Market overview
The global open banking market is worth USD 16.8 bn in 2026 and is forecast to reach USD 87.9 bn by 2036, growing at a 18.0% CAGR. United States is the largest country market and Account data aggregation is the largest by service segment.
| Scope | Open banking: platforms, application programming interfaces and services that let banks share customer account data and initiate payments with consent, sold to banks, fintechs, merchants and lenders. |
|---|---|
| Industry | Technology |
| Value 2025 | USD 14.0 bn |
| Value 2026 | USD 16.8 bn |
| Value 2036 | USD 87.9 bn |
| CAGR 2026-2036 | 18.0% |
| Volume 2026 | 545 million user accounts |
| Volume 2036 | 3,157 million user accounts |
| Average price 2026 | USD 30.8 per user account |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Open Banking market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 16.8 bn |
| 2027 | USD 19.8 bn |
| 2028 | USD 23.4 bn |
| 2029 | USD 27.6 bn |
| 2030 | USD 32.6 bn |
| 2031 | USD 38.4 bn |
| 2032 | USD 45.4 bn |
| 2033 | USD 53.5 bn |
| 2034 | USD 63.1 bn |
| 2035 | USD 74.5 bn |
| 2036 | USD 87.9 bn |
Open Banking market segmentation
By service
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Account data aggregation | 36.0% | 28.0% | USD 6.0 bn | 15.1% |
| Payment initiation | 28.0% | 39.3% | USD 4.7 bn | 22.1% |
| Identity and verification | 14.0% | 14.1% | USD 2.4 bn | 18.1% |
| Bank-side API platforms | 22.0% | 18.6% | USD 3.7 bn | 16.1% |
By customer
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Banks | 36.0% | 28.6% | USD 6.0 bn | 15.3% |
| Fintechs | 30.0% | 33.4% | USD 5.0 bn | 19.3% |
| Merchants and corporates | 22.0% | 26.6% | USD 3.7 bn | 20.3% |
| Lenders and insurers | 12.0% | 11.3% | USD 2.0 bn | 17.3% |
By end use
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Payments | 34.0% | 44.4% | USD 5.7 bn | 21.2% |
| Lending and credit scoring | 26.0% | 24.3% | USD 4.4 bn | 17.2% |
| Personal finance management | 18.0% | 11.9% | USD 3.0 bn | 13.2% |
| Accounting and treasury | 14.0% | 13.1% | USD 2.4 bn | 17.2% |
| Other uses | 8.0% | 6.3% | USD 1.3 bn | 15.2% |
By deployment
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cloud | 66.0% | 74.0% | USD 11.1 bn | 19.4% |
| On-premise | 22.0% | 14.0% | USD 3.7 bn | 12.8% |
| Hybrid | 12.0% | 12.0% | USD 2.0 bn | 18.0% |
By API type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Account information APIs | 38.0% | 34.0% | USD 6.4 bn | 16.7% |
| Payment initiation APIs | 30.0% | 32.0% | USD 5.0 bn | 18.8% |
| Product and KYC data APIs | 16.0% | 18.0% | USD 2.7 bn | 19.4% |
| Premium commercial APIs | 16.0% | 16.0% | USD 2.7 bn | 18.0% |
Top 25 countries for open banking by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 84.5% of 2026 revenue and the 25 countries below together hold 95.0%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 5.0 bn | 30.0% | USD 22.9 bn | 16.3% |
| 2 | United Kingdom | USD 2.7 bn | 16.0% | USD 13.3 bn | 17.3% |
| 3 | Germany | USD 1.3 bn | 8.0% | USD 7.2 bn | 18.3% |
| 4 | France | USD 1.0 bn | 6.0% | USD 5.5 bn | 18.4% |
| 5 | Brazil | USD 840 mn | 5.0% | USD 5.8 bn | 21.3% |
| 6 | India | USD 840 mn | 5.0% | USD 7.4 bn | 24.3% |
| 7 | Netherlands | USD 672 mn | 4.0% | USD 3.6 bn | 18.3% |
| 8 | Australia | USD 672 mn | 4.0% | USD 3.6 bn | 18.3% |
| 9 | Spain | USD 588 mn | 3.5% | USD 3.2 bn | 18.3% |
| 10 | Sweden | USD 504 mn | 3.0% | USD 2.7 bn | 18.4% |
| 11 | Japan | USD 223 mn | 1.3% | USD 1.0 bn | 16.6% |
| 12 | Italy | USD 200 mn | 1.2% | USD 923 mn | 16.5% |
| 13 | Canada | USD 181 mn | 1.1% | USD 906 mn | 17.4% |
| 14 | China | USD 163 mn | 1.0% | USD 809 mn | 17.4% |
| 15 | Singapore | USD 146 mn | 0.9% | USD 756 mn | 17.9% |
| 16 | Switzerland | USD 131 mn | 0.8% | USD 607 mn | 16.6% |
| 17 | United Arab Emirates | USD 119 mn | 0.7% | USD 677 mn | 19.0% |
| 18 | Hong Kong | USD 106 mn | 0.6% | USD 545 mn | 17.8% |
| 19 | Ireland | USD 96 mn | 0.6% | USD 492 mn | 17.8% |
| 20 | South Korea | USD 86 mn | 0.5% | USD 431 mn | 17.5% |
| 21 | Mexico | USD 77 mn | 0.5% | USD 440 mn | 19.0% |
| 22 | Saudi Arabia | USD 71 mn | 0.4% | USD 404 mn | 19.1% |
| 23 | South Africa | USD 62 mn | 0.4% | USD 352 mn | 18.9% |
| 24 | Nigeria | USD 57 mn | 0.3% | USD 325 mn | 19.0% |
| 25 | Poland | USD 50 mn | 0.3% | USD 290 mn | 19.1% |
| Rest of world | USD 835 mn | 5.0% | USD 3.8 bn | 16.5% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Plaid
- Mastercard
- Visa
- Fiserv
- FIS
- Envestnet Yodlee
- Tink
Group 2: Regional and specialist players
- TrueLayer
- Yapily
- Token.io
- Salt Edge
- GoCardless
- Fintecture
- Finastra
- MX Technologies
- Codat
- Bud Financial
Group 3: Emerging and niche players
- Belvo
- Fintoc
- Setu
- Basiq
- Akoya
- Pluggy
- Mono
- Prometeo
- Finverse
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the open banking market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 18.0% is calculated from the resulting values.
The market is divided by service, by customer, by end use, by deployment, by api type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the open banking market?
The global open banking market is estimated at USD 14.0 bn in 2025 and USD 16.8 bn in 2026.
How fast will the open banking market grow?
It is forecast to reach USD 87.9 bn by 2036, a compound annual growth rate of 18.0% from 2026, an increase of USD 71.1 bn.
Which country is the largest market for open banking?
United States is the largest market by revenue at USD 5.0 bn in 2026, 30.0% of the global total. The three largest countries together hold 54.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 24.3% a year from 2026 to 2036.
Which open banking segment is largest?
In the by service split, Account data aggregation is the largest segment with 36.0% of 2026 revenue.
Who are the leading open banking companies?
Global leaders include Plaid, Mastercard, Visa, Fiserv.
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