Global Embedded Banking Market Size study, by Type, by Industry Vertical and Regional Forecasts 2022-2032

Description

Global Embedded Banking Market was valued at approximately USD 17.06 billion in 2023 and is anticipated to grow with a remarkable compound annual growth rate CAGR of 23.89% over the forecast period from 2024-2032. Embedded banking signifies a transformative approach to financial services, integrating banking functionalities directly into non-banking platforms and applications to streamline financial management and transactions for consumers. This innovative framework leverages Application Programming Interfaces (APIs) to connect traditional banks with third-party platforms, such as e-commerce sites, mobile applications, and IoT devices, thereby enhancing accessibility and efficiency.

Global Embedded Banking Market is driven by proliferation of Banking as a Service and digitalization in banking sector is a propelling the growth of the market. BaaS empowers non-banking entities, including fintech companies and e-commerce platforms, to seamlessly incorporate banking services into their offerings. Concurrently, the extensive digitalization within the banking sector has significantly fueled market demand. Moreover, the market holds substantial opportunities, particularly through the diversification of revenue streams for non-banking entities. Through integrating banking services into their platforms, businesses can enhance their revenue through fees, commissions, or interest from financial transactions, thus driving overall profitability and market expansion. However, the market's expansion is hindered by lack of digital literacy in emerging economies and growing data privacy concerns is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Embedded Banking Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the embedded banking market share in 2023, driven by its advanced technological landscape and robust fintech ecosystem. The region has been at the forefront of technological innovation, accelerating the development and adoption of embedded banking solutions. Conversely, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period. The rapid adoption of digital and mobile technologies, along with a 'mobile-first' mindset, positions the region favorably for embracing digital-friendly embedded banking solutions.

Major market players included in this report are:

Moshpit Technologies, Inc
Cybrid Inc
EdgeVerve Systems Limited
Payrix
Lendflow
Finastra
Zopa Bank Limited
Fiserv, Inc
PayPal Holdings, Inc
Stripe, Inc

The detailed segments and sub-segment of the market are explained below:

By Type:

Payment Processing
Lending
Contactless Payment
Wealth Management
Others

By Industry Vertical:

Retail and E-commerce
Transportation and Logistics
Healthcare
Media and Entertainment
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Embedded Banking Market Executive Summary

1.1. Global Embedded Banking Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Embedded Banking Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Embedded Banking Market Dynamics

3.1. Market Drivers
- 3.1.1. Rise in Banking as a Service (BaaS)
- 3.1.2. Digitalization in Banking Sector
3.2. Market Challenges
- 3.2.1. Lack of Digital Literacy in Emerging Countries
- 3.2.2. Security and Data Privacy Concerns
3.3. Market Opportunities
- 3.3.1. Diversified Revenue Streams for Non-Banking Entities

Chapter 4. Global Embedded Banking Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Embedded Banking Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Embedded Banking Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Payment Processing
- 5.2.2. Lending
- 5.2.3. Contactless Payment
- 5.2.4. Wealth Management
- 5.2.5. Others

Chapter 6. Global Embedded Banking Market Size & Forecasts by Industry Vertical 2022-2032

6.1. Segment Dashboard
6.2. Global Embedded Banking Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Retail and E-commerce
- 6.2.2. Transportation and Logistics
- 6.2.3. Healthcare
- 6.2.4. Media and Entertainment
- 6.2.5. Others

Chapter 7. Global Embedded Banking Market Size & Forecasts by Region 2022-2032

7.1. North America Embedded Banking Market
- 7.1.1. U.S. Embedded Banking Market
  - 7.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Industry Vertical breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Embedded Banking Market
7.2. Europe Embedded Banking Market
- 7.2.1. U.K. Embedded Banking Market
- 7.2.2. Germany Embedded Banking Market
- 7.2.3. France Embedded Banking Market
- 7.2.4. Spain Embedded Banking Market
- 7.2.5. Italy Embedded Banking Market
- 7.2.6. Rest of Europe Embedded Banking Market
7.3. Asia-Pacific Embedded Banking Market
- 7.3.1. China Embedded Banking Market
- 7.3.2. India Embedded Banking Market
- 7.3.3. Japan Embedded Banking Market
- 7.3.4. Australia Embedded Banking Market
- 7.3.5. South Korea Embedded Banking Market
- 7.3.6. Rest of Asia Pacific Embedded Banking Market
7.4. Latin America Embedded Banking Market
- 7.4.1. Brazil Embedded Banking Market
- 7.4.2. Mexico Embedded Banking Market
- 7.4.3. Rest of Latin America Embedded Banking Market
7.5. Middle East & Africa Embedded Banking Market
- 7.5.1. Saudi Arabia Embedded Banking Market
- 7.5.2. South Africa Embedded Banking Market
- 7.5.3. Rest of Middle East & Africa Embedded Banking Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Moshpit Technologies, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Cybrid Inc.
- 8.3.3. EdgeVerve Systems Limited
- 8.3.4. PAYRIX
- 8.3.5. Lendflow
- 8.3.6. Finastra
- 8.3.7. Zopa Bank Limited
- 8.3.8. Fiserv, Inc
- 8.3.9. PayPal Holdings, Inc
- 8.3.10. Stripe, Inc

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes