The global demand for API Banking Market is presumed to reach the market size of nearly USD 160.34 BN by 2030 from USD 25.4 BN in 2022 with a CAGR of 25.9% under the study period 2023 - 2030.
API banking, also known as Open Banking or Banking-as-a-Service (BaaS), is a modern approach in the financial industry that allows banks and other financial institutions to share data and functionalities with third-party developers and businesses through application Programming Interfaces (APIs).
Regulatory mandates, such as PSD2 in Europe, compelled banks to share customer data through APIs with authorized third-party providers, accelerating API banking adoption. Digital transformation and customer expectations drove the need for seamless and personalized financial services, which API banking facilitates by enabling integration with fintech applications. The rise of fintech innovation and open ecosystems encouraged collaboration between traditional financial institutions and fintech startups, expanding the range of services available to customers. Its cost efficiency, scalability, and enhanced security appealed to banks seeking to stay competitive in a rapidly evolving industry. Additionally, it simplified global transactions and provided better data analytics for risk assessment and personalized financial recommendations. As API banking continues to transform the financial landscape, its role in shaping the future of the financial industry is expected to be crucial.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of api banking. The growth and trends of api banking industry provide a holistic approach to this study.
This section of the api banking market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Deployment
By Enterprise Size
This section covers the regional outlook, which accentuates current and future demand for the API Banking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the API Banking market include FidyPay, Infosys Limited, SAP SE, IBM Corporation, Razorpay, Google LLC, BankProv, Salesforce, Inc., Cloud Software Group, Inc., Oracle Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . API BANKING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Component
3.7.2 Market Attractiveness Analysis By Deployment
3.7.3 Market Attractiveness Analysis By Enterprise Size
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL API BANKING MARKET ANALYSIS BY COMPONENT
5.1 Overview by Component
5.2 Historical and Forecast Data
5.3 Analysis by Component
5.4 Solution Historic and Forecast Sales by Regions
5.5 Service Historic and Forecast Sales by Regions
6 . GLOBAL API BANKING MARKET ANALYSIS BY DEPLOYMENT
6.1 Overview by Deployment
6.2 Historical and Forecast Data
6.3 Analysis by Deployment
6.4 On-premise Historic and Forecast Sales by Regions
6.5 Cloud Historic and Forecast Sales by Regions
7 . GLOBAL API BANKING MARKET ANALYSIS BY ENTERPRISE SIZE
7.1 Overview by Enterprise Size