Open Banking API Market in 2023 Future Trends Outlook 2023, and Forecast to 2030 | Google, SAS, Mastercard

Published August 23, 2023

The Open Banking API Market analysis will be helpful in understanding the end-user profile, the adoption rate of key segments among them, and other developmental patterns. The study looks more closely at the tactics and methods implemented by significant stakeholders and investors to accelerate the development of the product. In order to pinpoint the profitable market niches, the investigation focuses on the impending investment pockets across numerous areas.

The open banking API market is anticipated to increase at a CAGR of 23.2% between 2023 and 2030, reaching a value of USD 158.6 billion by that time. Through application programming interfaces (APIs), the open banking paradigm for financial services enables access to client data held by banks and other financial institutions by third-party financial service providers.

Regulatory requirements, technology improvements, and shifting consumer expectations are some of the causes that have led to the Open Banking API market’s emergence as a disruptive force in the financial industry. Banks have been forced to make their data and services available to outside companies by regulatory measures like Europe’s PSD2 and initiatives similar to it in other locations. As a result, Open Banking API platforms have proliferated, enabling the creation of cutting-edge financial services and products as well as safe data interchange. The potential advantages of Open Banking APIs are being recognized by financial organizations more and more. These APIs are being used by them to improve consumer experiences, optimize internal processes, and work with fintech startups to launch new products. Additionally, consumers are enjoying a greater range of services and have more control over their financial data.

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Top Key players operating the global Open Banking API Market: Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token, Tink, Bud Financial, Yapily, Klarna, Impress Solutions, Trovata, Basiq

By Type:

Payment Initiation Sevice API

Account Information Service API


By Application:



Financial Institution

Despite its optimistic expansion, there are a number of risks and challenges in the Open Banking API market. The privacy and security of data are among the main issues. There is a higher danger of data breaches and cyberattacks with expanded access to private financial information. The constantly changing nature of cyber threats continues to be a concern for regulators, who are watchful in making sure that effective security measures are in place. Additionally difficult are standardization and interoperability. Different financial institutions and third-party suppliers may employ various API standards and protocols as the industry expands. It is crucial for the industry to work toward similar standards since a lack of standardization might obstruct seamless data sharing and integration.

This Report Also Splits The Market By Region:

  1. North America: United States, Canada, and Mexico
  2. South & Central America: Argentina, Chile, Brazil and Others
  3. Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
  4. Europe: UK, France, Italy, Germany, Spain, Benelux, Russia, NORDIC Nations and Rest of Europe.
  5. Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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Market-Covid-19 Impact and Recovery Analysis:

The coronavirus pandemic has had an impact on the Open Banking API economy because governments all around the world have implemented lockdown measures to restrict human movement. Industrial operations and international travel were curtailed as a result of these lockdowns. Almost Open Banking API sectors felt a major impact from these actions. Labor shortages and supply chain problems also affected factories and manufacturing facilities.

The Global Open Banking API Market size report provides answers to the following key questions:

  1. Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry? What is economic impact on market?
  2. When is the recovery expected from the pandemic?
  3. Which segments offer high-growth opportunities in the long run?
  4. What are the key outcomes of the five forces analysis of the global market?
  5. What are sales, revenue, and price analysis by regions of this market?

Highlights of the Global Open Banking API Market Report:

  1. Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies.
  2. Development/Innovation: Detailed insights on the upcoming technologies, R and D activities, and product launches in the market.
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the industry.
  4. Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market.

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Table of Content

Chapter 1: Global Open Banking API Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Open Banking API Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Open Banking API Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Open Banking API Size Forecast (2023-2030).


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