Report on Global PSD2 and Open Banking Market by

2024-2032 Report on Global PSD2 and Open Banking Market by Player, Region, Type, Application and Sales Channel

Report on Global PSD2 and Open Banking Market by

2024-2032 Report on Global PSD2 and Open Banking Market by Player, Region, Type, Application and Sales Channel

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The PSD2 and Open Banking Market market, estimated at $USD 120 Billion billion in 2030, is set for substantial growth, driven by an anticipated compound annual growth rate (CAGR) of 25% from 2024 to 2030.

The latest comprehensive report on the PSD2 and Open Banking Market market covers various industry organizations from different geographies to develop a 104+ page report. The study is a perfect mix of qualitative and quantitative information, highlighting key market developments, challenges that the industry and competition are facing, along with gap analysis, and new opportunities available. It may trend in PSD2 and Open Banking Market market. The report bridges the historical data from 2019 to 2024 and forecasts till 2030, the product outline, the organization’s required raw materials, and other growth factors. This report provides an in-depth analysis of the market segmentation that includes products, applications, and geographical analysis. PSD2 and Open Banking Market market report delivers a close watch on leading competitors with strategic analysis, micro and macro market trends and scenarios, pricing analysis, and a complete overview of the industry situation during the forecast period.

PSD2 and Open Banking Market Market Overview
The Smart PSD2 (Payment Services Directive 2) and Open Banking market is driven by the growing need for secure, seamless financial transactions through technology-driven banking solutions. Open Banking allows third-party providers to access banking data through secure APIs, while PSD2 regulations ensure enhanced security and customer control over financial data. The combination of these two innovations is transforming the global financial services industry by promoting transparency, fostering innovation, and improving customer experiences. The market is expanding due to increased adoption by banks, fintech companies, and regulators supporting this shift towards more open and customer-centric financial ecosystems.

The PSD2 and Open Banking Market market is driven by several factors, including:



2024 Emerging Trends in PSD2 and Open Banking Market Industry
Key trends driving the Smart PSD2 and Open Banking market include the rise of API-based open banking platforms, integration of Artificial Intelligence (AI) and Machine Learning (ML) for fraud prevention, and increasing demand for seamless, real-time payment solutions. Additionally, blockchain and distributed ledger technologies are gaining traction in enhancing the security of open banking systems. Consumers are increasingly valuing transparency, which is driving banks and fintech companies to adopt open banking systems that enable easier access to their financial data.



PSD2 and Open Banking Market Market Restraints: An In-Depth Analysis for 2024
Despite the significant growth, the PSD2 and Open Banking market faces several challenges. One major restraint is the regulatory complexity in different regions, which may cause delays in implementation and market fragmentation. Privacy concerns related to data sharing and security vulnerabilities, such as potential data breaches, also limit adoption. Moreover, there is a need for significant investments in technology infrastructure, which can be a barrier for smaller financial institutions and fintech startups.

Growth Opportunities in the PSD2 and Open Banking Market Market for 2024
The increasing need for digital payment solutions and the rising adoption of online banking across the globe present significant opportunities in this market. Governments and financial institutions are promoting regulatory frameworks for open banking, which is accelerating the development of customer-centric applications, such as personal finance management tools, lending platforms, and payment services. The market is also expanding with the adoption of Artificial Intelligence (AI) and machine learning (ML) technologies in fraud detection and risk management.

Key Challenges Facing the PSD2 and Open Banking Market Market in 2024
The Smart PSD2 and Open Banking market faces several challenges. These include the need for standardization of APIs across regions, integration challenges for legacy banking systems, and customer reluctance in sharing their financial data with third parties. Furthermore, the rapid evolution of cybersecurity threats, such as phishing attacks and data breaches, poses significant challenges in ensuring data protection and maintaining trust in the open banking ecosystem.

PSD2 and Open Banking Market Market Segmentation
By Types, PSD2 and Open Banking Market Market is segmented as:
  • Current Account_x000D_
  • Payment_x000D_
  • Credit_x000D_
  • Investments_x000D_
  • Others_x000D_
  • _x000D_

By Applications, the PSD2 and Open Banking Market Market is segmented as:
  • SMEs_x000D_
  • Large Enterprises_x000D_
  • _x000D_

PSD2 and Open Banking Market, by Region
  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
  • South America (Brazil, Argentina and Colombia etc.)
  • Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)


The segment is expected to secure a significant share of the industry in the coming years, driven by its increasing adoption and strategic advantages. Meanwhile, the Europe region is projected to lead the market, fueled by rapid industrial growth, technological advancements, and expanding investments. This growth is further supported by favorable government policies and rising demand across key industries. Additionally, increasing collaborations and market expansions by leading players continue to strengthen the competitive landscape.

Competitive Landscape
The Smart PSD2 and Open Banking market is highly competitive with numerous players, including established banks, fintech startups, and technology providers. Leading players are focusing on innovations in API technology and partnerships with third-party providers to offer integrated financial solutions. Major banks and financial institutions are collaborating with fintech companies to create new payment solutions and enhance customer experiences. The market is also seeing the rise of challenger banks and neo-banks that focus on providing fully digital, open banking experiences.

Key Companies Profiled
  • DemystData_x000D_
  • figo GmbH_x000D_
  • Finastra_x000D_
  • FormFree_x000D_
  • Jack Henry & Associates_x000D_
  • Mambu GmbH_x000D_
  • MineralTree_x000D_
  • NCR Corporation_x000D_
  • Accern_x000D_
  • D3 Technology_x000D_
  • DemystData_x000D_
  • Malauzai Software_x000D_
  • _x000D_

These companies are undertaking various expansion strategies, such as new product development, partnerships, and acquisitions, to improve their market share and cater to the growing demand for PSD2 and Open Banking Market across the globe.
Recent Developments in the PSD2 and Open Banking Market Industry
Increased collaboration between banks and fintechs, growth of embedded finance, and the rise of open banking platforms.


Key Target Audience
Banks
Fintech companies
Third-party payment service providers
Regulators
Financial institutions
Digital wallets and payment solution providers
Technology vendors offering open banking infrastructure
Consumers seeking seamless digital banking services
Chapter 1: Introduction of PSD2 and Open Banking Market Market
  • 1.1 Research Objective
  • 1.2 Scope of the Study
  • 1.3 Definition
  • 1.4 Assumptions & Limitations

Chapter 2: Executive Summary
  • 2.1 Market Snapshot

Chapter 3: Market Dynamics Analysis and Trends
  • 3.1 Market Dynamics
    • 3.1.1 Market Growth Drivers
    • 3.1.2 Market Restraints
    • 3.1.3 Available Market Opportunities
    • 3.1.4 Influencing Trends

Chapter 4: Market Factor Analysis
  • 4.1 Porter’s Five Forces Analysis
  • 4.2 Bargaining power of suppliers
  • 4.3 Bargaining power of buyers
  • 4.4 Threat of substitute
  • 4.5 Threat of new entrants
  • 4.6 Porter's Five Forces Analysis
  • 4.7 Value Chain Analysis
  • 4.8 Market Impact Analysis
  • 4.9 Regional Impact
  • 4.10 Pricing Analysis
  • 4.11 Import-Export Analysis

Chapter 5: Competitive Landscape
  • 5.1 Company Market Share/Positioning Analysis
  • 5.2 Key Strategies Adopted by Players
  • 5.3 Vendor Landscape
    • 5.3.1 List of Suppliers
    • 5.3.2 List of Buyers

Chapter 6: PSD2 and Open Banking Market Market Company Profiles
  • 6.1 Competitive Landscape
    • 6.1.1 Competitive Benchmarking
    • 6.1.2 PSD2 and Open Banking Market Market Share by Manufacturer (2023)
    • 6.1.3 Industry BCG Matrix
    • 6.1.4 Heat Map Analysis
    • 6.1.5 Mergers and Acquisitions
  • 6.2 DemystData figo GmbH Finastra FormFree Jack Henry & Associates Mambu GmbH MineralTree NCR Corporation Accern D3 Technology DemystData Malauzai Software
    • 6.2.1 Company Overview
    • 6.2.2 Product/ Services Offerings
    • 6.2.3 SWOT Analysis
    • 6.2.4 Financial Performance
    • 6.2.5 KEY Strategies
    • 6.2.6 Key Strategic Moves and Recent Initiatives

Chapter 7: PSD2 and Open Banking Market Market, By Type
  • 7.1 Overview
    • 7.1.1 Market size and forecast
  • 7.2 Current Account Payment Credit Investments Others
    • 7.2.1 Key market trends, factors driving growth, and opportunities
    • 7.2.2 Market Size Estimates and Forecasts to 2032, by region
    • 7.2.3 Market analysis by country

Chapter 8: PSD2 and Open Banking Market Market, By Application
  • 8.1 Overview
    • 8.1.1 Market size and forecast
  • 8.2 SMEs Large Enterprises
    • 8.2.1 Key market trends, factors driving growth, and opportunities
    • 8.2.2 Market Size Estimates and Forecasts to 2032, by region
    • 8.2.3 Market analysis by country

Chapter 9: PSD2 and Open Banking Market Market By Region
  • 9.1 Overview

Chapter 10: Analyst Viewpoint and Conclusion
  • 10.1 Recommendations and Concluding Analysis
  • 10.2 Potential Market Strategies

Chapter 11: RESEARCH METHODOLOGY
  • 11.1 Overview
  • 11.2 Data Mining
  • 11.3 Secondary Research
  • 11.4 Primary Research
    • 11.4.1 Primary Interviews and Information Gathering Process
    • 11.4.2 Breakdown of Primary Respondents
  • 11.5 Forecasting Model
  • 11.6 Market Size Estimation
    • 11.6.1 Bottom-Up Approach
    • 11.6.2 Top-Down Approach
  • 11.7 Data Triangulation
  • 11.8 Validation

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
PSD2 and Open Banking Market Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the PSD2 and Open Banking Market Market trending toward high growth trajectories?
A dynamic process in the PSD2 and Open Banking Market Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like DemystData figo GmbH Finastra FormFree Jack Henry & Associates Mambu GmbH MineralTree NCR Corporation Accern D3 Technology DemystData Malauzai Software.
What is the PSD2 and Open Banking Market Market really preparing for?
Companies in the PSD2 and Open Banking Market Industry will need to adapt swiftly to the behavioral changes that are reshaping consumer decision journeys.
What are the major applications of the PSD2 and Open Banking Market Market?
Depending upon the type of applications, the PSD2 and Open Banking Market Market has been segmented into and other applications.
What is the expected rate of growth in the PSD2 and Open Banking Market Market?
From 2025 to 2030, the PSD2 and Open Banking Market Market is expected to grow at a compound annual growth rate of YY%, reaching a value of USD XXX Million.
Is further segmentation possible given the scope of the PSD2 and Open Banking Market Market study?
Yes, the add-on segmentation is available in the premium customised version of the PSD2 and Open Banking Market Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
How is the competitive landscape for the PSD2 and Open Banking Market Market defined?
Companies in the PSD2 and Open Banking Market Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the PSD2 and Open Banking Market Market's trajectory and future outlook.