The global market for Electronic Bill Presentment and Payment (EBPP) is estimated at 24.4 Billion Bills in 2023 and is projected to reach 37.9 Billion Bills by 2030, growing at a CAGR of 6.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Electronic Bill Presentment and Payment (EBPP) market is driven by several factors. Firstly, the increasing penetration of internet banking and mobile payment solutions is making electronic bill payments more accessible to consumers. Secondly, the cost savings and operational efficiencies gained by businesses through the adoption of EBPP systems are encouraging their widespread implementation.
Thirdly, the enhanced security features and convenience of digital payment options are attracting more users to EBPP platforms. Lastly, regulatory support for digital financial transactions and the global trend towards a cashless economy are further propelling the market. These factors collectively contribute to the robust expansion of the EBPP market.
The growth in the Electronic Bill Presentment and Payment (EBPP) market is driven by several factors. Firstly, the increasing penetration of internet banking and mobile payment solutions is making electronic bill payments more accessible to consumers. Secondly, the cost savings and operational efficiencies gained by businesses through the adoption of EBPP systems are encouraging their widespread implementation.
Thirdly, the enhanced security features and convenience of digital payment options are attracting more users to EBPP platforms. Lastly, regulatory support for digital financial transactions and the global trend towards a cashless economy are further propelling the market. These factors collectively contribute to the robust expansion of the EBPP market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Electronic Bill Payment segment, which is expected to reach 22.4 Billion Bills by 2030 with a CAGR of a 7.2%. The Electronic Bill Presentment segment is also set to grow at 5.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 6.6 Billion Bills in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach 6.7 Billion Bills by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electronic Bill Presentment and Payment (EBPP) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Bill Presentment and Payment (EBPP) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electronic Bill Presentment and Payment (EBPP) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AT&T, Inc., ACI Worldwide, Inc., API Outsourcing, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 119 Featured):
- AT&T, Inc.
- ACI Worldwide, Inc.
- API Outsourcing, Inc.
- Bottomline Technologies, Inc.
- Aliaswire, Inc.
- Alipay
- AvidXchange, Inc.
- Conduent Business Services LLC
- Alacriti
- Calvi Business Software BV
- Corcentric
- Bill.com
- Agile Payments
- Brite:Bill
- Cadence Bancorp LLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- AT&T, Inc.
- ACI Worldwide, Inc.
- API Outsourcing, Inc.
- Bottomline Technologies, Inc.
- Aliaswire, Inc.
- Alipay
- AvidXchange, Inc.
- Conduent Business Services LLC
- Alacriti
- Calvi Business Software BV
- Corcentric
- Bill.com
- Agile Payments
- Brite:Bill
- Cadence Bancorp LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 411 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 24.4 Billion Bills |
| Forecasted Market Value by 2030 | 37.9 Billion Bills |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
