B2B Digital Payment Market Way to Achieving $17.85 & 14.5% CAGR by 2032

B2B Digital Payment Market Size Worth $17.85 Billion By 2032 | CAGR: 14.5%


The global B2B digital payment market size is expected to reach USD 17.85 billion by 2032, according to a new study by Polaris Market Research. The report “B2B Digital Payment Market Share, Size, Trends, Industry Analysis Report, By Offering (Solution, Services); By Transaction Type; By Payment Mode; By Industry Vertical; By Region; Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The B2B digital payment sector is poised for significant growth. With the integration of technologies like artificial intelligence and machine learning into payment platforms, businesses can expect improved fraud detection, predictive analytics, and personalized financial insights. As enterprises expand their operations globally, there is a growing need for efficient cross-border payment solutions. B2B digital payments offer a cost-effective and streamlined approach to conducting international transactions, reducing reliance on conventional, time-consuming methods.

Moreover, B2B digital payment platforms have the potential to provide rich data analytics. This can offer businesses valuable insights into their financial transactions, helping them make better decisions, manage cash flow more effectively, and plan strategically.

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Blockchain technology has the potential to revolutionize B2B transactions by offering a secure and transparent way to automate and validate transactions through smart contracts. This reduces the need for manual intervention and minimizes disputes.

In addition, integrating payment processes with existing Enterprise Resource Planning (ERP) systems can offer significant benefits. B2B payment platforms that seamlessly integrate with a company's financial systems can provide efficiency gains and reduce administrative overhead.

As a result, the B2B digital payment space offers numerous opportunities for innovative solutions that can address the evolving demands of businesses in an increasingly interconnected global economy. Providers that can offer seamless, secure, and value-added services stand poised to capitalize on this dynamic and rapidly expanding market.

B2B Digital Payment Market Report Highlights

  • The services segment is expected to grow at the highest CAGR during the projected period on account of enhanced operational efficiency
  • The domestic segment accounted for the largest market share in 2022, which is mainly driven by cost-effective payment method
  • The debit/Credit segment held a significant market revenue share in 2022, mainly due to its acceptance globally and ease of transaction
  • The BFSI segment is expected to witness the highest growth during the forecast period
  • North America region dominated the market with a majority share in 2022, owing to exponential growth in technological innovation
  • The global key market players include Paytm Mobile Solutions Private Limited, PayPal Holdings, Inc., Stripe Inc., TransferWise Ltd.

Polaris Market Research has segmented the B2B digital payment market report based on offering, transaction type, payment mode, industry vertical, and region:

B2B Digital Payment, Offering Outlook (Revenue - USD Billion, 2019 - 2032)

  • Solution
  • Services

B2B Digital Payment, Transaction Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Cross-border
  • Domestic

B2B Digital Payment, Payment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

  • Digital Wallet
  • Debit/Credit Card
  • Others

B2B Digital Payment, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

  • IT & Communication
  • BFSI
  • Retail & E-commerce
  • Travel & Hospitality
  • Others

B2B Digital Payment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

B2B Digital Payment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 6.04 billion

Revenue forecast in 2032

USD 176.85 billion

CAGR

14.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Offering, By Transaction Type, By Payment Mode, By Industry Vertical, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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