Global Application Programming Interface (API) Banking Market 2025-2035
Description
Global Application Programming Interface (API) Banking Market Size, Share & Trends Analysis Report by Application (Personal Banking, Corporate Banking, Wealth Management, and Others), by Deployment (On-Premises and Cloud), by Component (Solution, and Service), and by Enterprise Size (Large Enterprises and Small and Mid-Sized Enterprises (SMEs)), Forecast (2025-2035)
Industry Outlook
Application programming interface (API) banking market is anticipated to grow at a CAGR of 11.5% during the forecast period (2025-2035). Factors such as increasing demand for seamless digital banking experiences and the rising adoption of open banking frameworks globally drive the market growth. Financial institutions are leveraging APIs to offer innovative, customer-centric services while enhancing operational efficiency and enabling secure data sharing with third-party providers. Furthermore, the surge in mobile banking, fintech partnerships, and the need for real-time payment processing have significantly accelerated the demand for robust API banking platforms.
Segmental Outlook
The cloud sub-segment is expected to hold a considerable share of the global API banking market. APIs for businesses are growing and increasingly required to integrate heritage and modern IT systems, while efficiently managing the data in large amounts. The growing demand for cloud-country APIs is estimated to create new trade opportunities. Additionally, cloud computing, technological progression, accelerating digital changes, and increasing operational efficiency, such as the API expected to increase market growth.
Regional Outlook
The global application programming interface (API) banking market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market around the globe. Various government financial organizations, such as the Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI), are increasingly focusing on promoting open banking, in turn encouraging the utilization of API.
The North America Region is Expected to Grow at a Significant CAGR in the Global Application Programming Interface (API) Banking.
The North American application programming interface (API) banking market is experiencing robust growth driven by the region's rapid digital transformation in the financial services sector. Banks and financial institutions are increasingly adopting API-based architectures to enhance customer experience, streamline operations, and foster innovation through open banking initiatives. Regional growth is attributed to the strict adherence to regulations, robust cybersecurity preparedness, market participants' cooperative efforts, growing cyberthreats, and developments in the economy and technology. The presence of major BFSI players, the early adoption of digital banking solutions, and government regulations promoting open banking. For instance, in June 2021, HSBC launched an Application Programming Interface (API), which they can integrate the bank’s API solutions into their products.
Market Players Outlook
The major companies serving the global application programming interface (API) banking market include Noda, Cross Riverbank, Plaid, Yodlee, Tink, TrueLayer, and others. These market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
Recent Developments
Industry Outlook
Application programming interface (API) banking market is anticipated to grow at a CAGR of 11.5% during the forecast period (2025-2035). Factors such as increasing demand for seamless digital banking experiences and the rising adoption of open banking frameworks globally drive the market growth. Financial institutions are leveraging APIs to offer innovative, customer-centric services while enhancing operational efficiency and enabling secure data sharing with third-party providers. Furthermore, the surge in mobile banking, fintech partnerships, and the need for real-time payment processing have significantly accelerated the demand for robust API banking platforms.
Segmental Outlook
- Based on the application, the market is segmented into personal banking, corporate banking, wealth management, and others (customer, payment, and transaction information).
- Based on the deployment, the market is segmented into on-premises and cloud.
- Based on the component, the market is segmented into solutions and services.
- Based on the component, the market is segmented into large enterprises and small and mid-sized enterprises (SMEs).
The cloud sub-segment is expected to hold a considerable share of the global API banking market. APIs for businesses are growing and increasingly required to integrate heritage and modern IT systems, while efficiently managing the data in large amounts. The growing demand for cloud-country APIs is estimated to create new trade opportunities. Additionally, cloud computing, technological progression, accelerating digital changes, and increasing operational efficiency, such as the API expected to increase market growth.
Regional Outlook
The global application programming interface (API) banking market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market around the globe. Various government financial organizations, such as the Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI), are increasingly focusing on promoting open banking, in turn encouraging the utilization of API.
The North America Region is Expected to Grow at a Significant CAGR in the Global Application Programming Interface (API) Banking.
The North American application programming interface (API) banking market is experiencing robust growth driven by the region's rapid digital transformation in the financial services sector. Banks and financial institutions are increasingly adopting API-based architectures to enhance customer experience, streamline operations, and foster innovation through open banking initiatives. Regional growth is attributed to the strict adherence to regulations, robust cybersecurity preparedness, market participants' cooperative efforts, growing cyberthreats, and developments in the economy and technology. The presence of major BFSI players, the early adoption of digital banking solutions, and government regulations promoting open banking. For instance, in June 2021, HSBC launched an Application Programming Interface (API), which they can integrate the bank’s API solutions into their products.
Market Players Outlook
The major companies serving the global application programming interface (API) banking market include Noda, Cross Riverbank, Plaid, Yodlee, Tink, TrueLayer, and others. These market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
Recent Developments
- In September 2024, Wells Fargo announced the launch of specialized application programming interfaces (APIs) tailored for its Commercial Banking clients.
- In April 2024, Standard Chartered accelerates API adoption with the launch of a new Open Banking Marketplace. The objective of streamlining business-to-bank collaboration, corporates who are keen to partner with the Bank in their digital transformation can benefit from a shorter discovery and implementation process, by allowing their developers to start coding and plugging into the Bank’s open banking ecosystem to simulate the experience almost immediately.
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global application programming interface (API) banking market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
190 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Application Programming Interface (API) Banking Market Sales Analysis – Application | Deployment |Component | Enterprise Size ($ Million)
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Global Application Programming Interface (API) Banking Industry Trends
- 2.2.2. Market Recommendations
- 2.2.3. Conclusion
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For the Global API Banking Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the Global API Banking Market: Impact Analysis
- 3.3. Market Opportunities
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Application Programming Interface (API) Banking Market Revenue by Manufacturers
- 4.2. Key Company Analysis
- 4.2.1. Overview
- 4.2.2. Product Portfolio
- 4.2.3. Financial Analysis (Subject to Data Availability)
- 4.2.4. SWOT Analysis
- 4.2.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Application Programming Interface (API) Banking Market by Application ($ Million)
- 5.1. Personal Banking
- 5.2. Corporate Banking
- 5.3. Wealth Management
- 5.4. Others (Customer, Payment, and Transaction Information)
- 6. Global Application Programming Interface (API) Banking Market by Deployment ($ Million)
- 6.1. On-Premise
- 6.2. Cloud
- 7. Global Application Programming Interface (API) Banking Market by Component ($ Million)
- 7.1. Solution
- 7.2. Service
- 8. Global Application Programming Interface (API) Banking Market by Enterprise Size ($ Million)
- 8.1. Large Enterprise
- 8.2. Small and Mid-Sized Enterprises (SMEs)
- 9. Regional Analysis
- 9.1. North American Application Programming Interface (API) Banking Market Sales Analysis – Application | Deployment |Component| Enterprise Size | Country ($ Million)
- 9.1.1. United States
- 9.1.2. Canada
- 9.2. European Application Programming Interface (API) Banking Market Sales Analysis – Application | Deployment |Component| Enterprise Size | Country ($ Million)
- 9.2.1. UK
- 9.2.2. Germany
- 9.2.3. Italy
- 9.2.4. Spain
- 9.2.5. France
- 9.2.6. Russia
- 9.2.7. Rest of Europe
- 9.3. Asia-Pacific Application Programming Interface (API) Banking Market Sales Analysis – Application | Deployment |Component| Enterprise Size | Country ($ Million)
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.3.4. India
- 9.3.5. Australia & New Zealand
- 9.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And others)
- 9.3.7. Rest of Asia-Pacific
- 9.4. Rest of the World Application Programming Interface (API) Banking Market Sales Analysis – Application | Deployment |Component| Enterprise Size | Country ($ Million)
- 9.4.1. Latin America
- 9.4.2. Middle East and Africa
- 10. Company Profiles
- 10.1. BankiFi Technology Ltd.
- 10.2. Basiq Pty Ltd.
- 10.3. FinanceKey Ltd.
- 10.4. Finastra
- 10.5. Jack Henry & Associates Inc.
- 10.6. Mambu B.V.
- 10.7. Merge API, Inc.
- 10.8. nCino Inc.
- 10.9. NewDay
- 10.10. Oracle Corp.
- 10.11. Plaid Financial Ltd.
- 10.12. Powens
- 10.13. Q2 Software, Inc.
- 10.14. Salt Edge Inc.
- 10.15. Sopra Banking Platform
- 10.16. Swoop Finance Ltd.
- 10.17. Tink AB
- 10.18. TOKEN, INC.
- 10.19. Worldline Group S.A.
- 10.20. Zeta Services Inc.
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
