Market Size of Germany Banking As A Service Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.60 Billion |
| Market Size (2029) | USD 2.26 Billion |
| CAGR (2024 - 2029) | 7.23 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Banking as A Service Market Analysis
The Germany Banking As A Service Market size is estimated at USD 1.60 billion in 2024, and is expected to reach USD 2.26 billion by 2029, growing at a CAGR of 7.23% during the forecast period (2024-2029).
Banking-as-a-service in Germany is growing significantly and is expected to grow three times in the next few years. Germany is the largest market for banking-as-a-service (BaaS) platforms due to the strong presence of banking-as-a-service (BaaS) platform providers, which accounts for approximately 25% of Germany’s market share.
The evolving dynamics of the banking and financial services industry have prompted end-users to embrace innovative digital banking solutions. These solutions provide convenience and efficiency while reducing costs for banks and other service providers, thereby driving market expansion.
The demand for BaaS platforms increased in medium and small-sized enterprises as there is a rise in the adoption of digital banking services across several domains in Germany. Integration of artificial intelligence, blockchain technology, and API services within Internet banking led to the market's growth.
Treezor, a German Banking-as-a-Service (BaaS) and expert in embedded finance continued to develop by obtaining an authorization extension from the German regulator (ACPR) to provide all payment services.
