The B2B Payments Global Market Report 2023 by The Business Research Company, provides b2b payments market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The B2B Payments Market:
https://www.thebusinessresearchcompany.com/report/b2b-payments-global-market-report
According to The Business Research Company’s B2B Payments Global Market Report 2023, the market size is expected to grow from$1,043.16 billion in 2022 to $1,136.60 billion in 2023 at a compound annual growth rate (CAGR) of 9.0% .The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global B2B payments market size is expected to reach $1,603.00 billion in 2027 at a CAGR of 9.0%.
Growing global trade is expected to propel the B2B payments market going forward. Trade refers to the selling and buying of items, goods, and services between two firms, countries, or groups of people with the sole purpose of making a profit, when it is done internationally it is referred to as global trade. B2B payments are used in trade business for the rapid exchange of currency or money for goods and services, which plays an important role in export and import deals.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=9045&type=smp
The b2b payments market is segmented:
1) By Payment Type: Domestic Payments, Cross-Border Payments
2) By Payment Mode: Bank Transfer, Cards, Other Payment Modes
3) By Enterprise Size: Large Enterprises, Medium-Sized Enterprises, Small-Sized Enterprises
4) By Industry Vertical: Manufacturing, IT And Telecom, Metals And Mining, Energy And Utilities, Banking, Financial Services And Insurance, Government Sector, Other Industry VerticalProduct innovations are a key trend gaining popularity in the B2B payments market. Major companies operating in the B2B payments market are focused on developing new technological solutions to strengthen their position. For instance, in December 2022, American Express, a US-based provider of financial services corporations that specialize in payment cards, launched Amex Business Link, a digital B2B payment ecosystem for network issuing and acquiring participants. It is uniquely designed to connect to all customer relationship management (CRM) and enterprise resource planning (ERP) systems that accept APIs and has a special architecture with reporting and reconciliation features. It supports domestic and international transactions by accepting card and non-card payments and enabling convenient payments for customers and providers of all sizes. Additionally, buyers and suppliers can get dynamic data that enables automatic reconciliation as well as monitor insights into sales and purchases.
The b2b payments market report table of contents includes:
1. Executive Summary
2. B2B Payments Market Characteristics
3. B2B Payments Market Trends And Strategies
4. B2B Payments Market – Macro Economic Scenario
5. B2B Payments Market Size And Growth
.
.
.
26. Africa B2B Payments Market
27. B2B Payments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The B2B Payments Market
29. B2B Payments Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- American Express Company
- Bank of America Corporation
- Capital One Financial Corporation
- Mastercard Inc
- Payoneer Global Inc
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
