Banking As A Service Market size to grow by USD 21,806.94 million from 2022 to 2027; Growth driven by the increasing adoption by end-users - Technavio

NEW YORK, May 26, 2023 /PRNewswire/ -- The global banking as a service market size is estimated to increase by USD 21,806.94 million, accelerating at a CAGR of 14.62% during the forecast. The growth of the market is driven by the increasing adoption by end-users

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Banking as a Service Market– Market dynamics

Leading drivers - Banking as a service offers consumers a wide range of financial services with benefits such as convenience, speed, and payment options. Financial institutions can also access banking capabilities like lending, accounting, and corporate finance, providing better services to businesses. This is expected to drive demand for banking as a service during the forecast period.

Key trends - Growing partnerships, collaborations, and agreements are a major trend in the BaaS market. Bankable, the global architect of banking as a service solutions, announced a strategic collaboration with Visa in the US. Unit, the New York-based banking as a service, partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfill both domestic and international banking needs.

Major challenges - Implementation and data security challenges is a factor hindering the banking as a service (BaaS) market. Data security and privacy are major concerns in the market due to the digitization of customer financial data. Many financial enterprises are concerned about their data being misused, making them skeptical about deploying banking as a service for their operations.

In addition to the forecast, the report also highlights the key opportunities by analyzing
drivers, trends, and challenges for the market!

Banking as a Service Market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Banking as a Service Market – Vendor Analysis

Some of the major banking as a service (BaaS) market vendors are:

• 11:FS
• Alkami Technology Inc.
• Banco Bilbao Vizcaya Argentaria SA
• Block Inc.
• Bnkbl Ltd.
• ClearBank Ltd.
• CREALOGIX AG
• Currency Cloud Group Ltd.
• Finastra
• Fiserv Inc.
• Green Dot Corp.
• MatchMove Pay Pte Ltd.
• PayPal Holdings Inc.
• Q2 Holdings Inc.
• Societe Generale SA
• Solarisbank AG
• StoneCastle Digital Solutions LLC
• Temenos Headquarters SA
• Urban FT Group Inc.

The banking as a service (BaaS) market is fragmented, with the presence of several global as well as regional vendors. The degree of fragmentation will accelerate during the forecast period.

Vendor offerings -

• 11fs.com- The company offers energy storage for microgrids such as Smart Power solutions.
• bbva.com- The company offers energy storage for microgrids through products such as Deep-Cycle Battery.
• block.xyz- The company offers energy storage for microgrids such as NEC's GSS Grid Storage Solution.
• clear.bank- The company offers energy storage for microgrids such as CALMAC's ice-based energy storage.
• currencycloud.com- The company offers energy storage for microgrids such as GridNode Microgrid Solutions.
• For Details on the vendor and its offerings – Buy the report!

Banking as a Service Market- Segmentation Assessment

Banking as a Service Market is segmented as below:

• End-user 
• Banks
• NBFC
• Government
• Component 
• Platform
• Services
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

For insights on global, regional, and country-level parameters with growth opportunities
from 2017 to 2027 Download a Sample Report

Banking as a Service Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist banking as a service market growth during the next five years
• Estimation of the banking as a service market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the banking as a service market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of banking as a service market vendors

Related Reports

Banking as a Service Market in Latin America- The Banking as a Service Market in Latin America size is estimated to grow by USD 4,309.74 million between 2022 and 2027 accelerating at a CAGR of 20.2%.

Community Banking Market- The community banking market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 207.21 billion.

Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global banking as a service market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global banking as a service market 2017 - 2021 ($ million)

• 4.2 End user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Banks - Market size and forecast 2022-2027
• Exhibit 34: Chart on Banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Banks - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Banks - Year-over-year growth 2022-2027 (%)

• 6.4 NBFC - Market size and forecast 2022-2027
• Exhibit 38: Chart on NBFC - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on NBFC - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on NBFC - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on NBFC - Year-over-year growth 2022-2027 (%)

• 6.5 Government - Market size and forecast 2022-2027
• Exhibit 42: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 47: Chart on Component - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 49: Chart on Comparison by Component
• Exhibit 50: Data Table on Comparison by Component

• 7.3 Platform - Market size and forecast 2022-2027
• Exhibit 51: Chart on Platform - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Platform - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Platform - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Platform - Year-over-year growth 2022-2027 (%)

• 7.4 Services - Market size and forecast 2022-2027
• Exhibit 55: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 59: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027
• Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 11:FS 
• Exhibit 112: 11:FS - Overview
• Exhibit 113: 11:FS - Product / Service
• Exhibit 114: 11:FS - Key offerings

• 12.4 Banco Bilbao Vizcaya Argentaria SA
• Exhibit 115: Banco Bilbao Vizcaya Argentaria SA - Overview
• Exhibit 116: Banco Bilbao Vizcaya Argentaria SA - Business segments
• Exhibit 117: Banco Bilbao Vizcaya Argentaria SA - Key offerings
• Exhibit 118: Banco Bilbao Vizcaya Argentaria SA - Segment focus

• 12.5 Block Inc. 
• Exhibit 119: Block Inc. - Overview
• Exhibit 120: Block Inc. - Business segments
• Exhibit 121: Block Inc. - Key offerings
• Exhibit 122: Block Inc. - Segment focus

• 12.6 Bnkbl Ltd. 
• Exhibit 123: Bnkbl Ltd. - Overview
• Exhibit 124: Bnkbl Ltd. - Product / Service
• Exhibit 125: Bnkbl Ltd. - Key offerings

• 12.7 ClearBank Ltd. 
• Exhibit 126: ClearBank Ltd. - Overview
• Exhibit 127: ClearBank Ltd. - Product / Service
• Exhibit 128: ClearBank Ltd. - Key offerings

• 12.8 Currency Cloud Group Ltd. 
• Exhibit 129: Currency Cloud Group Ltd. - Overview
• Exhibit 130: Currency Cloud Group Ltd. - Product / Service
• Exhibit 131: Currency Cloud Group Ltd. - Key offerings

• 12.9 Finastra 
• Exhibit 132: Finastra - Overview
• Exhibit 133: Finastra - Product / Service
• Exhibit 134: Finastra - Key offerings

• 12.10 Green Dot Corp. 
• Exhibit 135: Green Dot Corp. - Overview
• Exhibit 136: Green Dot Corp. - Business segments
• Exhibit 137: Green Dot Corp. - Key offerings
• Exhibit 138: Green Dot Corp. - Segment focus

• 12.11 MatchMove Pay Pte Ltd. 
• Exhibit 139: MatchMove Pay Pte Ltd. - Overview
• Exhibit 140: MatchMove Pay Pte Ltd. - Product / Service
• Exhibit 141: MatchMove Pay Pte Ltd. - Key offerings

• 12.12 Movencorp Inc. 
• Exhibit 142: Movencorp Inc. - Overview
• Exhibit 143: Movencorp Inc. - Product / Service
• Exhibit 144: Movencorp Inc. - Key offerings

• 12.13 PayPal Holdings Inc. 
• Exhibit 145: PayPal Holdings Inc. - Overview
• Exhibit 146: PayPal Holdings Inc. - Product / Service
• Exhibit 147: PayPal Holdings Inc. - Key offerings

• 12.14 Societe Generale SA 
• Exhibit 148: Societe Generale SA - Overview
• Exhibit 149: Societe Generale SA - Business segments
• Exhibit 150: Societe Generale SA - Key offerings
• Exhibit 151: Societe Generale SA - Segment focus

• 12.15 Solarisbank AG 
• Exhibit 152: Solarisbank AG - Overview
• Exhibit 153: Solarisbank AG - Product / Service
• Exhibit 154: Solarisbank AG - Key offerings

• 12.16 StoneCastle Digital Solutions LLC
• Exhibit 155: StoneCastle Digital Solutions LLC - Overview
• Exhibit 156: StoneCastle Digital Solutions LLC - Product / Service
• Exhibit 157: StoneCastle Digital Solutions LLC - Key offerings

• 12.17 Urban FT Group Inc. 
• Exhibit 158: Urban FT Group Inc. - Overview
• Exhibit 159: Urban FT Group Inc. - Product / Service
• Exhibit 160: Urban FT Group Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations 
• Exhibit 167: List of abbreviations

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