North America B2B Payments Market Growth, Size, Trends, Revenue, Demand and Future Outlook
North America B2B Payments Market Size- By Payment Type, By Enterprise Size, Payment Method, By Industrial Method - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: IACT23153 | Pages: 1 - 151 | Formats*: |
| Category : Information & Communications Technology | |||
North America B2B Payments Market Introduction and Overview
According to SPER Market Research, the North America B2B Payments Market is estimated to reach USD 507.78 billion by 2033 with a CAGR of 7.83%.
The report includes an in-depth analysis of the North America B2B Payments Market, including market size and trends, product mix, distribution channels, and supplier analysis. Business-to-business (B2B) payment encourages safer transactions for merchants who require recurrent, regular transactions and provides end users with a variety of activities such as accounts receivable, accounts payable, payroll, and acquisition departments. It could be a one-time or recurring transaction, depending on the buyer and seller's contractual agreement. Business-to-business (B2B) payments are more complicated than B2C payments because B2B payment handling takes longer to authorize and settle.
- Eedenbull, a well-known distributor of business payment cards, opened a new company in the United States in February 2021. Furthermore, it offers North American banks commercial payment technologies and a commercial payments-as-a-service (CPaaS) portfolio. Eedenbull provides commercial B2B payment technologies to small company customers. This is critical for developing the region's B2B payment sector.
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Market Opportunities and Challenges
The North American B2B payments sector is full of potential and problems. On the one hand, the region's mature economy and established financial infrastructure provide a favorable environment for B2B payments innovation and growth. The trend toward digitization and automation is opening up several opportunities for fintech firms to expedite payment processes, decrease costs, and improve efficiency for businesses of all kinds. Furthermore, the sheer scale and diversity of North American businesses provides a large customer base for B2B payment systems.
However, there are significant challenges in the North America B2B Payments market. The complexity of existing payment systems, as well as the opposition to change within well-established firms, are significant challenges. Many businesses still rely on antiquated manual procedures and legacy systems, making the transfer to contemporary B2B payment solutions time-consuming and difficult. Furthermore, regulatory compliance and data security concerns must be addressed, especially in light of rising cyber threats.
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Market Competitive Landscape
The North American B2B payment market's competitive landscape is defined by a dynamic and evolving ecosystem, driven by digital transformation and shifting client expectations. The market is dominated by a few important companies, including established banking institutions such as JPMorgan Chase, Bank of America, and Wells Fargo, who provide a variety of B2B payment solutions. Fintech companies such as Square, PayPal, and Stripe have also carved out a sizable market share by developing innovative and user-friendly payment platforms customized to the demands of businesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Payment Type, By Enterprise Size, Payment Method, By Industrial Method |
| Regions covered | Canada, Mexico, United States, Rest of North America |
| Companies Covered | American Express, Bank of America Corporation, Capital One, Mastercard, Payoneer Inc, Paypal Holdings Inc, Square Inc, Stripe, TransferWise Ltd, Visa Inc, Others |
COVID-19 Impact on North America B2B Payments Market
The COVID-19 epidemic has had a tremendous impact on the North American B2B payment market, altering corporate transactions and hastening adoption of digital payment systems. Companies increasingly turned to digital channels to preserve company continuity in the face of lockdowns, remote work, and disruptions to traditional supply networks. As a result, there has been an increase in the demand for contactless and online payment methods, with an increasing emphasis on security and efficiency in B2B transactions.
Key Target Audience
- Corporate Businesses
- Financial Institutions
- Fintech Companies
- E-commerce Platforms
- Manufacturers and Suppliers
- Service Providers
Our in-depth analysis of the North America B2B Payments Market includes the following segments:
| By Payment Type: |
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| By Enterprise Size: |
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| By Payment Method: |
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| By Industry Vertical: |
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Key Topics Covered in the Report
- North America B2B Payments Market Size (FY’2023-FY’2033)
- Overview of North America B2B Payments Market
- Segmentation of North America B2B Payments Market By Payment Type (Domestic Payments, Cross-border Payments)
- Segmentation of North America B2B Payments Market By Enterprise Size (Large Enterprises, Small-Sized Enterprises)
- Segmentation of North America B2B Payments Market By Payment Method (Bank Transfer, Cards, Others)
- Segmentation of North America B2B Payments Market By Industry Vertical (BFSI, Energy and Utilities, Government Sector, IT and Telecom, Manufacturing, Metals and Mining, Others)
- Statistical Snap of North America B2B Payments Market
- Expansion Analysis of North America B2B Payments Market
- Problems and Obstacles in North America B2B Payments Market
- Competitive Landscape in the North America B2B Payments Market
- Impact of COVID-19 and Demonetization on North America B2B Payments Market
- Details on Current Investment in North America B2B Payments Market
- Competitive Analysis of North America B2B Payments Market
- Prominent Players in the North America B2B Payments Market
- SWOT Analysis of North America B2B Payments Market
- North America B2B Payments Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the North America B2B Payments Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America B2B Payments Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America B2B Payments Market
7. North America B2B Payments Market, By Payment Type (USD Million)
7.1. North America B2B Payments Market Value Share and Forecast, By Payment Type, 2023-20337.2. Domestic Payments7.3. Cross-border Payments
8. North America B2B Payments Market, By Enterprise Size (USD Million)
8.1. North America B2B Payments Market Value Share and Forecast, By Enterprise Size, 2023-20338.2. Large Enterprises8.3. Medium-Sized Enterprises8.4. Small-Sized Enterprises
9. North America B2B Payments Market, By Payment Method (USD Million)
9.1. North America B2B Payments Market Value Share and Forecast, By Payment Method, 2023-20339.2. Bank Transfer9.3. Cards9.4. Others
10. North America B2B Payments Market, By Industry Vertical (USD Million)
10.1. North America B2B Payments Market Value Share and Forecast, By Industry Vertical, 2023-203310.2. BFSI10.3. Energy and Utilities10.4. Government Sector10.5. IT and Telecom10.6. Manufacturing10.7. Metals and Mining10.8. Others
11. North America B2B Payments Market Forecast, 2019-2033 (USD Million)
11.1. North America B2B Payments Market Size and Market Share
12. North America B2B Payments Market, By Payment Type, 2019-2033 (USD Million)
12.1. North America B2B Payments Market Size and Market Share By Payment Type (2019-2026)12.2. North America B2B Payments Market Size and Market Share By Payment Type (2027-2033)
13. North America B2B Payments Market, By Enterprise Size, 2019-2033 (USD Million)
13.1. North America B2B Payments Market Size and Market Share By Enterprise Size (2019-2026)13.2. North America B2B Payments Market Size and Market Share By Enterprise Size (2027-2033)
14. North America B2B Payments Market, By Payment Method, 2019-2033 (USD Million)
14.1. North America B2B Payments Market Size and Market Share By Payment Method (2019-2026)14.2. North America B2B Payments Market Size and Market Share By Payment Method (2027-2033)
15. North America B2B Payments Market, By Industry Vertical, 2019-2033 (USD Million)
15.1. North America B2B Payments Market Size and Market Share By Industry Vertical (2019-2026)15.2. North America B2B Payments Market Size and Market Share By Industry Vertical (2027-2033)
16. North America B2B Payments Market, By Region, 2019-2033 (USD Million)
16.1. North America B2B Payments Market Size and Market Share By Region (2019-2026)16.2. North America B2B Payments Market Size and Market Share By Region (2027-2033)16.3. Canada16.4. Mexico16.5. United States16.6. Rest of North America
17. Company Profile
17.1. American Express
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Bank of America Corporation
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Capital One
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Mastercard
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Payoneer Inc.
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Paypal Holdings Inc.
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Square, Inc.
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Stripe
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. TransferWise Ltd.
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Visa Inc
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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North America B2B Payments Market is projected to reach USD 507.78 billion by 2033, growing at a CAGR of 7.83% during the forecast period.
North America B2B Payments Market grew in market size from 2022. The Market is expected to reach USD 507.78 billion by 2033, at a CAGR of 7.83% during the forecast period.
North America B2B Payments Market CAGR of 7.83% during the forecast period.
North America B2B Payments Market size is USD 507.78 billion from 2023 to 2033.
North America B2B Payments Market Segment is covered By Payment Type, By Enterprise Size, Payment Method, By Industrial Method.
The North America is anticipated to have the highest market share in the North America B2B Payments Market.
The key players in the market include Companies Covered American Express, Bank of America Corporation, Capital One, Mastercard, Payoneer Inc, Paypal Holdings Inc, Square Inc, Stripe, TransferWise Ltd, Visa Inc, Others.
Business-to-business (B2B) payment encourages safer transactions for merchants who require recurrent, regular transactions and provides end users with a variety of activities such as accounts receivable, accounts payable, payroll, and acquisition departments.
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