Bank API connectivity market seen topping $23.69 billion by 2030

By AI, Created 1:41 PM UTC, May 25, 2026, /AGP/ – The bank API connectivity market is projected to grow from $7.62 billion in 2025 to $23.69 billion by 2030, driven by real-time payments, open banking rules and fintech integration. North America led in 2025, while Asia-Pacific is expected to post the fastest growth.

Why it matters: - Bank API connectivity is becoming core plumbing for digital banking, linking banks with third-party platforms for faster data sharing, payments and account access. - The market’s projected expansion signals more investment in open banking, real-time transactions and software layers that connect legacy banking systems to modern financial apps. - Faster API-driven payments can improve customer experience and settlement speed for consumers and businesses.

What happened: - The Business Research Company projected the bank application programming interface connectivity market will rise from $7.62 billion in 2025 to $9.55 billion in 2026. - The report forecast the market will reach $23.69 billion by 2030, implying a 25.5% CAGR from 2026 to 2030. - North America held the largest share of the market in 2025. - Asia-Pacific is expected to be the fastest-growing region during the forecast period. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - A free sample report and the full report are available online.

The details: - Bank API connectivity is a secure digital infrastructure that allows banks to share financial data and services with authorized third parties through standardized interfaces. - The setup enables real-time access to customer accounts, payments and transaction information. - The market’s growth is tied to digital transformation in banking, fintech partnerships, demand for mobile and online banking, core banking modernization and more efficient payment processing. - The report also points to open banking regulations, real-time financial data exchange, wider use of API-powered financial ecosystems, AI in banking and interoperability between financial platforms as growth drivers through 2030. - Emerging trends include open banking API standards, real-time payment initiation through APIs, stronger API security and identity-based access management, developer-centric banking platforms and API marketplaces, and modernization of legacy banking systems. - The report says 2026 editions now include market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technology analysis and updated graphics and tables.

Between the lines: - Real-time payments are a major demand signal for API connectivity because banks need secure systems that can move data and money almost instantly across multiple platforms. - The report uses The Clearing House’s RTP network as evidence of that demand, noting 343 million real-time transactions worth $246 billion in 2024. - The Clearing House said the average transaction value on the RTP network rose to $719 from $514 year over year, suggesting broader adoption for both consumer and business payments. - The market forecast reflects a shift from basic digital banking access toward interoperable, API-led financial ecosystems.

What’s next: - Open banking rules, AI adoption and the push for real-time payment infrastructure are expected to keep expanding demand for bank API connectivity through 2030. - Banks and fintechs are likely to keep investing in API standards, security controls and modernization layers that connect older systems to newer platforms. - The report expects continued regional divergence, with North America retaining a large share and Asia-Pacific posting the fastest growth.

The bottom line: - Bank API connectivity is moving from a technical enabler to a major growth market as banks race to support faster, more connected and more secure digital finance.