Europe B2B Payments Market Size, Trends and Insights By Payment Methods (Traditional Payment Methods, Digital Payment Methods), By Type (Domestic Payments, Cross-Border Payments), By Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises), By End User (Manufacturing, Retail and E-commerce, Healthcare, IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Transportation and Logistics, Travel and Hospitality, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Reports Description
As per the current market research conducted by the CMI Team, the Europe B2B Payments Market is expected to record a CAGR of 9.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 572.9 Billion. By 2033, the valuation is anticipated to reach USD 1,329.1 Billion.
The Europe B2B payments market encompasses the exchange of funds between businesses for goods and services within the European region. It features a diverse landscape of payment methods, including traditional methods like bank transfers and checks, as well as modern digital solutions such as electronic invoicing and mobile payments.
Fueled by advancements in fintech and regulatory changes like PSD2, the market is undergoing a digital transformation, with businesses increasingly adopting innovative payment technologies to streamline operations, improve efficiency, and enhance security. This dynamic market serves as a crucial backbone for facilitating trade and commerce across Europe’s diverse economic landscape.
Europe B2B Payments Market – Significant Growth Factors
The Europe B2B Payments Market presents significant growth opportunities due to several factors:
- Digital Transformation: The ongoing digital transformation in Europe’s B2B payments market is driven by the adoption of electronic payment solutions, cloud-based platforms, and advanced analytics to improve efficiency and reduce costs.
- Regulatory Changes: Regulatory initiatives like PSD2 and Open Banking are driving innovation and competition in the B2B payments space, fostering the development of new payment services and enhancing consumer protection.
- Fintech Innovation: The proliferation of fintech startups in Europe is driving innovation in B2B payments, with new players offering disruptive solutions such as blockchain-based payments, peer-to-peer lending, and invoice financing.
- Globalization and Cross-Border Trade: The expansion of cross-border trade within Europe and beyond is driving demand for efficient and cost-effective B2B payment solutions that support multi-currency transactions and comply with international regulations.
- Integrated Payment Solutions: There is an opportunity to develop integrated payment solutions that seamlessly connect with existing business systems, such as ERP and accounting software, to streamline payment processes and improve cash flow management.
- Enhanced Security and Fraud Prevention: With the increasing threat of cyberattacks and payment fraud, there is a growing opportunity to develop advanced security solutions, such as biometric authentication, tokenization, and machine learning-based fraud detection, to protect sensitive financial data and build trust among businesses.
Europe B2B Payments Market – Mergers and Acquisitions
The Europe B2B Payments Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Europe B2B Payments Market include:
- In 2023, ConnexPay, a payment technology firm based in Europe, developed groundbreaking real-time B2B payment solutions in British Pounds (GBP) and Euros (EUR), revolutionizing the acceptance and processing of payments within the region.
- In 2023, By expanding its cross-border B2B payments platform portfolio into Germany and Spain, Sprinque, a Netherlands-based payment service provider, has significantly increased its geographic footprint, positioning itself to dominate the European market.
- In 2023, The French FinTech company Aria bolstered its B2B Deferred Payment Infrastructure in the United Kingdom with a new office, enhancing trade SaaS platforms, ERP systems, and online B2B commerce while fostering connectivity with marketplaces.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Europe B2B Payments Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Europe B2B Payments Market | B2B Payments Market | India B2B Payments Market |
CAGR 9.8% (Approx) | CAGR 9% (Approx) | CAGR 8.1% (Approx) |
USD 1,329.1 Billion by 2033 | USD 1689.4 Billion by 2032 | USD 1,136.1 Billion by 2033 |
Europe B2B Payments Market – Significant Threats
The Europe B2B Payments Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Cybersecurity Risks: The increasing reliance on digital payment methods exposes businesses to cybersecurity threats such as data breaches, ransomware attacks, and phishing scams, potentially leading to financial losses, reputational damage, and regulatory penalties.
- Regulatory Uncertainty: Complex and evolving regulatory frameworks, including GDPR, PSD2, and AML directives, pose compliance challenges for businesses operating in the B2B payments market, with non-compliance carrying legal and financial risks.
- Market Fragmentation: The fragmented nature of the European B2B payments market, with diverse regulations, currencies, and payment methods across different countries, can hinder interoperability, standardization, and scalability, impacting efficiency and cost-effectiveness.
- Competition from Fintech Disruptors: Fintech startups and tech giants are disrupting traditional B2B payment models with innovative solutions, posing a threat to established players. These newcomers offer agile, user-friendly platforms and services that challenge incumbents and drive market consolidation.
- Slow Adoption of New Technologies: Resistance to change and legacy infrastructure within businesses can hinder the adoption of new payment technologies, delaying innovation and leaving companies vulnerable to competitors that embrace digital transformation. This slow adoption rate may impede the market’s ability to keep pace with evolving customer expectations and industry trends.
Category-Wise Insights
By Payment Methods:
- Traditional Payment Methods: Traditional payment methods in the Europe B2B payments market include checks, bank transfers, and cash transactions. Despite the rise of digital payments, these methods persist due to legacy systems and established business practices. However, there is a gradual decline in their usage, driven by the push for efficiency and cost-effectiveness, as businesses increasingly transition to digital alternatives for faster processing, reduced paperwork, and improved transparency.
- Digital Payment Methods: Digital payment methods, such as electronic invoicing, credit/debit cards, and mobile wallets, are gaining prominence in the Europe B2B payments market. These methods offer convenience, speed, and security, facilitating seamless transactions between businesses. With the growth of e-commerce and digitalization, there is a rising trend towards adopting digital payment solutions to streamline operations, enhance cash flow management, and meet the evolving needs of businesses in a digital economy.
By Type
- Domestic Payments: Domestic payments in the Europe B2B payments market involve transactions between businesses within the same country. Trends include the increasing adoption of real-time payment schemes like SEPA Instant Credit Transfer (SCT Inst), enabling faster settlement and improved cash flow management. Digital invoicing solutions and electronic bank transfers are also gaining traction, streamlining payment processes and reducing reliance on traditional paper-based methods.
- Cross-Border Payments: Cross-border payments in the Europe B2B payments market involve transactions between businesses across different countries. Trends include the growth of international trade and the adoption of cross-border payment platforms like SWIFT and RippleNet. Businesses are increasingly seeking cost-effective and transparent cross-border payment solutions that offer competitive exchange rates, low fees, and fast transaction speeds, driving innovation in the cross-border payments landscape.
By Enterprise Size
- Small and Medium Enterprises (SMEs): Small and Medium Enterprises (SMEs) in the Europe B2B payments market comprise businesses with relatively smaller revenue and workforce. Trends include the adoption of cloud-based payment solutions, mobile payment apps, and digital invoicing to streamline operations and improve cash flow management. Additionally, there’s a growing emphasis on flexible payment terms and financing options tailored to the unique needs and constraints of SMEs.
- Large Enterprises: Large Enterprises in the Europe B2B payments market are characterized by extensive resources and complex payment requirements. Trends include the implementation of enterprise resource planning (ERP) systems with integrated payment modules, real-time payment processing, and supply chain financing solutions to optimize working capital and enhance efficiency. Additionally, there’s a focus on payment analytics and optimization strategies to drive cost savings and mitigate risks.
By End Users
- Manufacturing: Manufacturing companies in the Europe B2B payments market are involved in the production of goods. Trends include the adoption of electronic invoicing, supply chain financing, and automated payment solutions to streamline operations and improve cash flow management. Enhanced payment security measures and integration with ERP systems are also prominent in support of global supply chain management.
- Retail and E-commerce: Retail and e-commerce businesses in Europe’s B2B payments market involve companies selling products directly to consumers or businesses online. Key trends include the integration of payment gateways with e-commerce platforms, the rise of mobile payments, and the adoption of digital wallets. Enhanced fraud detection and seamless checkout experiences are prioritized to meet evolving consumer demands.
- Healthcare: Healthcare organizations in Europe’s B2B payments market include providers, insurers, and pharmaceutical companies. Trends include the adoption of electronic medical billing and payment processing solutions to streamline revenue cycle management. Emphasis is placed on GDPR compliance, data security, and interoperability to ensure seamless integration with electronic health record systems and third-party payers.
- IT and Telecom: IT and telecom companies in Europe’s B2B payments market provide technology products and services, including software, hardware, and telecommunications solutions. Trends include the adoption of subscription-based billing models and usage-based pricing. Payment solutions tailored for recurring billing, automated provisioning, and revenue recognition are in demand to support subscription economy growth and enhance customer experience.
- Banking, Financial Services, and Insurance (BFSI): BFSI institutions in Europe’s B2B payments market include banks, credit unions, investment firms, and insurance companies. Trends include the adoption of real-time payments, open banking APIs, and blockchain-based solutions to improve transaction speed, transparency, and security. Emphasis is placed on regulatory compliance, risk management, and data protection to address evolving industry regulations and cybersecurity threats.
- Energy and Utilities: Energy and utilities companies in Europe’s B2B payments market involve providers of electricity, natural gas, water, and renewable energy. Trends include the adoption of smart metering and billing systems for accurate consumption tracking and invoicing. Payment solutions that support dynamic pricing, energy trading, and sustainability reporting are in focus to meet regulatory requirements and drive operational efficiency.
- Transportation and Logistics: Transportation and logistics companies in Europe’s B2B payments market encompass freight carriers, logistics providers, and shipping companies. Trends include the adoption of digital freight matching platforms and transportation management systems for efficient route planning and cargo tracking. Payment solutions that offer real-time visibility, automated invoicing, and freight payment auditing are essential to optimize supply chain operations and reduce costs.
- Travel and Hospitality: Travel and hospitality businesses in Europe’s B2B payments market include airlines, hotels, travel agencies, and event management companies. Trends include the adoption of virtual card payments and mobile check-in/out solutions to enhance guest experience and streamline payment processes. Integration with loyalty programs and travel management platforms is prioritized to drive customer engagement and loyalty.
- Others: The “Others” category in Europe’s B2B payments market encompasses a diverse range of industries, including construction, education, professional services, and government. Trends vary widely depending on the specific sector but may include the adoption of electronic procurement systems, vendor management solutions, and payment automation tools to improve operational efficiency, compliance, and cost management.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 572.9 Billion |
Projected Market Size in 2033 | USD 1,329.1 Billion |
Market Size in 2023 | USD 521.8 Billion |
CAGR Growth Rate | 9.8% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Payment Methods, Type, Enterprise Size, End User and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | Europe |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Competitive Landscape – Europe B2B Payments Market
The Europe B2B Payments Market is highly competitive, with a large number of players operating in Europe. Some of the key players in the market include:
- Adyen NV
- Wirecard AG
- Skrill Limited
- Worldline SA
- PayPal Holdings Inc.
- Stripe Inc.
- SumUp Holdings AG
- Ingenico Group SA
- Klarna Bank AB
- Revolut Ltd.
- Monzo Bank Ltd.
- TransferWise Ltd.
- Square Inc.
- Paysafe Group Limited
- Fiserv Inc.
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New entrants into the European B2B payments market, such as TransferWise (Wise), Revolut, and Adyen, are disrupting traditional models with innovative solutions. These newcomers leverage technology and agile business models to offer competitive advantages, including lower fees, faster transactions, and enhanced user experiences.
However, established players like PayPal, Worldline, and Ingenico continue to dominate the market due to their extensive networks, established trust, and comprehensive service offerings. These key players maintain dominance by continuously innovating, expanding their global reach, and forging strategic partnerships to meet evolving customer demands.
The Europe B2B Payments Market is segmented as follows:
By Payment Methods
- Traditional Payment Methods
- Digital Payment Methods
By Type
- Domestic Payments
- Cross-Border Payments
By Enterprise Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By End User
- Manufacturing
- Retail and E-commerce
- Healthcare
- IT and Telecom
- Banking, Financial Services, and Insurance (BFSI)
- Energy and Utilities
- Transportation and Logistics
- Travel and Hospitality
- Others
Regional Coverage:
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Europe B2B Payments Market, (2024 – 2033) (USD Billion)
- 2.2 Europe B2B Payments Market: snapshot
- Chapter 3. Europe B2B Payments Market – Industry Analysis
- 3.1 Europe B2B Payments Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Digital Transformation
- 3.2.2 Regulatory Changes
- 3.2.3 Fintech Innovation
- 3.2.4 Globalization and Cross-Border Trade
- 3.2.5 Integrated Payment Solutions
- 3.2.6 Enhanced Security and Fraud Prevention.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Payment Methods
- 3.7.2 Market Attractiveness Analysis By Type
- 3.7.3 Market Attractiveness Analysis By Enterprise Size
- 3.7.4 Market Attractiveness Analysis By End User
- Chapter 4. Europe B2B Payments Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Europe B2B Payments Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Europe B2B Payments Market – Payment Methods Analysis
- 5.1 Europe B2B Payments Market Overview: By Payment Methods
- 5.1.1 Europe B2B Payments Market Share, By Payment Methods, 2023 and 2033
- 5.2 Traditional Payment Methods
- 5.2.1 Europe B2B Payments Market by Traditional Payment Methods, 2024 – 2033 (USD Billion)
- 5.3 Digital Payment Methods
- 5.3.1 Europe B2B Payments Market by Digital Payment Methods, 2024 – 2033 (USD Billion)
- 5.1 Europe B2B Payments Market Overview: By Payment Methods
- Chapter 6. Europe B2B Payments Market – Type Analysis
- 6.1 Europe B2B Payments Market Overview: By Type
- 6.1.1 Europe B2B Payments Market Share, By Type, 2023 and 2033
- 6.2 Domestic Payments
- 6.2.1 Europe B2B Payments Market by Domestic Payments, 2024 – 2033 (USD Billion)
- 6.3 Cross-Border Payments
- 6.3.1 Europe B2B Payments Market by Cross-Border Payments, 2024 – 2033 (USD Billion)
- 6.1 Europe B2B Payments Market Overview: By Type
- Chapter 7. Europe B2B Payments Market – Enterprise Size Analysis
- 7.1 Europe B2B Payments Market Overview: By Enterprise Size
- 7.1.1 Europe B2B Payments Market Share, By Enterprise Size, 2023 and 2033
- 7.2 Small and Medium Enterprises (SMEs)
- 7.2.1 Europe B2B Payments Market by Small and Medium Enterprises (SMEs), 2024 – 2033 (USD Billion)
- 7.3 Large Enterprises
- 7.3.1 Europe B2B Payments Market by Large Enterprises, 2024 – 2033 (USD Billion)
- 7.1 Europe B2B Payments Market Overview: By Enterprise Size
- Chapter 8. Europe B2B Payments Market – End User Analysis
- 8.1 Europe B2B Payments Market Overview: By End User
- 8.1.1 Europe B2B Payments Market Share, By End User, 2023 and 2033
- 8.2 Manufacturing
- 8.2.1 Europe B2B Payments Market by Manufacturing, 2024 – 2033 (USD Billion)
- 8.3 Retail and E-commerce
- 8.3.1 Europe B2B Payments Market by Retail and E-commerce, 2024 – 2033 (USD Billion)
- 8.4 Healthcare
- 8.4.1 Europe B2B Payments Market by Healthcare, 2024 – 2033 (USD Billion)
- 8.5 IT and Telecom
- 8.5.1 Europe B2B Payments Market by IT and Telecom, 2024 – 2033 (USD Billion)
- 8.6 Banking, Financial Services, and Insurance (BFSI)
- 8.6.1 Europe B2B Payments Market by Banking, Financial Services, and Insurance (BFSI), 2024 – 2033 (USD Billion)
- 8.7 Energy and Utilities
- 8.7.1 Europe B2B Payments Market by Energy and Utilities, 2024 – 2033 (USD Billion)
- 8.8 Transportation and Logistics
- 8.8.1 Europe B2B Payments Market by Transportation and Logistics, 2024 – 2033 (USD Billion)
- 8.9 Travel and Hospitality
- 8.9.1 Europe B2B Payments Market by Travel and Hospitality, 2024 – 2033 (USD Billion)
- 8.10 Others
- 8.10.1 Europe B2B Payments Market by Others, 2024 – 2033 (USD Billion)
- 8.1 Europe B2B Payments Market Overview: By End User
- Chapter 9. Europe B2B Payments Market – Regional Analysis
- 9.1 Europe B2B Payments Market Regional Overview
- 9.2 Europe B2B Payments Market Share, by Region, 2023 & 2033 (USD Billion)
- 9.3. Europe
- 9.3.1 Europe Europe B2B Payments Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 Europe Europe B2B Payments Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 Europe Europe B2B Payments Market, 2024 – 2033 (USD Billion)
- 9.4 Europe Europe B2B Payments Market, by Payment Methods, 2024 – 2033
- 9.4.1 Europe Europe B2B Payments Market, by Payment Methods, 2024 – 2033 (USD Billion)
- 9.5 Europe Europe B2B Payments Market, by Type, 2024 – 2033
- 9.5.1 Europe Europe B2B Payments Market, by Type, 2024 – 2033 (USD Billion)
- 9.6 Europe Europe B2B Payments Market, by Enterprise Size, 2024 – 2033
- 9.6.1 Europe Europe B2B Payments Market, by Enterprise Size, 2024 – 2033 (USD Billion)
- 9.7 Europe Europe B2B Payments Market, by End User, 2024 – 2033
- 9.7.1 Europe Europe B2B Payments Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Adyen NV
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Wirecard AG
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Skrill Limited
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Worldline SA
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 PayPal Holdings Inc.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Stripe Inc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 SumUp Holdings AG
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Ingenico Group SA
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Klarna Bank AB
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Revolut Ltd.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Monzo Bank Ltd.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 TransferWise Ltd.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Square Inc.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Paysafe Group Limited
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Fiserv Inc.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Adyen NV
List Of Figures
Figures No 1 to 29
List Of Tables
Tables No 1 to 6
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
|
|
Demand-side |
|
|
Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Adyen NV
- Wirecard AG
- Skrill Limited
- Worldline SA
- PayPal Holdings Inc.
- Stripe Inc.
- SumUp Holdings AG
- Ingenico Group SA
- Klarna Bank AB
- Revolut Ltd.
- Monzo Bank Ltd.
- TransferWise Ltd.
- Square Inc.
- Paysafe Group Limited
- Fiserv Inc.
- Others
FAQs
The key factors driving the Market are Digital Transformation, Regulatory Changes, Fintech Innovation, Globalization and Cross-Border Trade, Integrated Payment Solutions, Enhanced Security and Fraud Prevention.
The “Domestic Payments” category dominated the market in 2023.
The key players in the market are Adyen NV, Wirecard AG, Skrill Limited , Worldline SA, PayPal Holdings Inc., Stripe Inc., SumUp Holdings AG, Ingenico Group SA, Klarna Bank AB, Revolut Ltd., Monzo Bank Ltd., TransferWise Ltd., Square Inc., Paysafe Group Limited, Fiserv Inc., Others.
The market is projected to grow at a CAGR of 9.8% during the forecast period, 2024-2033.
The Europe B2B Payments Market size was valued at USD 572.9 Billion in 2024.