The Worldwide Open Banking Industry is Expected to Reach

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Dublin, Sept. 20, 2022 (GLOBE NEWSWIRE) — The “Open Banking Market Size, Share & Trend Analysis Report by Services, by Deployment, by Distribution Channel, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s providing.

The international open banking market dimension is anticipated to attain USD 135.17 billion by 2030, rising at a CAGR of 26.9% from 2022 to 2030, in accordance to this research carried out.

The international open banking market is increasing on account of favorable authorities laws, improved total buyer involvement made doable by open banking APIs, and a rise within the adoption of progressive purposes and companies. In addition, the relocation within the focus of retail banks towards consolidated technological enhancements additionally bodes properly with the market’s development.

Key trade gamers are aggressively investing in providing enhanced companies to their clients. For occasion, in June 2022, Mastercard introduced its newest open banking function, named Pay by hyperlink, by its banking pioneer in Europe, Aiia. This function is anticipated to get rid of pointless cost phases for corporations from any sector by growing an easy hyperlink that allows purchasers to pay instantaneously in any state of affairs. It is intently associated to Mastercard’s open banking agenda, which seeks to usher in a brand new period of selection, comfort, and personalization in a safe method.

Increased funding within the open banking house by distinguished gamers is anticipated to drive market development over the forecast interval. For occasion, Visa, Inc. bought Tink in June 2021 for USD 2.15 billion. The acquisition is anticipated to hasten the adoption of open banking in Europe by the availability of a dependable and safe platform for innovation. As a end result, customers have extra management over their funds, together with cash administration and monetary objectives.

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The outbreak of the COVID-19 pandemic is anticipated to play a significant function in driving the expansion of the open banking market over the forecast interval. Since the pandemic, the banking trade has been repeatedly evolving to enhance the client expertise and ease the method of banking for customers. In addition, the speedy adoption of digitalization is anticipated to create a constructive outlook for the market.

Open Banking Market Report Highlights

  • The banking & capital markets phase dominated the market in 2021. The altering funding wants of the brand new age inhabitants are anticipated to propel phase development. People are in search of extra versatile and worthy funding choices supplied by superior platforms.
  • The cloud phase is anticipated to witness the quickest development owing to the elevated adoption of cloud know-how throughout the banking sector.
  • The app markets phase dominated the market in 2021. The phase development might be attributed to the rising utilization of smartphones and purposes for quite a few functions, corresponding to cellular banking.
  • The Asia Pacific regional market is anticipated to witness the quickest development over the forecast interval. The rising technological consciousness in growing nations of the area is anticipated to play a decisive function in driving the expansion of the regional market.

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Open Banking Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Open banking market – Value Chain Analysis
3.4 Open banking market – Market Dynamics
3.4.1 Market driver evaluation
3.4.1.1 Integration of huge information analytics and AI
3.4.1.2 Adoption of digitalization
3.4.2 Market problem evaluation
3.4.2.1 Rising incidences of cyber crimes
3.5 Penetration and Growth Prospect Mapping
3.6 Open banking market – Porter’s Five Forces Analysis
3.7 Open banking market – PESTEL Analysis

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Chapter 4 Investment Landscape Analysis
4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised By Open Banking Providers

Chapter 5 Open Banking Services Outlook
5.1 Open banking market Share By Services, 2021
5.2 Banking & Capital Markets
5.2.1 Banking & capital markets open banking market, 2017 – 2030
5.3 Payments
5.3.1 Payments open banking market, 2017 – 2030
5.4 Digital Currencies
5.4.1 Digital currencies open banking market, 2017 – 2030
5.5 Value Added Services
5.5.1 Value added companies open banking market, 2017 – 2030

Chapter 6 Open Banking Deployment Outlook
6.1 Open banking market Share By Deployment, 2021
6.2 Cloud
6.2.1 Cloud open banking market, 2017 – 2030
6.3 On-premise
6.3.1 On-premise open banking market, 2017 – 2030

Chapter 7 Open Banking Distribution Channel Outlook
7.1 Open banking market Share By Distribution Channel, 2021
7.2 Bank Channels
7.2.1 Open banking marketplace for financial institution channels, 2017 – 2030
7.3 App Markets
7.3.1 Open banking marketplace for app markets, 2017 – 2030
7.4 Distributors
7.4.1 Open banking marketplace for distributors, 2017 – 2030
7.5 Aggregators
7.5.1 Open banking marketplace for aggregators, 2017 – 2030

Chapter 8 Open Banking Regional Outlook

Chapter 9 Competitive Analysis
9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Categorization
9.3 Vendor Landscape
9.3.1 Key firm market share evaluation, 2021
9.4 Company Analysis Tools
9.4.1 Company market place evaluation
9.4.2 Competitive dashboard evaluation

Chapter 10 Competitive Landscape
10.1 Banco Bilbao Vizcaya Argentaria, S.A.
10.1.1 Company overview
10.1.2 Financial efficiency
10.1.3 Product benchmarking
10.1.4 Strategic initiatives
10.2 Credit Agricole
10.2.1 Company overview
10.2.2 Financial efficiency
10.2.3 Product benchmarking
10.2.4 Strategic initiatives
10.3 DemystData, Ltd.
10.3.1 Company overview
10.3.2 Financial efficiency
10.3.3 Product benchmarking
10.3.4 Strategic initiatives
10.4 finleap join
10.4.1 Company overview
10.4.2 Financial efficiency
10.4.3 Product benchmarking
10.4.4 Strategic initiatives
10.5 Finastra
10.5.1 Company overview
10.5.2 Financial efficiency
10.5.3 Product benchmarking
10.5.4 Strategic initiatives
10.6 FormFree Holdings Corporation
10.6.1 Company overview
10.6.2 Financial efficiency
10.6.3 Product benchmarking
10.6.4 Strategic initiatives
10.7 Jack Henry & Associates, Inc
10.7.1 Company overview
10.7.2 Financial efficiency
10.7.3 Product benchmarking
10.7.4 Strategic initiatives
10.8 Mambu
10.8.1 Company overview
10.8.2 Financial efficiency
10.8.3 Product benchmarking
10.8.4 Strategic initiatives
10.9 MineralTree, Inc
10.9.1 Company overview
10.9.2 Financial efficiency
10.9.3 Product benchmarking
10.9.4 Strategic initiatives
10.10 NCR Corporation
10.10.1 Company overview
10.10.2 Financial efficiency
10.10.3 Product benchmarking
10.10.4 Strategic initiatives

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For extra details about this report go to https://www.researchandmarkets.com/r/bzugci

  • Global Open Banking Market

        



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