Dublin, April 13, 2021 (GLOBE NEWSWIRE) -- 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/pzo7ft