Open Banking Market
Open Banking Market - Global Industry Assessment & Forecast
#
Pages:
165
2022
Apr - 2022
VMR-1455
Segments Covered
By
Financial Services Banking & Capital Markets, Payments, Digital Currencies, Value Added Services
-
By
Distribution channel Bank Channel, App market, Distributors, Aggregators
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 12.39 Billion |
 Revenue 2030:
|
USD 68.75 Billion |
 Revenue CAGR
(2023 - 2030): |
23.88% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Open Banking Market by Financial Services by Distribution channel by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Open Banking market.
Vantage Market
Research | 11-Apr-2022
FAQ
Frequently Asked Question
What is the global demand for Open Banking in terms of revenue?
-
The global Open Banking valued at USD 12.39 Billion in 2022 and is expected to reach USD 68.75 Billion in 2030 growing at a CAGR of 23.88%.
Which are the prominent players in the market?
-
The prominent players in the market are RLDatix (Canada), Riskonnect Inc. (Georgia), Verge Health (US), Clarity Group Inc. (US), The Patient Safety Company (Netherlands), RiskQual Technologies (US), Quantros Inc. (US), Conduent Inc. (US), Prista Corporation (US), Smartgate Solutions Ltd. (UK)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 23.88% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Open Banking include
- Increase in the number of people using new wave apps and services
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Open Banking in 2022.
