Dublin, Aug. 05, 2024 (GLOBE NEWSWIRE) -- The "Electronic Bill Presentment and Payment (EBPP) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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?
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 B.V.
- Corcentric
- Bill.com
- Agile Payments
- Brite:Bill
- Cadence Bancorp LLC
Key Attributes
| Report Attribute | Details |
| No. of Pages | 411 |
| 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 |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Electronic Bill Presentment & Payment (EBPP): Strongly Founded on Next Generation Internet Economy
- Why High-Speed Broadband Matters?
- Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
- World Internet Adoption Rate (in %) by Geographic Region: 2021
- Countries with Highest Internet Adoption Rates (%) Worldwide: As of April 2022
- Fixed Broadband Speeds (in Mbps) by Select Countries: October 2021
- Electronic Bill Presentment and Payments (EBPP): Definition, Scope, Benefits & Importance
- Components of EBPP
- Parties Involved in Implementing EBPP
- EBPP Models
- Consumer-to-Business (C2B) Payment Choices
- Global Market Prospects & Outlook
- Competition
- Electronic Bill Presentment and Payment (EBPP) - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Global Efforts to Go Cashless Provides Policy-Led Support for the Evolution of EBPP
- Pandemic Accelerates the Move towards Electronic Modes of Bill Payment
- Global Volume of Non-Cash Transactions (In Billion) for the Years 2018, 2020, 2022 & 2024
- Rise of Digital Lifestyles, Increase in FTTH Connections & Internet Banking Habits to Support Growth in the Market
- More Homes With Fiber Internet Increases the Odds of Digital Payment Adoption: Global Fiber-to-the-Home/Building (FTTH/B) Market (In US$ Million) for Years 2020 and 2026
- Digital Banking Makes Strong Gains
- Global Digital Banking Market Revenues (US$ Million) by Geographic Region/Country for Years 2020 and 2027
- Smartphones, a Ubiquitous Indicator of Modern Digital Life
- Spectacular Rise in Internet Activity Supported by the Pandemic
- Smart Homes, Barometer of the Level of Digitalization in Consumer Life
- Spectacular Rise in eCommerce and mCommerce Strengthens Business Case for EBPP
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2019 through 2025
- Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020, 2022 & 2024
- EBPP Solutions Witness Increased Adoption Among Banks
- Mobile Wallets & Payments Goes Mainstream Spurring Growth in the EBPP Market
- Mobile Payments Continue to Gain Share
- Developments in Mobile Wallets Encourage Increase in Mobile Payments
- Mobile Money Flourishes in Developing Countries
- Conclusion
- Electronic Billing Platforms Poised to Bring About Improvements in Government Payments
- Outsourced EBPP Services Gain in Popularity
- The Rise of Customer Self-Service Tilts EBPP Technologies into the Mass Adoption Stage
- Global Customer Self-Service Market Opportunity (In US$ Billion) for Years 2020, 2022, 2024 and 2026
- Intuitive Design of Electronic Bills: Vital to the Success of Bill Presentment
- SMS & ATMs Emerge as Innovative Mediums of Electronic Payment
- SMBs: An Emerging & Lucrative Customer Cluster for EBPP
- EBPP Facilitates Improvement in Reconciling, Billing and Payment Functions of Businesses
- Convergence of Billing with Customer Analytics Opens a New Window of Opportunity
- Launch of e-Bill Adoption Campaigns to Benefit Market Growth
- Growing Focus on Environmental Sustainability to Benefit EBPP
- Why CSPs Are Turning towards EBPP Solutions?
- EBPP Solution Enables Auto Insurers to Offer Seamless Experiences
- Credit Unions Leverage EBPP and Online Banking Integration
- Hyper-Customization & Implications for EBPP
- AI Technology Presents New Opportunities for Payments and Billing
- Cryptocurrency as a Payment Model Gains in Popularity
- QR Code Payments Gains Momentum
- 5G Connectivity to Boost Mobile-First Approach to Digital Payments
- 5G Smartphone Sales in Million Units: 2019-2024
- Key Challenges Associated with EBPP Implementation
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9t8lv4
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