The Open Banking Global Market Report 2021-31 by The Business Research Company describes and explains the global open banking market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Open Banking Global Market Report 2022 covers open banking market drivers, open banking market trends, open banking market segments, open banking market growth rate, open banking market major players, and open banking market size.
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The open banking market report provides in-depth analysis of the impact of COVID-19 on the global open banking industry along with revised market numbers due to the effects of the coronavirus and the expected open banking market growth numbers for 2022-2031.
The global open banking market size is expected to grow from $15.13 billion in 2021 to $19.14 billion in 2022 at a compound annual growth rate (CAGR) of 26.5%. The global open banking market share is expected to grow to $48.13 billion in 2026 at a CAGR of 25.9%.
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Open Banking Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the open banking market segments-
1) By Service Type: Transactional Services, Communicative Services, Information Services
2) By Financial Services: Bank and Capital Markets, Payments, Digital Currencies, Value Added Services
3) By Deployment Type: Cloud, On-Premises, Hybrid
4) By Distribution Channel: Bank Channels, App Market, Distributors, Aggregators
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