The Europe API Banking Market would witness market growth of 23.4% CAGR during the forecast period (2023-2030).
The rising digitization of banking operations is also a significant factor propelling the industry. It enables institutions to offer digital services to consumers, like online and mobile banking. Government regulations promoting open banking, like the revised Payment Services Directive (PSD2) in Europe, also drive the implementation of APIs in the banking industry.
In addition, banks can reduce expenses by automating specific processes with APIs and reducing the need for manual labor. Enhanced customer experience is also a significant market driver for API banking. Banks can use APIs to enhance the consumer experience by providing customized services and fast access to financial data.
Increasing competition between banks and fintech firms also drives the adoption of APIs to create new services and enhance existing ones. In addition, technological advancements, like cloud computing and big data analytics, are propelling the use of APIs in the banking industry, allowing banks to process and analyze massive quantities of data.
Banks with digital awareness and a desire to progress increasingly consider API strategy 2.0. With consistency and uniformity, API strategy 2.0 is scalable from 10 to 100 public APIs to thousands of bundle-ready building components. Large institutions are also broadening this portfolio of APIs and services to maximize the use of scarce talent and increase the usage of APIs and services within digital teams and to reveal extant capabilities. In addition to consumer preference for electronic payments, the need for uncomplicated cross-border transactions, and the imminent release of the official European Digital Identity Wallet, the demand for digital payments in Europe is rising significantly. These factors are likely to contribute to the expansion of the regional market.
The Germany market dominated the Europe API Banking Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,280.9 million by 2030. The UK market is exhibiting a CAGR of 22.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 24.3% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Service. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide API Banking Market is Projected to reach USD 131.7 Billion by 2030, at a CAGR of 24.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), BankProv (PROVIDENT BANCORP, INC.), TIBCO (The Information Bus Company) Software. Inc., FidyPay (Jambopay Express Pvt Ltd), Oracle Corporation, Razorpay Software Private Limited, Infosys Limited, IBM Corporation, SAP SE and Salesforce, Inc
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet Inc.)
- BankProv (PROVIDENT BANCORP, INC.)
- TIBCO (The Information Bus Company) Software. Inc.
- FidyPay (Jambopay Express Pvt Ltd)
- Oracle Corporation
- Razorpay Software Private Limited
- Infosys Limited
- IBM Corporation
- SAP SE
- Salesforce, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe API Banking Market, by Component
1.4.2 Europe API Banking Market, by Deployment
1.4.3 Europe API Banking Market, by Enterprise Size
1.4.4 Europe API Banking Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Trials and Approvals:
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Feb – 2023, Feb) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe API Banking Market by Component
5.1 Europe Solution Market by Country
5.2 Europe Service Market by Country
Chapter 6. Europe API Banking Market by Deployment
6.1 Europe On-premise Market by Country
6.2 Europe Cloud Market by Country
Chapter 7. Europe API Banking Market by Enterprise Size
7.1 Europe Large Enterprises Market by Country
7.2 Europe Small & Medium-sized Enterprises Market by Country
Chapter 8. Europe API Banking Market by Country
8.1 Germany API Banking Market
8.1.1 Germany API Banking Market by Component
8.1.2 Germany API Banking Market by Deployment
8.1.3 Germany API Banking Market by Enterprise Size
8.2 UK API Banking Market
8.2.1 UK API Banking Market by Component
8.2.2 UK API Banking Market by Deployment
8.2.3 UK API Banking Market by Enterprise Size
8.3 France API Banking Market
8.3.1 France API Banking Market by Component
8.3.2 France API Banking Market by Deployment
8.3.3 France API Banking Market by Enterprise Size
8.4 Russia API Banking Market
8.4.1 Russia API Banking Market by Component
8.4.2 Russia API Banking Market by Deployment
8.4.3 Russia API Banking Market by Enterprise Size
8.5 Spain API Banking Market
8.5.1 Spain API Banking Market by Component
8.5.2 Spain API Banking Market by Deployment
8.5.3 Spain API Banking Market by Enterprise Size
8.6 Italy API Banking Market
8.6.1 Italy API Banking Market by Component
8.6.2 Italy API Banking Market by Deployment
8.6.3 Italy API Banking Market by Enterprise Size
8.7 Rest of Europe API Banking Market
8.7.1 Rest of Europe API Banking Market by Component
8.7.2 Rest of Europe API Banking Market by Deployment
8.7.3 Rest of Europe API Banking Market by Enterprise Size
Chapter 9. Company Profiles
9.1 BankProv (Provident Bancorp, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Recent strategies and developments:
9.1.3.1 Partnerships, Collaborations, and Agreements:
9.1.4 SWOT Analysis
9.2 Razorpay Software Private Limited
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Product Launches and Product Expansions:
9.2.2.2 Acquisition and Mergers:
9.2.2.3 Trials and Approvals:
9.2.3 SWOT Analysis
9.3 Jambopay Express Pvt Ltd
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.4 Google LLC (Alphabet Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Tibco Software, Inc. (Vista Equity Partners)
9.5.1 Company Overview
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Infosys Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 IBM Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 SAP SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expense
TABLE 1 Europe API Banking Market, 2019 - 2022, USD Million
TABLE 2 Europe API Banking Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– API Banking Market
TABLE 4 Product Launches And Product Expansions– API Banking Market
TABLE 5 Acquisition and Mergers– API Banking Market
TABLE 6 Trials and Approvals – API Banking Market
TABLE 7 Europe API Banking Market by Component, 2019 - 2022, USD Million
TABLE 8 Europe API Banking Market by Component, 2023 - 2030, USD Million
TABLE 9 Europe Solution Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Solution Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Service Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Service Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 14 Europe API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 15 Europe On-premise Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe On-premise Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Cloud Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Cloud Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 20 Europe API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 21 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Small & Medium-sized Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe API Banking Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe API Banking Market by Country, 2023 - 2030, USD Million
TABLE 27 Germany API Banking Market, 2019 - 2022, USD Million
TABLE 28 Germany API Banking Market, 2023 - 2030, USD Million
TABLE 29 Germany API Banking Market by Component, 2019 - 2022, USD Million
TABLE 30 Germany API Banking Market by Component, 2023 - 2030, USD Million
TABLE 31 Germany API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 32 Germany API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 33 Germany API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 34 Germany API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 35 UK API Banking Market, 2019 - 2022, USD Million
TABLE 36 UK API Banking Market, 2023 - 2030, USD Million
TABLE 37 UK API Banking Market by Component, 2019 - 2022, USD Million
TABLE 38 UK API Banking Market by Component, 2023 - 2030, USD Million
TABLE 39 UK API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 40 UK API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 41 UK API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 42 UK API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 43 France API Banking Market, 2019 - 2022, USD Million
TABLE 44 France API Banking Market, 2023 - 2030, USD Million
TABLE 45 France API Banking Market by Component, 2019 - 2022, USD Million
TABLE 46 France API Banking Market by Component, 2023 - 2030, USD Million
TABLE 47 France API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 48 France API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 49 France API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 50 France API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 51 Russia API Banking Market, 2019 - 2022, USD Million
TABLE 52 Russia API Banking Market, 2023 - 2030, USD Million
TABLE 53 Russia API Banking Market by Component, 2019 - 2022, USD Million
TABLE 54 Russia API Banking Market by Component, 2023 - 2030, USD Million
TABLE 55 Russia API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 56 Russia API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 57 Russia API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 58 Russia API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 59 Spain API Banking Market, 2019 - 2022, USD Million
TABLE 60 Spain API Banking Market, 2023 - 2030, USD Million
TABLE 61 Spain API Banking Market by Component, 2019 - 2022, USD Million
TABLE 62 Spain API Banking Market by Component, 2023 - 2030, USD Million
TABLE 63 Spain API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 64 Spain API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 65 Spain API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 66 Spain API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 67 Italy API Banking Market, 2019 - 2022, USD Million
TABLE 68 Italy API Banking Market, 2023 - 2030, USD Million
TABLE 69 Italy API Banking Market by Component, 2019 - 2022, USD Million
TABLE 70 Italy API Banking Market by Component, 2023 - 2030, USD Million
TABLE 71 Italy API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 72 Italy API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 73 Italy API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 74 Italy API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 75 Rest of Europe API Banking Market, 2019 - 2022, USD Million
TABLE 76 Rest of Europe API Banking Market, 2023 - 2030, USD Million
TABLE 77 Rest of Europe API Banking Market by Component, 2019 - 2022, USD Million
TABLE 78 Rest of Europe API Banking Market by Component, 2023 - 2030, USD Million
TABLE 79 Rest of Europe API Banking Market by Deployment, 2019 - 2022, USD Million
TABLE 80 Rest of Europe API Banking Market by Deployment, 2023 - 2030, USD Million
TABLE 81 Rest of Europe API Banking Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 82 Rest of Europe API Banking Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 83 Key Information – BankProv
TABLE 84 Key Information – Razorpay Software Private Limited
TABLE 85 Key Information – Jambopay Express Pvt Ltd
TABLE 86 Key Information – Google LLC
TABLE 87 Key Information – Tibco Software, Inc.
TABLE 88 Key Information – Oracle Corporation
TABLE 89 Key Information – Infosys Limited
TABLE 90 Key Information – IBM Corporation
TABLE 91 Key Information – SAP SE
TABLE 92 Key Information – Salesforce, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe API Banking Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting API Banking Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2021, Feb – 2023, Feb) Leading Players
FIG 8 Porter’s Five Forces Analysis - API Banking Market
FIG 9 Europe API Banking Market share by Component, 2022
FIG 10 Europe API Banking Market share by Component, 2030
FIG 11 Europe API Banking Market by Component, 2019 - 2030, USD Million
FIG 12 Europe API Banking Market share by Deployment, 2022
FIG 13 Europe API Banking Market share by Deployment, 2030
FIG 14 Europe API Banking Market by Deployment, 2019 - 2030, USD Million
FIG 15 Europe API Banking Market share by Enterprise Size, 2022
FIG 16 Europe API Banking Market share by Enterprise Size, 2030
FIG 17 Europe API Banking Market by Enterprise Size, 2019 - 2030, USD Million
FIG 18 Europe API Banking Market share by Country, 2022
FIG 19 Europe API Banking Market share by Country, 2030
FIG 20 Europe API Banking Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: BankProv
FIG 22 Recent strategies and developments: Razorpay Software Private Limited
FIG 23 SWOT Analysis: Razorpay Software Private Limited
FIG 24 SWOT Analysis: Google LLC. (Alphabet Inc)
FIG 25 SWOT Analysis: Oracle Corporation
FIG 26 SWOT Analysis: Infosys Limited
FIG 27 Recent strategies and developments: IBM corporation
FIG 28 Swot Analysis: IBM Corporation
FIG 29 SWOT Analysis: SAP SE
FIG 30 SWOT Analysis: Salesforce.com, Inc.