Global Open Banking Market Opportunities and Strategies Report 2023: Sector is Expected to Reach $136 Billion in 2031 at a CAGR of 23%
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Friday, April 28, 2023
Benchmark, Urbanization, Big data, Coronavirus, HSBC (United Kingdom), Crédit Agricole, Capital One, Acquisition, Banking as a service, Investment, Lloyds Banking Group, Citigroup, As a service, BBVA, Growth, DBS Bank, Banco Santander, VRPS, Create, Barclays, Retail, Marketing, Risk management, Cryptocurrency, Bank
The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.
Key Points:
- The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.
- Going forward, the app market segment is expected to be the fastest growing segment in the open banking market segmented by distribution channel, at a CAGR of 30.7% during 2021-2026.
- The global open banking market is consolidated with small number of large players dominating the market.
- The top opportunities in the open banking market segmented by distribution channel will arise in the app market market segment, which will gain $16,432.9 million of global annual sales by 2026.