Europe Banking-as-a-Service Market Size Report, 2022-2028

Europe Banking-as-a-Service Market Size, Share & Industry Trends Analysis Report By Component (Platform and Services), By End User (Banks, NBFC, Government and Others), By Organization size, By Product Type, By Country and Growth Forecast, 2022 - 2028

Published Date: September-2022 | Number of Pages: 96 | Format: PDF | Report ID: KBV-20187

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Market Report Description

The Europe Banking-as-a-Service Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).

Retail banking is rapidly changing as a result of this API technology, which is also changing how incumbents & customers interact. Technologically advanced legacy banks that create their own BaaS platforms will create a new revenue stream by monetizing their platforms in addition to seizing the open banking opportunity before their competitors. In recent years, traditional banks have slowly begun to replace their reliance on paper with a more secure, digital administration of their business.

The number of non-finance & newer fintech companies offering consumers more individualized services has significantly increased as a result of the risk associated with obtaining banking licenses. Additionally, governments all over the world are constantly urging companies that offer digital financial services to enhance their product lines, which is anticipated to accelerate industry growth. BaaS is made possible by the simple integration of financial services & products into other consumer activities, frequently on non-financial digital platforms.

One of the major hubs for financial services in the world is in the United Kingdom, and fintech is one of its most rapidly expanding industries. In the United Kingdom, digital banking ecosystems are starting to flourish. The UK has an advantage over other Western nations in a number of digital areas due to early legislation & adoption of open banking and the subsequent rise of fintech disruptors.

The Germany market dominated the Europe Banking-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,309.8 million by 2028.The UK market is anticipated to grow at a CAGR of 14.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.2% during (2022 - 2028).

Based on Component, the market is segmented into Platform and Services. Based on End User, the market is segmented into Banks, NBFC, Government and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Product Type, the market is segmented into Cloud-Based and API-Based. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Banking-as-a-Service Market will Hit $51.2 Billion by 2028, at a CAGR of 15.6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Green Dot Corporation, PayPal Holdings, Inc., Block, Inc., Sopra Steria Group SA, Moven Enterprises, Solarisbank AG, The Currency Cloud Limited, Treezor SAS, Bnkbl Ltd., and MatchMove Pay Pte. Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Platform
  • Services

By End User

  • Banks
  • NBFC
  • Government
  • Others

By Organization size

  • Large Enterprises
  • SMEs

By Product Type

  • Cloud-Based
  • API-Based

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Green Dot Corporation
  • PayPal Holdings, Inc.
  • Block, Inc.
  • Sopra Steria Group SA
  • Moven Enterprises
  • Solarisbank AG
  • The Currency Cloud Limited
  • Treezor SAS
  • Bnkbl Ltd.
  • MatchMove Pay Pte. Ltd.

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Related Reports:

Global Banking-as-a-Service Market Report 2022-2028

North America Banking-as-a-Service Market Report 2022-2028

Asia Pacific Banking-as-a-Service Market Report 2022-2028

LAMEA Banking-as-a-Service Market Report 2022-2028

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