Open Banking API Market size was valued at USD $7.29 Billion in 2024 and is projected to reach USD $43.15 Billion by 2033, exhibiting a CAGR of 24.15% from 2026 to 2033.
The global Open Banking API market was valued at USD 13.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.3% from 2023 to 2030. This growth is driven by the increasing adoption of digital banking services and the expanding demand for innovative financial solutions. The rapid advancements in open banking technologies and the push towards regulatory frameworks promoting financial data sharing have catalyzed market expansion. Additionally, the rising trend of mobile banking and the surge in consumer demand for personalized financial services further propel the markets growth trajectory.
Regionally, North America held the largest market share in 2022, accounting for approximately 35% of the global market, with a market value of USD 4.9 billion. The region benefits from a robust fintech ecosystem and favorable regulatory environments, contributing to its market dominance. Europe is expected to see significant growth over the forecast period, with a CAGR of 26.5%, driven by the EUs PSD2 regulations and increasing financial inclusion efforts. The Asia Pacific region, with its rapidly growing digital economy, is anticipated to experience the highest growth rate, reaching a market value of USD 5.7 billion by 2030. As open banking adoption intensifies across emerging markets, the region presents significant growth opportunities for key stakeholders in the market.
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SAS
Mastercard
Salt Edge
Yodlee
TrueLayer
Plaid
Token
Tink
Bud Financial
Yapily
Klarna
Impress Solutions
Trovata
Basiq
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Open Banking API Market
Public APIs
Private APIs
Partner APIs
Financial Services
Retail Sector
Fintech
Cloud
On-Premises
Middle Layer Integration
RESTful APIs
GraphQL APIs
SOAP APIs
Individual Consumers
Businesses
Third-Party Developers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Open Banking API Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Open Banking API Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Open Banking API Market, By Type
6. Global Open Banking API Market, By Application
7. Global Open Banking API Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Open Banking API Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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