Europe Open Banking Market Size & Outlook, 2023-2030

The open banking market in Europe is expected to reach a projected revenue of US$ 44,904.2 million by 2030. A compound annual growth rate of 25.3% is expected of Europe open banking market from 2024 to 2030.
Revenue, 2023 (US$M)
$9,282.3
Forecast, 2030 (US$M)
$44,904.2
CAGR, 2024 - 2030
25.3%
Report Coverage
Europe

Europe open banking market highlights

  • The Europe open banking market generated a revenue of USD 9,282.3 million in 2023.
  • The market is expected to grow at a CAGR of 25.3% from 2024 to 2030.
  • In terms of segment, banking & capital markets was the largest revenue generating services in 2023.
  • Payments is the most lucrative services segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 9,282.3 million
Market revenue in 2030USD 44,904.2 million
Growth rate25.3% (CAGR from 2023 to 2030)
Largest segmentBanking & capital markets
Fastest growing segmentPayments
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBanking & Capital Markets, Payments, Digital Currencies, Value Added Services
Key market players worldwideBanco Bilbao Vizcaya Argentaria SA ADR, Jack Henry & Associates Inc, Minerals Technologies Inc, AT&T, Credit Agricole SA, Demyst, Qwist, Finastra, FormFree, Mambu


Other key industry trends

  • In terms of revenue, Europe region accounted for 36.9% of the global open banking market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 28,894.7 million by 2030.

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Open Banking Market Companies

Name Profile # Employees HQ Website

Europe 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 45.45% in 2023. Horizon Databook has segmented the Europe 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.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe open banking market , including forecasts for subscribers. This continent databook contains high-level insights into Europe open banking market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Europe open banking market size, by country, 2017-2030 (US$M)

Europe Open Banking Market Outlook Share, 2023 & 2030 (US$M)

Europe open banking market size, by country, 2017-2030 (US$M)

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