North America Banking-as-a-Service Market Size, Share & Industry Trends Analysis Report By Component (Platform and Services), By End User (Banks, NBFC, Government and Others), By Organization size, By Product Type, By Country and Growth Forecast, 2022 – 2028
The North America Banking-as-a-Service Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
Rising demand for rapid digitalization, financial services, and the availability of Application Programming Interfaces are the main drivers of market expansion. The growing acceptance of online banking is another factor contributing to the industry's growth. Online banking is increasingly becoming the preferred method of access for consumers to reach a variety of services, including money transfers, account statements, and online purchases.
As a result, fintech companies are focusing on providing customers with better digital services for increased convenience & consumer satisfaction. Open banking, in which banks make their Application Programming Interfaces (APIs) available to outside developers so they may create new services and give account holders more options for financial transparency, has made banking-as-a-service (BaaS) platforms a crucial component.
The growth in online payment activity will boost the potential of the U.S. digital banking system. Banks can notify customers if they discover any transactional discrepancies with the aid of cutting-edge technologies built into these solutions. The popularity of digital banking services in the nation will increase with the availability of cutting-edge payment methods to expedite and improve customer convenience. Consumers benefit greatly from the convenience of auto-debit payments because they can make their loan payments without having to go to the bank.
The US market dominated the North America Banking-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13,217.7 million by 2028.The Canada market is poised to grow at a CAGR of 17.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.4% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services. Based on End User, the market is segmented into Banks, NBFC, Government and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Product Type, the market is segmented into Cloud-Based and API-Based. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Green Dot Corporation, PayPal Holdings, Inc., Block, Inc., Sopra Steria Group SA, Moven Enterprises, Solarisbank AG, The Currency Cloud Limited, Treezor SAS, Bnkbl Ltd., and MatchMove Pay Pte. Ltd.
Scope of the Study
Market Segments covered in the Report:
By Component
- Platform
- Services
- Banks
- NBFC
- Government
- Others
- Large Enterprises
- SMEs
- Cloud-Based
- API-Based
- US
- Canada
- Mexico
- Rest of North America
- Green Dot Corporation
- PayPal Holdings, Inc.
- Block, Inc.
- Sopra Steria Group SA
- Moven Enterprises
- Solarisbank AG
- The Currency Cloud Limited
- Treezor SAS
- Bnkbl Ltd.
- MatchMove Pay Pte. Ltd.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Banking-as-a-Service Market, by Component
- 1.4.2 North America Banking-as-a-Service Market, by End User
- 1.4.3 North America Banking-as-a-Service Market, by Organization size
- 1.4.4 North America Banking-as-a-Service Market, by Product Type
- 1.4.5 North America Banking-as-a-Service Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2022, Mar) Leading Players
- Chapter 4. North America Banking-as-a-Service Market by Component
- 4.1 North America Platform Market by Country
- 4.2 North America Services Market by Country
- Chapter 5. North America Banking-as-a-Service Market by End-use
- 5.1 North America Banks Market by Country
- 5.2 North America NBFC Market by Country
- 5.3 North America Government Market by Country
- 5.4 North America Other End-use Market by Country
- Chapter 6. North America Banking-as-a-Service Market by Organization size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America SMEs Market by Country
- Chapter 7. North America Banking-as-a-Service Market by Product Type
- 7.1 North America Cloud-Based Market by Country
- 7.2 North America API-Based Market by Country
- Chapter 8. North America Banking-as-a-Service Market by Country
- 8.1 US Banking-as-a-Service Market
- 8.1.1 US Banking-as-a-Service Market by Component
- 8.1.2 US Banking-as-a-Service Market by End-use
- 8.1.3 US Banking-as-a-Service Market by Organization size
- 8.1.4 US Banking-as-a-Service Market by Product Type
- 8.2 Canada Banking-as-a-Service Market
- 8.2.1 Canada Banking-as-a-Service Market by Component
- 8.2.2 Canada Banking-as-a-Service Market by End-use
- 8.2.3 Canada Banking-as-a-Service Market by Organization size
- 8.2.4 Canada Banking-as-a-Service Market by Product Type
- 8.3 Mexico Banking-as-a-Service Market
- 8.3.1 Mexico Banking-as-a-Service Market by Component
- 8.3.2 Mexico Banking-as-a-Service Market by End-use
- 8.3.3 Mexico Banking-as-a-Service Market by Organization size
- 8.3.4 Mexico Banking-as-a-Service Market by Product Type
- 8.4 Rest of North America Banking-as-a-Service Market
- 8.4.1 Rest of North America Banking-as-a-Service Market by Component
- 8.4.2 Rest of North America Banking-as-a-Service Market by End-use
- 8.4.3 Rest of North America Banking-as-a-Service Market by Organization size
- 8.4.4 Rest of North America Banking-as-a-Service Market by Product Type
- Chapter 9. Company Profiles
- 9.1 Green Dot Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.4.2 Product Launches and Product Expansions:
- 9.2 PayPal Holdings, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.3 Block, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Acquisition and Mergers:
- 9.4 Sopra Steria Group SA (Fidor Solutions AG)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Acquisition and Mergers:
- 9.5 Moven Enterprise
- 9.5.1 Company Overview
- 9.5.2 Recent strategies and developments:
- 9.5.2.1 Partnerships, Collaborations, and Agreements:
- 9.5.2.2 Geographical Expansions:
- 9.6 Solaris Group
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Partnerships, Collaborations, and Agreements:
- 9.6.2.2 Geographical Expansions:
- 9.7 The Currency Cloud Limited
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.7.2.2 Product Launches and Product Expansions:
- 9.7.2.3 Geographical Expansions:
- 9.8 Treezor SAS
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.9 Bnkbl Ltd.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Partnerships, Collaborations, and Agreements:
- 9.10. MatchMove Pay Pte Ltd.
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Acquisition and Mergers:
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