Pune, Maharashtra -- (SBWIRE) -- 10/03/2023 -- The PSD2 and Open Banking Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Token (United Kingdom), Direct ID (United Kingdom), Envestnet | Yodlee (United States), Salt Edge (Canada), Yapily (United Kingdom), Basiq (Australia), Cleo (United States), Currensea (United Kingdom), Tink (Sweden), Bud (United States).
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According to HTF Market Intelligence, the Global PSD2 and Open Banking market is segmented by Application (Commercial, Industrial) by Type (PSD2, Open Banking) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
PSD2 and Open Banking are two related regulatory initiatives that aim to promote competition, innovation, and security in the banking and financial services industry.PSD2 (Payment Services Directive 2) is a European Union directive that regulates payment services within the EU. It requires banks and other payment service providers to provide access to customer account information and payment initiation services to third-party providers, with the customer's explicit consent. This is known as "open banking" and it allows for the development of new financial services and products by fintech companies and other third-party providers.PSD2 and Open Banking are expected to drive innovation and competition within the financial services industry, as well as increase security and customer control over their financial data. However, there are concerns about data privacy and security, as well as potential challenges for banks and financial institutions in implementing the necessary technological changes to comply with the new regulations.
PSD2 and Open Banking Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Token (United Kingdom), Direct ID (United Kingdom), Envestnet | Yodlee (United States), Salt Edge (Canada), Yapily (United Kingdom), Basiq (Australia), Cleo (United States), Currensea (United Kingdom), Tink (Sweden), Bud (United States)
Additionally, Past PSD2 and Open Banking Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors SWOT analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the PSD2 and Open Banking market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
PSD2 and Open BankingProduct Types In-Depth: PSD2, Open Banking
PSD2 and Open Banking Major Applications/End users: Commercial, Industrial
PSD2 and Open Banking Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article, buy an individual chapter if not interested in a full study or avail of regional or limited scope reports like America or West Europe, or East Asia & Pacific or Country Specific reports like Japan, China, United States, and the United Kingdom, etc.
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