Managing the Chaos of Bank Big Data in the Context of Open Banking

If we were to say that every day, across the world, over 2.5 quintillion bytes of data are generated, it might be a very grandiose way of explaining the power of Big Data, but it doesn’t make it any easier to understand. Even if we were to say that it’s ‘25’ with 29 zeros after it, it doesn’t help much. So, let’s try a little exercise to better get to grips with it: if we divided the surface of the Earth into sections of one square millimetre each, we would need to put about 5,000 gigabytes of data in each of those little sections in order to store all the data that’s produced… per day. Staggering, right?

With this image in your head, it’s much easier to understand why this data is so relevant for those who want to make commercial use of it and, above all, the importance of being able to handle some dizzying figures where about 80% are made up of unstructured data.

In the banking sector, organisations are using Open Banking technology to unravel this data and use it to create commercial strategies and opportunities. There’s an enormous amount of unstructured data available online in the form of audio and visual content and social footprints. The prize goes to the one who can untangle it all and most accurately analyse it.

It’s in this context that the market research specialists Reports and Markets have recently released their report entitled “Global Open Banking Market 2019”, a “professional in-depth study on the current state” of this industry, featuring some of the key players operating in this market.

This report provides a basic overview of the industry, including definitions and classifications. The analysis of the Open Banking market includes analysis of international markets, developing trends, the competitive landscape and the development status in key regions. The report also discusses policies and plans for development, as well as analysing manufacturing processes and cost structures, and furthermore, it establishes the consumption and supply and demand of import/export, with figures, costs, prices, revenue and gross margins.

It also examines technology manufacturers in terms of their manufacturing base, basic information and competitors, and the analysis of both the technology and the product type introduced by each one of these manufacturers forms another key part of this report. According to the authors, “it provides information that is not available in any other published source”, including trend factors that influence the market shares of America, APAC, Europe and MEA.

“It also includes analysis tools such as SWOT analysis and Porter’s Five Forces model in order to present perfect, in-depth knowledge about the market” of Open Banking. And how could it be any other way? When talking about this market, addressing the study in terms of value chain analysis and regulatory analysis is inevitable.

Report: Global Open Banking Market 2019

The report covers the following items in detail:

Global Open Banking market sizes from 2015 to 2025, along with the CAGR for 2018-2025.

Market size comparison for 2017 vs 2025, with actual data for 2017, estimates for 2018 and forecast for 2019 to 2025.

Global Open Banking market trends, which cover a wide range of consumer trends and manufacturer trends.

Value chain analysis which includes participants from raw material suppliers to intermediate buyers in the global Open Banking market.

 The main market opportunities and challenges in the forecast timeframe focused on.

 Competitive landscape with analysis of competition patterns, portfolio comparisons, development trends and strategic management.

 Complete company profiles of the main industry players.

All this information is reeled out over 11 chapters:

Chapter 1: Industry Overview
Chapter 2: Open Banking Market International Market Analysis
Chapter 3: Open Banking Environment Analysis
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Open Banking Market Revenue Market Status
Chapter 7: Analysis of Key Manufacturers in the Open Banking Industry
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Open Banking Market Trader or Distributor Analysis
Chapter 10: Development Trends in the Open Banking Market 2019-2025
Chapter 11: Industry Suppliers of Open Banking with Contact Information

This is a complete manual, available to anyone by requesting a copy via this link. The price varies depending on whether it’s for individual or corporate use. It’s a compendium of order within the growing chaos of data produced every day across the world, where both traditional and new players will play a big role in leading a future which is already here – the Open Banking market.

Latest Articles

Work with Us

Want to click less and know more?

Download GDS Modellica company overview
Icons made by geotatah from www.flaticon.com
Icons made by Freepik from www.flaticon.com
Icons made by Icongeek26 from www.flaticon.com
Icons made by monkik from www.flaticon.com
Icons made by monkik from www.flaticon.com
Icons made by Freepik from www.flaticon.com
Icons made by Kiranshastry from www.flaticon.com
Icons made by srip from www.flaticon.com
Icons made by Smashicons from www.flaticon.com
---------------------------------------------------- Vector de Diseño creado por fullvector - www.freepik.es Vector de Venta creado por macrovector - www.freepik.es Vector de Tecnología creado por macrovector - www.freepik.es Vector de Negocios creado por stories - www.freepik.es Vector de Tecnología creado por upklyak - www.freepik.es Foto de Negocios creado por Waewkidja - www.freepik.es Foto de Negocios creado por freepik - www.freepik.es Foto de Icono creado por freepik - www.freepik.es Foto de Negocios creado por freepik - www.freepik.es Vector de Personas creado por rawpixel.com - www.freepik.es Vector de Tecnología creado por upklyak - www.freepik.es Vector de Fondo creado por iconicbestiary - www.freepik.es Vector de Negocios creado por freepik - www.freepik.es Vector de Escuela creado por upklyak - www.freepik.es Vector de Escuela creado por upklyak - www.freepik.es Vector de Fondo creado por freepik - www.freepik.es Vector de Fondo creado por pikisuperstar - www.freepik.es Vector de Banner creado por fullvector - www.freepik.es Icons made by srip from www.flaticon.com Vector de Diseño creado por fullvector - www.freepik.es Vector de Banner creado por fullvector - www.freepik.es Vector de Tarjeta de visita creado por fullvector - www.freepik.es Vector de Tarjeta de visita creado por fullvector - www.freepik.es Vector de Banner creado por fullvector - www.freepik.es Vector de Infografía creado por katemangostar - www.freepik.es Vector de Logo creado por katemangostar - www.freepik.es Vector de Fondo creado por freepik - www.freepik.es Vector de Negocios creado por fullvector - www.freepik.es Vector de Negocios creado por freepik - www.freepik.es Vector de Ciencia creado por macrovector - www.freepik.es Vector de Negocios creado por pikisuperstar - www.freepik.es Vector de Infografía creado por fullvector - www.freepik.es Vector de Mercadeo creado por slidesgo - www.freepik.es Foto de Negocios creado por jannoon028 - www.freepik.es Foto de Fondo creado por freepik - www.freepik.es Vector de Flecha creado por macrovector - www.freepik.es iconixar from www.flaticon.com Icons made by Nhor Phai from www.flaticon.com Icons made by surang from www.flaticon.com Icons made by dDara from www.flaticon.com Icons made by mynamepong from www.flaticon.com Vector de Diseño creado por freepik - www.freepik.es Vector de Diseño creado por freepik - www.freepik.es Vector de Ilustración creado por stories - www.freepik.es Vector de Ilustración creado por stories - www.freepik.es Vector de Fondo creado por pikisuperstar - www.freepik.es Vector de Tecnología creado por upklyak - www.freepik.es Vector de Fondo creado por pikisuperstar - www.freepik.es Vector de Tecnología creado por upklyak - www.freepik.es Vector de Tecnología creado por stories - www.freepik.es/***********/ Vector de Infografía creado por fullvector - www.freepik.es Vector de Infografía creado por fullvector - www.freepik.es Iconos landing Icons made by srip from www.flaticon.com Icons made by Eucalyp from www.flaticon.com Icons made by Eucalyp from www.flaticon.com Icons made by Freepik from www.flaticon.com Icons made by dmitri13 from www.flaticon.com Icons made by Wichai.wi from www.flaticon.com Icons made by Eucalyp from www.flaticon.com Icons made by prettycons from www.flaticon.com Icons made by Smashicons from www.flaticon.com Vector de Fondo creado por pikisuperstar - www.freepik.es Vector de Tecnología creado por freepik - www.freepik.es Foto de Negocios creado por jannoon028 - www.freepik.es Vector de Tecnología creado por pch.vector - www.freepik.es Vector de Negocios creado por freepik - www.freepik.es Vector de Negocios creado por gstudioimagen - www.freepik.es Business card vector created by fullvector - www.freepik.com Card vector created by upklyak - www.freepik.com Business vector created by fullvector - www.freepik.com ----------------------------------------------------- Iconos sociales twitter negro
Icons made by Freepik from www.flaticon.com
linkedin
Icons made by Freepik from www.flaticon.com
youtube
Icons made by Freepik from www.flaticon.com
------------------------------------------------------
Icons made by Freepik from www.flaticon.com
Icons made by Wichai.wi from www.flaticon.com
Icons made by Smashicons from www.flaticon.com
Icons made by Eucalyp from www.flaticon.com
Icons made by prettycons from www.flaticon.com
Icons made by Smashicons from www.flaticon.com
Icons made by Freepik from www.flaticon.com