B2B payments in Europe are projected to reach well over 435 billion USD by 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. Europe's B2B payments market value could reach over 745 billion U.S. dollars by 2031, for an estimated 6.9 percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Europe, the Middle East, and Africa (EMEA) was said to be around 64 billion U.S. dollars in 2022.
Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031
(in billion U.S. dollars)
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B2B payments value in billion U.S. dollars
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Straits Research, & Statista. (May 26, 2023). Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/
Straits Research, und Statista. "Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars)." Chart. May 26, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/
Straits Research, Statista. (2023). Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/
Straits Research, and Statista. "Total B2b Payments Market Size in Europe in 2022 and 2023, with Forecasts for 2030 and 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/
Straits Research & Statista, Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/ (last visited July 22, 2024)
Total B2B payments market size in Europe in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) [Graph], Straits Research, & Statista, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1448812/b2b-payments-value-in-europe/
