Global Open Banking Market Size & Outlook, 2023-2030
The open banking industry worldwide is expected to reach a projected revenue of US$ 135,173.8 million by 2030. A compound annual growth rate of 27.2% is expected of the worldwide open banking industry from 2024 to 2030.
Revenue, 2023 (US$M)
$25,137.1
Forecast, 2030 (US$M)
$135,173.8
CAGR, 2024 - 2030
27.2%
Report Coverage
Worldwide
Global open banking market, 2017-2030 (US$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 segmentation & 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.
Partial client list
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)
Related regional statistics
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