B2B Payments Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The B2B Payments Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected B2B Payments Market Size During the Forecast Period?
In recent times, there has been a notable increase in the scale of the B2B payments market. Forecasts predict that it will expand from $1233.91 billion in 2024 to reach $1348.12 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.3%. Several factors contributed to this growth in the past, including globalization and international transactions, the necessity for secure and quicker transactions, changes in regulations and compliance, automation in financial processes, and the advent of fintech solutions.

The projected development for the B2B payments market is significant, as it is estimated to reach $1992.42 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. This anticipated surge over the forecast period is influenced by factors such as the continued expansion of global trade, emphasis on optimizing working capital, the popularity of subscription-based services, ERP systems integration, and improved data security measures. The period is also expected to see trends such as industry-specific payment solutions customisation, a shift towards contactless and mobile payments, enhanced collaboration platforms for suppliers and buyers, an emphasis on working capital optimisation, and the inclusion of payment analytics in decision-making.

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What Are the High-Growth Segments in the B2B Payments Market?
The B2B payments market covered in this report is segmented -

1) By Payment Type: Domestic Payments, Cross-Border Payments
2) By Payment Mode: Bank Transfer, Cards, Other Payment Modes
3) By Enterprise Size: Large Enterprises, Medium-Sized Enterprises, Small-Sized Enterprises
4) By Industry Vertical: Manufacturing, IT And Telecom, Metals And Mining, Energy And Utilities, Banking, Financial Services And Insurance, Government Sector, Other Industry Vertical

Subsegments:
1) By Domestic Payments: ACH Transfers, Wire Transfers, Credit And Debit Card Payments, E-checks And Electronic Invoicing
2) By Cross-Border Payments: International Wire Transfers, Foreign Exchange Services, Payment Processing Platforms For Global Transactions, Remittance Services

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What Key Drivers Are Expected to Influence Future B2B Payments Market Growth?
The global B2B payments market is forecasted to experience considerable growth due to increasing worldwide trade. This involves the transaction of goods, services, and items between two businesses, nations, or demographic groups, aiming for profit. When carried out globally, it's referred to as global trade. B2B payments are crucial in facilitating currency or monetary exchange for goods and services, making them integral in international trading transactions like export and import. In February 2022, the United Nations Conference on Trade and Development, a Switzerland-based global trade-promoting intergovernmental organization, reported a 25% increase in the global trade value, reaching $28.5 trillion in 2021 compared to the previous year. The World Trade Organization, a Swiss-based international trade governing and promoting body, added that global merchandise trade volumes are projected to grow by 3.5% in 2022. Consequently, the expanding global trade activity significantly propels the demand in the B2B payments market.

Which Companies Hold the Largest Share Across Different B2B Payments Market Segments?
Major companies operating in the B2B payments market include JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., American Express Company, Capital One Financial Corporation, Visa Inc., PayPal Holdings Inc., Mastercard Inc., Fiserv Inc., Block Inc., Square Inc., Fidelity National Information Services Inc., Stripe Inc., Global Payments Inc., Ant Group Co., Worldpay Inc., Fleetcor Technologies Inc., Comdata Inc., WEX Inc., ACI Worldwide Inc., Adyen N.V., Bill.com Inc., TransferWise Ltd., Coupa Software Inc., Wise Payments Limited, Payoneer Global Inc., Bottomline Technologies Inc., Flywire Corporation, Paystand Inc., AvidXchange Inc., Divvy Inc., Tipalti Inc., Airwallex, WePay Inc., Billtrust Holdings Inc.

What Trends Are Driving Growth in The B2B Payments Market?
One significant trend gaining momentum in the B2B payments market is product innovation. Key players in the industry are concentrating on creating novel technological solutions to fortify their standing. For example, in December 2022, American Express, a financial services corporation from the United States, specializing in payment cards, unveiled Amex Business Link. This digital B2B payment ecosystem caters to network issuing and acquiring members. Uniquely, it's capable of connecting to any customer relationship management (CRM) and enterprise resource planning (ERP) systems that welcome APIs. It also possesses an exclusive architecture equipped with reporting and reconciliation features. It facilitates both domestic and international transactions by accepting card and non-card payments, thus making payments straightforward for customers and providers regardless of their size. Moreover, it provides buyers and suppliers with dynamic data that allows automatic reconciliation and offers insights into sales and purchases.

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What Are the Emerging Geographies for The B2B Payments Market Growth?
Asia-Pacific was the largest region in the B2B payments market in 2024. The regions covered in the B2B payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the B2B Payments Market?
2. What is the CAGR expected in the B2B Payments Market?
3. What Are the Key Innovations Transforming the B2B Payments Industry?
4. Which Region Is Leading the B2B Payments Market?

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