Market Sizes - ERP, Procurement, and B2B Transactions
Delivered December 25, 2019. Contributor: Gbolahan G.
Goals
To determine the total value of business-to-business transactions in 2015, 2019, and estimations or projections for 2025 along with their respective CAGR.
Early Findings
- Mckinsey, a global management consulting firm, estimates that businesses executed transactions worth $133 trillion in b2b cross-border payments in 2018. The entire market is expected to grow at a rate of 6.1% per annum between 2018 and 2023.
- In 2015, global business-to-business transactions were valued at $135 trillion, growing at 0.2% year-on-year.
- There are currently no publicly available reports that state the projected global value of business-to-business transactions for 2025. However, it is possible to infer from some of the data already found.
- Assuming the market continues on its current CAGR of 6.1% to 2025, then we can safely estimate that the global size of cross border business-to-business transactions will grow from its current size to $204 trillion by 2025.
Proposed next steps:
You need to be the project owner to select a next step.
In line with the goals of your project, we are suggesting research to identify the top 3 - 5 trends in the global b2b payment landscape covering emerging financial, technological, and operational changes.
Also, we are proposing research to identify the top 5 - 7 global cross border business-to-business payments services ranked by the size of their annual b2b transactions.