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Banking-as-a-Service Market is Projected to Value around USD 2,299 billion in 2026 growing at CAGR of 26.30% from 2021 till 2026

08-16-2021 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Market Insights

Banking-as-a-Service Market is Projected to Value around USD

In terms of revenue, the global Banking-as-a-Service Market is Projected to Value around USD 2,299 billion in 2026 growing at CAGR of 26.30% from 2021 till 2026. The Banking-as-a-Service Market stood at around USD 356.26 Billion in 2019

The Banking-as-a-Service Market Study report incorporates a thoroughly studied analysis of competitive scenario including key players & manufacturers and their profiles, market type, product and its definitions and description, revenue forecast, 26.30%, growth driving forces and its explanation, trend & opportunities and growth outlook, regional and segmental analysis. The report is built of data derived from proprietary sources, primary and secondary research methodologies and is checked and verified by our in-house team of experts.

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BaaS is a process when a bank provides seamless integration with its IT systems through open API, smart contracts, and distributed ledger technologies.

Bank as a Service allows any business to integrate all the financial instruments it needs into its business processes, completely customizing the bank for its purposes.

Regional Analysis

The regional analysis covered in this market study covers insights on distribution channel, marketing techniques, methodologies of prominent players which is further bifurcated on a country-wise basis and explains the reasons for the position of the market as well as the factors that will put the market in the projected state over the forecast period.

Furthermore, the report embodies analysis of each and every segment, its sub-categories, and explanation of the same. In addition, the report includes anticipation over the bifurcations of segments as to which part will have the highest growth and which category will hold the largest market share along with reasons for the same.

Europe region dominated the market in 2020 with a market share of more 26.00% and is anticipated to continue its dominance in the upcoming years. The European banking industry is witnessing losses and fluctuations in revenue over past few years. Lower interest rates and an increase in credit losses resulting in declining profit margins driven are some of the major factors. Leading countries

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Driving Factors

Rapid Digital transformation, rising presence of Innovative new players, and the presence of Application programming interfaces (APIs) are some of the key factors driving the growth of the BaaS market.

Restraints

high cost of adoption of this technology for the various banking entities.

Opportunity

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Key Players

BBVA

SolarisBank

BitFlyer

Fidor Bank

MatchMove

ClearBank

Starling Bank

Segmentations

Enterprise

Large Enterprise & SME's

End User

Banking-as-a-Service Market: Regional Analysis

North America
U.S.
Canada
Europe
UK
France
Germany
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Rest of MEA
Table of Contents for the Banking-as-a-Service Market market report:

Market Introduction
Key Players
Domains
Main
Sub Domain
Parent Market
Banking-as-a-Service Market Market Type
Product/Service Picture
Definition of Product/Service
Description of Product/Service Market
Revenue
Historic values
Forecast
CAGR
Drivers and their elaborations
Restraints and their elaborations
Opportunities with descriptive reasons
Regional Analysis for Banking-as-a-Service Market market
Leading region
Reasons behind lead
Market share of the leading region
Top Performing country
Banking-as-a-Service Market market segmental analysis
Segments and Categories
Leading Category
Reasons for performance
Explanation & Description
Research Methodology
Appendix

Direct Contact
Jessica Joyal
+91 8149193005 | +91-9284395731 | +91 9175986728
sales@themarketinsights.com
https://www.themarketinsights.com/blogs
https://www.linkedin.com/company/the-market-insights

The Market Insights is a sister company to SI Market research and The Market Insights is into reselling. The Market Insights is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between. At The Market Insights, we give our clients the best reports that can be made in the market. Our reports are not only about market statistics, but they also contain a lot of information about new and niche company profiles. The companies that feature in our reports are pre-eminent.

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