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Open Banking Market Size, Share & Trends Analysis Report by Services (Banking & Capital Markets, Digital Currencies), Deployment (Cloud, on-premise), Distribution Channel (Bank Channels, App Markets), Region, with Growth Forecasts, 2025-2030- Product Image
Open Banking Market Size, Share & Trends Analysis Report by Services (Banking & Capital Markets, Digital Currencies), Deployment (Cloud, on-premise), Distribution Channel (Bank Channels, App Markets), Region, with Growth Forecasts, 2025-2030- Product Image
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Open Banking Market Size, Share & Trends Analysis Report by Services (Banking & Capital Markets, Digital Currencies), Deployment (Cloud, on-premise), Distribution Channel (Bank Channels, App Markets), Region, with Growth Forecasts, 2025-2030

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  • 130 Pages
  • April 2025
  • Region: Global
  • Grand View Research
  • ID: 5649387
Description Jump to:
The Open Banking Market was valued at USD 31.61 Billion in 2024, and is projected to reach USD 135.17 Billion by 2030, rising at a CAGR of 27.60%. The market growth can be attributed to several factors, including enhanced customer participation achieved by open banking APIs, favorable government regulations, and increased adoption of innovative services and applications. In addition, the relocation of the focus of retail banks toward consolidated technological enhancements also bodes well for the growth.

Key companies are aggressively investing in offering enhanced services to their customers. For instance, in June 2022, Mastercard announced its latest feature, named ‘Pay by link,’ through its European platform Aiia. This feature helps eliminate needless payment stages for companies from any sector by developing a straightforward link that enables clients to pay instantaneously in any situation. The feature stems from Mastercard’s open banking initiative, which seeks to usher in a new era of choice, convenience, and personalization securely.

Increased strategic initiatives in the market by prominent companies are expected to drive market growth over the forecast period. For instance, in October 2022, Visa Inc., a financial services company, announced the completion of the acquisition of Tink platform. As a result of this acquisition, Visa, Inc. and Tink enabled their clients to offer substantial benefits to consumers, allowing them better control over their financial experiences, including managing their financial data, money, and financial goals.

The outbreak of the COVID-19 pandemic played a vital role in driving the growth of the market. Since the pandemic, the industry has been continuously evolving to improve the customer experience and ease bank-related processes for consumers. In addition, the rapid adoption of digitalization is expected to result in a positive outlook for the market.

Open Banking Market Report Highlights

  • The banking & capital markets segment accounted for the largest share of 45.7% in 2024.
  • The on-premise segment held the largest market share of 51.0% in 2024. It enables easy accessibility for customers, serving their needs better.
  • The app market segment dominated the industry in 2024. The dominance can be attributable to the proliferation of smartphones globally. The growing adoption of mobile applications for buying and selling products and services is expected to drive the segment’s growth.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Open Banking Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Open Banking Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of The suppliers
3.3.1.2. Bargaining power of The buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Open Banking Market: Services Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Open Banking Market: Services Movement Analysis, 2024 & 2030 (USD Million)
4.3. Banking & Capital Markets
4.3.1. Banking & Capital Markets Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.4. Payments
4.4.1. Payments Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.5. Digital Currencies
4.5.1. Digital Currencies Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.6. Value Added Services
4.6.1. Value Added Services Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 5. Open Banking Market: Deployment Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Open Banking Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
5.3. Cloud
5.3.1. Cloud Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
5.4. on-premise
5.4.1. on-premise Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 6. Open Banking Market: Distribution Channel Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Open Banking Market: Distribution Channel Movement Analysis, 2024 & 2030 (USD Million)
6.3. Bank Channels
6.3.1. Bank Channels Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.4. App Markets
6.4.1. App Markets Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.5. Distributors
6.5.1. Distributors Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.6. Aggregators
6.6.1. Aggregators Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 7. Open Banking Market: Regional Estimates & Trend Analysis
7.1. Open Banking Market Share, by Region, 2024 & 2030 (USD Million)
7.2. North America
7.2.1. North America Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.2. U.S.
7.2.2.1. U.S. Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.3. Canada
7.2.3.1. Canada Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Mexico Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3. Europe
7.3.1. Europe Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.2. U.K.
7.3.2.1. U.K. Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.3. Germany
7.3.3.1. Germany Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.4. France
7.3.4.1. France Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.2. China
7.4.2.1. China Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.3. Japan
7.4.3.1. Japan Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.4. India
7.4.4.1. India Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.5. South Korea
7.4.5.1. South Korea Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.6. Australia
7.4.6.1. Australia Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.5. Latin America
7.5.1. Latin America Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Brazil Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6. Middle East and Africa
7.6.1. Middle East and Africa Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.2. Kingdom of Bahrain
7.6.2.1. Kingdom of Bahrain Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.3. KSA
7.6.3.1. KSA Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.4. South Africa
7.6.4.1. South Africa Open Banking Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Categorization
8.2. Company Market Positioning
8.3. Company Heat Map Analysis
8.4. Company Profiles/Listing
8.4.1. Banco Bilbao Vizcaya Argentaria, S.A.
8.4.1.1. Participant’s Overview
8.4.1.2. Financial Performance
8.4.1.3. Product Benchmarking
8.4.1.4. Strategic Initiatives
8.4.2. Crédit Agricole
8.4.2.1. Participant’s Overview
8.4.2.2. Financial Performance
8.4.2.3. Product Benchmarking
8.4.2.4. Strategic Initiatives
8.4.3. DemystData, Ltd.
8.4.3.1. Participant’s Overview
8.4.3.2. Financial Performance
8.4.3.3. Product Benchmarking
8.4.3.4. Strategic Initiatives
8.4.4. Qwist
8.4.4.1. Participant’s Overview
8.4.4.2. Financial Performance
8.4.4.3. Product Benchmarking
8.4.4.4. Strategic Initiatives
8.4.5. Finastra
8.4.5.1. Participant’s Overview
8.4.5.2. Financial Performance
8.4.5.3. Product Benchmarking
8.4.5.4. Strategic Initiatives
8.4.6. FormFree Holdings Corporation
8.4.6.1. Participant’s Overview
8.4.6.2. Financial Performance
8.4.6.3. Product Benchmarking
8.4.6.4. Strategic Initiatives
8.4.7. Jack Henry & Associates, Inc.
8.4.7.1. Participant’s Overview
8.4.7.2. Financial Performance
8.4.7.3. Product Benchmarking
8.4.7.4. Strategic Initiatives
8.4.8. Mambu
8.4.8.1. Participant’s Overview
8.4.8.2. Financial Performance
8.4.8.3. Product Benchmarking
8.4.8.4. Strategic Initiatives
8.4.9. MineralTree, Inc.
8.4.9.1. Participant’s Overview
8.4.9.2. Financial Performance
8.4.9.3. Product Benchmarking
8.4.9.4. Strategic Initiatives
8.4.10. NCR Corporation
8.4.10.1. Participant’s Overview
8.4.10.2. Financial Performance
8.4.10.3. Product Benchmarking
8.4.10.4. Strategic Initiatives
List of Tables
Table 1 Global open banking market size estimates & forecasts 2018-2030 (USD Million)
Table 2 Global open banking market, by region 2018-2030 (USD Million)
Table 3 Global open banking market, by services 2018-2030 (USD Million)
Table 4 Global open banking market, by deployment 2018-2030 (USD Million)
Table 5 Global open banking market, by distribution channel 2018-2030 (USD Million)
Table 6 Banking & capital markets market, by region 2018-2030 (USD Million)
Table 7 Payments market, by region 2018-2030 (USD Million)
Table 8 Digital currencies market, by region 2018-2030 (USD Million)
Table 9 Value added services market, by region 2018-2030 (USD Million)
Table 10 Cloud market, by region 2018-2030 (USD Million)
Table 11 On-premise market, by region 2018-2030 (USD Million)
Table 12 Bank channels market, by region 2018-2030 (USD Million)
Table 13 App markets market, by region 2018-2030 (USD Million)
Table 14 Distributors market, by region 2018-2030 (USD Million)
Table 15 Aggregators market, by region 2018-2030 (USD Million)
Table 16 North America open banking market, by services 2018-2030 (USD Million)
Table 17 North America open banking market, by deployment 2018-2030 (USD Million)
Table 18 North America open banking market, by distribution channel 2018-2030 (USD Million)
Table 19 U.S. open banking market, by services 2018-2030 (USD Million)
Table 20 U.S. open banking market, by deployment 2018-2030 (USD Million)
Table 21 U.S. open banking market, by distribution channel 2018-2030 (USD Million)
Table 22 Canada open banking market, by services 2018-2030 (USD Million)
Table 23 Canada open banking market, by deployment 2018-2030 (USD Million)
Table 24 Canada open banking market, by distribution channel 2018-2030 (USD Million)
Table 25 Mexico open banking market, by services 2018-2030 (USD Million)
Table 26 Mexico open banking market, by deployment 2018-2030 (USD Million)
Table 27 Mexico open banking market, by distribution channel 2018-2030 (USD Million)
Table 28 Europe open banking market, by services 2018-2030 (USD Million)
Table 29 Europe open banking market, by deployment 2018-2030 (USD Million)
Table 30 Europe open banking market, by distribution channel 2018-2030 (USD Million)
Table 31 U.K. open banking market, by services 2018-2030 (USD Million)
Table 32 U.K. open banking market, by deployment 2018-2030 (USD Million)
Table 33 U.K. open banking market, by distribution channel 2018-2030 (USD Million)
Table 34 Germany open banking market, by services 2018-2030 (USD Million)
Table 35 Germany open banking market, by deployment 2018-2030 (USD Million)
Table 36 Germany open banking market, by distribution channel 2018-2030 (USD Million)
Table 37 France open banking market, by services 2018-2030 (USD Million)
Table 38 France open banking market, by deployment 2018-2030 (USD Million)
Table 39 France open banking market, by distribution channel 2018-2030 (USD Million)
Table 40 Asia Pacific open banking market, by services 2018-2030 (USD Million)
Table 41 Asia Pacific open banking market, by deployment 2018-2030 (USD Million)
Table 42 Asia Pacific open banking market, by distribution channel 2018-2030 (USD Million)
Table 43 China open banking market, by services 2018-2030 (USD Million)
Table 44 China open banking market, by deployment 2018-2030 (USD Million)
Table 45 China open banking market, by distribution channel 2018-2030 (USD Million)
Table 46 India open banking market, by services 2018-2030 (USD Million)
Table 47 India open banking market, by deployment 2018-2030 (USD Million)
Table 48 India open banking market, by distribution channel 2018-2030 (USD Million)
Table 49 Japan open banking market, by services 2018-2030 (USD Million)
Table 50 Japan open banking market, by deployment 2018-2030 (USD Million)
Table 51 Japan open banking market, by distribution channel 2018-2030 (USD Million)
Table 52 Australia open banking market, by services 2018-2030 (USD Million)
Table 53 Australia open banking market, by deployment 2018-2030 (USD Million)
Table 54 Australia open banking market, by distribution channel 2018-2030 (USD Million)
Table 55 South Korea open banking market, by services 2018-2030 (USD Million)
Table 56 South Korea open banking market, by deployment 2018-2030 (USD Million)
Table 57 South Korea open banking market, by distribution channel 2018-2030 (USD Million)
Table 58 Latin America open banking market, by services 2018-2030 (USD Million)
Table 59 Latin America open banking market, by deployment 2018-2030 (USD Million)
Table 60 Latin America open banking market, by distribution channel 2018-2030 (USD Million)
Table 61 Brazil open banking market, by services 2018-2030 (USD Million)
Table 62 Brazil open banking market, by deployment 2018-2030 (USD Million)
Table 63 Brazil open banking market, by distribution channel 2018-2030 (USD Million)
Table 64 MEA open banking market, by services 2018-2030 (USD Million)
Table 65 MEA open banking market, by deployment 2018-2030 (USD Million)
Table 66 MEA open banking market, by distribution channel 2018-2030 (USD Million)
Table 67 Kingdom of Bahrain open banking market, by services 2018-2030 (USD Million)
Table 68 Kingdom of Bahrain open banking market, by deployment 2018-2030 (USD Million)
Table 69 Kingdom of Bahrain open banking market, by distribution channel 2018-2030 (USD Million)
Table 70 KSA open banking market, by services 2018-2030 (USD Million)
Table 71 KSA open banking market, by deployment 2018-2030 (USD Million)
Table 72 KSA open banking market, by distribution channel 2018-2030 (USD Million)
Table 73 South Africa open banking market, by services 2018-2030 (USD Million)
Table 74 South Africa open banking market, by deployment 2018-2030 (USD Million)
Table 75 South Africa open banking market, by distribution channel 2018-2030 (USD Million)
List of Figures
Figure 1 Open banking market segmentation
Figure 2 Market research process
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value chain-based sizing & forecasting
Figure 7 Parent market analysis
Figure 8 Market formulation & validation
Figure 9 Open banking market snapshot
Figure 10 Open banking market segment snapshot
Figure 11 Open banking market competitive landscape snapshot
Figure 12 Market research process
Figure 13 Market driver relevance analysis (Current & future impact)
Figure 14 Market restraint relevance analysis (Current & future impact)
Figure 15 Open banking market: services outlook key takeaways (USD Million)
Figure 16 Open banking market: services movement analysis 2024 & 2030 (USD Million)
Figure 17 Banking & capital markets market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 18 Payments market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 19 Digital currencies Markets market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 20 Value added services market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 21 Open banking market: Deployment outlook key takeaways (USD Million)
Figure 22 Open banking market: Deployment movement analysis 2024 & 2030 (USD Million)
Figure 23 Cloud market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 24 On-premise market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 25 Open banking market: Distribution Channel outlook key takeaways (USD Million)
Figure 26 Open banking market: Distribution Channel movement analysis 2024 & 2030 (USD Million)
Figure 27 Bank channels market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 28 App markets market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 29 Distributors market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 30 Aggregators market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 31 Regional marketplace: Key takeaways
Figure 32 Open banking market: Regional outlook, 2024 & 2030 (USD Million)
Figure 33 North America open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 34 U.S. open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 35 Canada open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 36 Mexico open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 37 Europe open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 38 U.K. open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 39 Germany open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 40 France open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 41 Asia Pacific open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 42 China open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 43 Japan open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 44 India open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 45 Australia open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 46 South Korea open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 47 Latin America open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 48 Brazil open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 49 MEA open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 50 KSA open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 51 Kingdom of Bahrain open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 52 South Africa open banking market estimates and forecasts, 2018-2030 (USD Million)
Figure 53 Strategy framework
Figure 54 Company Categorization

Companies Mentioned

The companies profiled in this Open Banking market report include:
  • Banco Bilbao Vizcaya Argentaria, S.A.
  • Crédit Agricole
  • DemystData, Ltd.
  • Qwist
  • Finastra
  • FormFree Holdings Corporation
  • Mambu
  • MineralTree, Inc.
  • NCR Corporation

Table Information

Report AttributeDetails
No. of Pages130
PublishedApril 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 31.61 Billion
Forecasted Market Value ( USD ) by 2030 $ 135.17 Billion
Compound Annual Growth Rate27.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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