The embedded banking market revenue is estimated to be totaled USD 20,339.6 million in 2024. The market is expected to reach USD 149,426.9 million by 2034, registering a CAGR of 22.10% over the forecast period.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | USD 20,339.6 million |
Anticipated Forecast Value (2034) | USD 149,426.9 million |
Estimated Growth (2024 to 2034) | 22.10% CAGR |
Embedded banking services, also known as ‘embedded financing’ or ‘banking as a service’, have been gaining widespread impetus since past few years. The market developed at a 19.90% CAGR between 2019 and 2023. Several reasons are attributed to this rapid growth:
The embedded banking market has witnessed several notable trends that are shaping its trajectory:
Despite the growing popularity of embedded banking services in the international marketplace, several factors are hindering the market growth:
On the basis of solutions, the embedded banking market is segmented into embedded banking platform API and services. The banking platform API segment is anticipated to hold a share of 66.40% of the overall embedded banking market in 2024.
Attributes | Details |
---|---|
Solutions | banking Platform API |
Market Share in 2024 | 66.40% |
On the basis of organization size, the large organization segment takes the majority share of the embedded banking market. It is anticipated to hold a market value of 57.30% in 2024.
Attributes | Details |
---|---|
Organization Type | Large Organizations |
Market Share in 2024 | 57.30% |
This section offers a comprehensive analysis of the embedded banking market across various countries, including Australia, China, the United States, Germany, and Japan. The table presents the CAGR for each country, depicting the estimated market growth in these regions until 2034.
Countries | Forecasted CAGR from 2024 to 2034 |
---|---|
Australia | 25.60% |
China | 22.60% |
United States | 18.90% |
Germany | 17.50% |
Japan | 16.80% |
Australia is expected to exhibit significant market growth over the forecast period. The Australia embedded banking market is anticipated to develop at a CAGR of 25.60% through 2034.
Australia is blessed with a financial system that is very well-established and highly digitized. This allows companies offering embedded financing solutions to easily integrate their services into the existing financial system.
Besides this, the country’s highly competitive banking sector is also pushing companies in this market to offer innovative financial services through APIs. These factors have positioned Australia as one of the lucrative markets for embedded banking solutions.
China is also one of the lucrative markets in the embedded banking industry. The Chinese market for embedded banking is anticipated to progress at a CAGR of 22.60%.
The Chinese government, in the last few years, has been actively taking initiatives to bring their people into the country’s financial system. Due to this, the country now has a well-developed digital ecosystem with a substantial amount of internet companies expanding into embedded financial services. The embedded banking market is also touching the skies in China as many people make use of these platforms for their financial operations.
The United States also is a promising embedded banking industry. Over the next ten years, the demand for embedded banking in the United States is projected to rise at an 18.90% CAGR.
The United States is a global hub for the embedded banking industry with the presence of numerous industry giants such as Plaid, Stripe, Square, Adyen, Marqeta, Galileo Financial Technologies, Synapse, etc. These companies have a strong foothold in the domestic as well as international marketplace, bringing in an appreciable amount of expertise and revenue to the United States embedded banking market.
Germany is also one of the lucrative markets in the embedded banking industry. The Germany embedded banking market is anticipated to inflate at a CAGR of 17.50%.
Open banking systems have played a significant role in the growth of the embedded banking industry in Germany. With such a system, financial institutions in Germany find it relatively easier to collaborate with third-party providers. This has allowed them to offer innovative offers to their consumers, which is exponentially expanding the embedded banking solution market in the country.
Japan also exhibits a promising future in the global embedded banking industry. The market in Japan is anticipated to retain its position by progressing at a growth rate of 16.80% till 2034.
Japan, as a country, is very tech-savvy when it comes to their financial capabilities. This has made the adoption of these complex embedded financial systems very easy for businesses as well as individual owners. Besides this, the country’s lenient banking regulations have also enabled the entry of numerous companies into Japan’s market, which has substantially spurred its growth in the past few years.
The embedded banking market consists of numerous companies that cater to businesses in a wide array of industries and sectors, as well as individual consumers in developed and developing economies.
Companies invest a hefty amount of their financial capital in smoothening the integration of modern financial services into conventional ones. These companies are also offering various financial services such as credit cards and post-paid payments to attract more consumers to the market.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Organization Size, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Solution, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End-User, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 17: Global Market Attractiveness by Solution, 2024 to 2034
Figure 18: Global Market Attractiveness by Organization Size, 2024 to 2034
Figure 19: Global Market Attractiveness by End-User, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End-User, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 37: North America Market Attractiveness by Solution, 2024 to 2034
Figure 38: North America Market Attractiveness by Organization Size, 2024 to 2034
Figure 39: North America Market Attractiveness by End-User, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End-User, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Solution, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Organization Size, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End-User, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End-User, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Solution, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Organization Size, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End-User, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End-User, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Solution, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Organization Size, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End-User, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Solution, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End-User, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Solution, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Organization Size, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End-User, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Solution, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End-User, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Solution, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Organization Size, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End-User, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Solution, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Organization Size, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End-User, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Organization Size, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Organization Size, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Organization Size, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Solution, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Organization Size, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End-User, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is expected to be worth USD 20,339.6 million in 2024.
The embedded banking market is expected to reach USD 149,426.9 million by 2034.
The market is growing at a CAGR of 22.10% from 2024 to 2034.
Bankable, Banxware, Bond, Cross River, Finix, Flywire, Marqeta, Plaid, Stripe, etc., are some of the key market players.
The market valuation in 2023 was USD 16,881.3 million.
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