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 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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Domestic Payments
- Cross-Border Payments
Breakup by Payment Mode:
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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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) |
Key Questions Answered in This Report:
- How has the global B2B payments market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global B2B payments market?
- What are the key regional markets?
- What is the breakup of the market based on the payment type?
- What is the breakup of the market based on the payment mode?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global B2B payments market and who are the key players?
- What is the degree of competition in the industry?
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