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B2B Payments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global B2B payments market reached a value of US$ 942.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,563.5 Billion by 2027, exhibiting a growth rate (CAGR) of 8.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on payment type, payment mode, enterprise size and industry vertical.

Breakup by Payment Type:

 

 
 

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  • 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:

 

 
 

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  • 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 profiles of the key players 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Payment Type, Payment Mode, Enterprise Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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
    10.2    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
    10.3    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
    10.4    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
    10.5    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

List of Figures

Figure 1: Global: B2B Payments Market: Major Drivers and Challenges
Figure 2: Global: B2B Payments Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: B2B Payments Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: B2B Payments Market: Breakup by Payment Type (in %), 2021
Figure 5: Global: B2B Payments Market: Breakup by Payment Mode (in %), 2021
Figure 6: Global: B2B Payments Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: B2B Payments Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: B2B Payments Market: Breakup by Region (in %), 2021
Figure 9: Global: B2B Payments (Domestic Payments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: B2B Payments (Domestic Payments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: B2B Payments (Cross-Border Payments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: B2B Payments (Cross-Border Payments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: B2B Payments (Traditional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: B2B Payments (Traditional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: B2B Payments (Digital) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: B2B Payments (Digital) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: B2B Payments (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: B2B Payments (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: B2B Payments (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: B2B Payments (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: B2B Payments (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: B2B Payments (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: B2B Payments (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: B2B Payments (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: B2B Payments (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: B2B Payments (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: B2B Payments (Metals and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: B2B Payments (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: B2B Payments (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: B2B Payments (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: B2B Payments (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: B2B Payments (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: B2B Payments Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: B2B Payments Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: B2B Payments Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: B2B Payments Market Forecast: Breakup by Payment Type (in Million US$), 2022-2027
Table 3: Global: B2B Payments Market Forecast: Breakup by Payment Mode (in Million US$), 2022-2027
Table 4: Global: B2B Payments Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: B2B Payments Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: B2B Payments Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: B2B Payments Market: Competitive Structure
Table 8: Global: B2B Payments Market: Key Players


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Key Questions Answered in This Report

The global B2B payments market was valued at US$ 942.6 Billion in 2021.

We expect the global B2B payments market to exhibit a CAGR of 8.30% during 2022-2027.

The growing prominence of B2B payment systems across numerous industries, such as manufacturing,
telecom, BFSI, etc., to easily trace and assist in avoiding ambiguity and discrepancy between merchants
is primarily driving the global B2B payments market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing inclination towards digital B2B
payments for exchange of goods or services so as to reduce the need for manual transactions and to
combat the risk of the coronavirus infection.

Based on the payment type, the global B2B payments market has been segmented into domestic
payments and cross-border payments. Currently, domestic payments hold the majority of the total
market share.

Based on the payment mode, the global B2B payments market can be divided into traditional and
digital, where traditional mode of payment currently exhibits a clear dominance in the market.

Based on the enterprise size, the global B2B payments market has been categorized into large
enterprises and small and medium-sized enterprises. Currently, large enterprises account for the
majority of the global market share.

Based on the industry vertical, the global B2B payments market can be segregated into BFSI,
manufacturing, IT and telecom, metals and mining, energy and utilities, and others. Among these, the
manufacturing industry currently holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global B2B payments market include 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.

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