B2B Payments Transaction Market Growth Scenario, Industry Size, Share Analysis, Trends, Competitive Analysis and Global Forecasts to 2030

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Increase In Demand Analysis: The Global B2B Payments Transaction Market Size is projected to reach 70 billion USD by 2030, growing at a CAGR of 10.7% During 2021-2030. In this study, 2020 has been considered as the base year and 2021 to 2030 as the forecast period to estimate the market size for B2B Payments Transaction.

Report Scope of the B2B Payments Transaction Market

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Report Highlights Details
Market Size USD 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, Europe, Asia Pacific, Middle East & Africa, South America
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.

Growth Factors:

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.

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.

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.

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.

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Recent report on the B2B Payments Transaction market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the B2B Payments Transaction market analyzes the scenario for the period of 2017 to 2030, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global B2B Payments Transaction market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global B2B Payments Transaction market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the B2B Payments Transaction market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global B2B Payments Transaction market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the B2B Payments Transaction market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The B2B Payments Transaction market is analyzed at both regional and country levels.

B2B Payments Transaction Market top Key Players:

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

B2B Payments Transaction Market Segmentation

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

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global B2B Payments Transaction market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global B2B Payments Transaction market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the B2B Payments Transaction market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

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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James Root

James Root have over 6+ years of experience working in business development, and customer retention. I’ve gained my experience through serving higher education, healthcare, automotive, aerospace, manufacturing, local government and hospitality businesses with technical solutions.

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