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

Published Date: 30-Sep-2022

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Banking-as-a-Service Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Banking-as-a-Service Market size is expected to reach $51.2 billion by 2028, rising at a market growth of 15.6% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 16.4% during (2022 - 2028). By facilitating distributors to offer banking goods and services via third-party platforms, BaaS is reshaping the banking value chain. BaaS typically offers deployment, integration, and maintenance of the platform, which includes push notifications, database management, cloud storage, hosting platforms, and user authentication.

The Banks segment acquired maximum revenue share in the Global Banking-as-a-Service Market by End-use in 2021 thereby, achieving a market value of $17.3 billion by 2028. BaaS can help banks generate revenue while also implementing cost-cutting strategies. Banks are not obligated to invest in technological development. As a result, they can gain from partnerships with other parties because they already have access to solutions that are ready to use.

The SMEs segment has shown the growth rate of 17.8% during (2022 - 2028). From the perspective of SMEs, the benefit of integrated finance is that they can access the financial services when they're needed, without having to open a different app or website to start a bank transfer or finish a loan application. Additionally, a platform's embedded finance solution might also come with value-added features like financial management & analytics tools.

The Cloud-Based segment is leading the Global Banking-as-a-Service Market by Product Type in 2021 thereby, achieving a market value of $36 billion by 2028. The BaaS cloud offers additional benefits, in addition, to quickly putting new digital features in users' hands. Digital businesses can more successfully meet their demanding service commitments with the help of consistent policy enforcement, automatic provisioning, and traffic monitoring.

The North America market dominated the Global Banking-as-a-Service Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18.1 billion by 2028.The Europe market is exhibiting a CAGR of 15.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 16.3% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Banking-as-a-Service Market Segmentation

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Banking-as-a-Service Market size & Opportunities 2022-2028

Europe Banking-as-a-Service Market & Growth Forecast 2022-2028

Asia Pacific Banking-as-a-Service Market Share & Industry Outlook to 2028

LAMEA Banking-as-a-Service Market Growth, Trends & Forecasts 2022-2028

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