Latin America Open Banking Market Size & Outlook
Latin America open banking market, 2017-2030 (US$M)
Related Markets
Latin America open banking market highlights
- The Latin America open banking market generated a revenue of USD 2,316.0 million in 2023.
- The market is expected to grow at a CAGR of 28.3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,316.0 million |
| Market revenue in 2030 | USD 13,260.6 million |
| Growth rate | 28.3% (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 |
| Key market players worldwide | Banco 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, Latin America region accounted for 9.2% 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 Scope
Open Banking Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 44.91% in 2023. Horizon Databook has segmented the Latin America 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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Target buyers of Latin America open banking market databook
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Our clientele includes a mix of open banking market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America open banking market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America open banking market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America open banking market size, by country, 2017-2030 (US$M)
Latin America Open Banking Market Outlook Share, 2023 & 2030 (US$M)
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