(2023-2032) Banking-As-A-Service (BaaS) Market Size, Share, Trends, Industry Growth Analysis and Forecast | Banco Bilbao Vizcaya Argentaria S.A., PayPal Holdings Inc., Square Inc., Green Dot Corporation, Paytm Payments Bank

The Business Research Company’s Banking-As-A-Service (BaaS) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Banking-As-A-Service (BaaS) Global Market Report 2023 evaluates banking-as-a-service (baas) market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global banking-as-a-service (BaaS) market is set to embark on an exciting journey of growth and expansion. It is expected to transition from its 2022 valuation of $516.17 billion to a more robust $614.62 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 19.1%. However, this promising trajectory has not been impervious to the far-reaching impacts of the Russia-Ukraine conflict, which have cast a shadow over the global economic recovery post the COVID-19 pandemic. This ongoing war has instigated a series of economic sanctions that have reverberated across multiple countries, catalyzing a surge in commodity prices and triggering disruptive effects along global supply chains. The domino effect has manifested as inflationary pressures, affecting an array of goods and services, and has led to the adjustment of interest rates, exerting a profound influence on diverse markets worldwide. Notwithstanding these challenges, the banking-as-a-service (BaaS) market is projected to ascend to remarkable heights, attaining a valuation of $1,231.49 billion in 2027, and sustaining a steady CAGR of 19.0%.

A pivotal catalyst driving this upward trajectory is the escalating adoption of digital banking. The term “digital banking” encapsulates the utilization of computers to access and engage with banking features and services through a financial institution’s online platform. The advent of digital banking has proven transformative, underpinning the burgeoning expansion of the banking-as-a-service (BaaS) sector. This transformation is fueled by the discernible surge in consumer demand for accessible and tailored financial services, along with a palpable emphasis on delivering seamless integrations, expediting time-to-market, and implementing cost-effective scalability for banking service providers. To illustrate this phenomenon, a survey conducted by MagiClick UK Ltd., a prominent UK-based digital technology company, in September 2021 underscores the remarkable increase in the utilization of online web banking services. The survey involved 2,087 UK adults, and the findings were striking. Nearly 50% of users reported a noteworthy upswing in their usage of online web banking services since March 2020. Within different age groups, a distinctive pattern emerged, with 18–24-year-olds revealing a 35% increase, 25–34-year-olds registering a 32% surge, and 35–44-year-olds noting a 31% uptick in their engagement with online web banking. Consequently, the burgeoning embrace of digital banking emerges as a compelling force propelling the banking-as-a-service (BaaS) market towards a promising future. This dynamic interplay between technology and financial services positions the sector as an arena of significant growth and innovation, promising a transformative narrative in the global financial landscape.

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The banking-as-a-service (baas) market segments in the report are:

1) By Type: API-Based Bank-As-A-service, Cloud-Based Bank-As-A-Service

2) By Component: Platform, Services

3) By Enterprise: Large Enterprise, Small And Medium Enterprise

4) By End User: Banks, Non-Bank Financial Company (NBFC), Government, Other End-Users

The table of contents in TBRC’s banking-as-a-service (baas) market report includes:

1. Executive Summary

2. Banking-As-A-Service (BaaS) Market Characteristics

3. Banking-As-A-Service (BaaS) Market Trends And Strategies

4. Banking-As-A-Service (BaaS) Market – Macro Economic Scenario

5. Banking-As-A-Service (BaaS) Market Segmentation

….

32. Global Banking-As-A-Service (BaaS) Market Competitive Benchmarking

33. Global Banking-As-A-Service (BaaS) Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Banking-As-A-Service (BaaS) Market

35. Banking-As-A-Service (BaaS) Market Future Outlook and Potential Analysis

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