Embedded Banking Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032
The embedded banking market would develop at a considerable CAGR of roughly 22.1% between 2022 and 2032, according to Future Market Insights’ (FMI) embedded banking industry report. The market will be valued at US$ 14.5 Billion by 2022 and US$ 106.8 Billion by 2032 according to the analysis.
Embedded finance has already begun to expedite financial operations in both consumer and business transactions by lowering the barriers to entry for various products and services, according to Future Market Insights.
The introduction of financial services or instruments, normally obtained through a bank, within the products or services of a non-financial company is referred to as embedded finance.
People used to have to physically go to a bank to get a loan, or a business buyer would have to spend hours filling out paperwork to get trade credit. These services are now commonly available at retail locations.
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Another compelling reason to invest in embedded banking is the potential for additional income. By adding embedded services to existing services, technology companies can help users increase revenue by more than 5X when compared to registering independent software.
More revenue is generated by exchanges, loans, and other FinTech features. As a result, an increasing number of FinTech companies are forming because they see significant growth opportunities in the future. Various FinTech companies use brand strength, distribution potential, and existing close customer relationships to generate new revenue streams.
Key Takeaways:
- By solution, the embedded banking platform API segment is estimated to grow at a robust CAGR of 0% through 2032.
- Based on organizations, sales in the large organizations segment is anticipated to grow at a CAGR of 1% over the forecast period.
- Demand in the U.S. is expected to increase at a CAGR of around 9% through 2032.
- Embedded banking market in China is estimated to grow at a substantial CAGR of 8% in the forecast period. The country is anticipated to record an absolute opportunity of ~US$ 11.5 Billion over the forecast period.
Competition Landscape
Bankable, Banxware, Bond, Cross River, Finix, Flywire, Marqeta, MX, OpenPayd, Plaid, Q2, Railsbank, Synapse, Tink, and UNIPaaS Payments Technologies are some of the leading players operating in the global embedded banking market.
More Valuable Insights on Embedded Banking Market
Future Market Insight’s report on the embedded banking industry research is segmented into four major sections – solution (embedded banking platform API and services (payment processing, lending, contactless payment, card issuing, bank transfer, and others)), organization size (small and mid-sized organizations, and large organizations), end-user (banks, FinTech corporations, investment firms, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the embedded banking demand outlook.
Embedded Banking Outlook by Category
By Solution:
- Embedded Banking Platform API
- Services
By Organization Size:
- Small and Mid-Sized Organizations
- Large Organizations
By End-user:
- Banks
- FinTech Corporations
- Investment Firms
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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