ICT

B2B Payments Transaction Market Value to Reach US$ 70 Bn By 2030

Precedence Research recently published a report on “B2B Payments Transaction Market Size, Share, Growth Analysis (By Payment Type: Domestic Payments, Cross-Border Payments; By Enterprise Size: Large Enterprises, Small and Medium Sized Enterprises; By Payment Mode: Traditional, Digital; By Industry Vertical: BFSI, Manufacturing, Metals & Mining, IT & Telecom, Energy & Utilities, Others) – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”. Amid the COVID-19 crisis, The global B2B Payments Transaction market size is projected to reach USD 70 billion by 2030 from an estimated USD 868.02 million in 2020, at a CAGR of 10.7% from 2021 – 2030.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2030. This research report evaluates B2B Payments Transaction market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global B2B Payments Transaction market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2019 along with a forecast from 2021 to 2030 based on value.

Business-to-business (B2B) payments transaction is the transactions that happen among the businesses to avail a product as well as a service. It is typically applied to multinational corporations (MNCs), startups, retailers, wholesalers, vendors, and merchants among others. These payments can be a periodic subscription or a one-time purchase. In addition, such type of payments are slightly different & complex as compared with the business-to-customer(B2C) payments, owing to the string of approvals & settlements involved.

Businesses are increasingly demanding for a speed, ease, security, and convenience for their payments; this has led to the more innovation and disruption in the payments industry.

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Crucial factors accountable for market growth are:

  • Rapid expansion of trades across the globe
  • Increased import and export of goods & services
  • Surge in volume of totalB2B payments
  • Growth in number of online payment activities
  • Growing per capita healthcare spending
  • Rapid trend among the domestic small and medium-sized companies to engage in massive trades
  • Integration of automation technology in B2B payment
Report Highlights Details
Market Size US$ 70 Billion by 2030
Growth Rate CAGR of 10.7% from 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Payment Type, Enterprise Size, Payment Mode, Industry Vertical
Regional Scope North America, North America, North America, Rest of the World
Companies Mentioned American Express, Bank of America Corporation, Capital One, Mastercard, Citigroup Inc., TransferWise Ltd., Payoneer Inc., PayPal Holdings Inc., Square Inc., and Visa Inc.

Report Highlights

  • Domestic Payments segment led the global B2B payments transaction market with remarkable revenue share in 2020. Upsurge in number of small and medium sized enterprises in the countries such as India and China is primarily uplifting the segment growth.
  • By enterprise size, large enterprises held the major revenue share in the global B2B Payments Transaction market in 2020 owing to rising B2B payments transactions among the large manufacturer and wholesaler.
  • By payment mode, traditional held the major revenue share in the global B2B Payments Transaction market in 2020 owing to current preference by large companies towards traditional payments.
  • By industry vertical, manufacturing held the major revenue share in the global B2B Payments Transaction market in 2020.

Scope of the Study

This B2B Payments Transaction market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Market Dynamics

Driver

Growth of the global B2B payments transaction market is mainly driven by rapid expansion of trades across the globe due to an increased import and export of goods & services. For instance, developing nations have become significantly important in world tradewith several developing countries such as India and China have considerably augmented their exports of manufactures and services. Several studies indicate that the trade among developing nations has grown rapidly, with over 40% of their exports is going to other developing nations.

Restraint

The business revenue losses along with the discontinuation in business operations primarily hampers growth of the market during forecast period.

Opportunity

There is risingshift within the B2B ecosystem towards digital technologies. For the businesses, digitization ofaccounts receivable and accounts payable functions allows significant workflow automation by reducing thehuman errors and labor costs associated with manual processing of payments. Hence, digitization ofB2B payments transaction significantly creates lucrative growth opportunities for the market growth during the forecast period.

Challenges

Upsurge in fraud cases across business payment industry is anticipated to challenge growth of the global B2B payments transaction market. This is attributed to the fact that more number of large as well as small businesses are at risk of payments fraud. For instance, in November 2019, the police department of Irelandhave alarmed about the threat of B2B payments fraud after a number of businesses in the country lost thousands of dollars to business email compromise (BEC) scams.

Recent Developments

  • In August 2021, Fiserv, a global fintech and payments company and Goldman Sachs Transaction Banking have launched the initial B2B payments offering.This offering is a B2B facility for domestic and foreign currency payments.
  • In August 2021, Sentinels, the transaction monitoring platform has formed a collaboration with TerraPay,the payments infrastructure provider. Through this collaboration agreement, Sentinels is projected toofferTerraPay’s infrastructure with an AI-powered tool and improve transaction monitoring capabilities.
  • In December 2020, First Abu Dhabi Bank (FAB), the UAE’s largest lender has partnered with Visa, an American multinational financial services corporation to offer a suite of digital payment solutions that are targeted at corporate clients.

Regional Snapshots

North America dominated the global B2B Payments Transaction market in 2020 and projected to augment the market in the coming years. The prime factor attributed for its growth is availability of advanced infrastructure that helps facilitating the online payment. In addition to this, the high spending by U.S. and Canada government on securing the transaction network, coupled with an availability of standard rules and regulations pertaining to online payment is further anticipated to encourage growth of the market in this region.

Asia Pacific projected as the most opportunistic region during the forecast period. The prime factor attributed to ongoing proliferation of business-to-business eCommerce market as well as surge in adoption of financial technology. In addition to this, digital transformation trend along with the strategic partnerships among global and local industry players have fueled adoption of B2B payments transaction in the region.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the B2B Payments Transaction market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the B2B Payments Transaction market include:

  • American Express
  • Bank of America Corporation
  • Capital One
  • Mastercard
  • Citigroup Inc.
  • TransferWise Ltd.
  • Payoneer Inc.
  • PayPal Holdings Inc.
  • Square Inc.
  • Visa Inc.

Segments Covered in the Report

By Payment Type

  • Domestic Payments
  • Cross-Border Payments

By Enterprise Size

  • Large Enterprises
  • Small and Medium Sized Enterprises

By Payment Mode

  • Traditional
  • Digital

By Industry Vertical

  • BFSI
  • Manufacturing
  • Metals & Mining
  • IT & Telecom
  • Energy & Utilities
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Key Takeaways

  • Comprehensive analysis of the B2B Payments Transaction market trends and shares from 2021 to 2030 at global and regional level to identify growth opportunities and analyze market developments
  • Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global B2B Payments Transaction market
  • Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
  • Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
  • Comprehensive list of key potential clients across major end-use industries in different geographies
  • Thorough import-export analysis  across the globe
  • Regional level production output to comprehend the demand-supply scenario
  • Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global B2B Payments Transaction Market, By Payment

7.1. B2B Payments Transaction Market, by Payment Type, 2021-2030

7.1.1. Product Offering

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Cross-Border Payments

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global B2B Payments Transaction Market, By Enterprise Size

8.1. B2B Payments Transaction Market, by Enterprise Size, 2021-2030

8.1.1. Large Enterprises

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Small Enterprises

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Medium Enterprises

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global B2B Payments Transaction Market, By Payment Mode Type 

9.1. B2B Payments Transaction Market, by Payment Mode Type, 2021-2030

9.1.1. Traditional

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Digital

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global B2B Payments Transaction Market, By Industry Vertical Type 

10.1. B2B Payments Transaction Market, by Industry Vertical Type, 2021-2030

10.1.1. BFSI

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Manufacturing

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Metals & Mining

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. IT & Telecom

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Energy & Utilities

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Others

10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global B2B Payments Transaction Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Payment (2017-2030)

11.1.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.1.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.1.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.1.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Payment (2017-2030)

11.1.6.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.1.6.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.1.6.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Payment (2017-2030)

11.2.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.2.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.2.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.2.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Payment (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.2.6.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Payment (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.2.7.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Payment (2017-2030)

11.2.8.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.2.8.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.2.8.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Payment (2017-2030)

11.3.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.3.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.3.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.3.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Payment (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.3.6.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Payment (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.3.7.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Payment (2017-2030)

11.3.8.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.3.8.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.3.8.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Payment (2017-2030)

11.4.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.4.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.4.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.4.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Payment (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.4.6.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Payment (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.4.7.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Payment (2017-2030)

11.4.8.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.4.8.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.4.8.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Payment (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.5.5.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Payment (2017-2030)

11.5.6.2. Market Revenue and Forecast, by Enterprise Size (2017-2030)

11.5.6.3. Market Revenue and Forecast, by Payment Mode Type (2017-2030)

11.5.6.4. Market Revenue and Forecast, by Industry Vertical Type (2017-2030)

Chapter 12. Company Profiles

12.1. American Express

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Bank of America Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Capital One

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Mastercard

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Citigroup Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. TransferWise Ltd.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Payoneer Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. PayPal Holdings Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Square Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Visa Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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