Open Banking Market to Reach US$ 67.8 Billion by 2028, CAGR of 20% | IMARC Group

According to IMARC Group's latest report, titled " 𝐎𝐩𝐞𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 2023-2028", the open banking market reached US$ 21.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.8 Billion by 2028, exhibiting a CAGR of 20% during 2023-2028.

Open banking represents packaging materials that are specifically designed to protect, store, and deliver food items manufactured for pets. Some of the common types include folding cartons, metal cans, pouches, bags, etc., that are mostly made of plastic, metal, paperboard, etc. These open banking products are used for wrapping or enclosing food items adequately to keep them fresh, clean, long-lasting, and free from contamination. They aid in preventing tampering, spillage, loss of vital nutrients, etc. Open banking solutions even ensure improved durability, cost-effectiveness, insulation, etc. Consequently, they are extensively utilized across the globe.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝐅𝗿𝗲𝗲 𝐒𝗮𝗺𝗽𝗹𝗲 𝐁𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/open-banking-market/requestsample

𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐩𝐞𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

The inflating need for more flexible and worthy investment options is primarily driving the open banking market. Additionally, the growing utilization of new-wave applications and services to attain personal details of accounts from several financial service providers is further catalyzing the market growth.

Besides this, the escalating demand for open banking across the value chain of the financial services industry, including businesses, consumers, fintech companies, banks, and financial institutions, to provide more customized and relevant product offerings to users is acting as another significant growth-inducing factor. Moreover, the rising integration of Big Data analytics with open banking to process, collect, and analyze structured and unstructured data is also positively influencing the global market. Apart from this, the increasing usage of Artificial Intelligence (AI) and the Internet of Things (IoT) to manage financial crime risk and control financial objectives and funds is anticipated to fuel the open banking market over the forecasted period.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=6327&method=1

𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐩𝐞𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 2023-2028 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The competitive landscape of the open banking market has been studied in the report with the detailed profiles of the key players operating in the market.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

Banco Bilbao Vizcaya Argentaria S.A., Clarity Group Inc., Credit Agricole (SAS Rue La Boétie), Finastra (Misys International Limited), Finleap connect, Jack Henry & Associates Inc, Mambu, NCR Corporation, Nordigen Solution, Revolut Ltd, Riskonnect Inc. and Societe Generale.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

The report has segmented the open banking market bases on services, deployment and distribution channel..

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬:

 Banking and Capital Markets
 Payments
 Digital Currencies
 Value Added Services

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭:

 Cloud-based
 On-premises

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

 Bank Channels
 App Markets
 Distributors
Aggregators

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/open-banking-market

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group
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