Global Banking As-A-Service (BaaS) Market, By Component (Platform and Service), Type (API-based Bank-as-a-service and Cloud-based Bank-as-a-service), Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Region (North America, Latin America, Europe, Asia Pacific, Central America East and Africa) - Industry Trends and Forecast to 2030.
Global Banking As-A-Service (BaaS) Market
The Banking As-A-Service (BaaS) Market, valued at USD 2.41 Billion in 2022, is expected to reach USD 11.34 Billion by 2030, with a CAGR of 21.38% during the forecast period 2023-2030.
The term "banking-as-a-service" (BaaS) refers to the complete process where third parties, including developers, non-FinTech companies, and others, give them money so they can use and access financial services capabilities. Utilising the BaaS platform allowed these organisations to use its services without having to develop their own procedures. In order to integrate digital banking and payment services into their own products, Fintech companies and other non-banking financial organisations are given clear access to customer data, core systems, licencing, and functionality by incumbent financial organisations and service providers who use BaaS. These organisations do not hold the necessary banking regulations.
Market Drivers
The Global Banking As-A-Service (BaaS) Market is expanding at an accelerated rate due to banks' increased usage of digital transformation technology and the simplification of financial services. Additionally, the expansion of the banking-as-a-service market is positively impacted by improvements in fund transaction services across the U.S. and in various developing countries.
Impact of COVID-19
The move to digital banking has increased dramatically as a result of the COVID-19 pandemic. Prior to the pandemic, digital banking was a vital part of retail banking, but during the outbreak, customers have been moving online in much greater numbers. Nonbank organisations are increasingly offering financial services, such as lending, payments, and digital wallets or bank accounts. Accepting embedded funding from nonbanks aims to keep customers, giving the sector a positive outlook that is good for its expansion.
Market Segmentation
Global Banking As-A-Service (BaaS) Market is segmented into Component, Type, and Enterprise Size. On the basis of Component, Global Banking As-A-Service (BaaS) Market is segmented into Platform and Service. On the basis of Type, Global Banking As-A-Service (BaaS) Market is segmented into API-based Bank-as-a-service and Cloud-based Bank-as-a-service. On the basis of Enterprise Size, Global Banking As-A-Service (BaaS) Market is segmented into Large Enterprises and Small & Medium Enterprises.
Regional Analysis
Global Banking As-A-Service (BaaS) Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Global Banking As-A-Service (BaaS) Market is dominated by North America. Large R&D expenditures are being made in the region to develop banking industry automation and financial solutions.
Key Players
Various key players are listed in this report such as Bnkbl Ltd, Banco Bilbao Vizcaya Argentaria, ClearBank Ltd., Green Dot., MatchMove Pay Pte Ltd, Project Imagine Ltd, Solarisbank AG., Starling Bank, Square, Inc., and Treasury Prime.
Key Market Development
• In order to offer safe open finance solutions to GO2 bank customers, Green Dot Corporation announced on March 15, 2022 that it is collaborating with Plaid, the data network driving the digital financial ecosystem. Green Dot's flagship digital bank, GO2bank, was introduced in 2021 with the goal of empowering everyone to bank conveniently, inexpensively, and with confidence.
Market Taxonomy
By Component
• Platform
• Service
By Type
• API-based Bank-as-a-service
• Cloud-based Bank-as-a-service
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises
By Region
• North America
• U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Banking As-A-Service (BaaS) Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Banking As-A-Service (BaaS) Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Banking As-A-Service (BaaS) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Banking As-A-Service (BaaS) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Banking As-A-Service (BaaS) Market Share Analysis, By Type
5.3 Banking As-A-Service (BaaS) Market Size and Forecast, By Type
5.3.1 API-based Bank-as-a-service
5.3.2 Cloud-based Bank-as-a-service
6 Banking As-A-Service (BaaS) Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Banking As-A-Service (BaaS) Market Share Analysis, By Component
6.3 Banking As-A-Service (BaaS) Market Size and Forecast, By Component
6.3.1 Platform
6.3.2 Service
7 Banking As-A-Service (BaaS) Market, By Enterprise Size
7.1 Y-o-Y Growth Comparison, By Enterprise Size
7.2 Banking As-A-Service (BaaS) Market Share Analysis, By Enterprise Size
7.3 Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
7.3.1 Large Enterprises
7.3.2 Small & Medium Enterprises
8 Banking As-A-Service (BaaS) Market, By Region
8.1 Banking As-A-Service (BaaS) Market Share Analysis, By Region
8.2 Banking As-A-Service (BaaS) Market Share Analysis, By Region
8.3 Banking As-A-Service (BaaS) Market Size and Forecast, By Region
9 North America Banking As-A-Service (BaaS) Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Banking As-A-Service (BaaS) Market Share Analysis, By Type
9.3 North America Banking As-A-Service (BaaS) Market Size and Forecast, By Component
9.4 North America Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
9.5 North America Banking As-A-Service (BaaS) Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Component
9.5.1.3 Market Size and Forecast, By Enterprise Size
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Component
9.5.2.3 Market Size and Forecast, By Enterprise Size
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Component
9.5.3.3 Market Size and Forecast, By Enterprise Size
10 Europe Banking As-A-Service (BaaS) Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Banking As-A-Service (BaaS) Market Share Analysis, By Type
10.3 Europe Banking As-A-Service (BaaS) Market Size and Forecast, By Component
10.4 Europe Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
10.5 Europe Banking As-A-Service (BaaS) Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Component
10.5.1.3 Market Size and Forecast, By Enterprise Size
10.5.2 France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Component
10.5.2.3 Market Size and Forecast, By Enterprise Size
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Component
10.5.3.3 Market Size and Forecast, By Enterprise Size10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Component
10.5.4.3 Market Size and Forecast, By Enterprise Size
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Component
10.5.5.3 Market Size and Forecast, By Enterprise Size
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Component
10.5.6.3 Market Size and Forecast, By Enterprise Size
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Component
10.5.7.3 Market Size and Forecast, By Enterprise Size
11 Asia Pacific Banking As-A-Service (BaaS) Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Banking As-A-Service (BaaS) Market Share Analysis, By Type
11.3 Asia Pacific Banking As-A-Service (BaaS) Market Size and Forecast, By Component
11.4 Asia Pacific Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
11.5 Asia Pacific Banking As-A-Service (BaaS) Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Component
11.5.1.3 Market Size and Forecast, By Enterprise Size
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Component
11.5.2.3 Market Size and Forecast, By Enterprise Size
11.5.3 India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Component
11.5.3.3 Market Size and Forecast, By Enterprise Size
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Component
11.5.4.3 Market Size and Forecast, By Enterprise Size
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Component
11.5.5.3 Market Size and Forecast, By Enterprise Size
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Component
11.5.6.3 Market Size and Forecast, By Enterprise Size
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Component
11.5.7.3 Market Size and Forecast, By Enterprise Size
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Component
11.5.8.3 Market Size and Forecast, By Enterprise Size
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Component
11.5.9.3 Market Size and Forecast, By Enterprise Size
12 Latin America Banking As-A-Service (BaaS) Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Banking As-A-Service (BaaS) Market Share Analysis, By Type
12.3 Latin America Banking As-A-Service (BaaS) Market Size and Forecast, By Component
12.4 Latin America Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
12.4 Latin America Banking As-A-Service (BaaS) Market Size and Forecast, Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Component
12.5.1.3 Market Size and Forecast, By Enterprise Size
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Component
12.5.2.3 Market Size and Forecast, By Enterprise Size
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Component
12.5.3.3 Market Size and Forecast, By Enterprise Size
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Component
12.5.4.3 Market Size and Forecast, By Enterprise Size
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Component
12.5.5.3 Market Size and Forecast, By Enterprise Size
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Component
12.5.6.3 Market Size and Forecast, By Enterprise Size
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Component
12.5.7.3 Market Size and Forecast, By Enterprise Size
13 Middle East Banking As-A-Service (BaaS) Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Banking As-A-Service (BaaS) Market Share Analysis, By Type
13.3 Middle East Banking As-A-Service (BaaS) Market Size and Forecast, By Component
13.4 Middle East Banking As-A-Service (BaaS) Market Size and Forecast, By Enterprise Size
13.5 Middle East Banking As-A-Service (BaaS) Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Component
13.5.1.3 Market Size and Forecast, By Enterprise Size
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Component
13.5.2.3 Market Size and Forecast, By Enterprise Size
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Component
13.5.3.3 Market Size and Forecast, By Enterprise Size
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Component
13.5.4.3 Market Size and Forecast, By Enterprise Size
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Component
13.5.5.3 Market Size and Forecast, By Enterprise Size
13.5.6 Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Component
13.5.6.3 Market Size and Forecast, By Enterprise Size
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Bnkbl Ltd
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Banco Bilbao Vizcaya Argentaria
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 ClearBank Ltd.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Green Dot
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 MatchMove Pay Pte Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Project Imagine Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Solarisbank AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Starling Bank
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Square, Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Treasury Prime
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
