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PUBLISHER: IMARC | PRODUCT CODE: 1287615
PUBLISHER: IMARC | PRODUCT CODE: 1287615
B2B Payments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global B2B payments market size reached US$ 1,025.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,682.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
B2B payments are financial transactions taking place between two or more businesses for an exchange of goods or services. They are processed using secure gateways and offer multiple payment options for getting faster payments, improving cash flow, and expanding at a quicker rate. As they are easy to trace and assist in avoiding ambiguity and discrepancy between merchants, B2B payments find extensive applications in the manufacturing, information and technology (IT), telecom, metals and mining, energy and utilities, and banking, financial services and insurance (BFSI) sectors.
B2B Payments Market Trends:
At present, there is a rise in export and import of goods and services across the globe, which can be accredited to numerous efforts undertaken by governing authorities to reduce trade barriers. This represents one of the key factors driving the market. Moreover, businesses of different industry verticals are focusing on global expansion. This, coupled with the development of small and medium-sized enterprises (SMEs) around the world, is propelling the growth of the market. In addition, there is an increase in the utilization of the automated clearing house (ACH) in B2B payments as it is relatively faster and more efficient. The escalating demand for B2B payments in large enterprises for enhancing their market value and increasing their sales of goods and services via online channels is also positively influencing the market. Besides this, the rising employment of automation in B2B payment systems for networking and connecting with various suppliers, wholesalers, and retailers is offering lucrative growth opportunities to industry investors. Furthermore, key market players are engaging in partnerships and collaborations to offer more comprehensive B2B payment solutions, which is projected to increase their overall profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global B2B payments market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on payment type, payment mode, enterprise size and industry vertical.
Breakup by Payment Type:
- Domestic Payments
- Cross-Border Payments
Breakup by Payment Mode:
- Traditional
- Digital
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- BFSI
- Manufacturing
- IT and Telecom
- Metals and Mining
- Energy and Utilities
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the some of top b2b payments companies being American Express Company, Bank of America Corporation, Capital One, Citigroup Inc., JPMorgan Chase & Co., Mastercard Inc., Payoneer Inc., PayPal Holdings Inc., Paystand Inc., Stripe Inc., Visa Inc. and Wise Payments Limited.
Key Questions Answered in This Report:
- What was the size of the global B2B payments market in 2022?
- What is the expected growth rate of the global B2B payments market during 2023-2028?
- What are the key factors driving the global B2B payments market?
- What has been the impact of COVID-19 on the global B2B payments market?
- What is the breakup of the global B2B payments market based on the payment type?
- What is the breakup of the global B2B payments market based on the payment mode?
- What is the breakup of the global B2B payments market based on enterprise size?
- What is the breakup of the global B2B payments market based on the industry vertical?
- What are the key regions in the global B2B payments market?
- Who are the key players/companies in the global B2B payments market?
Product Code: SR1623A373_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global B2B Payments Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Payment Type
- 6.1 Domestic Payments
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cross-Border Payments
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Payment Mode
- 7.1 Traditional
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Digital
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Manufacturing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 IT and Telecom
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Metals and Mining
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Energy and Utilities
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 American Express Company
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Bank of America Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Capital One
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Citigroup Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 JPMorgan Chase & Co.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Mastercard Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Payoneer Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 PayPal Holdings Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Paystand Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Stripe Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Visa Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Wise Payments Limited
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 American Express Company
Product Code: SR1623A373_Report
List of Figures
- Figure 1: Global: B2B Payments Market: Major Drivers and Challenges
- Figure 2: Global: B2B Payments Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: B2B Payments Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: B2B Payments Market: Breakup by Payment Type (in %), 2022
- Figure 5: Global: B2B Payments Market: Breakup by Payment Mode (in %), 2022
- Figure 6: Global: B2B Payments Market: Breakup by Enterprise Size (in %), 2022
- Figure 7: Global: B2B Payments Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: B2B Payments Market: Breakup by Region (in %), 2022
- Figure 9: Global: B2B Payments (Domestic Payments) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: B2B Payments (Domestic Payments) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: B2B Payments (Cross-Border Payments) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: B2B Payments (Cross-Border Payments) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: B2B Payments (Traditional) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: B2B Payments (Traditional) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: B2B Payments (Digital) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: B2B Payments (Digital) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: B2B Payments (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: B2B Payments (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: B2B Payments (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: B2B Payments (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: B2B Payments (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: B2B Payments (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: B2B Payments (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: B2B Payments (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: B2B Payments (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: B2B Payments (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: B2B Payments (Metals and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: B2B Payments (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: B2B Payments (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: B2B Payments (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: B2B Payments (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: B2B Payments (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: North America: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: North America: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: United States: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: United States: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Canada: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Canada: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Asia-Pacific: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Asia-Pacific: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: China: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: China: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Japan: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Japan: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: India: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: India: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: South Korea: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: South Korea: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Australia: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Australia: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Indonesia: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Indonesia: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Europe: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Europe: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Germany: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Germany: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: France: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: France: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: United Kingdom: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: United Kingdom: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Italy: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Italy: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Spain: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Spain: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Russia: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Russia: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Latin America: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Latin America: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Brazil: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Brazil: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Mexico: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Mexico: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Middle East and Africa: B2B Payments Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Middle East and Africa: B2B Payments Market: Breakup by Country (in %), 2022
- Figure 81: Middle East and Africa: B2B Payments Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Global: B2B Payments Industry: SWOT Analysis
- Figure 83: Global: B2B Payments Industry: Value Chain Analysis
- Figure 84: Global: B2B Payments Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: B2B Payments Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: B2B Payments Market Forecast: Breakup by Payment Type (in Million US$), 2023-2028
- Table 3: Global: B2B Payments Market Forecast: Breakup by Payment Mode (in Million US$), 2023-2028
- Table 4: Global: B2B Payments Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
- Table 5: Global: B2B Payments Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: B2B Payments Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: B2B Payments Market: Competitive Structure
- Table 8: Global: B2B Payments Market: Key Players
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