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Open Banking Systems Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028

  • Code : SMI42517
  • Pages : 145
  • Date : Sep, 2021
  • Category : Services
  • Publisher : SMI
  • Format : SMI PPT FormatSMI PDF Format



 

The latest update of “Global Open Banking Systems Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Open Banking Systems Market.

Overview of the Open Banking Systems Market:

Open banking is a banking practice that provides third-party financial service providers access to consumer banking and transaction. The benefits of open banking extend beyond improving customer service. The concept of open banking has been around for a few years, but it has only recently become a reality. With the advent of technology, financial institutions are looking for ways to increase customer convenience. The first phase of open banks outlined the fundamental requirements. The second phase involves sharing information about account transactions and financial data with third parties. This will make it possible to offer more personalized products and services and even recommend other products based on a customer's preferences.

Market Dynamics:

Initiatives to increase awareness regarding open banking is expected to propel growth of the global open banking systems market over the forecast period. For instance, in December 2021, Open Banking Europe extended its memorandum of understanding with the European Telecommunications Standards Institute to increase awareness regarding open banking. 

Significant investment in digital banking is expected to offer lucrative growth opportunities for players in the global open banking systems market. For instance, in December 2021, Arab National Bank, a banking institution in the Kingdom of Saudi Arabia, adopted Red Hat's open hybrid cloud platforms to accelerate digital banking innovation.

Latin America is expected to witness significant growth in the global open banking systems market, owing to increase awareness regarding open banking. For instance, in December 2021, the Central Bank of Brazil started the final phase of the Open Banking Initiative in Brazil. The fourth phase of the project will show the integration of services beyond basic banking services.

Key Takeaways:

  • Initiatives to increase awareness regarding open banking is expected to propel growth of the global open banking systems market over the forecast period. For instance, in December 2021, Moneyhub, an Open Data and payments platform, partnered Mutual Vision, a financial technology platform, to promote open banking in UK.
  • Major players operating in the global open banking systems market are focused on adopting partnership strategies to enhance their market share. For instance, in December 2021, Tarabut Gateway partnered with Zain Bahrain to provide the MENA’s first use case of open banking payments within a telco app.
  • Major players operating in the global open banking systems market include, IBM, Accern, JackHenry and Associates, D3 Technology, DemystData, Figo, FormFree Holdings, Malauzai Software, Mambu GmbH, and MineralTree

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Open Banking Systems Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Open Banking Systems Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • IBM
  • Accern
  • JackHenry&Associates
  • D3 Technology
  • DemystData
  • Figo
  • FormFree Holdings
  • Malauzai Software
  • Mambu GmbH
  • MineralTree

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Open Banking Systems Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Communicative Services
  • Informative Services

By Applications, the market is segmented into:

  • Financial
  • Retail
  • Other

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Open Banking Systems Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Open Banking Systems Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Open Banking Systems Market
1.6.1 How the Covid-19 is Affecting the Open Banking Systems Market
1.6.1.1 Open Banking Systems Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Open Banking Systems Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Open Banking Systems Market Perspective (2015-2028)
2.2 Open Banking Systems Market Growth Trends by Regions
2.2.1 Open Banking Systems Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Open Banking Systems Market Historic Market Share by Regions (2015-2021)
2.2.3 Open Banking Systems Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Open Banking Systems Market Growth Strategy
2.3.6 Primary Interviews with Key Open Banking Systems Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Open Banking Systems Market Players by Market Size
3.1.1 Global Top Open Banking Systems Market Players by Revenue (2015-2021)
3.1.2 Global Open Banking Systems Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Open Banking Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Open Banking Systems Market Concentration Ratio
3.2.1 Global Open Banking Systems Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Open Banking Systems Market Revenue in 2019
3.3 Open Banking Systems Market Key Players Head office and Area Served
3.4 Key Players Open Banking Systems Market Product Solution and Service
3.5 Date of entering into Open Banking Systems Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2028)

 

4.1 Global Open Banking Systems Market Historic Market Size by Type (2015-2021)
4.2 Global Open Banking Systems Market Forecasted Market Size by Type (2021-2028)

 

5 Open Banking Systems Market Breakdown Data by Application (2015-2028)

 

5.1 Global Open Banking Systems Market Size by Application (2015-2021)
5.2 Global Open Banking Systems Market Forecasted Market Size by Application (2021-2028)

 

6 North America

 

6.1 North America Open Banking Systems Market Size (2015-2021)
6.2 Open Banking Systems Market Key Players in North America (2019-2021)
6.3 North America Open Banking Systems Market Size by Type (2015-2021)
6.4 North America Open Banking Systems Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Open Banking Systems Market Size (2015-2021)
7.2 Open Banking Systems Market Key Players in Europe (2019-2021)
7.3 Europe Open Banking Systems Market Size by Type (2015-2021)
7.4 Europe Open Banking Systems Market Size by Application (2015-2021)

 

8 China

 

8.1 China Open Banking Systems Market Size (2015-2021)
8.2 Open Banking Systems Market Key Players in China (2019-2021)
8.3 China Open Banking Systems Market Size by Type (2015-2021)
8.4 China Open Banking Systems Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Open Banking Systems Market Size (2015-2021)
9.2 Open Banking Systems Market Key Players in Japan (2019-2021)
9.3 Japan Open Banking Systems Market Size by Type (2015-2021)
9.4 Japan Open Banking Systems Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Open Banking Systems Market Size (2015-2021)
10.2 Open Banking Systems Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Open Banking Systems Market Size by Type (2015-2021)
10.4 Southeast Asia Open Banking Systems Market Size by Application (2015-2021)

 

11 India

 

11.1 India Open Banking Systems Market Size (2015-2021)
11.2 Open Banking Systems Market Key Players in India (2019-2021)
11.3 India Open Banking Systems Market Size by Type (2015-2021)
11.4 India Open Banking Systems Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Open Banking Systems Market Size (2015-2021)
12.2 Open Banking Systems Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Open Banking Systems Market Size by Type (2015-2021)
12.4 Central & South America Open Banking Systems Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Open Banking Systems Market Introduction
13.4 Open Banking Systems Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Open Banking Systems Market Key Market Segments
Table 2. Key Players Covered: Ranking by Open Banking Systems Market Revenue
Table 3. Ranking of Global Top Open Banking Systems Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Open Banking Systems Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Open Banking Systems Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Open Banking Systems Market Players to Combat Covid-19 Impact
Table 10. Global Open Banking Systems Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Open Banking Systems Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Open Banking Systems Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Open Banking Systems Market Share by Regions (2015-2021)
Table 14. Global Open Banking Systems Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Open Banking Systems Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Open Banking Systems Market Growth Strategy
Table 20. Main Points Interviewed from Key Open Banking Systems Market Players
Table 21. Global Open Banking Systems Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Open Banking Systems Market Share by Players (2015-2021)
Table 23. Global Top Open Banking Systems Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Open Banking Systems Market as of 2019)
Table 24. Global Open Banking Systems Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Open Banking Systems Market Product Solution and Service
Table 27. Date of entering into Open Banking Systems Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 30. Global Open Banking Systems Market Size Share by Type (2015-2021)
Table 31. Global Open Banking Systems Market Revenue Market Share by Type (2021-2028)
Table 31. Global Open Banking Systems Market Size Share by Application (2015-2021)
Table 33. Global Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 34. Global Open Banking Systems Market Size Share by Application (2021-2028)
Table 35. North America Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Open Banking Systems Market Share (2019-2021)
Table 37. North America Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 38. North America Open Banking Systems Market Share by Type (2015-2021)
Table 39. North America Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 40. North America Open Banking Systems Market Share by Application (2015-2021)
Table 41. Europe Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Open Banking Systems Market Share (2019-2021)
Table 43. Europe Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Open Banking Systems Market Share by Type (2015-2021)
Table 45. Europe Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Open Banking Systems Market Share by Application (2015-2021)
Table 47. China Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Open Banking Systems Market Share (2019-2021)
Table 49. China Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 50. China Open Banking Systems Market Share by Type (2015-2021)
Table 51. China Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 52. China Open Banking Systems Market Share by Application (2015-2021)
Table 53. Japan Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Open Banking Systems Market Share (2019-2021)
Table 55. Japan Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Open Banking Systems Market Share by Type (2015-2021)
Table 57. Japan Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Open Banking Systems Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Open Banking Systems Market Share (2019-2021)
Table 61. Southeast Asia Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Open Banking Systems Market Share by Type (2015-2021)
Table 63. Southeast Asia Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Open Banking Systems Market Share by Application (2015-2021)
Table 65. India Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Open Banking Systems Market Share (2019-2021)
Table 67. India Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 68. India Open Banking Systems Market Share by Type (2015-2021)
Table 69. India Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 70. India Open Banking Systems Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Open Banking Systems Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Open Banking Systems Market Share (2019-2021)
Table 73. Central & South America Open Banking Systems Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Open Banking Systems Market Share by Type (2015-2021)
Table 75. Central & South America Open Banking Systems Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Open Banking Systems Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Open Banking Systems Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Open Banking Systems Market Share by Type: 2021 VS 2028
Figure 2. Global Open Banking Systems Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Open Banking Systems Market Report Years Considered
Figure 8. Global Open Banking Systems Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Open Banking Systems Market Share by Regions: 2021 VS 2028
Figure 10. Global Open Banking Systems Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Open Banking Systems Market Share by Players in 2019
Figure 13. Global Top Open Banking Systems Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Open Banking Systems Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Open Banking Systems Market Revenue in 2019
Figure 15. North America Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Open Banking Systems Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



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The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
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Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
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