Global Open Banking API Market Insights, Forecast to 2028
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.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Open Banking API estimated at US$ million in the year 2022, is projected to reach a revised size of US$ million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
The USA market for Open Banking API is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The China market for Open Banking API is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The Europe market for Open Banking API is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The global key companies of Open Banking API include Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token and Tink, etc. In 2021, the global top five players had a share approximately % in terms of revenue.
Report Scope
This latest report researches the industry structure, revenue and gross margin. Major players’ headquarters, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Open Banking API companies, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases.
This report also includes a discussion of the major players across each regional Open Banking API market. Further, it explains the major drivers and regional dynamics of the global Open Banking API market and current trends within the industry.
Key Companies Covered
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable revenue, market share and rank data of the companies for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:
- SAS
- Mastercard
- Salt Edge
- Yodlee
- TrueLayer
- Plaid
- Token
- Tink
- Bud Financial
- Yapily
- Klarna
- Impress Solutions
- Trovata
- Basiq
Market Segments
This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides revenue forecast data by type and by application segments based on value for the period 2017-2028.
Open Banking API Segment by Type
- Payment Initiation Sevice API
- Account Information Service API
- Others
Open Banking API Segment by Application
- Consumer
- Enterprise
- Financial Institution
Key Regions & Countries
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value data of each region and country for the period 2017-2028.
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Open Banking API market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Report Includes:
This report presents an overview of global market for Open Banking API market size. Analyses of the global market trends, with historic market revenue data for 2017 - 2021, estimates for 2022, and projections of CAGR through 2028.
This report researches the key producers of Open Banking API, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Open Banking API, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Open Banking API revenue, market share and industry ranking of main companies, data from 2017 to 2022. Identification of the major stakeholders in the global Open Banking API market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, revenue, and growth rate, from 2017 to 2028. Evaluation and forecast the market size for Open Banking API revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token and Tink, etc.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Open Banking API in global and regional 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, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Open Banking API companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments according to product types, covering the revenue, 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 according to application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America by type, by application and by country, revenue for each segment.
Chapter 7: Europe by type, by application and by country, revenue for each segment.
Chapter 8: Asia Pacific by type, by application and by country/region, revenue for each segment.
Chapter 9: Latin America by type, by application and by country, revenue for each segment.
Chapter 10: Middle East and Africa by type, by application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Open Banking API revenue, gross margin, and recent development, etc.
1 Report Business Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Open Banking API Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
1.2.2 Payment Initiation Sevice API
1.2.3 Account Information Service API
1.2.4 Others
1.3 Market by Application
1.3.1 Global Open Banking API Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
1.3.2 Consumer
1.3.3 Enterprise
1.3.4 Financial Institution
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Open Banking API Market Perspective (2017-2028)
2.2 Open Banking API Growth Trends by Region
2.2.1 Open Banking API Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Open Banking API Historic Market Size by Region (2017-2022)
2.2.3 Open Banking API Forecasted Market Size by Region (2023-2028)
2.3 Open Banking API Market Dynamics
2.3.1 Open Banking API Industry Trends
2.3.2 Open Banking API Market Drivers
2.3.3 Open Banking API Market Challenges
2.3.4 Open Banking API Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Open Banking API Players by Revenue
3.1.1 Global Top Open Banking API Players by Revenue (2017-2022)
3.1.2 Global Open Banking API Revenue Market Share by Players (2017-2022)
3.2 Global Open Banking API Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Open Banking API Revenue
3.4 Global Open Banking API Market Concentration Ratio
3.4.1 Global Open Banking API Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Open Banking API Revenue in 2021
3.5 Open Banking API Key Players Head office and Area Served
3.6 Key Players Open Banking API Product Solution and Service
3.7 Date of Enter into Open Banking API Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Open Banking API Breakdown Data by Type
4.1 Global Open Banking API Historic Market Size by Type (2017-2022)
4.2 Global Open Banking API Forecasted Market Size by Type (2023-2028)
5 Open Banking API Breakdown Data by Application
5.1 Global Open Banking API Historic Market Size by Application (2017-2022)
5.2 Global Open Banking API Forecasted Market Size by Application (2023-2028)
6 North America
6.1 North America Open Banking API Market Size (2017-2028)
6.2 North America Open Banking API Market Size by Type
6.2.1 North America Open Banking API Market Size by Type (2017-2022)
6.2.2 North America Open Banking API Market Size by Type (2023-2028)
6.2.3 North America Open Banking API Market Share by Type (2017-2028)
6.3 North America Open Banking API Market Size by Application
6.3.1 North America Open Banking API Market Size by Application (2017-2022)
6.3.2 North America Open Banking API Market Size by Application (2023-2028)
6.3.3 North America Open Banking API Market Share by Application (2017-2028)
6.4 North America Open Banking API Market Size by Country
6.4.1 North America Open Banking API Market Size by Country (2017-2022)
6.4.2 North America Open Banking API Market Size by Country (2023-2028)
6.4.3 United States
6.4.4 Canada
7 Europe
7.1 Europe Open Banking API Market Size (2017-2028)
7.2 Europe Open Banking API Market Size by Type
7.2.1 Europe Open Banking API Market Size by Type (2017-2022)
7.2.2 Europe Open Banking API Market Size by Type (2023-2028)
7.2.3 Europe Open Banking API Market Share by Type (2017-2028)
7.3 Europe Open Banking API Market Size by Application
7.3.1 Europe Open Banking API Market Size by Application (2017-2022)
7.3.2 Europe Open Banking API Market Size by Application (2023-2028)
7.3.3 Europe Open Banking API Market Share by Application (2017-2028)
7.4 Europe Open Banking API Market Size by Country
7.4.1 Europe Open Banking API Market Size by Country (2017-2022)
7.4.2 Europe Open Banking API Market Size by Country (2023-2028)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Open Banking API Market Size (2017-2028)
8.2 Asia-Pacific Open Banking API Market Size by Type
8.2.1 Asia-Pacific Open Banking API Market Size by Type (2017-2022)
8.2.2 Asia-Pacific Open Banking API Market Size by Type (2023-2028)
8.2.3 Asia-Pacific Open Banking API Market Share by Type (2017-2028)
8.3 Asia-Pacific Open Banking API Market Size by Application
8.3.1 Asia-Pacific Open Banking API Market Size by Application (2017-2022)
8.3.2 Asia-Pacific Open Banking API Market Size by Application (2023-2028)
8.3.3 Asia-Pacific Open Banking API Market Share by Application (2017-2028)
8.4 Asia-Pacific Open Banking API Market Size by Region
8.4.1 Asia-Pacific Open Banking API Market Size by Region (2017-2022)
8.4.2 Asia-Pacific Open Banking API Market Size by Region (2023-2028)
8.4.3 China
8.4.4 Japan
8.4.5 South Korea
8.4.6 Southeast Asia
8.4.7 India
8.4.8 Australia
9 Latin America
9.1 Latin America Open Banking API Market Size (2017-2028)
9.2 Latin America Open Banking API Market Size by Type
9.2.1 Latin America Open Banking API Market Size by Type (2017-2022)
9.2.2 Latin America Open Banking API Market Size by Type (2023-2028)
9.2.3 Latin America Open Banking API Market Share by Type (2017-2028)
9.3 Latin America Open Banking API Market Size by Application
9.3.1 Latin America Open Banking API Market Size by Application (2017-2022)
9.3.2 Latin America Open Banking API Market Size by Application (2023-2028)
9.3.3 Latin America Open Banking API Market Share by Application (2017-2028)
9.4 Latin America Open Banking API Market Size by Country
9.4.1 Latin America Open Banking API Market Size by Country (2017-2022)
9.4.2 Latin America Open Banking API Market Size by Country (2023-2028)
9.4.3 Mexico
9.4.4 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Open Banking API Market Size (2017-2028)
10.2 Middle East & Africa Open Banking API Market Size by Type
10.2.1 Middle East & Africa Open Banking API Market Size by Type (2017-2022)
10.2.2 Middle East & Africa Open Banking API Market Size by Type (2023-2028)
10.2.3 Middle East & Africa Open Banking API Market Share by Type (2017-2028)
10.3 Middle East & Africa Open Banking API Market Size by Application
10.3.1 Middle East & Africa Open Banking API Market Size by Application (2017-2022)
10.3.2 Middle East & Africa Open Banking API Market Size by Application (2023-2028)
10.3.3 Middle East & Africa Open Banking API Market Share by Application (2017-2028)
10.4 Middle East & Africa Open Banking API Market Size by Country
10.4.1 Middle East & Africa Open Banking API Market Size by Country (2017-2022)
10.4.2 Middle East & Africa Open Banking API Market Size by Country (2023-2028)
10.4.3 Turkey
10.4.4 Saudi Arabia
10.4.5 UAE
11 Key Players Profiles
11.1 Google
11.1.1 Google Company Details
11.1.2 Google Business Overview
11.1.3 Google Open Banking API Introduction
11.1.4 Google Revenue in Open Banking API Business (2017-2022)
11.1.5 Google Recent Developments
11.2 SAS
11.2.1 SAS Company Details
11.2.2 SAS Business Overview
11.2.3 SAS Open Banking API Introduction
11.2.4 SAS Revenue in Open Banking API Business (2017-2022)
11.2.5 SAS Recent Developments
11.3 Mastercard
11.3.1 Mastercard Company Details
11.3.2 Mastercard Business Overview
11.3.3 Mastercard Open Banking API Introduction
11.3.4 Mastercard Revenue in Open Banking API Business (2017-2022)
11.3.5 Mastercard Recent Developments
11.4 Salt Edge
11.4.1 Salt Edge Company Details
11.4.2 Salt Edge Business Overview
11.4.3 Salt Edge Open Banking API Introduction
11.4.4 Salt Edge Revenue in Open Banking API Business (2017-2022)
11.4.5 Salt Edge Recent Developments
11.5 Yodlee
11.5.1 Yodlee Company Details
11.5.2 Yodlee Business Overview
11.5.3 Yodlee Open Banking API Introduction
11.5.4 Yodlee Revenue in Open Banking API Business (2017-2022)
11.5.5 Yodlee Recent Developments
11.6 TrueLayer
11.6.1 TrueLayer Company Details
11.6.2 TrueLayer Business Overview
11.6.3 TrueLayer Open Banking API Introduction
11.6.4 TrueLayer Revenue in Open Banking API Business (2017-2022)
11.6.5 TrueLayer Recent Developments
11.7 Plaid
11.7.1 Plaid Company Details
11.7.2 Plaid Business Overview
11.7.3 Plaid Open Banking API Introduction
11.7.4 Plaid Revenue in Open Banking API Business (2017-2022)
11.7.5 Plaid Recent Developments
11.8 Token
11.8.1 Token Company Details
11.8.2 Token Business Overview
11.8.3 Token Open Banking API Introduction
11.8.4 Token Revenue in Open Banking API Business (2017-2022)
11.8.5 Token Recent Developments
11.9 Tink
11.9.1 Tink Company Details
11.9.2 Tink Business Overview
11.9.3 Tink Open Banking API Introduction
11.9.4 Tink Revenue in Open Banking API Business (2017-2022)
11.9.5 Tink Recent Developments
11.10 Bud Financial
11.10.1 Bud Financial Company Details
11.10.2 Bud Financial Business Overview
11.10.3 Bud Financial Open Banking API Introduction
11.10.4 Bud Financial Revenue in Open Banking API Business (2017-2022)
11.10.5 Bud Financial Recent Developments
11.11 Yapily
11.11.1 Yapily Company Details
11.11.2 Yapily Business Overview
11.11.3 Yapily Open Banking API Introduction
11.11.4 Yapily Revenue in Open Banking API Business (2017-2022)
11.11.5 Yapily Recent Developments
11.12 Klarna
11.12.1 Klarna Company Details
11.12.2 Klarna Business Overview
11.12.3 Klarna Open Banking API Introduction
11.12.4 Klarna Revenue in Open Banking API Business (2017-2022)
11.12.5 Klarna Recent Developments
11.13 Impress Solutions
11.13.1 Impress Solutions Company Details
11.13.2 Impress Solutions Business Overview
11.13.3 Impress Solutions Open Banking API Introduction
11.13.4 Impress Solutions Revenue in Open Banking API Business (2017-2022)
11.13.5 Impress Solutions Recent Developments
11.14 Trovata
11.14.1 Trovata Company Details
11.14.2 Trovata Business Overview
11.14.3 Trovata Open Banking API Introduction
11.14.4 Trovata Revenue in Open Banking API Business (2017-2022)
11.14.5 Trovata Recent Developments
11.15 Basiq
11.15.1 Basiq Company Details
11.15.2 Basiq Business Overview
11.15.3 Basiq Open Banking API Introduction
11.15.4 Basiq Revenue in Open Banking API Business (2017-2022)
11.15.5 Basiq Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Author Details
13.3 Disclaimer
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