Press release
Global Open Banking Market 2022: Growth, Size, Share, Trends Analysis And Forecast To 2031
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 expected to grow to $48.13 billion in 2026 at a CAGR of 25.9%.The Business Research Company offers the Open Banking Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
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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.
Some key open banking market players are 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., Credit Agricole, NCR Corporation, DemystData, Figo GmbH, Finastra, Jack Henry & Associates Inc., and MineralTree Inc
The countries covered in the global open banking market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global open banking market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Open banking market Segmentation:
By Service Type
1.Transactional Services
2.Communicative Services
3.Information Services
By Financial Services
1.Bank and Capital Markets
2.Payments
3.Digital Currencies
4.Value Added Services
By Deployment Type
1.Cloud
2.On-Premises
3.Hybrid
By Distribution Channel
1.Bank Channels
2.App Market
3.Distributors
4.Aggregators
See more on the report at https://www.thebusinessresearchcompany.com/report/open-banking-global-market-report
The Report's 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
5. Open Banking Market Size And Growth
.......
26. Africa Open Banking Market
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
This report covers the trends and market dynamics of the open banking market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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