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Electronic Bill Presentment and Payment (EBPP) - Global Strategic Business Report

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    Report

  • 411 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382303

Global Electronic Bill Presentment and Payment (EBPP) Market to Reach 41.7 Thousand Million by 2030

The global market for Electronic Bill Presentment and Payment (EBPP) estimated at US$ 22.6 Thousand Million in the year 2022, is projected to reach a revised size of US$ 41.7 Thousand Million by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030. Electronic Bill Payment, one of the segments analyzed in the report, is projected to record 8.7% CAGR and reach US$ 24.6 Thousand Million by the end of the analysis period. Growth in the Electronic Bill Presentment segment is estimated at 7.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at US$ 6.1 Thousand Million, While China is Forecast to Grow at 9.8% CAGR

The Electronic Bill Presentment and Payment (EBPP) market in the U.S. is estimated at US$ 6.1 Thousand Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$ 7.4 Thousand Million by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

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

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Table of Contents

I. METHODOLOGYII. 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
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • and 2023 World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022
  • Electronic Bill Presentment Becomes the New Normal amidst Pandemic-Led Adoption of Digital Payments & Billing
  • Global Market Prospects & Outlook
  • Competition
  • Electronic Bill Presentment and Payment (EBPP) - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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
  • Spurred by the Pandemic & Its Low Touch Norm, Rapid Progress Towards a Cashless Society Provides Opportunities On a Platter for EBPP: Global Volume of Non-Cash Transactions (In Billion) for the Years 2018, 2020 & 2022
  • 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
  • Adoption Rate of Smartphones as a % of Total Population: 2016-2021
  • Spectacular Rise in Internet Activity Supported by the Pandemic
  • WFM Employees as a % of the Total Workforce for 2019, 2020, and 2021
  • Global Internet Video Traffic in Exabytes for the Years 2019 & 2021
  • Smart Homes, Barometer of the Level of Digitalization in Consumer Life
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • 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
  • Pandemic Fast Forwards eCommerce Growth
  • 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
  • Common Reasons for Use of Digital Wallets: % Share of Users by Reason Cited for 2020
  • Digital Wallet Adoption by Generation: % of People Using Digital Wallets in 2020
  • 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: 2019-2022
  • Key Challenges Associated with EBPP Implementation
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Electronic Bill Presentment and Payment (EBPP) Market Analysis of Annual Sales in Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Electronic Bill Presentment and Payment (EBPP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Electronic Bill Presentment and Payment (EBPP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Electronic Bill Presentment and Payment (EBPP) by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Electronic Bill Payment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Electronic Bill Payment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Electronic Bill Payment by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Electronic Bill Presentment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Electronic Bill Presentment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Electronic Bill Presentment by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Electronic Bill Posting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Electronic Bill Posting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Electronic Bill Posting by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 31: World 16-Year Perspective for Media & Entertainment by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2022 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in Million for Years 2014 through 2021 and % CAGR
  • TABLE 34: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Electronic Bill Presentment and Payment (EBPP) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • COVID-19 Transforms Bill Payments Sector in the US
  • CANADA
  • Electronic Bill Presentment and Payment (EBPP) Market Presence - Strong/Active/Niche - Key Competitors in Canada for 2022 (E)
  • JAPAN
  • CHINA
  • EUROPE
  • Electronic Bill Presentment and Payment (EBPP) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Electronic Bill Presentment and Payment (EBPP) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • REST OF WORLD
  • Electronic Bill Presentment and Payment (EBPP) Market Presence - Strong/Active/Niche - Key Competitors in Rest of World for 2022 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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