Press release
Global Open Banking Market Size, Share, Industry Trends, Region And Growth Forecast To 2031
Open Banking Market
The regions covered in the Open Banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The open banking market consists of sales of open banking services by entities (organizations, sole traders, and partnerships) that unites banks, third parties, and technology providers, allowing them to exchange data easily and securely for the benefit of their consumers. Open banking is a banking practice in which third-party financial service providers can use application programming interfaces (APIs) to gain access to consumer banking, transactions, and other data from banks and NBFCs. These APIs deliver a secure way to share financial information between two parties and makes it easier for consumers to compare the details of current accounts and other banking services.
Key competitors in the Open Banking market include Capital One, HSBC Bank plc, Banco Bilbao Vizcaya Argentaria S.A, NatWest Group plc, DBS Bank, Barclays, Lloyds Banking Group, Citigroup, Banco Santander S.A., and Credit Agricole.
The global open banking market size is expected to grow from $15.13 billion in 2021 to $19.14 billion in 2022 at a compound annual growth rate (CAGR) of 26.5%. The global open banking market size is then expected to grow to $48.13 billion in 2026 at a CAGR of 25.9%.
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TBRC's report segments the global Open Banking market:
1) By Service Type: Transactional Services, Communicative Services, Information Services
2) By Financial Services: Bank and Capital Markets, Payments, Digital Currencies, Value Added Services
3) By Deployment Type: Cloud, On-Premises, Hybrid
4) By Distribution Channel: Bank Channels, App Market, Distributors, Aggregators
Read further on the Open Banking market here:
https://www.thebusinessresearchcompany.com/report/open-banking-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Open Banking Market Characteristics
3. Open Banking Market Trends And Strategies
4. Impact Of COVID-19 On Open Banking Market
5. Open Banking Market Size And Growth
.....
27. Open Banking Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Open Banking Market
29. Open Banking Market Future Outlook And Potential Analysis
30. Appendix
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