Banking-as-a-Service (BaaS) Market Size-By Component (Platform, Services), Type (API-based Banking-as-a-Service, Cloud-based Banking-as-a-Service), Enterprise Size (Large Enterprises, Small & Medium Enterprises), End Use & Forecast, 2023-2032

Description

List of Tables

Global Banking-as-a-Service (BaaS) Market will witness over 16.5% CAGR between 2023 and 2032, propelled by burgeoning partnerships and collaborations among industry leaders. As financial institutions increasingly seek innovation and agility, strategic alliances between fintech firms and traditional banks drive BaaS adoption.

For instance, in November 2023, Zil Money, a frontrunner in banking-as-a-service (BaaS), unveiled a significant partnership with the innovative Sunrise Bank. This collaboration aims to revolutionize the fintech landscape by streamlining client onboarding and enabling real-time monitoring, all while maintaining the high standards of risk management and compliance set by Sunrise Bank. This pivotal alliance is set to reshape the fintech space, introducing unmatched efficiency and upholding top-tier industry benchmarks. These collaborations facilitate enhanced customer experiences through innovative financial products and services. The surge in such alliances reflects a dynamic shift towards seamless, tech-driven banking solutions, amplifying the Banking-as-a-service (BaaS) market outlook.

The overall Banking-as-a-Service (BaaS) Market is classified based on type, end-user, and region.

API-based Banking-as-a-service (BaaS) segment will exhibit remarkable growth from 2023 to 2032. Leveraging APIs, BaaS facilitates seamless integration of banking functionalities into third-party applications, revolutionizing the way financial services are delivered and accessed. This innovation enables businesses to offer tailored financial products and services, driving customer engagement and loyalty. With its open and flexible architecture, API-based BaaS fosters rapid innovation and collaboration, empowering institutions to deliver personalized, on-demand banking experiences, reshaping the Banking-as-a-Service (BaaS) market demand.

NBFC segment will register a noteworthy CAGR from 2023 to 2032. These entities leverage BaaS to expand their service offerings, providing financial products like loans, investments, and payment solutions. By harnessing BaaS capabilities, NBFCs enhance their agility and reach, catering to diverse customer needs. This synergy allows NBFCs to bridge the gap between traditional banking and innovative fintech solutions. Empowering NBFCs to serve a broader clientele while optimizing operations through flexibility and scalability, further solidifying their contribution to the Banking-as-a-Service (BaaS) market growth.

Europe Banking-as-a-Service (BaaS) industry will showcase a commendable CAGR from 2023 to 2032. BaaS in Europe fosters collaborations between established financial institutions and agile fintech firms, leading to diverse and accessible financial solutions. This synergy fuels a customer-centric approach, offering tailored products and seamless digital experiences. With regulatory frameworks promoting innovation, Europe emerges as a hotbed for BaaS, redefining the future of banking by combining innovation, compliance, and customer-centricity in an ever-evolving financial landscape.

Product Code: 7128

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Banking-as-a-service market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Type trends
2.6 Enterprise Size trends
2.7 End-use trends

Chapter 3 Banking-as-a-service Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Level of autonomy launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising demand for digital banking services
  - 3.10.1.2 Growing popularity of embedded finance
  - 3.10.1.3 Increasing advancements in advanced technologies
  - 3.10.1.4 Popularity of open banking
  - 3.10.1.5 Rising adoption of cloud computing
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Data security and privacy concerns
  - 3.10.2.2 High development and maintenance costs
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Green Dot
- 4.3.2 Solarisbank AG
- 4.3.3 ClearBank Ltd.
- 4.3.4 Plaid
- 4.3.5 Galileo Financial Technologies
- 4.3.6 Marqeta
- 4.3.7 Railsbank
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Banking-as-a-service Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by Component
5.2 Platform
5.3 Services

Chapter 6 Banking-as-a-service Market Estimates & Forecast, By Type (Revenue)

6.1 Key trends, by Type
6.2 API-Based Banking-as-a-Service
6.3 Cloud-Based Banking-as-a-Service

Chapter 7 Banking-as-a-service Market Estimates & Forecast, By Enterprise Size (Revenue)

7.1 Key trends, by Enterprise Size
7.2 Large Enterprises
7.3 Small & Medium Enterprises

Chapter 8 Banking-as-a-service Market Estimates & Forecast, By End-use (Revenue)

8.1 Key trends, by End-use
8.2 Banks
8.3 NBFC
8.4 Others

Chapter 9 Banking-as-a-service Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Green Dot.
10.2 Square, Inc.
10.3 Solarisbank AG.
10.4 Banco Bilbao Vizcaya Argentaria
10.5 ClearBank Ltd.
10.6 MatchMove Pay Pte Ltd
10.7 Project Imagine Ltd
10.8 Bnkbl Ltd
10.9 Treasury Prime
10.10 Starling Bank
10.11 Plaid
10.12 Galileo Financial Technologies:
10.13 Marqeta
10.14 Fiserv
10.15 Sila
10.16 Mambu
10.17 Cross River Bank
10.18 Railsbank
10.19 OpenPayd