North America B2B Payments Market Growth, Size, Trends, Revenue, Demand and Future Outlook: SPER Market Research

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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.

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:	Domestic Payments Cross-border Payments
By Enterprise Size:	Large Enterprises Medium-Sized Enterprises Small-Sized Enterprises
By Payment Method:	Bank Transfer Cards Others
By Industry Vertical:	BFSI Energy and Utilities Government Sector IT and Telecom Manufacturing Metals and Mining Others

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 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 North America B2B Payments 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. North America B2B Payments Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Domestic Payments
7.3. 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, 2023-2033
8.2. Large Enterprises
8.3. Medium-Sized Enterprises
8.4. 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, 2023-2033
9.2. Bank Transfer
9.3. Cards
9.4. 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, 2023-2033
10.2. BFSI
10.3. Energy and Utilities
10.4. Government Sector
10.5. IT and Telecom
10.6. Manufacturing
10.7. Metals and Mining
10.8. 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. Canada
16.4. Mexico
16.5. United States
16.6. Rest of North America

17. Company Profile

17.1. American Express

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Bank of America Corporation

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Capital One

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Mastercard

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. Payoneer Inc.

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Paypal Holdings Inc.

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Square, Inc.

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Stripe

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. TransferWise Ltd.

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Visa Inc

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. 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.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How can I get a sample report on the North America B2B Payments Market?

You can get the sample pages by clicking the link - Click Here

How big is the North America B2B Payments Market?

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.

What is the growth rate of the North America B2B Payments Market?

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.

What is the anticipated CAGR of the North America B2B Payments Market?

North America B2B Payments Market CAGR of 7.83% during the forecast period.

What is the market size of the North America B2B Payments Market?

North America B2B Payments Market size is USD 507.78 billion from 2023 to 2033.

Which segment is expected to North America B2B Payments Market?

North America B2B Payments Market Segment is covered By Payment Type, By Enterprise Size, Payment Method, By Industrial Method.

Which region is expected to have the highest market share in the North America B2B Payments Market?

The North America is anticipated to have the highest market share in the North America B2B Payments Market.

Who are the key players in 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.

What is the conclusion of the North America B2B Payments Market?

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.