Open Banking Industry Analysis 2025–2030: Market Insights & Forecast

Open Banking Product Market Report – 2025 Outlook, Trends, Share, Size & Forecast

MarkNtel Advisors has unveiled its latest research report on the Open Banking Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Open Banking industry.

Open Banking Market Size: 2025 Outlook

The Global Open Banking Market size was valued at around USD 31.54 billion in 2024 and is projected to reach USD 136.13 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 27.60 % during the forecast period, i.e., 2025-30. The banking industry is undergoing a digital revolution, with emerging digital banking innovators earning consumers' trust. At the same time, established institutions are intensifying their digital transformation efforts, positioning themselves to preserve & expand their customer base. As per the Global Digital Banking Index 2021, across the 28 countries surveyed, the number of consumers with a digital bank account represented 23% of the population and an estimated 450 million customers.

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? Scope of the Report

Forecasts till 2030 with year-wise market breakdown
Geographical and segment-level analysis
Company profiles and strategic insights
Key market drivers and restraints
Analysis of market trends and investment opportunities

What’s Driving the Market?

Surging Government Support to Augment the Market Growth – In an era of globalization, governments worldwide recognize the significance of fostering connections between their financial institutions & consumers and their international counterparts. This has led countries like the UK, Mexico, and the US to actively endorse the adoption of open banking services, simplifying cross-border financial transactions & enriching global trade relationships. Moreover, over the past decade, North American and European nations have taken a proactive stance in democratizing access to financial products & services.

What’s Holding Back Growth?

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Open Banking Market Segmentation

By Service

Retail Banking
Aggregation & Financial Management - Market Size & Forecast 2020-2030F, USD Billion
Credit Risk Decisioning- Market Size & Forecast 2020-2030F, USD Billion
Payments- Market Size & Forecast 2020-2030F, USD Billion
Origination & Onboarding- Market Size & Forecast 2020-2030F, USD Billion
Others
Corporate Banking
Corporate Treasury- Market Size & Forecast 2020-2030F, USD Billion
Financial Management- Market Size & Forecast 2020-2030F, USD Billion
Credit Decisioning- Market Size & Forecast 2020-2030F, USD Billion
Payments- Market Size & Forecast 2020-2030F, USD Billion
Value Added Services- Market Size & Forecast 2020-2030F, USD Billion
Others
Capital Markets

By Distribution Channel

Bank Channel- Market Size & Forecast 2020-2030F, USD Billion
App Market- Market Size & Forecast 2020-2030F, USD Billion
Distributors- Market Size & Forecast 2020-2030F, USD Billion
Aggregators- Market Size & Forecast 2020-2030F, USD Billion

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

? Industry Leaders: Who’s Dominating the Open Banking Market?

The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:

F5 Solutions
Revolut Ltd
Tink AB
Salesforce, Inc.
Worldline S.A.
TATA Consultancy Services Limited
Capgemini
Oracle
Finicity (Mastercard)
Jack Henry & Associates, Inc.
Finastra
Global Payments
Virtusa Corp.
Plaid Inc.

These companies are focused on health-based R&D, expansion, and functional ingredient diversification.

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? Frequently Asked Questions (FAQs)

What are the main drivers of the Open Banking market?
Which segment leads the Open Banking industry?
What regulatory challenges impact product development?
Who are the top players in the Open Banking industry?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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