Canada Banking-as-a-service Market Size & Outlook

The banking-as-a-service market in Canada is expected to reach a projected revenue of US$ 3,109.8 million by 2030. A compound annual growth rate of 15.5% is expected of Canada banking-as-a-service market from 2023 to 2030.
Revenue, 2022 (US$M)
$979.6
Forecast, 2030 (US$M)
$3,109.8
CAGR, 2023 - 2030
15.5%
Report Coverage
Canada

Canada banking-as-a-service market highlights

  • The Canada banking-as-a-service market generated a revenue of USD 979.6 million in 2022 and is expected to reach USD 3,109.8 million by 2030.
  • The Canada market is expected to grow at a CAGR of 15.5% from 2023 to 2030.
  • In terms of segment, platform was the largest revenue generating component in 2022.
  • Platform is the most lucrative component segment registering the fastest growth during the forecast period.


Banking-as-a-service market data book summary

Market revenue in 2022USD 979.6 million
Market revenue in 2030USD 3,109.8 million
Growth rate15.5% (CAGR from 2022 to 2030)
Largest segmentPlatform
Fastest growing segmentPlatform
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlatform, Services
Key market players worldwideGreen Dot Corp Class A, Solaris Resources Inc Ordinary Shares, PayPal Holdings Inc, Linkbancorp Inc Ordinary Shares, Block Inc Class A, Solaris, Fidor Solutions, Hemovent, Moven, Societe Generale SA, MatchMove Pay


Other key industry trends

  • In terms of revenue, Canada accounted for 4.4% of the global banking-as-a-service market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. banking-as-a-service market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 3,109.8 million by 2030.

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Banking-as-a-Service Market Scope

Banking-as-a-service market segmentation & scope
Platform
Services
API-Based Banking-as-a-Service
Cloud-Based Banking-as-a-Service
Large Enterprises
Small & Medium Enterprises
Banks
NBFC
Government
Others

Banking-as-a-Service Market Companies

Name Profile # Employees HQ Website

Canada banking-as-a-service market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to banking-as-a-service market will help companies and investors design strategic landscapes.


Platform was the largest segment with a revenue share of 58.35% in 2022. Horizon Databook has segmented the Canada banking-as-a-service market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the Canada banking-as-a-service market , including forecasts for subscribers. This country databook contains high-level insights into Canada banking-as-a-service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada banking-as-a-service market size, by component, 2018-2030 (US$M)

Canada Banking-as-a-Service Market Outlook Share, 2022 & 2030 (US$M)

Canada banking-as-a-service market size, by component, 2018-2030 (US$M)

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