openPR Logo
Press release

Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Growing at the CAGR of 7.7% in the Forecast Period 2027 | BlueWeave

09-08-2021 10:00 AM CET | IT, New Media & Software

Press release from: BlueWeave Consulting & Research Pvt Ltd.

Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones...

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in billion in the year 2020. According to the data yielded by the study, the market is estimated to grow at a CAGR of 7.7%, earning revenue of around 30.9 number of bills in billion by the end of 2027. Due to factors such as the increasing acceptance of electronic bill presentment and payment as a mode of money transfer and the emergence of various modes and payment platforms for both global and regional payments, the global electronic bill presentment and payment market (EBPP) is growing at a high CAGR. However, the high risk of data theft and fraud associated with electronic payment may act as a restraining factor for market growth.

Browse report URL for more information about Global Electronic Bill Presentment and Payment (EBPP) Market @ https://www.blueweaveconsulting.com/report/global-electronic-bill-presentment-and-payment-ebpp-market

Wide Array of Conveniences of Electronic Payment Is Estimated to Drive the Global Electronic Bill Presentment and Payment (EBPP) Market Growth

Young adults today are increasingly turning to electronic payments as an alternative to cash payments. The wide range of conveniences it has to offer such as high security, promptness, and efficiency works in favor of the growth of the global electronic bill presentment and payment (EBPP) market. Electronic payments are done with cards, mobile wallets, or wearable devices, and are significantly faster than cash payments. Furthermore, its processing is much faster as all the transaction details are already in the system which saves a lot of time for manual entry and processing. That is why most online sales and service platforms recommend electronic payments and offer great deals and discounts on them.

The Increasing API Segment Is Projected to Boost the Global Electronic Bill Presentment and Payment (EBPP) Market

Based on channels, the global electronic bill presentment and payment (EBPP) market is segmented into application programming interface (API), mobile, web, email, IVR, POS, and kiosks. The application programming interface (API) segment accounts for the largest market share because of its high use in e-commerce websites. Through the payment API, one program can present a bill and pay it electronically, while another program processes it. This system also makes it easier for the browser to share known credit details with the merchant or vendor.

Browse TOC with Facts and Figures @ https://www.blueweaveconsulting.com/report/global-electronic-bill-presentment-and-payment-ebpp-market/toc

Global Electronic Bill Presentment and Payment (EBPP) Market - By End-User

Based on end-users, the global electronic bill presentment and payment (EBPP) market is segmented into BFSI, insurance, healthcare, IT and telecom, retail, education, media and entertainment, manufacturing, and others. The BFSI segment accounts for the largest market share as the financial services are mainly acquired by businesses. Many financial service providers, like banks, wealth management companies, and tax consulting companies, have to make a numerous cash transaction based on their size. Due to this, their need for strong electronic bill payment solutions is high, which proliferates market growth.

Global Electronic Bill Presentment and Payment (EBPP) Market - Regional Insights

Geographically, the global electronic bill presentment and payment (EBPP) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these, North America holds the largest market share. The Asia-Pacific region, on the other hand, is projected to witness the highest CAGR during the forecast period. The increasing penetration of the internet and smartphones in these regions are presenting lucrative growth opportunities to the electronic bill presentment and payment (EBPP) market. Furthermore, developing IT and telecom infrastructure in countries like India, China, South Korea is also influencing the growth of the electronic bill presentment and payment (EBPP) market in the Asia Pacific.

Impact of COVID-19 on Global Electronic Bill Presentment and Payment (EBPP) Market

The COVID-19-induced pandemic significantly boosted the growth of the global electronic bill presentment and payment (EBPP) market. The COVID-19 is a highly communicable disease that can spread through human contact. People avoided physical contact since social distancing measures were recommended by the World Health Organization. Cash payments were also not recommended since they can spread the virus. In response, the number of people using electronic payments for daily transactions increased. The result was a massive increase in traffic on the servers of electronic bill presentment and payment solution providers, boosting their market growth.

Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/global-electronic-bill-presentment-and-payment-ebpp-market/report-sample

Competitive Landscape

The leading players in the global electronic bill presentment and payment (EBPP) market are Visa, Inc., ACI Worldwide, Bottomline Technologies Inc, Communications Data Group Inc., CSG Systems International Inc., CyberSource Corporation, eBillingHub, ebpSource Limited, Enterprise jBilling Software Ltd., FIS, Fiserv Inc., Jack Henry & Associates Inc., Jopari Solutions Inc., Pagero AB, PayPal Inc., SIX Payment Services Ltd., Sorriso Technologies Inc., Striata, Discover Financial Services, and other prominent players.

The market is highly fragmented with the presence of several regional market players and a handful of global players. The global market is dominated by companies like PayPal with limited competition. Moreover, EBPP companies have been increasingly adopting competitive strategies such as mergers, partnerships, acquisitions, collaborations, etc., to improve and expand their services.

Don’t miss the business opportunity of the global electronic bill presentment and payment (EBPP) market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global electronic bill presentment and payment (EBPP) market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global electronic bill presentment and payment (EBPP) market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Please find below some related reports:

https://www.blueweaveconsulting.com/report/middle-east-public-cloud-market-report

https://www.blueweaveconsulting.com/report/3d-and-4d-technology-market-report

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd
US: +1 866 658 6826 | +1 425 320 4776
UK: +44 1865 60 0662
Email – info@blueweaveconsulting.com
LinkedIn Page: https://www.linkedin.com/company/blueweaveconsulting/

112 - H160 - BSI Business Park Sector - 63, Noida U.P. - India

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Growing at the CAGR of 7.7% in the Forecast Period 2027 | BlueWeave here

News-ID: 2385470 • Views: 188

More Releases from BlueWeave Consulting & Research Pvt Ltd.

United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that
UK Electric Vehicle Market Size, Share & Growth is Projected to Register a CAGR …
With increasing awareness of non-renewable resources and carbon emissions and government financial aid and policies created to encourage electric vehicle adoption, the United Kingdom's electric vehicle market is growing substantially.... A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the UK electric vehicle market was worth USD 2.81 billion in 2020. According to the study, the market is estimated to grow at a CAGR

All 5 Releases


More Releases for EBPP

Electronic Bill Presentment and Payment (EBPP) Market (covid-19 update) with Maj …
"Electronic Bill Presentment and Payment (EBPP) Market" 2020 Report comprises of strong research of global business which empowers the consumer to look at the possible requirement as well as foresee the implementation. The restraints and drivers have been assembled following a deep study of the global Electronic Bill Presentment and Payment (EBPP) Market proficiency. The development ratio that's requested from the viewpoint of the rational analysis offers detailed info of
Electronic Bill Presentment and Payment (EBPP) Market Breakdown Data by Players, …
This report studies the global Electronic Bill Presentment and Payment (EBPP) market, analyzes and researches the Electronic Bill Presentment and Payment (EBPP) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. The global electronic bill presentment and payment (EBPP) market report, offers in-depth insights, revenue details, and other vital information regarding the global electronic bill presentment and payment (EBPP) market and the various trends, drivers,
Electronic Bill Presentment and Payment (EBPP) Market 2018 to Witness Excellent …
Qyresearchreports include new market research report Electronic Bill Presentment and Payment (EBPP) to its huge collection of research reports. The global market for Electronic Bill Presentment and Payment (EBPP) is being molded by different factors and a complete assessment of those have been furnished in the report. The report begins with a brief description of the product and then goes onto study the various growth drivers and restraints in the market.
Electronic Bill Presentment and Payment (EBPP) Market sizes and predictions for …
MarketResearchReports.Biz adds “Global Electronic Bill Presentment and Payment (EBPP) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Electronic Bill Presentment and Payment (EBPP) and the growth estimates for the forecasted period. This report studies the global Electronic Bill Presentment and Payment (EBPP) market, analyzes and researches the Electronic Bill Presentment and Payment (EBPP) development status and forecast in
Electronic Bill Presentment Payment (EBPP) Market 2017-2022 Empowers it to Deal …
Orbis Research Present a new research report on title "Global and Chinese Electronic Bill Presentment Payment (EBPP) Industry" Report Covers In-depth Analysis by Industrial Experts along with Competitive Analysis, Key Players, Regions, Size, Share, Factors Impacting on the Market and Future Forecast. Browse the Full Report @:http://orbisresearch.com/reports/index/global-and-chinese-electronic-bill-presentment-payment-ebpp-industry-2012-2022-market-research-report The Global and Chinese Electronic Bill Presentment Payment (EBPP) Industry 2012-2022 Market Research Report is a professional and in-depth study on the current state
Global Electronic Bill Presentment and Payment (EBPP) Market 2017: Fiserv, ACI W …
The report entitled Global Electronic Bill Presentment and Payment (EBPP) Market 2017 delivers the comprehensive and in-depth research analysis of the key regional industry standing of the Electronic Bill Presentment and Payment (EBPP) market on a global level. This report especially focuses on the core regions such as North & South America, Europe, Africa, South & Middle East Asia and Australia and also the key countries like (USA, Canada, UK,