Global Electronic Bill Presentment and Payment (EBPP) Markets, 2020-2027 - Strongly Founded on Next Generation Internet Economy

News provided by

Apr 15, 2021, 10:30 ET

DUBLIN, April 15, 2021 /PRNewswire/ -- The "Electronic Bill Presentment and Payment (EBPP) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Electronic Bill Presentment and Payment (EBPP) Market to Reach 30.7 Number of Bills in Billion by 2027

Amid the COVID-19 crisis, the global market for Electronic Bill Presentment and Payment (EBPP) estimated at 18.2 Number of Bills in Billion in the year 2020, is projected to reach a revised size of 30.7 Number of Bills in Billion by 2027, growing at a CAGR of 7.8% over the period 2020-2027.

The U.S. Market is Estimated at 5.4 Number of Bills in Billion, While China is Forecast to Grow at 7.3% CAGR

The Electronic Bill Presentment and Payment (EBPP) market in the U.S. is estimated at 5.4 Number of Bills in Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 5.4 Number of Bills in Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Electronic Bill Presentment & Payment: Strongly Founded on Next Generation Internet Economy
Recent Market Activity
Market Overview
Key Benefits of EBPP Driving Adoption Worldwide
EBPP Models
Market Outlook

2. FOCUS ON SELECT PLAYERS

ACI Worldwide (USA)
Bottomline Technologies, Inc. (USA)
Communications Data Group, Inc. (USA)
CSG Systems International, Inc. (USA)
CyberSource Corporation (USA)
ebpSource Limited (UK)
eBillingHub (USA)
Enterprise jBilling Software Ltd. (Canada)
Fiserv, Inc. (USA)
FIS (USA)
Jack Henry & Associates, Inc. (USA)
Jopari Solutions, Inc. (USA)
MasterCard (USA)
Pagero AB (Sweden)
PayPal, Inc. (USA)
SIX Payment Services Ltd. (Switzerland)
Sorriso Technologies, Inc. (USA)
Striata (USA)

3. MARKET TRENDS & DRIVERS

Noteworthy Market Trends, Drivers & Challenges
Outsourced EBPP Services Gain in Popularity
Political Focus on Exerting Strong Fiscal Controls to Curb Tax Evasion & Fraud Drives the Emergence of Latin America as the World's Largest Market for E-Billing
The Rise of Customer Self-Service Tilts EBPP Technologies into the Mass Adoption Stage
Intuitive Design of Electronic Bills: Vital to the Success of Bill Presentment
SMS Bill Presentment Soars in Popularity
ATMs Emerge as a Medium of Electronic Payment
SMBs: An Emerging & Lucrative Customer Cluster for EBPP
Improving Reconciling, Billing and Payment functions of Business through EBPP
Mobile Platform Presents a Positive Outlook for Adoption of Electronic Billing
Convergence of Billing with Customer Analytics Opens a New Window of Opportunity
Launch of e-Bill Adoption Campaigns to Benefit Market Growth
The Significance of EBPP Platforms for Making Utility Payments
Growing Importance of Customer Experience Leads CSPs to Turn Towards EBPP Solutions
Key Macro Forces Driving Market Growth
Global Efforts to Go Cashless Confers Policy Led Stability to the Growth of Electronic Bill Presentment and Payment Solutions
Rapid Growth in eCommerce and mCommerce Spurs Consumer Appetite for Electronic Payment
Rapid Mobile Broadband Penetration Provides the Platform for Future Growth
Developments in Internet Security: A Prerequisite for Growth of e-Billing & Payment Market
Increasing Use of Internet-Enabled Smartphones Encourages Bill Payment through Mobile Phones
Developments in Mobile Wallet & Payment Apps to Richly Support Growth of Electronic Payments
Growing Focus on Environmental Sustainability to Benefit EBPP
Challenges Impeding Wider Adoption of EBPP
Underdeveloped Internet Infrastructure in Developing Markets
Bandwidth Limitations Limit EBPP Potential
Inherent limitations of SMS System: A Cause of Concern
Lack of Common Standards
Key Considerations for Successful Implementation of EBPP
EBPP: Not a Complete Replacement for Paper

4. GLOBAL MARKET PERSPECTIVE

World 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 Sales in Number of Bills in Million for Years 2020 through 2027 and % CAGR
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 Sales in Number of Bills in Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Electronic Bill Presentment and Payment (EBPP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027

III. GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 78

For more information about this report visit https://www.researchandmarkets.com/r/7fpzzy

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets