Press release
B2B Digital Payment Market Report 2024: Size, Share, Competitive Analysis, Forecast to 2033
"The Business Research Company recently released a comprehensive report on the Global B2B Digital Payment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The B2B digital payment market size has grown rapidly in recent years. It will grow from $4.41 billion in 2023 to $5.10 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to internet expansion, electronic data interchange (EDI), enterprise resource planning (ERP) systems, payment gateways, virtual payment cards.
The B2B digital payment market size is expected to see rapid growth in the next few years. It will grow to $8.93 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to artificial intelligence and machine learning, integration with internet of things (IoT), real-time payments, biometric authentication. major trends in the forecast period include rise of contactless payments, increased adoption of digital invoicing, expansion of subscription-based payment models, enhanced integration with supply chain finance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/b2b-digital-payment-global-market-report
Market Drivers and Trends:
The growth of e-commerce is expected to propel the growth of the B2B digital payments market going forward. E-commerce refers to the buying and selling of goods or services over the internet or other electronic systems. The insistence of e-commerce arises because of its convenience for consumers, accessibility, vast product selection, time- savings, and efficiency. B2B digital payments are used in e-commerce to enhance efficiency, convenience, security, and cost-effectiveness for businesses engaging in online transactions, making them attractive for e-businesses aiming to streamline operations and financial processes. For instance, according to the United States Census Bureau, a US-based government agency, e-commerce sales increased by 7.6% in the 3rd quarter of 2023, compared to 6.9% in the 4th quarter of 2022. Therefore, e-commerce is driving the growth of the B2B digital payments market.
Major companies operating in B2B digital payments are focusing on developing innovative products, such as NeuX, a neo-banking platform, to revolutionize the financial landscape and address various challenges businesses face. This platform is a type of financial technology that provides direct banking services to individuals and organizations without traditional physical branches. For instance, in October 2023, Safexpay, an India-based financial technology company, launched NeuX, a neo-banking platform designed to bring digital transformation to businesses, specifically targeting micro, small, and medium enterprises, corporates and B2B enterprises. This innovative platform aims to revolutionize the B2B payment and workflow by offering comprehensive banking and payment management solutions. It represents an innovative digital payment solution by offering tailored banking and payment management services for businesses looking to enhance their operations and embrace digital transformation effectively. Additionally, it has features such as a comprehensive solution and transaction capacity.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14268&type=smp
Major Key Players of the Market:
Visa International Inc., Stripe Payments Inc., Mastercard Corporation, Fiserv Technologies Inc., Fidelity National Information Services Corporation, Adyen Solutions N.V., BharatPe Payments Technologies Ltd., PayPal Holdings Inc., Global Payments Corporation, Paytm Mobile Solutions Pvt. Ltd., Coupa Software Solutions Inc., Payoneer Solutions Inc., Ripple Labs Inc., HighRadius Systems Group, Razorpay Innovations Co., Juspay Financial Technologies Inc., FLEETCOR Technologies Corporation, Stax Payments Corporation, Dwolla Technologies Inc., Billtrust Corporation, Helcim Solutions Inc., Ramp Technologies Inc., Optal Technologies Limited, MatchMove Solutions Inc., EBANX Global Ventures LLC, Payset Technologies LLC, Rapyd Financial Services Ltd., Earthport Global PLC, Nvoicepay Solutions Inc., Terraform Labs Inc.
B2B Digital Payment Market 2024 Key Insights:
• The B2B Digital Payment Market is expected to grow to $8.93 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.
• Symbiotic Growth Of E-commerce And B2B Digital Payments Market
• Safexpay's NeuX Neo-Banking Platform Transforming B2B Digital Payments Landscape
• Asia-Pacific was the largest region in the B2B digital payment market in 2023. The regions covered in the B2B digital payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=14268&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 B2B Digital Payment Market Report 2024: Size, Share, Competitive Analysis, Forecast to 2033 here
News-ID: 3689297 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for B2B
B2B Telecommunication Market Report 2024 - B2B Telecommunication Market Size, Tr …
"The Business Research Company recently released a comprehensive report on the Global B2B Telecommunication Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Global B2B Emails: Premier Destination for Verified B2B Emails and Lead Generati …
Discover how GlobalB2BEmails.com is revolutionizing B2B email acquisition for modern businesses. With a focus on simplicity, affordability, and user satisfaction, GlobalB2BEmails.com empowers businesses to reach their target audience effectively. Experience seamless access to verified B2B emails and unlock new opportunities for growth and success with GlobalB2BEmails.com.
In the digital age, where marketing plays a pivotal role in driving business growth, access to verified B2B emails is essential for success. Amidst the…
B2B Marketplace
All set to redefine India's growing e-commerce sector, DIAL42 is making its way into the B2B marketplace by providing services in four major domains: Transport and Logistics, B2B e-commerce and services, Medical services, and Foods & Beverages. We provide a highly integrated platform which brings together the country's leading manufacturers, suppliers, wholesalers, dealers and retailers for SMEs, MSMEs, and large-scale businesses.
Based in Gurugram, Haryana, DIAL42 is dedicated to simplifying…
Best B2B Service Providers in United States | United States B2B Market Research …
The market research is a proficient process of gathering information linked to the industry, market trends, customer behaviour, demographics and numerous other relevant information of the marketer’s product and services. Market research is an essential for the important of any business: new and existing. Through the market research you get a thorough understanding of your competition and industry. That’s the reason Ken Research convey you with an extreme market research…
Best B2B Service Providers in Thailand, Thailand B2B Market Research Reports - K …
Thailand has made the remarkable progress in the social and economic improvement, shifting from a low-income to an upper middle-income region in less than a generation. As such, Thailand has been a broadly cited improvement accomplish story, with sustained robust growth and impressive poverty deduction.
In addition, Thailand is renowned for its universal health care program (UHC) and accomplishment in the child nutrition, but quality of education remains a feeble…
B2B Data Exchange Market Is Booming Worldwide | Informatica, EIX Systems, Adepti …
HTF MI recently introduced Global B2B Data Exchange Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Informatica, EIX Systems, Adeptia, Inc., B2B Commerce (M) Sdn. Bhd.…
