B2B Digital Payment Market Size - By Type, End-User Industry & Global Forecast, 2023

Description

List of Tables

Global B2B Digital Payment Market will register 17% CAGR from 2023 to 2032, driven by the widespread adoption of innovative financial technologies. As businesses increasingly embrace advanced digital solutions, the demand for efficient and secure B2B payment processes rises. Innovations such as blockchain, mobile wallets, and real-time payment systems enhance transaction speed, security, and transparency. With a focus on optimizing financial operations, the adoption of cutting-edge financial technologies will be a key driving force in expanding the size of the B2B digital payment industry.

For instance, in 2023, NPCI Bharat BillPay Ltd. (NBBL), a fully owned subsidiary of NPCI, introduced a B2B payments service, expanding its offerings in the business-to-business (B2B) payments sector. This service encompasses value-added features, including adaptable invoice presentation, complaint management, and MIS, catering to the diverse needs of businesses. This launch fortifies the B2B digital payment market by providing businesses with advanced and streamlined financial solutions, thus contributing to market expansion and efficiency.

The B2B digital payment market is bifurcated on the basis of type, end-user, and region.

The industry size from the mobile POS payments segment will garner substantial gains through 2032 due to the increasing adoption of mobile point-of-sale solutions across businesses for their convenience and efficiency. As companies prioritize flexibility and on-the-go transactions, mobile POS payments emerge as a preferred choice. With the continuous integration of mobile technology into business operations, this segment will play a pivotal role in shaping the evolving landscape of B2B digital payments.

The retail sector will capture a remarkable B2B digital payment market share by 2032, attributed to the sector's rapid adoption of digital payment solutions to streamline transactions and enhance operational efficiency. As retailers seek faster, more secure payment processes, digital platforms offer a seamless solution. With the ongoing evolution of e-commerce and the demand for agile financial solutions, the retail sector will stand at the forefront, shaping the B2B digital payment market landscape.

North America B2B digital payment industry will grow at a notable CAGR from 2023 to 2032, propelled by the region's advanced technological infrastructure, widespread digital adoption, and the increasing recognition of the efficiency and security offered by digital payment solutions in business transactions. As businesses prioritize streamlined financial processes and real-time transactions, North America will emerge as a key contributor. With a mature financial ecosystem and ongoing digital transformation, the region will shape the trajectory of the B2B digital payment industry.

Product Code: 6994

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 B2B digital payment market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 End-user industry trends

Chapter 3 Mobile Payment Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Greater efficiency and cost savings offered by digital payments
  - 3.10.1.2 Growing globalization and cross border transactions
  - 3.10.1.3 Rise in online marketplaces and e-commerce platforms
  - 3.10.1.4 Technological advancement in digital payment systems
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Data privacy concerns
  - 3.10.2.2 High cost of implementation
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Apple Inc.
- 4.3.2 Fiserv Inc.
- 4.3.3 Google LLC
- 4.3.4 Mastercard Incorporated
- 4.3.5 PayPal Holdings, Inc.
- 4.3.6 Visa Inc.
- 4.3.7 Worldline SA
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 B2B Digital payment Market Estimates & Forecast, by Type

5.1 Key trends, by type
5.2 Digital commerce
5.3 Digital remittances
5.4 Mobile POS payments

Chapter 6 B2B Digital payment Market Estimates & Forecast, By End-User Industry

6.1 Key trends, by end-user industry
6.2 BFSI
6.3 Transportation & logistics
6.4 IT & telecom
6.5 Healthcare
6.6 Retail
6.7 Travel & hospitality
6.8 E-commerce
6.9 Others

Chapter 7 B2B Digital payment Market Estimates & Forecast, By Region

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Netherlands
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Singapore
- 7.4.7 Thailand
- 7.4.8 Indonesia
- 7.4.9 Philippines
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE

Chapter 8 Company Profiles

8.1 ACI Worldline
8.2 American Express Company
8.3 Apple Inc.
8.4 Block, Inc.
8.5 FIS Global
8.6 Fiserv Inc.
8.7 Global Payments Inc.
8.8 Google LLC
8.9 Mastercard Incorporated
8.10 PayPal Holdings, Inc.
8.11 Paytm (One97 Communications Limited)
8.12 Samsung Electronics Co., Ltd.
8.13 Stripe, Inc.
8.14 Visa Inc.
8.15 WeChat Pay (Tencent Holdings Limited)
8.16 Worldline SA