B2B Payments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

B2B Payments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • April 2022 •
  • 145 pages •
  • Report ID: 6269303 •
  • Format: PDF
The global B2B payments market reached a value of US$ 942.6 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 1,563.5 Billion by 2027, exhibiting a CAGR of 8.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

B2B payments are financial transactions taking place between two or more businesses for an exchange of goods or services. They are processed using secure gateways and offer multiple payment options for getting faster payments, improving cash flow, and expanding at a quicker rate. As they are easy to trace and assist in avoiding ambiguity and discrepancy between merchants, B2B payments find extensive applications in the manufacturing, information and technology (IT), telecom, metals and mining, energy and utilities, and banking, financial services and insurance (BFSI) sectors. B2B Payments Market Trends:
At present, there is a rise in export and import of goods and services across the globe, which can be accredited to numerous efforts undertaken by governing authorities to reduce trade barriers. This represents one of the key factors driving the market. Moreover, businesses of different industry verticals are focusing on global expansion. This, coupled with the development of small and medium-sized enterprises (SMEs) around the world, is propelling the growth of the market. In addition, there is an increase in the utilization of the automated clearing house (ACH) in B2B payments as it is relatively faster and more efficient. The escalating demand for B2B payments in large enterprises for enhancing their market value and increasing their sales of goods and services via online channels is also positively influencing the market. Besides this, the rising employment of automation in B2B payment systems for networking and connecting with various suppliers, wholesalers, and retailers is offering lucrative growth opportunities to industry investors. Furthermore, key market players are engaging in partnerships and collaborations to offer more comprehensive B2B payment solutions, which is projected to increase their overall profitability.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global B2B payments market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on payment type, payment mode, enterprise size and industry vertical.

Breakup by Payment Type: Domestic Payments
Cross-Border Payments

Breakup by Payment Mode:
Traditional
Digital

Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises

Breakup by Industry Vertical:
BFSI
Manufacturing
IT and Telecom
Metals and Mining
Energy and Utilities
Others

Breakup by Region: North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Bank of America Corporation, Capital One, Citigroup Inc., JPMorgan Chase & Co., Mastercard Inc., Payoneer Inc., PayPal Holdings Inc., Paystand Inc., Stripe Inc., Visa Inc. and Wise Payments Limited.

Key Questions Answered in This Report:
How has the global B2B payments market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global B2B payments market?
What are the key regional markets?
What is the breakup of the market based on the payment type?
What is the breakup of the market based on the payment mode?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global B2B payments market and who are the key players?
What is the degree of competition in the industry?