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:
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
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
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:
Segments Covered in the Report
By Payment Type
By Enterprise Size
By Payment Mode
By Industry Vertical
By Geography
Key Takeaways
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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