Global Open Banking API Market Growth (Status and Outlook) 2023-2029

Global Open Banking API Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Open Banking API Industry Forecast” looks at past sales and reviews total world Open Banking API sales in 2022, providing a comprehensive analysis by region and market sector of projected Open Banking API sales for 2023 through 2029. With Open Banking API sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Open Banking API industry.

This Insight Report provides a comprehensive analysis of the global Open Banking API landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Open Banking API portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Open Banking API market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Open Banking API and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Open Banking API.

The global Open Banking API market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Open Banking API is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Open Banking API is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Open Banking API is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Open Banking API players cover Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token and Tink, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Open Banking API market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Payment Initiation Sevice API
Account Information Service API
Others

Segmentation by application
Consumer
Enterprise
Financial Institution

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Google
SAS
Mastercard
Salt Edge
Yodlee
TrueLayer
Plaid
Token
Tink
Bud Financial
Yapily
Klarna
Impress Solutions
Trovata
Basiq

Please note: The report will take approximately 2 business days to prepare and deliver.