Press release
2023 Open Banking Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Capital One, HSBC Bank plc, Banco Bilbao Vizcaya Argentaria S.A, NatWest Group plc, DBS Bank
Open Banking Global Market
Open Banking Market Size, Growth Rate, And Forecast
The global open banking market size grew from $19.24 billion in 2022 to $24.26 billion in 2023 at a compound annual growth rate (CAGR) of 26.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The open banking market size is expected to grow to $62.37 billion in 2027 at a CAGR of 26.6%.
Request A Free Sample Of The Open Banking Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6048&type=smp
Open Banking Market Drivers
The surge in the use of online platforms for making payments is contributing to the growth of the open banking market. The digital payment system is rapidly expanding with developing payment methods, increased e-commerce use, improved broadband access, and the advent of new technologies. Payment gateway APIs are used by online platforms such as phone pay, Paytm, and Google Pay to manage recurring billing, and these APIs are often used in open banking.
Learn More On The Open Banking Market Report Here:
https://www.thebusinessresearchcompany.com/report/open-banking-global-market-report
Open Banking Market Segments
• By Service Type: Transactional Services, Communicative Services, Information Services
• By Financial Services: Bank And Capital Markets, Payments, Digital Currencies, Value Added Services
• By Deployment Type: Cloud, On-Premises, Hybrid
• By Distribution Channel: Bank Channels, App Market, Distributors, Aggregators
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Open Banking market.
Check Out Buying Options For The Open Banking Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6048
Open Banking Market Key Players
Major 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., Credit Agricole, NCR Corporation, DemystData, Figo GmbH
The Business Research Company's "Global Open Banking Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Open Banking Market Include:
1. Executive Summary
2. Open Banking market Characteristics
3. Open Banking market Trends And Strategies
4. Open Banking market - Macro Economic Scenario
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
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 2023 Open Banking Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Capital One, HSBC Bank plc, Banco Bilbao Vizcaya Argentaria S.A, NatWest Group plc, DBS Bank here
News-ID: 3061529 • Views: …
More Releases from The Business research company
Natural & Breathable Dog Beds Drive Innovation in the Sustainable Pet Beds Marke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Sustainable Pet Beds Industry Market Size Be by 2025?
The sustainable pet beds market has experienced strong growth in recent years. It will expand from $2.34 billion in 2024 to $2.5 billion in 2025, reflecting a CAGR of 6.8%.
What's the Long-Term Growth Forecast for the Sustainable…
Driving Smart Polymers Market Growth in 2025: The Role of The Impact Of Automoti …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Polymers Market Size Growth Forecast: What to Expect by 2025?
The smart polymers market has witnessed rapid growth in recent years. It is projected to move from $5.41 billion in 2024 to $6.1 billion in 2025, recording a CAGR of 12.7%.
How Will the Smart Polymers Market Size Evolve…
Top Market Shifts Transforming the Rainwear Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwear Market Through 2025?
The rainwear market has seen strong growth in recent years. It is forecast to increase from $3.47 billion in 2024 to $3.67 billion in 2025, at a CAGR of 5.7%. Growth historically was influenced by more frequent heavy…
Plant-Based Food Packaging Market Landscape to 2034: Key Forces Shaping the Next …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Plant-Based Food Packaging Market Size By 2025?
The plant-based food packaging market has grown rapidly in recent years. It is projected to rise from $6.39 billion in 2024 to $7.2 billion in 2025 at a CAGR of 12.6%. Historic growth was fueled by rising environmental…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…
