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API Banking Market By Component (Solution [Application Programming Interface Platform, Application Programming Interface Analytics, and Application Programming Interface Security], and Service [Training & Education, Integration & Implementation, Support & Maintenance, and Consulting]), Organization Size (Small & Medium-Sized Enterprise, and Large Enterprise), and Deployment (Cloud-Based and On-Premise): Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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An application programming interface (API) is a set of protocols and tools, which allow consumers with an access to banking services & other financial institution platforms. The features on the banking portal such as adding beneficiaries, transfer of funds, and other business operations could be automated from the internal application programming interface. Furthermore, the banking institution allows a limited & secured access to the financial institutions such as PayPal, Google Pay, and others. Therefore, rise in demand for an easy & automated banking services among individuals & businesses is expected to boost the API banking market growth in the near future.
The global API banking market is segmented on the basis of component, organization size, deployment, and region. Based on component, the API banking market is bifurcated into solution and service. The solution segment is further divided into application programming interface platform, application programming interface analytics, and application programming interface security.
The service segment is also further fragmented into training & education, integration & implementation, support & maintenance, and consulting. In terms of organization size, the market is categorized into small & medium-sized enterprise, and large enterprise. On the basis of deployment, the market is divided into cloud-based and on-premise. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global API banking industry include H2O.ai, MX Technologies, Socure, Stripe, Moxtra, Lookout, Token, Railsbank, Signzy, and GoCardless. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
Top Impacting Factors
Rise in adoption for the smart banking solutions, growing demand for API-led connectivity for facilitating banking server, and need for API’s to accelerate the digital transformation are driving the growth of the market. However, the increase in events of online frauds & data insecurity is expected to hamper the growth of the market. Contrarily, increase in adoption for the cloud-based services in the API banking can be seen as an opportunity for the market investments.
Rise in Adoption For the Smart Banking Solutions
With a robust increase in the number of online applications & smart devices which are required in the connected world, the need for the exposing of the additional data through the API banking is continuing to rise in the market. Furthermore, increased requirement for the businesses to adopt the API banking in order to provide the personalized & better user experience. Moreover, the business organization requires a vigorous lifecycle management solution, which therefore helps the businesses to measure the performance with the help of API banking.
Moreover, increased requirement for effortlessly integrating the system components with the smart devices and applications is helping the businesses to adopt API banking. Therefore, the rise in adoption for the smart banking solutions is expected to foster the global market during the forecast period.
Increase in Adoption For the Cloud-Based Services in the API Banking
The cloud-based services help in reducing the inclusive general costs by providing highly flexible & scalable access to the API banking solutions. The organizations are initiating the API banking solutions onto the cloud in order to improve the mobility of the banking services. Furthermore, due to the improvement of mobility of data, an acceleration of the API banking development cycle has experienced significant growth rate in the market.
Moreover, the cloud-based API banking enables the businesses to reduce the data storage costs, technical staff salary costs, and various types of functionality costs. Owing to the above-mentioned advantages, majority of vendors are switching from the on-premises deployment to cloud-based services. Therefore, increased adoption for the cloud-based services in the API banking, will foster the growth for global API banking market during the forecast period.
Key Benefits of the Report
- This study presents analytical depiction of the global API banking market forecast along with the current trends and future estimations to determine the imminent investment pockets.     Â
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the API banking market share. Â Â
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global API banking market growth scenario. Â Â Â Â Â Â Â Â Â Â
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.        Â
- The report provides a detailed API banking market analysis depending on the present and future competitive intensity of the market.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value ($) |
Segments Covered | Component, Organization Size, Deployment, and Region |
Regions Covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and Middle East & Africa |
Companies Covered | H2O.ai, MX Technologies, Socure, Stripe, Moxtra, Lookout, Token, Railsbank, Signzy, and GoCardless |
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​​​​​​​COVID-19 Scenario Analysis
- The API banking creates a new standard in the banking & financial sectors providing consumers with an access to different financial banks & institutions available in the market. In addition, API banking platform provides automated payments & financing solutions, which has experienced tremendous growth rate amid the COVID-19 outbreak.
- Owing to the COVID-19 pandemic, the use for the digital essential payments has increased, as government across several countries declared lockdown & business shutdowns. Therefore, consumers have largely switched toward online banking channels during the pandemic situation.
API Banking Market Key Segments
Segments | Sub-Segments |
Component |
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Organization Size |
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Deployment |
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Questions Answered in the API Banking Market Research Report  Â
- Which are the leading players active in the global API banking market?
- What would be the detailed impact of COVID-19 on the global API banking market size?
- How the current API banking market trends that would influence the industry in the next few years?
- What are the driving factors, restraints, and opportunities in the global market?
- What are the projections for the future that would help in taking further strategic steps?
1. INTRODUCTION
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model
2. EXECUTIVE SUMMARY
2.1. CXO perspective
3. MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top factors impacting the market
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five force analysis
3.4. Market player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
4. GLOBAL API IN BANKING MARKET, BY SERVICES, 2017-2023 ($MILLION)
4.1. Market overview
4.2. Treasury solutions
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. Merchant services
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. Loans services
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. Wealth management
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6. Others
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast
5. GLOBAL API IN BANKING MARKET, BY SOLUTIONS, 2017-2023 ($MILLION)
5.1. Market overview
5.2. API Portal
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3. API Gateway
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.4. API Analytics
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.5. Monetization
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.6. Administration
5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast
5.7. Security
5.7.1. Key market trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast
5.8. Others
5.8.1. Key market trends
5.8.2. Key growth factors and opportunities
5.8.3. Market size and forecast
6. GLOBAL API IN BANKING MARKET, BY DEPLOYMENT, 2017-2023 ($MILLION)
6.1. Market overview
6.2. Cloud
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3. On-Premise
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
7. GLOBAL API IN BANKING MARKET, BY REGION, 2017-2023 ($MILLION)
7.1. Market overview
7.2. North America
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast by
7.2.3.1. Services
7.2.3.2. Solutions
7.2.3.3. Deployment
7.2.3.4. Country
7.2.3.4.1. U.S.
7.2.3.4.1.1. Market size and forecast, by Services
7.2.3.4.1.2. Market size and forecast, by Solutions
7.2.3.4.1.3. Market size and forecast, by Deployment
7.2.3.4.2. Canada
7.2.3.4.2.1. Market size and forecast, by Services
7.2.3.4.2.2. Market size and forecast, by Solutions
7.2.3.4.2.3. Market size and forecast, by Deployment
7.2.3.4.3. Mexico
7.2.3.4.3.1. Market size and forecast, by Services
7.2.3.4.3.2. Market size and forecast, by Solutions
7.2.3.4.3.3. Market size and forecast, by Deployment
7.3. Europe
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast by
7.3.3.1. Services
7.3.3.2. Solutions
7.3.3.3. Deployment
7.3.3.4. Country
7.3.3.4.1. UK
7.3.3.4.1.1. Market size and forecast, by Services
7.3.3.4.1.2. Market size and forecast, by Solutions
7.3.3.4.1.3. Market size and forecast, by Deployment
7.3.3.4.2. Germany
7.3.3.4.2.1. Market size and forecast, by Services
7.3.3.4.2.2. Market size and forecast, by Solutions
7.3.3.4.2.3. Market size and forecast, by Deployment
7.3.3.4.3. France
7.3.3.4.3.1. Market size and forecast, by Services
7.3.3.4.3.2. Market size and forecast, by Solutions
7.3.3.4.3.3. Market size and forecast, by Deployment
7.3.3.4.4. Rest of Europe
7.3.3.4.4.1. Market size and forecast, by Services
7.3.3.4.4.2. Market size and forecast, by Solutions
7.3.3.4.4.3. Market size and forecast, by Deployment
7.4. Asia-Pacific
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast by
7.4.3.1. Services
7.4.3.2. Solutions
7.4.3.3. Deployment
7.4.3.4. Country
7.4.3.4.1. China
7.4.3.4.1.1. Market size and forecast, by Services
7.4.3.4.1.2. Market size and forecast, by Solutions
7.4.3.4.1.3. Market size and forecast, by Deployment
7.4.3.4.2. India
7.4.3.4.2.1. Market size and forecast, by Services
7.4.3.4.2.2. Market size and forecast, by Solutions
7.4.3.4.2.3. Market size and forecast, by Deployment
7.4.3.4.3. Japan
7.4.3.4.3.1. Market size and forecast, by Services
7.4.3.4.3.2. Market size and forecast, by Solutions
7.4.3.4.3.3. Market size and forecast, by Deployment
7.4.3.4.4. Rest of Asia-Pacific
7.4.3.4.4.1. Market size and forecast, by Services
7.4.3.4.4.2. Market size and forecast, by Solutions
7.4.3.4.4.3. Market size and forecast, by Deployment
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast by
7.5.3.1. Services
7.5.3.2. Solutions
7.5.3.3. Deployment
7.5.3.4. Region
7.5.3.4.1. Latin America
7.5.3.4.1.1. Market size and forecast, by Services
7.5.3.4.1.2. Market size and forecast, by Solutions
7.5.3.4.1.3. Market size and forecast, by Deployment
7.5.3.4.2. Middle East
7.5.3.4.2.1. Market size and forecast, by Services
7.5.3.4.2.2. Market size and forecast, by Solutions
7.5.3.4.2.3. Market size and forecast, by Deployment
7.5.3.4.3. Africa
7.5.3.4.3.1. Market size and forecast, by Services
7.5.3.4.3.2. Market size and forecast, by Solutions
7.5.3.4.3.3. Market size and forecast, by Deployment
8. COMPANY PROFILES
8.1. Mulesoft, Inc.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Operating business segments
8.1.5. Key strategies and developments
8.2. Oracle Corporation
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Operating business segments
8.2.5. Key strategies and developments
8.3. Hewlett Packard Enterprises Co.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Operating business segments
8.3.5. Key strategies and developments
8.4. Accenture PLC
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Operating business segments
8.4.5. Key strategies and developments
8.5. Mashape Inc.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Operating business segments
8.5.5. Key strategies and developments
8.6. IBM Corporation
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Operating business segments
8.6.5. Key strategies and developments
8.7. Software AG
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Operating business segments
8.7.5. Key strategies and developments
8.8. TIBCO Software Inc.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Operating business segments
8.8.5. Key strategies and developments
8.9. Axway Software
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Operating business segments
8.9.5. Key strategies and developments
8.10. SAP SE
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Operating business segments
8.10.5. Key strategies and developments
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