Unlock What Growth Banking-as-a-Service (BaaS) Market May See in Future; Participants Still Eyeing Growth in Market

Banking-as-a-Service (BaaS) Market Latest Edition Published with Forecast to 2028
  • Sep 21, 2023
  • Amit
  • Banks
  • AMA Research
The article cited AMA's Global Banking-as-a-Service (BaaS) Market Study explored substantial growth with CAGR of %. According the report, The rising adoption of retail banking, as well as the third-party registrations in the UK and EU for open banking access, has unlocked capabilities towards baking as a service. For example, the retail lending in India has a growth rate (CAGR) of 16.2% over the FY2013 among emerging markets and thus improving the standard of BaaS from a different genre. is one of the primary growth factors for the market. Cumulating Demand for Digital Money among People has Increased the Market Potential of the BaaS is also expected to contribute significantly to the Banking-as-a-Service (BaaS) market. Overall, Government applications of Banking-as-a-Service (BaaS), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as SolarisBank (Germany), PayPal (United States), Fidor Bank (Germany), Moven (United States), Prosper Marketplace (United States), Braintree (United States), Coinbase (United States), GoCardless (United Kingdom), Oanda Corporation (United States), Currency Cloud (United Kingdom), Intuit (United States), Gemalto (The Netherlands) and Invoicera (India) may see astonishing sales in this Market and certainly improve revenue growth.


The , such as , is boosting the Banking-as-a-Service (BaaS) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.


AMA’s Analyst on the Global Banking-as-a-Service (BaaS) market identified that the demand is rising in many different parts of the world as "Digital banking & cards are providing an opportunity in this market. In this type of opportunity, the client can use these cards as a backbone to build retail or SME banking offerings. For example, Penta is one of the offerings from SolarisBank. This has also gained interest from traditional banks to build a new digital subsidiary or retail or online companies, which would like to offer their customers their own bank account or the payment card.". Furthermore, some recent industry insights like "In March 2018, SolarisBank Company, which claims nearly 60 corporate clients who offer various financial services powered by solarisBank, has closed €56.6 million in Series B funding in a round that includes a number of new strategic and financial investors. Particularly, they include Spanish banking giant BBVA that upped its investment in the U.K. challenger bank Atom Visa, Lakestar, and ABN AMRO’s Digital Impact Fund (DIF)." is constantly making the industry dynamic. One of the challenges that industry facing is "High Initial Cost Required by the investors to Invest in BaaS and Conventionally, Banking Services have Remained within the Closed Confines of Banking Institutions this has Hindered the Reach and Democratization of Banking Services on a Social Scale"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Banking-as-a-Service (BaaS) market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Banking-as-a-Service (BaaS) market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Banking-as-a-Service (BaaS) market tight?
• Which application/end-user category or Product Type [API-based Bank-as-a-Service and Cloud-based Bank-as-a-Service [Infrastructure as a service (IaaS), Banking as a platform (BaaP), FinTech SaaS, Humans as a service (HuaaS)]] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Banking-as-a-Service (BaaS) market and other related sub-markets covered in the study.

o Key & emerging players in the Banking-as-a-Service (BaaS) market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Banking-as-a-Service (BaaS) market size is calculated using market estimation process, the Banking-as-a-Service (BaaS) market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Banking-as-a-Service (BaaS) market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager