Electronic Bill Presentment and Payment Market Is Booming Worldwide 2024-2031

Electronic Bill Presentment and Payment Market size was valued at USD 22.99 billion in 2019 and is poised to grow from USD 25.37 billion in 2023 to USD 55.59 billion by 2031, growing at a CAGR of 10.3% in the forecast period (2024-2031).



The Research report on Electronic Bill Presentment and Payment Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.



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Segmental Analysis

Product
Biller-direct EBPP, and consolidated EBPP
Biller type
Phone bills, electricity bills, gas payment bills, and others
Channel
Mobile, websites, IVR, and others




Market Dynamics

Electronic Bill Presentment and Payment Market Drivers

Efficient and Faster Services to Boost Market Growth

The increasing adoption of electronic bill payment solutions by many organizations to smoothly help the customers in managing their expenditures and optimize the management of the human resources for minimizing the operational costs & good profitability is, however, assumed to augment the growth of the EBPP market during the forecast period.
The increasing use of smartphones with high internet access such as commonly used 4G services, and now 5G is a significant factor driving the EBPP market. The mobile internet access helps customers to access their destination at various payment sites. Moreover, it facilitates customers to do multiple tasks such as debit & credit card payments, online bank transfers, and fast access to the email accounts.


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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report

• ACI Worldwide, Inc.• Adyen NV• AliPay• Bottomline Technologies, Inc.• CyberSource Corporation• Fidelity National Information Services, Inc.• Fiserv, Inc.• Global Payments, Inc.• Ingenico Group SA• Intuit, Inc.• JPMorgan Chase & Co.• Mastercard Incorporated• NCR Corporation• PayPal Holdings, Inc.• Square, Inc.• Stripe, Inc.• Tencent Holdings Limited• Visa Inc.• Worldline SA• ZOHO Corporation



View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/electronic-bill-presentment-and-payment-market



The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Electronic Bill Presentment and Payment Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Electronic Bill Presentment and Payment Market?
• What are the prominent market trends influencing the development of the Electronic Bill Presentment and Payment Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Electronic Bill Presentment and Payment Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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