Global Open Banking Market Expanding at a CAGR of 25.47% during 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled «Global Open Banking Market«, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Global Open Banking Market: 2024-2030

The Global Open Banking Market size was valued at around USD 22.31 billion in 2023 and is estimated to grow at a CAGR of about 25.47% during the forecast period, i.e., 2024-30.

Download the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this Report — https://www.marknteladvisors.com/query/request-sample/open-banking-market.html

Global Open Banking Market Driver:

Surging Government Support to Augment the Market Growth – In an era of globalization, governments worldwide recognize the significance of fostering connections between their financial institutions & consumers and their international counterparts. This has led countries like the UK, Mexico, and the US to actively endorse the adoption of open banking services, simplifying cross-border financial transactions & enriching global trade relationships. Moreover, over the past decade, North American and European nations have taken a proactive stance in democratizing access to financial products & services.

Notably, the European Banking Authority introduced the Payment Services Directive Two (PSD2) in 2015, formally inaugurating the era of open banking. Subsequently, the UK’s Competition and Markets Authority (CMA) issued progressive guidelines mandating banks to embrace open banking practices by 2018. These regulatory mandates compel banks to open up their closely held financial data to third-party providers, an initiative that has encouraged a growing number of entities to participate, further driving the Global Open Banking Market.

Global Open Banking Market Segmentation:

The Global Open Banking Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Service

-Retail Banking

-Aggregation & Financial Management — Market Size & Forecast 2019-2030F, USD Million

-Credit Risk Decisioning- Market Size & Forecast 2019-2030F, USD Million

-Payments- Market Size & Forecast 2019-2030F, USD Million

-Origination & Onboarding- Market Size & Forecast 2019-2030F, USD Million

-Others

Corporate Banking

-Corporate Treasury- Market Size & Forecast 2019-2030F, USD Million

-Financial Management- Market Size & Forecast 2019-2030F, USD Million

-Credit Decisioning- Market Size & Forecast 2019-2030F, USD Million

-Payments- Market Size & Forecast 2019-2030F, USD Million

-Value Added Services- Market Size & Forecast 2019-2030F, USD Million

-Others

-Capital Markets

-Others

By Distribution Channel

-Bank Channel- Market Size & Forecast 2019-2030F, USD Million

-App Market- Market Size & Forecast 2019-2030F, USD Million

-Distributors- Market Size & Forecast 2019-2030F, USD Million

-Aggregators- Market Size & Forecast 2019-2030F, USD Million

By Deployment

-On-premise- Market Size & Forecast 2019-2030F, USD Million

-Cloud- Market Size & Forecast 2019-2030F, USD Million

-Hybrid- Market Size & Forecast 2019-2030F, USD Million.

Geographical Analysis into the Global Open Banking Market:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/open-banking-market.html

Competitive Landscape and Global Open Banking Market Share Analysis:

The competitive landscape of the Global Open Banking Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

Finleap, Revolut Ltd., Tink AB, Salesforce Inc., Worldline S.A., Tata Consultancy Services Limited, Capgemini, Oracle, Finicity (Mastercard), Jack Henry & Associates, Inc., Finastra, Global Payments, Virtusa Corp, Plaid Inc, etc.,

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Global Open Banking Market growth?
• How is the Global Open Banking Market expected to grow over the next five years?
• What are the key insights into the current trends in the Global Open Banking Market?
• What is the current size of the Global Open Banking Market, and how is it projected to change in the future?
• What is the future outlook for the Global Open Banking Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Contact Us –

Call: ???? +1 628 895 8081 +91 120 4278433

Email: ???? sales@marknteladvisors.com

Visit to know more: ???? https://www.marknteladvisors.com