API Banking Market Size, Trends and Insights By Application (Personal Banking, Corporate Banking, Wealth Management, Others), By Type (Account Information and Payment Initiation, Customer Information, Transaction Processing, Others), By Deployment Model (Cloud-based, On-Premises), By Organization Size (Large Enterprises, SMEs), By Industry (Banking, Insurance, Healthcare, Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- BBVA
- Capital One
- Citibank
- Deutsche Bank
- HSBC
- JPMorgan Chase
- Others
Reports Description
The Global API Banking Market was estimated at USD 3.5 billion in 2023 and is anticipated to reach around USD 17.5 billion by 2032, growing at a CAGR of roughly 23% between 2023 and 2032.
CMI research report offers a 360-degree view of the API Banking market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the API Banking market.
Growth Factors
- Partnership and collaborations: Many players in the API banking market are forming partnerships and collaborations with fintech companies, technology providers, and other financial institutions to expand their reach and offer new services.
- API Platforms: Banks are building API platforms for their internal and external developers to build and test their applications.
- API Security: Banks are implementing strict security measures to protect their customers’ data and prevent unauthorized access to the API
- API Monetization: Banks are creating new revenue streams by monetizing their APIs through various models such as per-transaction, subscription, and revenue sharing.
- API Cataloging: Banks are cataloging their APIs to make it easy for developers to discover and use them.
- API Governance: Banks are implementing API governance to ensure compliance with regulations & security and maintain the API’s quality.
- Open Banking: Banks are complying with open banking regulations to provide access to customer account information and payments to third-party providers
- Digitalization: Banks are digitizing their operations to improve customer experience and increase efficiency.
- Investing in research and development: Banks are investing in research and development to continuously innovate and improve their API offerings.
Report Scope
The global API Banking market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by application, type, deployment model, organization size, industry, and geography.
| Feature of the Report | Details |
| Market Size in 2023 | USD 4.9 Billion |
| Projected Market Size in 2032 | USD 17.5 Billion |
| Market Size in 2022 | USD 3.5 Billion |
| CAGR Growth Rate | 23% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, Type, Deployment Model, Organization Size, Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- Growing demand for financial data and services: The increasing demand for financial data and services from individuals, businesses, and other organizations is driving the growth of the API banking market.
- Increase in open banking and fintech: The growing popularity of open banking and fintech is driving the use of APIs in the banking industry, as these technologies rely on APIs to access financial data and services.
- Digitalization: The increasing digitization of banking operations is driving the use of APIs, enabling banks to provide customers with digital services such as online and mobile banking.
- Government regulations: Government regulations such as the revised Payment Services Directive (PSD2) in Europe, which promotes open banking, are driving the adoption of APIs in the banking industry.
- Cost-effective solutions: Banks can reduce costs by using APIs to automate certain processes and reduce the need for manual labor.
- Improved customer experience: Banks can use APIs to improve customer experience by providing personalized services and quick access to financial information.
- Increased competition: The increased competition among banks and fintech companies is driving the adoption of APIs to create new services and improve existing ones.
- Technological advancements: Advancements in technology, such as cloud computing and big data analytics, are driving the use of APIs in the banking industry, as they enable banks to process and analyze large amounts of data.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
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API Banking Market |
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CAGR 23% (Approx) |
CAGR 14.7% (Approx) |
CAGR 27% (Approx) |
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US$ 17.5 billion by 2032 |
US$ 16.1 Billion by 2030 |
USD 782.91 Billion by 2032 |
North America Led the API Banking Market in 2022
- Presence of major players: The region has many major players in the banking and fintech industries, which are at the forefront of API banking innovation.
- Early adoption of digital banking solutions: North America has a history of early adoption of digital banking solutions, which has led to a higher demand for API banking services.
- Government regulations: Government regulations in the region promote open banking and the use of APIs in the banking industry, driving the API banking market growth.
- High IT spending: North America has high IT spending, enabling banks to invest in developing and implementing API banking solutions.
- High disposable income: The region has a high disposable income, which enables customers to adopt digital banking solutions and services more readily.
Competitive Landscape
The API banking market is highly competitive, with a large number of players operating in the market. Partnerships, collaborations, mergers and acquisitions, and new product launches and developments characterize the market’s competitive landscape.
Partnerships and collaborations: Many players in the market are forming partnerships and collaborations with fintech companies, technology providers, and other financial institutions to expand their reach and offer new services.
Mergers and acquisitions: Companies in the market are engaging in mergers and acquisitions to expand their product portfolio, increase their market share, and gain access to new customers.
New product launches and developments: Companies in the market are continuously launching new products and services to stay ahead of the competition and meet customers’ changing needs.
The competitive landscape is expected to become more intense in the coming years as the market continues to grow and attract new players.
The competitive landscape of the API Banking industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, sites and facilities, company strengths and weaknesses, product release, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on API Banking.
- 2022: To aid with its digital transformation, TCS, a multinational corporation with headquarters in India, has teamed up with ABN Amro, a bank headquartered in the Netherlands. The Payment Services Directive, the most recent piece of European legislation, was something ABN Amro wanted to follow (PSD2). ABN Amro thinks about providing better application programming interfaces (APIs) and utilizing those of others in addition to PSD2 compliance. A cloud-based Open Banking platform was established to expedite, develop experiences outside of banking, investigate new business models, and collectively reinvent finance.
List of the prominent players in the global API Banking market:
- BBVA
- Capital One
- Citibank
- Deutsche Bank
- HSBC
- JPMorgan Chase
- Mastercard
- PayPal
- Wells Fargo
- Plaid
- Yodlee
- Tink
- Others
The global API Banking market is segmented as follows:
By Application
- Personal Banking
- Corporate Banking
- Wealth Management
- Others
By Type
- Account Information and Payment Initiation
- Customer Information
- Transaction Processing
- Others
By Deployment Model
- Cloud-based
- On-Premises
By Organization Size
- Large Enterprises
- SMEs
By Industry
- Banking
- Insurance
- Healthcare
- Retail
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global API Banking Market, (2024 – 2033) (USD Billion)
- 2.2 Global API Banking Market : snapshot
- Chapter 3. Global API Banking Market – Industry Analysis
- 3.1 API Banking Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Integration of big data analytics
- 3.2.2 AI into banking systems
- 3.2.3 Adoption of digitalization.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Application
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By Deployment Model
- 3.7.4 Market attractiveness analysis By Organization Size
- 3.7.5 Market attractiveness analysis By Industry
- Chapter 4. Global API Banking Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global API Banking Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global API Banking Market – Application Analysis
- 5.1 Global API Banking Market overview: By Application
- 5.1.1 Global API Banking Market share, By Application, 2022 and – 2033
- 5.2 Personal Banking
- 5.2.1 Global API Banking Market by Personal Banking, 2024 – 2033 (USD Billion)
- 5.3 Corporate Banking
- 5.3.1 Global API Banking Market by Corporate Banking, 2024 – 2033 (USD Billion)
- 5.4 Wealth Management
- 5.4.1 Global API Banking Market by Wealth Management , 2024 – 2033 (USD Billion)
- 5.5 Others
- 5.5.1 Global API Banking Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global API Banking Market overview: By Application
- Chapter 6. Global API Banking Market – Type Analysis
- 6.1 Global API Banking Market overview: By Type
- 6.1.1 Global API Banking Market share, By Type, 2022 and – 2033
- 6.2 Account Information and Payment Initiation
- 6.2.1 Global API Banking Market by Account Information and Payment Initiation, 2024 – 2033 (USD Billion)
- 6.3 Customer Information
- 6.3.1 Global API Banking Market by Customer Information, 2024 – 2033 (USD Billion)
- 6.4 Transaction Processing
- 6.4.1 Global API Banking Market by Transaction Processing, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global API Banking Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global API Banking Market overview: By Type
- Chapter 7. Global API Banking Market – Deployment Model Analysis
- 7.1 Global API Banking Market overview: By Deployment Model
- 7.1.1 Global API Banking Market share, By Deployment Model, 2022 and – 2033
- 7.2 Cloud-based
- 7.2.1 Global API Banking Market by Cloud-based, 2024 – 2033 (USD Billion)
- 7.3 On-Premises
- 7.3.1 Global API Banking Market by On-Premises, 2024 – 2033 (USD Billion)
- 7.1 Global API Banking Market overview: By Deployment Model
- Chapter 8. Global API Banking Market – Organization Size Analysis
- 8.1 Global API Banking Market overview: By Organization Size
- 8.1.1 Global API Banking Market share, By Organization Size, 2022 and – 2033
- 8.2 Large Enterprises
- 8.2.1 Global API Banking Market by Large Enterprises, 2024 – 2033 (USD Billion)
- 8.3 SMEs
- 8.3.1 Global API Banking Market by SMEs, 2024 – 2033 (USD Billion)
- 8.1 Global API Banking Market overview: By Organization Size
- Chapter 9. Global API Banking Market – Industry Analysis
- 9.1 Global API Banking Market overview: By Industry
- 9.1.1 Global API Banking Market share, By Industry, 2022 and – 2033
- 9.2 Banking
- 9.2.1 Global API Banking Market by Banking, 2024 – 2033 (USD Billion)
- 9.3 Insurance
- 9.3.1 Global API Banking Market by Insurance, 2024 – 2033 (USD Billion)
- 9.4 Healthcare
- 9.4.1 Global API Banking Market by Healthcare, 2024 – 2033 (USD Billion)
- 9.5 Retail
- 9.5.1 Global API Banking Market by Retail, 2024 – 2033 (USD Billion)
- 9.6 Others
- 9.6.1 Global API Banking Market by Others, 2024 – 2033 (USD Billion)
- 9.1 Global API Banking Market overview: By Industry
- Chapter 10. API Banks Market – Regional Analysis
- 10.1 Global API Banks Market Regional Overview
- 10.2 Global API Banks Market Share, by Region, 2022 & – 2033 (USD Billion)
- 10.3. North America
- 10.3.1 North America API Banks Market, 2024 – 2033 (USD Billion)
- 10.3.1.1 North America API Banks Market, by Country, 2024 – 2033 (USD Billion)
- 10.3.1 North America API Banks Market, 2024 – 2033 (USD Billion)
- 10.4 North America API Banks Market, by Application, 2024 – 2033
- 10.4.1 North America API Banks Market, by Application, 2024 – 2033 (USD Billion)
- 10.5 North America API Banks Market, by Type, 2024 – 2033
- 10.5.1 North America API Banks Market, by Type, 2024 – 2033 (USD Billion)
- 10.6 North America API Banks Market, by Deployment Model, 2024 – 2033
- 10.6.1 North America API Banks Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 10.7 North America API Banks Market, by Organization Size, 2024 – 2033
- 10.7.1 North America API Banks Market, by Organization Size, 2024 – 2033 (USD Billion)
- 10.8 North America API Banks Market, by Industry, 2024 – 2033
- 10.8.1 North America API Banks Market, by Industry, 2024 – 2033 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe API Banks Market, 2024 – 2033 (USD Billion)
- 10.9.1.1 Europe API Banks Market, by Country, 2024 – 2033 (USD Billion)
- 10.9.1 Europe API Banks Market, 2024 – 2033 (USD Billion)
- 10.10 Europe API Banks Market, by Application, 2024 – 2033
- 10.10.1 Europe API Banks Market, by Application, 2024 – 2033 (USD Billion)
- 10.11 Europe API Banks Market, by Type, 2024 – 2033
- 10.11.1 Europe API Banks Market, by Type, 2024 – 2033 (USD Billion)
- 10.12 Europe API Banks Market, by Deployment Model, 2024 – 2033
- 10.12.1 Europe API Banks Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 10.13 Europe API Banks Market, by Organization Size, 2024 – 2033
- 10.13.1 Europe API Banks Market, by Organization Size, 2024 – 2033 (USD Billion)
- 10.14 Europe API Banks Market, by Industry, 2024 – 2033
- 10.14.1 Europe API Banks Market, by Industry, 2024 – 2033 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific API Banks Market, 2024 – 2033 (USD Billion)
- 10.15.1.1 Asia Pacific API Banks Market, by Country, 2024 – 2033 (USD Billion)
- 10.15.1 Asia Pacific API Banks Market, 2024 – 2033 (USD Billion)
- 10.16 Asia Pacific API Banks Market, by Application, 2024 – 2033
- 10.16.1 Asia Pacific API Banks Market, by Application, 2024 – 2033 (USD Billion)
- 10.17 Asia Pacific API Banks Market, by Type, 2024 – 2033
- 10.17.1 Asia Pacific API Banks Market, by Type, 2024 – 2033 (USD Billion)
- 10.18 Asia Pacific API Banks Market, by Deployment Model, 2024 – 2033
- 10.18.1 Asia Pacific API Banks Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 10.19 Asia Pacific API Banks Market, by Organization Size, 2024 – 2033
- 10.19.1 Asia Pacific API Banks Market, by Organization Size, 2024 – 2033 (USD Billion)
- 10.20 Asia Pacific API Banks Market, by Industry, 2024 – 2033
- 10.20.1 Asia Pacific API Banks Market, by Industry, 2024 – 2033 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America API Banks Market, 2024 – 2033 (USD Billion)
- 10.21.1.1 Latin America API Banks Market, by Country, 2024 – 2033 (USD Billion)
- 10.21.1 Latin America API Banks Market, 2024 – 2033 (USD Billion)
- 10.22 Latin America API Banks Market, by Application, 2024 – 2033
- 10.22.1 Latin America API Banks Market, by Application, 2024 – 2033 (USD Billion)
- 10.23 Latin America API Banks Market, by Type, 2024 – 2033
- 10.23.1 Latin America API Banks Market, by Type, 2024 – 2033 (USD Billion)
- 10.24 Latin America API Banks Market, by Deployment Model, 2024 – 2033
- 10.24.1 Latin America API Banks Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 10.25 Latin America API Banks Market, by Organization Size, 2024 – 2033
- 10.25.1 Latin America API Banks Market, by Organization Size, 2024 – 2033 (USD Billion)
- 10.26 Latin America API Banks Market, by Industry, 2024 – 2033
- 10.26.1 Latin America API Banks Market, by Industry, 2024 – 2033 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa API Banks Market, 2024 – 2033 (USD Billion)
- 10.27.1.1 The Middle-East and Africa API Banks Market, by Country, 2024 – 2033 (USD Billion)
- 10.27.1 The Middle-East and Africa API Banks Market, 2024 – 2033 (USD Billion)
- 10.28 The Middle-East and Africa API Banks Market, by Application, 2024 – 2033
- 10.28.1 The Middle-East and Africa API Banks Market, by Application, 2024 – 2033 (USD Billion)
- 10.29 The Middle-East and Africa API Banks Market, by Type, 2024 – 2033
- 10.29.1 The Middle-East and Africa API Banks Market, by Type, 2024 – 2033 (USD Billion)
- 10.30 The Middle-East and Africa API Banks Market, by Deployment Model, 2024 – 2033
- 10.30.1 The Middle-East and Africa API Banks Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 10.31 The Middle-East and Africa API Banks Market, by Organization Size, 2024 – 2033
- 10.31.1 The Middle-East and Africa API Banks Market, by Organization Size, 2024 – 2033 (USD Billion)
- 10.32 The Middle-East and Africa API Banks Market, by Industry, 2024 – 2033
- 10.32.1 The Middle-East and Africa API Banks Market, by Industry, 2024 – 2033 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 BBVA
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Capital One
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Citibank
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Deutsche Bank
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 HSBC
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 JPMorgan Chase
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Mastercard
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 PayPal
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Wells Fargo
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Plaid
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Yodlee
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 Tink
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 Others
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.1 BBVA
List Of Figures
Figures No 1 to 37
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players
- BBVA
- Capital One
- Citibank
- Deutsche Bank
- HSBC
- JPMorgan Chase
- Mastercard
- PayPal
- Wells Fargo
- Plaid
- Yodlee
- Tink
- Others
FAQs
“North America” region will lead the Global API Banking Market during the forecast period 2023 to 2032.
The key factors driving the Market are Integration of big data analytics, AI into banking systems and Adoption of digitalization.
The key players operating in the API Banking Market are BBVA, Capital One, Citibank, Deutsche Bank, HSBC, JPMorgan Chase, Mastercard, PayPal, Wells Fargo, Plaid, Yodlee, Tink, Others.
The Global API Banking Market is expanding growth with a CAGR of approximately 23% during the forecast period (2023 to 2032).
The Global API Banking Market size was valued at USD 3.5 Billion in 2022 and it is projected to reach around USD 17.5 Billion by 2032.