Enterprise Payments Platform Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Enterprise Payments Platform Market Size- By Component, By Deployment, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Enterprise Payments Platform Market Size- By Component, By Deployment, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Oct 2023 Report ID: IACT23170 Pages: 1 - 234 Formats*:     
Category : Information & Communications Technology
Enterprise Payments Platform Market Introduction and Overview 

According to SPER Market Research, the Global Enterprise Payments Platform Market is estimated to reach USD 14.60 billion by 2033 with a CAGR of 6.2%.

The report includes an in-depth analysis of the Global Enterprise Payments Platform Market, including market size and trends, product mix, Applications, and supplier analysis. Enterprise payments platforms facilitate the optimisation and streamlining of payment processing structures for large and international corporations. By minimising payment errors, eliminating payment fraud, automating complex transactional procedures, and facilitating multi-currency fund transfers from customers to suppliers, the platform improves the efficiency of payment activities. In addition, the platform helps retail, e-commerce, and financial organisations comply with industry regulations by streamlining their payment processing infrastructure and offering their clients a profitable payment plan. Enterprise payment solutions are becoming more advanced as a result of the growing need for real-time payments from organisations.

  • In 2019: Fiserv and First Data Corporation have amalgamated. The deal contributes to footprint expansion and scale growth. The primary goal of the merger was to establish a FinTech and payments global leader.
  • On 21st October 2021: A programme to provide minority depository institutions with real-time P2P payments was introduced by Fiserv. In order to maintain relationships with clients over time, the new launch must continuously adapt its services to match their needs.
  • According to the RBI, "Non-bank PAs shall require authorization from RBI under the Payment and Settlement Systems Act."
Enterprise Payments Platform Market
Market Opportunities and Challenges
One of the main factors creating opportunities in the enterprise platform market is the widespread implementation of real-time payment systems. Furthermore, there is a greater need than ever for enterprise payment platforms due to the expeditious, secure, and effective processing of payments. Moreover, big data and analytics are a key driver for businesses, offering insights from payment data. Enterprise Payments Platforms use advanced analytics to extract valuable information from transaction data, aiding informed decision-making, improving cash flow, and boosting financial strategies. Data-driven intelligence enhances payment processes, reduces fraud, and identifies cost-saving opportunities, enhancing competitiveness.

However, security continues to be the top priority due to the amount and complexity of financial transactions increasing. The potential for fraudulent activity, hacks, and data breaches presents significant obstacles for enterprise payment platforms. It's a constant struggle to preserve sensitive financial data's secrecy and integrity. Cyberattacks and security lapses present a serious risk to enterprise payment platforms. Cybercriminals and hackers attack these systems in an effort to take advantage of weaknesses, compromise payment transactions, and steal financial information. Data breaches may have serious repercussions, including diminished consumer confidence, fines from authorities, and monetary losses.

Enterprise Payments Platform Market


Market Competitive Landscape
In order to deliver cutting-edge enterprise payments platform solutions and services that improve payment performance and reduce payment fraud, major players in the market are concentrating on product innovation and forming strategic alliances with technology vendors. The major players in the market include: Adyen N.V., bookitLive, Built In, First Data, Fiserv, Jack Henry and Associates, Oracle Corporation, Payline, Payscout, Square Inc., Stripe Inc., Others.

Scope of the Report:
Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Component, By Deployment, By Enterprise Size, By End User
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies Covered
Adyen N.V., bookitLive, Built In, First Data, Fiserv, Jack Henry and Associates, Oracle Corporation, Payline, Payscout, Square Inc., Stripe Inc., Others
COVID-19 Impact on Global Enterprise Payments Platform Market
Significant economic shifts have been brought about by the coronavirus epidemic, particularly in the payment sector. Lockdowns accelerated the shift towards online banking services as customers resorted more and more to digital payments. The enduring impact of COVID-19 has incentivized industry participants to innovate payment systems, hence cultivating collaborations between technology companies and banks. The market for enterprise payments platforms grew significantly during the pandemic and is expected to increase even more after the coronavirus. In addition, the pandemic has increased identity theft and digital fraud, which has increased the need for enterprise payments platform solutions to fight fraud in the retail, banking, and government sectors.

Key Target Audience:
  • Enterprise Payments Platform Developers
  • IT and Technology Leaders
  • Potential Investors
  • Regulatory Bodies
  • Research and Development Institutes 
  • Startups and Small-Medium Enterprises (SMEs)
  • Others
Our in-depth analysis of the Enterprise Payments Platform Market includes the following segments:
By Component:
  • Solution
  • Service
  • By Deployment:
  • Cloud-Based
  • On-Premise
  • By Enterprise Size:
  • Large Enterprise
  • SMEs
  • By End User:
  • BFSI
  • Education
  • IT and Telecom
  • Manufacturing
  • Oil and Gas
  • Retail
  • Key Topics Covered in the Report:
    • Global Enterprise Payments Platform Market Size (FY’2023-FY’2033)
    • Overview of Global Enterprise Payments Platform Market
    • Segmentation of Global Enterprise Payments Platform Market By Component (Solution, Service)
    • Segmentation of Global Enterprise Payments Platform Market By Deployment (Cloud-Based, On-Premise)
    • Segmentation of Global Enterprise Payments Platform Market By Enterprise Size (Large Enterprises, Small & Medium-sized Enterprises)
    • Segmentation of Global Enterprise Payments Platform Market By End User (BFSI, Education, IT and Telecom, Manufacturing, Oil and Gas, Retail, Others)
    • Statistical Snap of Global Enterprise Payments Platform Market
    • Expansion Analysis of Global Enterprise Payments Platform Market
    • Problems and Obstacles in Global Enterprise Payments Platform Market
    • Competitive Landscape in the Global Enterprise Payments Platform Market
    • Impact of COVID-19 and Demonetization on Global Enterprise Payments Platform Market
    • Details on Current Investment in Global Enterprise Payments Platform Market
    • Competitive Analysis of Global Enterprise Payments Platform Market
    • Prominent Players in the Global Enterprise Payments Platform Market
    • SWOT Analysis of Global Enterprise Payments Platform Market
    • Global Enterprise Payments Platform Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. 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. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Enterprise Payments Platform Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Enterprise Payments Platform Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Enterprise Payments Platform Market

    7. Global Enterprise Payments Platform Market, By Component (USD Million)
    7.1. Global Enterprise Payments Platform Market Value Share and Forecast, By Component, 2023-2033
    7.2. Solution
    7.3. Service

    8. Global Enterprise Payments Platform Market, By Deployment (USD Million)
    8.1. Global Enterprise Payments Platform Market Value Share and Forecast, By Deployment, 2023-2033
    8.2. Cloud-Based
    8.3. On-Premise

    9. Global Enterprise Payments Platform Market, By Enterprise Size (USD Million)
    9.1. Global Enterprise Payments Platform Market Value Share and Forecast, By Enterprise Size, 2023-2033
    9.2. Large Enterprise
    9.3. SMEs

    10. Global Enterprise Payments Platform Market, By End User (USD Million)
    10.1. Global Enterprise Payments Platform Market Value Share and Forecast, By End User, 2023-2033
    10.2. BFSI
    10.3. Education
    10.4. IT and Telecom
    10.5. Manufacturing
    10.6. Oil and Gas
    10.7. Retail
    10.8. Others

    11. Global Enterprise Payments Platform Market Forecast, 2019-2033 (USD Million)
    11.1. Global Enterprise Payments Platform Market Size and Market Share

    12. Global Enterprise Payments Platform Market, By Component, 2019-2033 (USD Million)
    12.1. Global Enterprise Payments Platform Market Size and Market Share By Component (2019-2026)
    12.2. Global Enterprise Payments Platform Market Size and Market Share By Component (2027-2033)

    13. Global Enterprise Payments Platform Market, By Deployment, 2019-2033 (USD Million)
    13.1. Global Enterprise Payments Platform Market Size and Market Share By Deployment (2019-2026)
    13.2. Global Enterprise Payments Platform Market Size and Market Share By Deployment (2027-2033)

    14. Global Enterprise Payments Platform Market, By Enterprise Size, 2019-2033 (USD Million)
    14.1. Global Enterprise Payments Platform Market Size and Market Share By Enterprise Size (2019-2026)
    14.2. Global Enterprise Payments Platform Market Size and Market Share By Enterprise Size (2027-2033)

    15. Global Enterprise Payments Platform Market, By End User, 2019-2033 (USD Million)
    15.1. Global Enterprise Payments Platform Market Size and Market Share By End User (2019-2026)
    15.2. Global Enterprise Payments Platform Market Size and Market Share By End User (2027-2033)

    16. Global Enterprise Payments Platform Market, By Region, 2019-2033 (USD Million)
    16.1. Global Enterprise Payments Platform Market Size and Market Share By Region (2019-2026)
    16.2. Global Enterprise Payments Platform Market Size and Market Share By Region (2027-2033) 
    16.3. Asia-Pacific
    16.3.1. Australia
    16.3.2. China
    16.3.3. India
    16.3.4. Japan
    16.3.5. South Korea
    16.3.6. Rest of Asia-Pacific
    16.4. Europe
    16.4.1. France
    16.4.2. Germany
    16.4.3. Italy
    16.4.4. Spain
    16.4.5. United Kingdom
    16.4.6. Rest of Europe
    16.5. Middle East and Africa
    16.5.1. Kingdom of Saudi Arabia 
    16.5.2. United Arab Emirates
    16.5.3. Rest of Middle East & Africa
    16.6. North America
    16.6.1. Canada
    16.6.2. Mexico
    16.6.3. United States
    16.7. Latin America
    16.7.1. Argentina
    16.7.2. Brazil
    16.7.3. Rest of Latin America

    17. Company Profile
    17.1. Adyen N.V.
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. bookitLive
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. Built In
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. First Data
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. Fiserv
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Jack Henry and Associates
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. Oracle Corporation
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. Payline
    17.8.1. Company details
    17.8.2. Financial outlook
    17.8.3. Product summary 
    17.8.4. Recent developments
    17.9. Payscout
    17.9.1. Company details
    17.9.2. Financial outlook
    17.9.3. Product summary 
    17.9.4. Recent developments
    17.10. Square Inc.
    17.10.1. Company details
    17.10.2. Financial outlook
    17.10.3. Product summary 
    17.10.4. Recent developments
    17.11. Stripe Inc.
    17.11.1. Company details
    17.11.2. Financial outlook
    17.11.3. Product summary 
    17.11.4. Recent developments
    17.12. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Enterprise Payments Platform Market is projected to reach USD 14.60 billion by 2033, growing at a CAGR of 6.2% during the forecast period.
    Enterprise Payments Platform Market grew in market size from 2023. The Market is expected to reach USD 14.60 billion by 2033, at a CAGR of 6.2% during the forecast period.
    Enterprise Payments Platform Market CAGR of 6.2% during the forecast period.
    "You can get the sample pages by clicking the link -Click Here"
    Enterprise Payments Platform Market size is USD 14.60 billion from 2023 to 2033.
    Enterprise Payments Platform Market Segment is Covered By Component, By Deployment, By Enterprise Size, By End User
    The North America region is anticipated to have the highest market share in Enterprise Payments Platform Market.
    The key players in the market include Companies Covered Adyen N.V., bookitLive, Built In, First Data, Fiserv, Jack Henry and Associates, Oracle Corporation, Payline, Payscout, Square Inc., Stripe Inc., Others
    Enterprise payments platforms facilitate the optimisation and streamlining of payment processing structures for large and international corporations.
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