry [Substitute Product/Services Analysis]
Industry at a Glance
 Global Banking-as-a-Service (BaaS) Key Statistics
Market Size (2019): USD XX Million
Number of Businesses/Players: n-Numbers
Average Industry Profit Margin: XX%
………………
 Snapshot
 Executive Summary
Industry Performance
 External Drivers
 Current Scenario Outlook [Market Trends, Risk & Return Profile]
 Competitive Outlook
Dominating Players / Competitive Nature
Regulatory Factors
 Market /Product Life Cycle
Segmentation Analysis
 Market Size by Type (value & Volume) [2014-2025]
 Market Size by Application (value & Volume) [2014-2025]
 Market Size by …………. (Value & Volume) [2014-2025]

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Regional Analysis
 Demand Determinants
 Major & Emerging Countries & growth Outlook
 Market Size by Region
Cross Segmentation by Countries
North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, LATAM, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, BeNeLux, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, and Australia
Competitive Landscape
 Market Share Concentration [CR4, CR8, HHI Index]
 Success Factors
 PORTER 5-Forces Analysis
Company Analysis
 Market Share Analysis by Players
 Major Players
 Emerging Players by Growth
 Company Profiles
- Business Overview
- Key Financials
- Development Insights [Product launches, M&A, JVs etc]

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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