Product ID: UCMIG40G2006
Banking-as-a-Service Market Size, Share, Growth Analysis, By Component(Platform, Service), By Type(API-Based bank-as-a-service, Cloud-based Bank-as-a-service), By Enterprise Size(Large Enterprises, Small & Medium Enterprises), By End User(Banks, FinTech Corporations/NBFC), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG40G2006 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Banking-as-a-Service Market Insights
Market Overview:
Due to continuous online banking, the growth of the market has driven it also fueled the growth of Baas providers. The growth of online banking has accelerated due to the pandemic where most people were unable to visit the bank physically. Advancements in fund transaction services have a positive impact on the expansion of banking as a service sector in various developing countries. The growth of the global banking-as-a-service market is accelerated due to the increase in the use of digital transformation technology in banks and streamlining financial services. During the forecast period to offer remunerative opportunities for expansion are expected to an increase in demand for banking-as-a-service infrastructure to improve business values and integration of artificial intelligence in the banking-as-a-service Baas platform.
Banking-as-a-Service Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Finance by segment aggregation, the contribution of the Consumer Finance in Diversified Financials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Banking-as-a-Service Market Report Snapshots
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