Banking-as-a-Service Market Set to Reach $22.6 Billion by 2032 | Drivers and Opportunities with Impact Analysis - AMR

Banking-as-a-service is an end-to-end approach that facilitates FinTech companies and other third party organizations to connect with a bank's system employing APIs. This helps organizations to build innovative financial services upon the provider bank's regulated infrastructure while enabling open banking services. In addition to this, various industries such as e-commerce, travel, health, telecom, and retail are using banking-as-a-service platform to boost business sales.

According to the report published by Allied Market Research, the global banking-as-a-service market generated $2.41 billion in 2020, and is predicted to reach $11.34 billion by 2030, with a CAGR of 17.1% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕- https://www.alliedmarketresearch.com/request-sample/14627

Rise in the use of digital transformation technology in bank, need to streamline the financial services, and demand for improved fund transaction services drive the global bank as a service market growth. On the other hand, rise in cyber-attack on personal banking information hinder the growth of the market. On the contrary, surge in demand for banking-as-a-service infrastructure to increase the business value and integration of AI in banking-as-a-service platform will create opportunities for the market.

COVID-19 Scenario:

During the pandemic, people increasingly adopted e-commerce platform solutions which cause an increase in online payment technology.
Since the pandemic, financial institutes have shown great interest in banking-as-a-service platform to improve business processes and offer secure contactless payments.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐘𝐨𝐮𝐫 𝐄𝐯𝐞𝐫𝐲 𝐃𝐨𝐮𝐛𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/14627

The report segments the global banking-as-a-service market on the basis of type, component, enterprise size, end-user, and region.

Based on component, the platform segment accounted for the largest market share in 2020, contributing to more than two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the services segment is estimated to witness the fastest CAGR of 19.5% from 2021 to 2030. The report also covers the onshore segment.

Based on service type, the professional services segment contributed to the highest market share in 2020, attributing to nearly three-fifths of the total market share, and is anticipated to dominate the market during the forecast period. On the other hand, the managed services solution segment is expected to manifest the fastest CAGR of 21.9% from 2021 to2030.

𝑰𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒔𝒑𝒆𝒄𝒊𝒂𝒍 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔, 𝒑𝒍𝒆𝒂𝒔𝒆 𝒍𝒆𝒕 𝒖𝒔 𝒌𝒏𝒐𝒘: https://www.alliedmarketresearch.com/request-for-customization/14627?reqfor=covid

Based on region, Europe, followed by North America, contributed to the highest share in 2020, holding more than one-third of the total share, and is anticipated to maintain dominance throughout the forecast period. The global banking-as-a-service market across Asia-Pacific is anticipated to exhibit the fastest CAGR of 20.2% during the forecast period.

Key players of the global banking-as-a-service market analyzed in the research include BBVA, Bankable, ClearBank, MatchMove Pay Pte. Ltd, Green Dot., Pi1, Starling Bank, SolarisBank, Square Inc., and Treasury Prime

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𝐎𝐭𝐡𝐞𝐫 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝗕𝗙𝗦𝗜 𝐃𝐨𝐦𝐚𝐢𝐧 -

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