PUBLISHER: KBV Research | PRODUCT CODE: 1335989
PUBLISHER: KBV Research | PRODUCT CODE: 1335989
LAMEA API Banking Market Size, Share & Industry Trends Analysis Report By Component (Solution and Service), By Deployment (On-premise and Cloud), By Enterprise Size, By Country and Growth Forecast, 2023 - 2030
The Latin America, Middle East and Africa API Banking Market would witness market growth of 31.0% CAGR during the forecast period (2023-2030).
The introduction of APIs has increased market competition, which has benefited customers. Due to this, the financial industry's prices are decreasing relative to the multitude of services offered. For instance, users can use aggregators of financial services to compare offers from banks and other institutions. Additionally, they now have access to facilities that were previously only available in branches.
API in banking is expanding its product portfolio by enabling them to offer complementary products, like insurance or products co-created with its partners and financial technology and innovation firms. This portfolio expansion is feasible due to the adaptability of APIs that connect to diverse frameworks and facilitate exchange between businesses and industries.
The accelerated digital transformation of the banking and financial services sector is a significant force propelling the API banking industry. Banks increasingly employ API to facilitate seamless integration with third-party applications, enabling them to provide innovative digital services and improve customer experience. Additionally, open banking regulations drive the adoption of API banking. These regulations require banks to expose their consumer data and payment infrastructure via APIs, which promotes competition, innovation, and collaboration among traditional banks and FinTech companies. In addition, enhanced customer experience accelerated market growth significantly. API permits banks to offer customized and individualized services to their consumers.
The Central Bank of Brazil is developing an open banking architecture enabling consumers to grant access to their financial data to banks, digital banks, and fintech companies offering enticing services. The National Bank of Rwanda has codified the method for mining and analyzing customer data, and the financial technology market in Rwanda is expanding. In Nigeria, API standards for use with bill payments, ATMs, direct debit, transaction histories, and other scenarios are being developed. In light of these factors, the market in LAMEA is anticipated to grow.
The Brazil market dominated the LAMEA API Banking Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,078.1 million by 2030. The Argentina market is showcasing a CAGR of 31.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 30.6% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Service. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), BankProv (PROVIDENT BANCORP, INC.), TIBCO (The Information Bus Company) Software. Inc., FidyPay (Jambopay Express Pvt Ltd), Oracle Corporation, Razorpay Software Private Limited, Infosys Limited, IBM Corporation, SAP SE and Salesforce, Inc
Scope of the Study
Market Segments covered in the Report:
By Component
- Solution
- Service
By Deployment
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Google LLC (Alphabet Inc.)
- BankProv (PROVIDENT BANCORP, INC.)
- TIBCO (The Information Bus Company) Software. Inc.
- FidyPay (Jambopay Express Pvt Ltd)
- Oracle Corporation
- Razorpay Software Private Limited
- Infosys Limited
- IBM Corporation
- SAP SE
- Salesforce, Inc.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA API Banking Market, by Component
- 1.4.2 LAMEA API Banking Market, by Deployment
- 1.4.3 LAMEA API Banking Market, by Enterprise Size
- 1.4.4 LAMEA API Banking Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Trials and Approvals:
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Feb - 2023, Feb) Leading Players
- 4.5 Porter's Five Forces Analysis
Chapter 5. LAMEA API Banking Market by Component
- 5.1 LAMEA Solution Market by Country
- 5.2 LAMEA Service Market by Country
Chapter 6. LAMEA API Banking Market by Deployment
- 6.1 LAMEA On-premise Market by Country
- 6.2 LAMEA Cloud Market by Country
Chapter 7. LAMEA API Banking Market by Enterprise Size
- 7.1 LAMEA Large Enterprises Market by Country
- 7.2 LAMEA Small & Medium-sized Enterprises Market by Country
Chapter 8. LAMEA API Banking Market by Country
- 8.1 Brazil API Banking Market
- 8.1.1 Brazil API Banking Market by Component
- 8.1.2 Brazil API Banking Market by Deployment
- 8.1.3 Brazil API Banking Market by Enterprise Size
- 8.2 Argentina API Banking Market
- 8.2.1 Argentina API Banking Market by Component
- 8.2.2 Argentina API Banking Market by Deployment
- 8.2.3 Argentina API Banking Market by Enterprise Size
- 8.3 UAE API Banking Market
- 8.3.1 UAE API Banking Market by Component
- 8.3.2 UAE API Banking Market by Deployment
- 8.3.3 UAE API Banking Market by Enterprise Size
- 8.4 Saudi Arabia API Banking Market
- 8.4.1 Saudi Arabia API Banking Market by Component
- 8.4.2 Saudi Arabia API Banking Market by Deployment
- 8.4.3 Saudi Arabia API Banking Market by Enterprise Size
- 8.5 South Africa API Banking Market
- 8.5.1 South Africa API Banking Market by Component
- 8.5.2 South Africa API Banking Market by Deployment
- 8.5.3 South Africa API Banking Market by Enterprise Size
- 8.6 Nigeria API Banking Market
- 8.6.1 Nigeria API Banking Market by Component
- 8.6.2 Nigeria API Banking Market by Deployment
- 8.6.3 Nigeria API Banking Market by Enterprise Size
- 8.7 Rest of LAMEA API Banking Market
- 8.7.1 Rest of LAMEA API Banking Market by Component
- 8.7.2 Rest of LAMEA API Banking Market by Deployment
- 8.7.3 Rest of LAMEA API Banking Market by Enterprise Size
Chapter 9. Company Profiles
- 9.1 BankProv (Provident Bancorp, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Recent strategies and developments:
- 9.1.3.1 Partnerships, Collaborations, and Agreements:
- 9.1.4 SWOT Analysis
- 9.2 Razorpay Software Private Limited
- 9.2.1 Company Overview
- 9.2.2 Recent strategies and developments:
- 9.2.2.1 Product Launches and Product Expansions:
- 9.2.2.2 Acquisition and Mergers:
- 9.2.2.3 Trials and Approvals:
- 9.2.3 SWOT Analysis
- 9.3 Jambopay Express Pvt Ltd
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
- 9.3.2.1 Partnerships, Collaborations, and Agreements:
- 9.4 Google LLC (Alphabet Inc.)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Tibco Software, Inc. (Vista Equity Partners)
- 9.5.1 Company Overview
- 9.6 Oracle Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Infosys Limited
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 IBM Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 SAP SE
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 SWOT Analysis
- 9.10. Salesforce, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expense
LIST OF TABLES
- TABLE 1 LAMEA API Banking Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA API Banking Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- API Banking Market
- TABLE 4 Product Launches And Product Expansions- API Banking Market
- TABLE 5 Acquisition and Mergers- API Banking Market
- TABLE 6 Trials and Approvals - API Banking Market
- TABLE 7 LAMEA API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 8 LAMEA API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 9 LAMEA Solution Market by Country, 2019 - 2022, USD Million
- TABLE 10 LAMEA Solution Market by Country, 2023 - 2030, USD Million
- TABLE 11 LAMEA Service Market by Country, 2019 - 2022, USD Million
- TABLE 12 LAMEA Service Market by Country, 2023 - 2030, USD Million
- TABLE 13 LAMEA API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 14 LAMEA API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 15 LAMEA On-premise Market by Country, 2019 - 2022, USD Million
- TABLE 16 LAMEA On-premise Market by Country, 2023 - 2030, USD Million
- TABLE 17 LAMEA Cloud Market by Country, 2019 - 2022, USD Million
- TABLE 18 LAMEA Cloud Market by Country, 2023 - 2030, USD Million
- TABLE 19 LAMEA API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 20 LAMEA API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 21 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 22 LAMEA Large Enterprises Market by Country, 2023 - 2030, USD Million
- TABLE 23 LAMEA Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 24 LAMEA Small & Medium-sized Enterprises Market by Country, 2023 - 2030, USD Million
- TABLE 25 LAMEA API Banking Market by Country, 2019 - 2022, USD Million
- TABLE 26 LAMEA API Banking Market by Country, 2023 - 2030, USD Million
- TABLE 27 Brazil API Banking Market, 2019 - 2022, USD Million
- TABLE 28 Brazil API Banking Market, 2023 - 2030, USD Million
- TABLE 29 Brazil API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 30 Brazil API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 31 Brazil API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 32 Brazil API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 33 Brazil API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 34 Brazil API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 35 Argentina API Banking Market, 2019 - 2022, USD Million
- TABLE 36 Argentina API Banking Market, 2023 - 2030, USD Million
- TABLE 37 Argentina API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 38 Argentina API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 39 Argentina API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 40 Argentina API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 41 Argentina API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 42 Argentina API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 43 UAE API Banking Market, 2019 - 2022, USD Million
- TABLE 44 UAE API Banking Market, 2023 - 2030, USD Million
- TABLE 45 UAE API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 46 UAE API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 47 UAE API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 48 UAE API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 49 UAE API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 50 UAE API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 51 Saudi Arabia API Banking Market, 2019 - 2022, USD Million
- TABLE 52 Saudi Arabia API Banking Market, 2023 - 2030, USD Million
- TABLE 53 Saudi Arabia API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 54 Saudi Arabia API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 55 Saudi Arabia API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 56 Saudi Arabia API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 57 Saudi Arabia API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 58 Saudi Arabia API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 59 South Africa API Banking Market, 2019 - 2022, USD Million
- TABLE 60 South Africa API Banking Market, 2023 - 2030, USD Million
- TABLE 61 South Africa API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 62 South Africa API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 63 South Africa API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 64 South Africa API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 65 South Africa API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 66 South Africa API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 67 Nigeria API Banking Market, 2019 - 2022, USD Million
- TABLE 68 Nigeria API Banking Market, 2023 - 2030, USD Million
- TABLE 69 Nigeria API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 70 Nigeria API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 71 Nigeria API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 72 Nigeria API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 73 Nigeria API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 74 Nigeria API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 75 Rest of LAMEA API Banking Market, 2019 - 2022, USD Million
- TABLE 76 Rest of LAMEA API Banking Market, 2023 - 2030, USD Million
- TABLE 77 Rest of LAMEA API Banking Market by Component, 2019 - 2022, USD Million
- TABLE 78 Rest of LAMEA API Banking Market by Component, 2023 - 2030, USD Million
- TABLE 79 Rest of LAMEA API Banking Market by Deployment, 2019 - 2022, USD Million
- TABLE 80 Rest of LAMEA API Banking Market by Deployment, 2023 - 2030, USD Million
- TABLE 81 Rest of LAMEA API Banking Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 82 Rest of LAMEA API Banking Market by Enterprise Size, 2023 - 2030, USD Million
- TABLE 83 Key Information - BankProv
- TABLE 84 Key Information - Razorpay Software Private Limited
- TABLE 85 Key Information - Jambopay Express Pvt Ltd
- TABLE 86 Key Information - Google LLC
- TABLE 87 Key Information - Tibco Software, Inc.
- TABLE 88 Key Information - Oracle Corporation
- TABLE 89 Key Information - Infosys Limited
- TABLE 90 Key Information - IBM Corporation
- TABLE 91 Key Information - SAP SE
- TABLE 92 Key Information - Salesforce, Inc.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 LAMEA API Banking Market, 2019 - 2030, USD Million
- FIG 3 Key Factors Impacting API Banking Market
- FIG 4 KBV Cardinal Matrix
- FIG 5 Market Share Analysis, 2022
- FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
- FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2021, Feb - 2023, Feb) Leading Players
- FIG 8 Porter's Five Forces Analysis - API Banking Market
- FIG 9 LAMEA API Banking Market share by Component, 2022
- FIG 10 LAMEA API Banking Market share by Component, 2030
- FIG 11 LAMEA API Banking Market by Component, 2019 - 2030, USD Million
- FIG 12 LAMEA API Banking Market share by Deployment, 2022
- FIG 13 LAMEA API Banking Market share by Deployment, 2030
- FIG 14 LAMEA API Banking Market by Deployment, 2019 - 2030, USD Million
- FIG 15 LAMEA API Banking Market share by Enterprise Size, 2022
- FIG 16 LAMEA API Banking Market share by Enterprise Size, 2030
- FIG 17 LAMEA API Banking Market by Enterprise Size, 2019 - 2030, USD Million
- FIG 18 LAMEA API Banking Market share by Country, 2022
- FIG 19 LAMEA API Banking Market share by Country, 2030
- FIG 20 LAMEA API Banking Market by Country, 2019 - 2030, USD Million
- FIG 21 SWOT Analysis: BankProv
- FIG 22 Recent strategies and developments: Razorpay Software Private Limited
- FIG 23 SWOT Analysis: Razorpay Software Private Limited
- FIG 24 SWOT Analysis: Google LLC. (Alphabet Inc)
- FIG 25 SWOT Analysis: Oracle Corporation
- FIG 26 SWOT Analysis: Infosys Limited
- FIG 27 Recent strategies and developments: IBM corporation
- FIG 28 Swot Analysis: IBM Corporation
- FIG 29 SWOT Analysis: SAP SE
- FIG 30 SWOT Analysis: Salesforce.com, Inc.
