Payment Orchestration Platform Market by Type (B2B, B2C, C2C), Function, End-Use

Description

List of Tables

[184 Pages Report] The Payment Orchestration Platform Market size was estimated at USD 2.17 billion in 2023 and expected to reach USD 2.53 billion in 2024, at a CAGR 17.27% to reach USD 6.62 billion by 2030.

Payment orchestration platforms (POPs) automate the payment process, enabling online merchants to reduce operational costs. These platforms help eCommerce, business-to-business, and customer-to-customer business models to minimize the costs of processing their payments by routing transactions through the channels offering the lowest prices. A payment orchestration platform integrates multiple applications and services to automate a process or provide real-time data synchronization. The use of POP is increasing owing to the rising use of online payments due to the growing adoption of smartphones & real-time payment gateways and the emerging trend of buy now, pay later (BNPL) among vendors. Issues related to privacy & security and lack of flexibility associated with payment orchestration platforms can pose a challenge to penetration of payment orchestration platforms. Additionally, the introduction of technologically advanced payment orchestration platforms presents various opportunities for the growth of the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.17 billion
Estimated Year [2024]	USD 2.53 billion
Forecast Year [2030]	USD 6.62 billion
CAGR (%)	17.27%

Type: Capability of B2C payment orchestration to ensure a smooth checkout experience for users

B2B transactions include the exchange of goods or services between businesses, and these payments often require complex invoicing, compliance with tax regulations, and integration with accounting systems. As a result, B2B payment orchestration platforms prioritize security, multi-currency support, and seamless integration with enterprise resource planning (ERP) systems. B2C transactions occur between businesses and consumers and demand frictionless checkout experiences, multiple payment options, and high conversion rates for online retailers. 2C payment orchestration platforms emphasize user experience alongside features such as tokenization for secure storage of customer data. C2C transactions are characterized by direct exchanges between individuals, often facilitated by online marketplaces or peer-to-peer platforms. B2B companies prioritize secure and scalable solutions that can handle complex transactions efficiently, whereas B2C businesses prefer user-friendly platforms offering multiple payment options catering to customer preferences. On the other hand, C2C users seek easy-to-use platforms with a focus on security and fast transfers.

Function: Exponential adoption of payment orchestration platforms to facilitate seamless international cross-border payments

Advanced analytics and reporting are crucial for payment orchestration platforms, providing businesses with in-depth insights into transaction data, customer behavior, and overall payment performance. This allows companies to optimize their payment strategies and make informed decisions based on accurate information. Cross-border transactions are vital for businesses that operate on a global scale or have international customers. Payment orchestration platforms with this functionality allow companies to accept payments from different countries seamlessly while minimizing currency conversion fees and reducing the complexity of payment orchestration platforms, as it ensures the security and stability of transactions while protecting businesses from potential threats such as fraud, chargebacks, and compliance violations. Risk management ensures transaction security while minimizing potential financial losses stemming from fraud or noncompliance.

End-Use: Payment orchestration platforms offer advanced fraud detection in BFSI sector

The BFSI sector requires payment orchestration platforms for secure and agile payment processing solutions to handle high volumes of transactions while reducing operational costs. Retailers are adopting payment orchestration platforms for seamless omnichannel experiences across brick-and-mortar stores and e-commerce platforms. Payment orchestration platforms offer educational institutes efficient billing systems to manage tuition fees, donations, and event registrations while maintaining transparency in transactions. Healthcare providers rely on payment orchestration platforms to manage patient payments, insurance claims, and vendor transactions. Manufacturers are adopting payment orchestration platforms to facilitate global sales and supply chain transactions while mitigating fraud risks. Telecom companies require payment orchestration platforms to handle billing for services like mobile data or online streaming subscriptions efficiently. Travel agencies, hotels, and airlines use payment orchestration platforms for secure cross-border payments and improved customer experience during bookings or refunds.

Regional Insights

The increasing digitization and the rising popularity of online payment technologies, coupled with the rapid adoption of POP among consumers, are expected to bolster the adoption of POP in the Americas region. The presence of several POP providers, increasing digital transactions, and the need to secure transactions boost the utilization of payment orchestration platforms (POPs) across the Americas. The market of payment orchestration platforms in the Asia-Pacific is expected to grow faster due to the rising eCommerce sector and businesses adopting the automated payment process. In addition, numerous fintech players are launching POP for eCommerce merchants in the Asia-Pacific, further boosting the availability of payment orchestration platforms in the region. Supportive government initiatives for the digitalization of the finance sector are positively influencing the payment orchestration platforms market in the Asia-Pacific. The growing availability of real-time payment gateways with consumer-attracting offers favors the growth of POP in the Europe, Middle East, & African (EMEA) market. The increasing transaction of cross-border payments by the end-use industries and POP enhancement with evolving technologies, including artificial intelligence (AI), drive the growth of POP in the EMEA region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Payment Orchestration Platform Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Payment Orchestration Platform Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Payment Orchestration Platform Market, highlighting leading vendors and their innovative profiles. These include ACI Worldwide, Inc., Adyen N.V., Aevi International GmbH, Akurateco Lab, APEXX Fintech Limited, BlueSnap Inc., BR-DGE by Comcarde Limited, BridgerPay, CellPoint Digital Ltd., Checkout.com Group, Corefy, GoCardless Ltd., Gr4vy, Inc., Ikajo International B.V., Integrated Research, IXOLIT Group, Judopay by Alternative Payments Ltd, Justt Fintech Ltd., Linked2pay, ModoPayments, LLC, Monei Digital Payments SL, Nexio, NORBr B.V., PayDock Pty Ltd., Payoneer Global Inc., PayTabs Group, PayWall, Pine Labs Private Limited, PPRO Financial Ltd., Rebilly, Inc., Recurly, Inc., Spreedly, Inc., Stripe, Inc., Trintech Inc., Very Good Security, Inc., Visa Inc., When Then Limited, WLPayments B.V., Worldline S.A., Worldpay, Inc., Zai Auatralia Pty.Ltd., and ZOOZ Mobile Ltd..

Market Segmentation & Coverage

This research report categorizes the Payment Orchestration Platform Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- B2B
- B2C
- C2C

Function
- Advanced Analytics & Reporting
- Cross Border Transactions
- Risk Management

End-Use
- Banking, Financial Services & Insurance
- Consumer Goods & Retail
- Education
- Healthcare & Life Sciences
- Manufacturing
- Telecommunication
- Travel & Hospitality

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Payment Orchestration Platform Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Payment Orchestration Platform Market?

3. What are the technology trends and regulatory frameworks in the Payment Orchestration Platform Market?

4. What is the market share of the leading vendors in the Payment Orchestration Platform Market?

5. Which modes and strategic moves are suitable for entering the Payment Orchestration Platform Market?

Product Code: MRR-205091A88ABB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing use of online payments owing to the rising penetration of smartphones and internet connection
  - 5.1.1.2. Rapid increase in the use of eCommerce platforms globally
  - 5.1.1.3. Growing adoption of payment orchestration platform for cross-border transactions
- 5.1.2. Restraints
  - 5.1.2.1. Limitation associated with orchestration platforms
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of technologically advanced payment orchestration platforms
  - 5.1.3.2. Emerging trend of Buy Now, Pay Later (BNPL) among vendors
- 5.1.4. Challenges
  - 5.1.4.1. Privacy issues associated with payment orchestration platforms
5.2. Market Segmentation Analysis
- 5.2.1. Type: Capability of B2C payment orchestration to ensure a smooth checkout experience for users
- 5.2.2. Function: Exponential adoption of payment orchestration platforms to facilitate seamless international cross-border payments
- 5.2.3. End-Use: Payment orchestration platforms offer advanced fraud detection in BFSI sector
5.3. Market Trend Analysis
- 5.3.1. Presence of native market players with the ongoing advancements in payment orchestration platforms in the Americas
- 5.3.2. Small and medium enterprises adopting digital payments and rapid increase in eCommerce transactions in APAC region
- 5.3.3. Supportive government initiatives for digitized payments and increased cross-border transactions in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Payment Orchestration Platform Market, by Type

6.1. Introduction
6.2. B2B
6.3. B2C
6.4. C2C

7. Payment Orchestration Platform Market, by Function

7.1. Introduction
7.2. Advanced Analytics & Reporting
7.3. Cross Border Transactions
7.4. Risk Management

8. Payment Orchestration Platform Market, by End-Use

8.1. Introduction
8.2. Banking, Financial Services & Insurance
8.3. Consumer Goods & Retail
8.4. Education
8.5. Healthcare & Life Sciences
8.6. Manufacturing
8.7. Telecommunication
8.8. Travel & Hospitality

9. Americas Payment Orchestration Platform Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Payment Orchestration Platform Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Payment Orchestration Platform Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Bloc acquired Orchestrate, a payments orchestration startup
- 12.3.2. Founders of Hahn Air launched new global payment orchestration platform, FinMONT
- 12.3.3. CellPoint Digital and Nium Partner to offer merchants frictionless payments
- 12.3.4. Mangopay bought Whenthen to scale platform payments
- 12.3.5. WLPayments announces partnership with Truevo to expand gateway solution
- 12.3.6. APEXX global raised USD 25 M to expand its presence in North America and enhance its payment orchestration platform
- 12.3.7. Zai partners with Cuscal to power new Australian payment solutions including PayTo
- 12.3.8. Aevi taps OvationCXM to augment digital payments
- 12.3.9. Corefy launches a new reconciliation tool to organize and unify the transaction data
- 12.3.10. Pagos raises USD 34M as the demand for 'payment intelligence' rises
- 12.3.11. SmartOSC partners Gr4vy for payment orchestration platform
- 12.3.12. Payment orchestration trailblazer CellPoint digital partnered with BillingPlatform
- 12.3.13. BR-DGE announces three-year partnership with Visa
- 12.3.14. CBA launched new payments orchestration platform
- 12.3.15. Woolworths group partnered with Gr4vy to accelerate payments innovation within its WPay payment platform
- 12.3.16. Circle announced acquisition of Elements to accelerate crypto payments
- 12.3.17. Payment orchestration platform Gr4vy pulls in another USD 15 M in a Series A extension
- 12.3.18. Payment gateway and orchestration platform CellPoint Digital raises USD 25 million

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio