The article cited AMA's "Global B2B Payments Market Study" explored CAGR of %. According to the report, Payment Automation on the Rise
is one of the primary growth factors for the market. The Increasing Investment by Venture Capital and Private Equity Funds in the Space
is also expected to contribute significantly to the B2B Payments market. Overall, BFSI
applications of B2B Payments, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Payment Methods, such as Checks, is boosting the B2B Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Business Size, such as Small & Medium Size Businesses, is boosting the B2B Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Boundary Type, such as Cross-Boundary, is boosting the B2B Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global B2B Payments market identified that the demand is rising in many different parts of the world as "Blockchain Technology for B2B Payments Can Open Lucrative Opportunities for the Market
". Furthermore, some recent industry insights like "On 12 Sept 2019, Mastercard unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM. The Track brand of products represents a transformational change for suppliers and buyers: solutions that will reduce complexity, cut costs and automate processes. and On 26 June 2019, Coupa Software, a leader in Business Spend Management (BSM), announced that its Coupa Pay offering will integrate with Stripe, the online payments platform. This will make virtual card payments simpler and faster for businesses that use the Coupa BSM Platform. Coupa is transforming B2B payments by removing complexity and weaving payments throughout business spend processes." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global B2B Payments market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the B2B Payments market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall B2B Payments market size is calculated using market estimation process, the B2B Payments market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global B2B Payments market size has been validated using both top-down and bottom-up approaches.