Banking-as-a-service (BaaS) market participants offer an end-to-end method that enables the complete execution of a web-based financial service. This form of digital banking service is available on demand and operates on a set timetable. BaaS combines as many service providers as are needed into a single comprehensive procedure to execute a financial service in an effective and trouble-free manner. A BaaS is expected to provide specialised functionalities in addition to financial services. The services’ environment must be managed, deployed, and delivered. Naturally, the services must adhere to local banking regulations in the areas where they are provided, with (at least) one entity in the process possessing a banking licence.
Banking-as-a-Service BaaS Market Report Scope and Research Methodology:
Banking-as-a-Service BaaS Stellar Market Research’s market report is a compilation of primary and secondary data acquired through extensive research. The qualitative and quantitative data in the Banking-as-a-Service BaaS market research should help decision-makers determine which market segments and elements are driving the market. The bottom-up method was used to estimate the size of the and regional Banking-as-a-Service BaaS markets. SWOT analysis identifies the industry’s top players’ strengths and weaknesses. The MMR study contains a PESTLE analysis, which supports in the development of strategies for Banking-as-a-Service BaaS industry investors. Political considerations can assist predict how much a government will impact the Banking-as-a-Service BaaS market during the predicted timeframe. Economic variables aid in the examination of economic performance drivers that have an impact on the economy. impact on the Banking-as-a-Service BaaS market, whereas legal aspects aid in comprehending the impact of the surrounding environment and the influence of environmental concerns on the Banking-as-a-Service BaaS market. The research illuminates the competitive environment of the Banking-as-a-Service BaaS market in order to understand the competition at the local, regional, and national levels. It encompasses all of the important components, such as operational areas, production, and product portfolio.
Banking-as-a-Service BaaS Market Overview:
Stellar Market Research has released research titled Banking-as-a-Service BaaS Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the Banking-as-a-Service BaaS market, as well as its ever-changing patterns, industry environment, and other leading market elements.
Banking-as-a-Service BaaS Market size was valued at US$ 356.2 Billion in 2020 and the total Banking-as-a-Service (BaaS) revenue is expected to grow at 18.6% through 2021 to 2027, reaching nearly US$ 1175.6 Billion.
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Banking-as-a-Service BaaS Market Segmentation:
In 2020, the Cloud-based BaaS segment had a bigger share than the API-based BaaS segment. In the projection period (2021-27), it is expected to expand at the fastest CAGR of 11.2%. This can be ascribed to participants in the payments-as-a-service (PaaS) industry offering specialised services such as debit and credit card distribution and payments, dues clearing, international payments, and e-commerce services on cutting-edge cloud-based platforms.
Leading public cloud providers provide a slew of new application-as-a-service offerings that banks may utilise to enhance revenue, improve customer insights, cut costs, deliver market-relevant products swiftly and effectively, and monetize corporate data assets.
Until recently, established banks were able to defend their high compliance expenses as a cost of doing business and a barrier to entry for newcomers. However, the cloud has turned this story on its head. A new entrant can now successfully outsource many of its data compliance and security obligations to their cloud provider (while maintaining regulatory responsibilities), with lower overhead and fewer staff than traditional banks.
The API banking segment is predicted to develop at a CAGR of 9.3% in the Banking-as-a-Service (BaaS) Market during the forecast period (2021-27). This is related to API banking establishing protocols, which make various services of a bank available to various third-party organisations via APIs. API banking also enables innovators to provide the best features and services to accelerate financial services, resulting in increased competition and innovation in fintech solutions. This has resulted in something of a revolution in commercial banking.
Banking-as-a-Service BaaS Market Key Players:
Bankable
BBVA
ClearBank
Green Dot.
MatchMove Pay Pte. Ltd
Pi1
SolarisBank AG
Starling Bank
Square inc.
Treasury Prime
PayPal
Paytm Payments Bank
Fidor Bank
Moven
Currency Cloud
Treezor.
Banking-as-a-Service BaaS Market Regional Insights:
The Banking-as-a-Service BaaS market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Banking-as-a-Service BaaS Market Report are:
- What is the expected Banking-as-a-Service BaaS market size by the end of the forecast period?
- What are the Banking-as-a-Service BaaS market segments?
- Which segment in the Banking-as-a-Service BaaS market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Banking-as-a-Service BaaS market?
- What key trends are expected to emerge in the Banking-as-a-Service BaaS market during the forecast period?
- Which region dominated the Banking-as-a-Service BaaS market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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