Payment Orchestration Platform Market Segmentation:
Platform Type (B2B, B2C, C2C)
B2B payment orchestration platform segment is projected to account for payment orchestration platform market share of around 60.5% by 2035 owing to the B2B companies increasing demands for operational efficiency, automation, and cost reduction. To simplify complex payment processes such as invoicing, payments, and reconciliation B2B companies are employing payment orchestration platforms. These platforms also successfully handle large transaction volumes and diverse payment methods contributing to their sales growth. Such characteristics of payment orchestration platforms are aiding payment orchestration platform market players in earning high revenue shares. For instance, in April 2024, Emagia announced the launch of GiaPay AI-powered B2B customer payments platform for small to large scale enterprises. GiaPay is a faster, frictionless, and cost-effective B2B customer payments orchestration platform.
End use (BFSI, Retail & E-commerce, Healthcare, Travel & Hospitality)
In payment orchestration platform market, retail and e-commerce segment is anticipated to hold revenue share of more than 40.5% by 2035. The retail and e-commerce sectors are expanding rapidly across the globe owing to a boom in the adoption of online shopping activities. The businesses in these sectors are widely investing in modern payment systems such as payment orchestration platforms to manage complex transactions across multiple payment methods and regions. Also, as payment orchestration platforms offer seamless integration with multiple payment gateways, processors, and methods, businesses can improve conversion rates and customer satisfaction.
Our in-depth analysis of the global payment orchestration platform market includes the following segments:
|
Platform Type |
|
|
Enterprise Size |
|
|
Functionality |
|
|
End use |
|
