According to the report published by Allied Market Research, the global open banking market amassed revenue of $13.9 billion in 2020, and is expected to hit $123.7 billion by 2031, registering a CAGR of 22.3% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key …
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Open Banking Market : Along with information related to key drivers, restraints, and opportunities.
Open banking is a financial service which includes sharing of financial information electronically. Furthermore, open banking services make use of application programming interface (APIs) to carry out a secure transfer of financial data. The global open banking market was valued at $13.9 billion in 2020, and is projected to reach $123.7 billion by 2031, growing …
Open banking market: Top winning strategies, drivers & opportunities, market size & estimations, competitive landscape
Open Banking Market by Financial Services (Banking & Capital Markets, Payments, Digital Currencies, Value Added Services), by Distribution Channel (Bank Channel, App market, Distributors, Aggregators): Global Opportunity Analysis and Industry Forecast, 2020-2031. Open Banking Market Expected to Reach $123.7 Billion by 2031—Allied Market Research. According to a new report published by Allied Market Research, titled, “Open …
Open Banking Market to Garner $43.15 Bn, Globally, by 2026 at 24.4% CAGR
Drivers, Restraints, and Opportunities Supportive government regulations, enhanced overall customer engagement with the help of open banking APIs, and rise in adoption of new applications and services drive the growth of the global open banking market. However, lack of awareness regarding data security and management of threats regarding security restrain the market growth. On the …
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