B2B Payments Market worth $288.56 billion by 2030, growing at a CAGR of 9.02% - Exclusive Report by 360iResearch

The "B2B Payments Market by Type (Cross-Border, Domestic), Payment Method (Credit Cards, Digital Wallets, Electronic Funds Transfer), Organization Size, Industry Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global B2B Payments Market to grow from USD 157.58 billion in 2023 to USD 288.56 billion by 2030, at a CAGR of 9.02%.

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Business-to-business (B2B) payments refer to the exchange of funds, primarily through electronic means, between enterprises for goods and services rendered. This B2B payment encompasses various solutions, including Electronic Funds Transfer (EFT), Automated Clearing House (ACH), credit cards, e-invoicing platforms, digital wallets, and blockchain-based payment systems. These payment solutions facilitate secure and efficient business transactions, reducing the reliance on traditional paper checks and cash-based transactions. The growth factors in the B2B payments market include the easy availability of mobile apps and online websites for business transactions. Furthermore, the rising number of payment options to suit the preferences of businesses is increasing the adoption of B2B payment solutions. However, the B2B payments market faces some limitations, while integrating novel B2B payment options with existing systems and rising security concerns regarding cyberattacks and data breaches. To overcome these issues, businesses invest in research and development, improving security measures. Moreover, technological advancements, including AI, ML, cloud computing, and DLT, have significantly improved transaction processing speed and security. Adopting blockchain technology for enhanced security and implementing real-time payment solutions for improved cash flow management is capitalizing on emerging opportunities in the B2B payment market.

In the Americas region, the United States is a leading innovator in B2B payments technology, with numerous fintech companies driving change in areas such as real-time payments (RTP), blockchain-based solutions, and advanced data analytics. In line with this innovation push is FedNow, a real-time payment service developed by The Federal Reserve System that aims to enable instant transfers within US financial institutions. Meanwhile, in Canada, adopting digital payment solutions such as Interac e-Transfer for Business has gained significant traction among SMEs. EU countries have been at the forefront of standardizing cross-border payment processes through initiatives like SEPA (Single Euro Payments Area), which harmonizes European electronic transactions. Latest developments include the European Central Bank's TIPS project (TARGET Instant Payment Settlement) that facilitates instant payment processing across Europe. The Middle East and Africa region presents ample growth opportunities in B2B payments, driven by increasing internet penetration, smartphone adoption, and supportive government initiatives to adopt digital payment methods. China is a global leader in B2B payment innovation, with market giants such as Alibaba's Ant Financial spearheading advances in cross-border e-commerce payments. Meanwhile, Japan has seen the rise of several fintech startups that leverage AI-driven technologies to streamline B2B payment processes. In India, the Unified Payments Interface (UPI) has transformed digital payments with record-breaking transaction volumes, and this success has led to the introduction of UPI-based solutions explicitly catering to businesses. Considering these, the global B2B payments market is evolving rapidly, driven by technological advancements, shifting consumer needs, and increasing demands for seamless customer experiences.

Market Segmentation & Coverage:

This research report categorizes the B2B Payments Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Cross-Border and Domestic. The Cross-Border is projected to witness significant market share during forecast period.

Based on Payment Method, market is studied across Credit Cards, Digital Wallets, Electronic Funds Transfer, and Wire Transfers. The Digital Wallets is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Small & Medium Enterprises is projected to witness significant market share during forecast period.

Based on Industry Vertical, market is studied across Financial Services, Government, Healthcare, Manufacturing, and Retail. The Government is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.83% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the B2B Payments Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the B2B Payments Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the B2B Payments Market, highlighting leading vendors and their innovative profiles. These include American Express Company, Ant Group Co., Ltd., Bank of America Corporation, Block Inc., Bottomline Technologies Inc., Capital One Financial Corporation, Citigroup Inc., Coupa Software Inc., JPMorgan & Chase Co., Mastercard Inc., Payoneer Inc., PayPal Holdings, Inc., Paystand, Inc., Ramp Business Corporation, Rapyd Financial Network Ltd., Square, Inc., Stripe, Inc., Tipalti Inc., TransferWise Ltd., Visa Inc., and Wise Payments Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. B2B Payments Market, by Type
7. B2B Payments Market, by Payment Method
8. B2B Payments Market, by Organization Size
9. B2B Payments Market, by Industry Vertical
10. Americas B2B Payments Market
11. Asia-Pacific B2B Payments Market
12. Europe, Middle East & Africa B2B Payments Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the B2B Payments Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the B2B Payments Market?
3. What is the competitive strategic window for opportunities in the B2B Payments Market?
4. What are the technology trends and regulatory frameworks in the B2B Payments Market?
5. What is the market share of the leading vendors in the B2B Payments Market?
6. What modes and strategic moves are considered suitable for entering the B2B Payments Market?

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