B2B Payments Market is expected to reach USD 3010.91 Billion by 2030 at a CAGR of 9.42 percent

(IT-NEWSWIRE.COM, March 29, 2024 ) As per Maximize Market research, the B2B Payments Market was USD 1603.32 Billion in 2023 and is expected to grow at a CAGR of 9.42 percent over the forecast period to reach USD 3010.91 Billion by 2030.

B2B Payments Market Report Scope and Research Methodology

The research methodology that involves different types of research such as surveys, interviews, and secondary data analysis is applied in the report. The report is the basis of understanding the B2B Payment industry and a correct decision-making structure as this industry leads to accurate business decisions. This B2B Payment Market Report considers the market aspects listed with market size, types, and applications, while it also gives the data from a geographical perspective.

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B2B Payments Market Dynamics

The Internet combined with its connectivity tools such as mobile phones and the technologies built upon it have been the major factor that has led to a greater number of people settling on digital transactions. Big card companies like Visa and MasterCard have been as busy developing their internal B2B hubs as venture capital and private equities funders have been making major investments in B2B payments.

B2B Payments Market Regional Analysis

North America occupied a large share of the Global B2B Payment Market in 2023 and the region is expected to dominate during the forecast period. The financial institutions of North America are well-equipped with established payment networks, robust clearing and settlement systems, and comprehensive adoption of electronic payments as its associated device facilitates efficient B2B transactions.

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B2B Payments Market Segmentation

By Transaction Type

Domestic

Cross Border

By Enterprise Size

Large enterprise

Medium Sized Enterprise

Small Sized Enterprise

By Payment Method

Bank Transfer

Cards

By Industry Vertical

Manufacturing

IT & Telecommunication

Metals & Mining

Energy & Utilities

BSFI

Government

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B2B Payment’s Key Players include

American Express Company

Bank of America Corporation

Capital One

Citigroup Inc.

JPMorgan Chase & Co.

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Digital Payment Market- The market is expected to reach USD 244.86 Billion by 2030 at a CAGR of 14.89 percent.

Payment Security Market- The market is expected to reach USD 67.97 Bn. by 2030 at a CAGR of 16.2 percent.

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B2B Payments Market is expected to reach USD 3010.91 Billion by 2030 at a CAGR of 9.42 percent