Global Open Banking Market Size & Outlook, 2023-2030
Global open banking market, 2017-2030 (US$M)
Related Markets
Global open banking market highlights
- The global open banking market generated a revenue of USD 25,137.1 million in 2023 and is expected to reach USD 135,173.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 27.2% by 2030.
- In terms of segment, banking & capital markets accounted for a revenue of USD 11,483.8 million in 2023.
- Payments is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,137.1 million |
| Market revenue in 2030 | USD 135,173.8 million |
| Growth rate | 27.2% (CAGR from 2023 to 2030) |
| Largest segment | Banking & capital markets |
| Fastest growing segment | Payments |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Banking & Capital Markets, Payments, Digital Currencies, Value Added Services |
Other key industry trends
- In terms of revenue, the North America accounted for 27.1% of the global open banking market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 9,013.2 million by 2030.
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Open Banking Market Scope
Open Banking Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global open banking 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 open banking market will help companies and investors design strategic landscapes.
Banking & capital markets was the largest segment with a revenue share of 45.68% in 2023. Horizon Databook has segmented the Global open banking market based on banking & capital markets, payments, digital currencies, value added services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Open Banking Services Outlook (Revenue, USD Million, 2017-2030)
- Banking & Capital Markets
- Payments
- Digital Currencies
- Value Added Services
- Global Open Banking Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-premise
- Global Open Banking Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Bank Channels
- App Markets
- Distributors
- Aggregators
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Horizon Databook provides a detailed overview of global-level data and insights on the Global open banking market , including forecasts for subscribers. This global databook contains high-level insights into Global open banking market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global open banking market size, by regions, 2017-2030 (US$M)
Top 10 countries: Open banking market size, 2023 (US$M)
Global open banking market share, by services, 2023 & 2030 (%, US$M)
Open banking market: Opportunity assessment by country
Global open banking market, by region, 2023 (US$M)
| Services | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,506.9 | 1,943.1 | 2,514.9 | 3,266.6 | 4,274.3 | 5,391.5 | 6,802.2 | 8,611.1 | 10,934.7 | 13,938.0 | 17,823.7 | 22,877.1 | 29,416.6 | 37,950.5 | 27.8% |
| Europe | 2,363.2 | 2,973.8 | 3,758.7 | 4,770.2 | 6,102.0 | 7,523.3 | 9,282.3 | 11,497.4 | 14,292.1 | 17,842.1 | 22,356.5 | 28,129.8 | 35,474.3 | 44,904.2 | 25.3% |
| Asia Pacific | 1,070.3 | 1,383.6 | 1,796.6 | 2,342.4 | 3,078.2 | 3,899.3 | 4,942.8 | 6,290.2 | 8,033.5 | 10,303.9 | 13,264.8 | 17,147.8 | 22,217.8 | 28,894.7 | 28.7% |
| Latin America | 510.6 | 658.2 | 852.0 | 1,107.5 | 1,450.9 | 1,832.5 | 2,316.0 | 2,938.6 | 3,741.9 | 4,785.2 | 6,142.0 | 7,916.5 | 10,226.7 | 13,260.6 | 28.3% |
| MEA | 399.1 | 513.6 | 663.8 | 861.6 | 1,127.1 | 1,421.4 | 1,793.7 | 2,272.6 | 2,889.5 | 3,689.6 | 4,728.7 | 6,085.8 | 7,850.0 | 10,163.7 | 28.1% |
| Overall | 5,850.0 | 7,472.3 | 9,586.0 | 12,348.3 | 16,032.5 | 20,067.9 | 25,137.1 | 31,609.9 | 39,891.7 | 50,558.7 | 64,315.7 | 82,156.8 | 105,185.4 | 135,173.8 | 27.2% |
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