Banking as a Service Market

Research Methodology on Banking as a Service Market

1. Introduction

The purpose of this research methodology report is to provide detailed information on the research methods used to develop the “Banking as a Service Market” report published by Market Research Future (MRFR). The report is a comprehensive analysis of the current state and future prospects of the global Banking as a Service Market. This report focuses on the various market drivers and restraints, key trends, regional analysis, segmental analysis, and competitive landscape.

2. Research Objectives

The research objectives associated with the report are as follows:

• To gain insights into the potential global Banking as a Service market for the years 2023-2030
• To analyze the key countries in the Banking as a Service market
• To analyze the market size, share, value chain and key players and strategies adopted in the market
• To perform an in-depth segmental analysis of the global Banking as a Service market
• To provide a detailed analysis of the regional markets

3. Research Design

The research design adopted for the “Banking as a Service Market” is an exploratory one and it is conducted taking into consideration the key stakeholders involved in the global Banking as a Service market and their interests. In addition, the data sources and market research instruments used are also considered in the research design.

4. Research Approach

The research approach adopted for the “Banking as a Service Market” is both quantitative and qualitative in nature. Primary research is performed through interviews with key stakeholders and industry experts. Surveys are also conducted with leaders and experts from the industry to gain a better understanding of the market. Secondary research is also conducted which relied heavily on existing sources like industry reports and studies, financial databases, and international news. The secondary research is done to fill the gaps identified during the primary research.

5. Research Sources

The data sources used for the “Banking as a Service Market” report consisted of both primary and secondary sources. Primary research sources include interviews with key stakeholders, industry surveys and reports, and interviews with market players. Secondary sources include media publications, white papers, articles, and magazine journals. Additionally, data from industry organizations, government institutions, and investment firms are also collected.

6. Data Collection

The data collection for the “Banking as a Service Market” is conducted through both primary and secondary sources. Primary data is collected from industry interviews and surveys and published reports. Secondary data is collected through media publications, trade journals, white papers and other industry-related sources. The collected data is assessed and analyzed by the research team to come up with the most accurate and reliable estimates.

7. Data Validation

In order to ensure the accuracy of the “Banking as a Service Market” report, the data is validated through the triangulation method. This method included using various data mining techniques, along with focus groups, surveys and interviews. The data validation process is a critical aspect of the research process, as it involves critically examining the collected data to identify any errors or discrepancies.

8. Research Method

The research method used to conduct the “Banking as a Service Market” report is qualitative and quantitative research. Primary research involves obtaining information through interviews and surveys with industry experts, regulatory bodies, and industry players. The sources used here include industry reports, trade journals, magazines, etc. Secondary research is conducted using various sources such as media reports, government websites, and investment reports.

9. Modelling and Forecast

Once the data is collected and validated, the research team used quantitative methods such as a SWOT analysis and Porter’s Five Forces Modeling to analyze the market data and to come up with comprehensive market-based forecasts. The research team used a bottom-up approach to determine the market sizes of different segments. The market is analyzed from both a regional level and a global level.

10. Market Size Estimation

The market size of the “Banking as a Service Market” report is estimated through a combination of top-down and bottom-up approaches. This helps us to arrive at the total market size master figures, which acted as the market size base. The calculation is based on the primary and secondary research conducted, along with the assumptions and estimated market data.

11. Research Scope

The research scope of the “Banking as a Service Market” report was limited to the size and scope of the global market. The scope of the research includes detailed qualitative and quantitative analysis of key market segments, regional analysis, and competitive landscape. The regional scope includes regional markets such as North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.