Report overview
Open banking APIs, or application program interfaces, facilitate open banking and enable financial institutions to share financial data with one another, typically through a third-party-developed application. Banking API providers such as emerging FinTech companies and collaborators create those third-party-developed applications to improve traditional banking systems and make the digital banking industry better for everyone.
This report aims to provide a comprehensive presentation of the global market for Open Banking API, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Open Banking API. This report contains market size and forecasts of Open Banking API in global, including the following market information:
Global Open Banking API Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Open Banking API market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Payment Initiation Sevice API Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Open Banking API include Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token and Tink, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Open Banking API companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Open Banking API Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Open Banking API Market Segment Percentages, by Type, 2022 (%)
Payment Initiation Sevice API
Account Information Service API
Others
Global Open Banking API Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Open Banking API Market Segment Percentages, by Application, 2022 (%)
Consumer
Enterprise
Financial Institution
Global Open Banking API Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Open Banking API Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Open Banking API revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Open Banking API revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Google
SAS
Mastercard
Salt Edge
Yodlee
TrueLayer
Plaid
Token
Tink
Bud Financial
Yapily
Klarna
Impress Solutions
Trovata
Basiq
Outline of Major Chapters:
Chapter 1: Introduces the definition of Open Banking API, market overview.
Chapter 2: Global Open Banking API market size in revenue.
Chapter 3: Detailed analysis of Open Banking API company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Open Banking API in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
