Canada Open Banking Market Size & Outlook, 2026-2033
The open banking market in Canada is expected to reach a projected revenue of US$ 6,686.5 million by 2030. A compound annual growth rate of 29.3% is expected of Canada open banking market from 2025 to 2030.
Revenue, 2025 (US$M)
$1,446.7
Estimate, 2026 (US$M)
$2,379.3
Forecast, 2033 (US$M)
$6,686.5
CAGR, 2026 - 2033
29.3%
Canada Open Banking Market, 2021-2033 (US$M)
Global Market
Related Markets
Canada open banking market highlights
- The Canada open banking market generated a revenue of USD 1,446.7 million in 2024 and is expected to reach USD 6,686.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 29.3% from 2025 to 2030.
- In terms of segment, banking & capital markets was the largest revenue generating services in 2024.
- Payments is the most lucrative services segment registering the fastest growth during the forecast period.
Open banking market data book summary
| Market revenue in 2024 | USD 1,446.7 million |
| Market revenue in 2030 | USD 6,686.5 million |
| Growth rate | 29.3% (CAGR from 2025 to 2030) |
| Largest segment | Banking & capital markets |
| Fastest growing segment | Payments |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, Canada accounted for 4.6% of the global open banking market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. open banking market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,833.4 million by 2030.
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Publish Date: Apr 23, 2026
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Open Banking Market Scope
Open Banking Market segmentation & scope
Open Banking Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Minerals Technologies Inc | View profile | 4,027 | 622 Third Avenue, 38th Floor, New York, NY, United States, 10017-6707 | www.mineralstech.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
| Banco Bilbao Vizcaya Argentaria SA ADR | View profile | 121,563 | Calle Azul, 4, Madrid, Spain, 28050 | www.bbva.com |
| Jack Henry & Associates Inc | View profile | 7,120 | 663 Highway 60, P.O. Box 807, Monett, MO, United States, 65708 | www.jackhenry.com |
| Finastra | View profile | 10001+ | Paddington, Westminster, United Kingdom, Europe | www.finastra.com/ |
| Credit Agricole SA | View profile | 75,125 | 12 Place des Etats-Unis, Montrouge Cedex, Paris, France, 92127 | www.credit-agricole.com |
| Demyst | View profile | 51-100 | New York, New York, United States, North America | demyst.com/ |
| Qwist | View profile | 51-100 | Berlin, Berlin, Germany, Europe | qwist.com |
| FormFree | View profile | 11-50 | Athens, Georgia, United States, North America | www.formfree.com/ |
| Mambu | View profile | 501-1000 | Amsterdam, Noord-Holland, The Netherlands, Europe | www.mambu.com |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Banking & Capital Markets was the largest segment with a revenue share of 57.84% in 2024.
Horizon Databook has segmented the Canada open banking market based on banking & capital markets, payments, digital currencies, value added services covering the revenue growth of each sub-segment from 2018 to 2030.
- Canada Open Banking Market Services Outlook (Revenue, USD Million , 2021-2033)
- Banking & Capital Markets
- Payments
- Digital Currencies
- Value Added Services
- Canada Open Banking Market Deployment Outlook (Revenue, USD Million , 2021-2033)
- Cloud
- On-premise
- Canada Open Banking Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- Bank Channels
- App Markets
- Distributors
- Aggregators
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Open Banking Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Open Banking Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Open Banking Market, 2021-2033 (US$M)
Canada Services - Open Banking Market Statistics, 2025 - 2033 (US$M)
