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Home / Report / Banking-as-a-Service (BaaS) Platform Market
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Banking-as-a-Service (BaaS) Platform Market By Solution (Banking as
a Service Platform, Banking as a Service APIs, Services), Enterprise
Size (Small & Mid-sized Organizations, Large Organizations), End User
(Banks, FinTech Corporations, Investment Firms) & Region - Forecast
to 2021 - 2031
Banking-as-a-Service (BaaS) Platform Market - Analysis, Outlook, Growth, Trends, Forecasts
October 2021 | REP-GB-13992 |
323 pages
|
Technology
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Banking-as-a-Service (BaaS) Platform
Industry Snapshot
[323 Pages] The banking-as-a-service (BaaS) platform
market revenue totaled ~US$ 2.5 Bn in 2020, according to
Future Market Insights (FMI). The overall market is expected to
reach ~US$ 12.2 Bn by 2031, growing at a CAGR of 15.7% for
2021 – 31.
The banking-as-a-service (BaaS) platform market growth will
continue to accelerate, increasing competition prevalent in the
market. FMI has forecast the top 5 providers to account for
around 48.0% of total market in 2020.
Base year (2020) Market Value
US$ 2.5 Bn
Projected year (2031) Market Value
US$ 12.2 Bn
CAGR% (2021-2031)
15.70%
2016-2020 Banking-as-a-Service (BaaS)
Platform Demand Outlook Compared to
2021-2031 Forecast
BaaS Market is an end-to-end model that allows digital banks
and other third parties to connect with banks’ systems directly
via APIs so they can build banking offerings on top of the
providers’ regulated infrastructure, as well as unlock the open
banking opportunity, reshaping the global financial services
landscape.
A number of countries have already begun introducing open
banking regulations, indicating that the financial services
industry is moving toward an era where shared data and
infrastructure will become consumers’ new expectations.
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