Payment Orchestration Platform Market Trends,
Analysis & Forecast, 2032

As per a recent research report, Payment
Orchestration Platform Market
surpass USD 848.6 Million by 2032.

The
increasing shift from cash to digital payments, encompassing mobile and online
transactions will drive the demand for payment orchestration solutions
globally. Of late, consumers and several businesses are embracing the
convenience of mobile wallets, online payment gateways, and contactless payment
options. The proliferation of these payment methods has made way for complex
payment ecosystem, adding challenges for businesses to manage diverse
transactions seamlessly, further increasing the preference for payment
orchestration platforms and solutions. With the ongoing expansion of digital
payments, businesses are also adopting advanced payment orchestration solutions
to stay competitive and adapt to the changing dynamics of the financial
industry, further boosting the market revenue.

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Payment
orchestration platforms market from the B2B platform segment is poised to
generate substantial revenue by the end of 2032. The shift towards
digitalization is driving the adoption of payment orchestration platforms by businesses
to manage complex B2B transactions through multiple currencies and various
payment methods. Moreover, the efforts by industry players on developing
innovative solutions to cater to rising need of companies to enhance payment
operations, ensure compliance, and provide seamless experience to partners and
clients, is also expected to boost the segment growth. For instance, in
November 2022, Treasury Intelligence Solutions, a pioneer in corporate B2B
payments, introduced new domestic payment orchestration program for
businesses for deploying TIS to simplify and expedite payment activities throughout
their domestic network of vendors, suppliers, and partners.

Payment
orchestration platform market from the cross-border transaction segment is set
to record significant growth between 2023 and 2032. This can be attributed to
the rising number of cross-border payments since the COVID-19 epidemic driven
by the prohibition of international travel and the tightening of government
boundaries. According to Mastercard data, 47% of small firms are doing more
overseas business than before the pandemic. Payment orchestration platforms
streamline these processes by facilitating efficient and cost-effective
cross-border transactions for businesses for ensuring compliance with
international regulations. The rapid globalization
of e-commerce is also surging cross-border transactions, further driving the
market growth.

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Asia Pacific held sizable share of the
payment orchestration platform market in 2022 and is set to depict robust
growth rate through 2032 attributed to the rapidly evolving payment landscape,
increasing digitalization, and the surge in e-commerce activities in the
region. According to Mastercard, 20% of Australians shopped from
international suppliers in 2021 while 60% of Asians conduct payments
through digital wallets. Moreover, the burgeoning fintech sector, regulatory
initiatives promoting digital payments, and the growing adoption of alternative
payment methods are likely to fuel the regional market growth.

Partial chapters of report table of contents
(TOC):

Chapter
2   Executive Summary

2.1    Payment Orchestration Platform
Market 360º synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM),
2023 – 2032

2.3    Regional trends

2.4    Platform type trends

2.5    Functionality trends

2.6    End-use trends

Chapter
3   Payment Orchestration Platform Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the Russia-Ukraine war

3.3    Industry ecosystem analysis

3.4    Technology & innovation
landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.6.1    Partnership/Collaboration

3.6.2    Merger/Acquisition

3.6.3    Investment

3.6.4    Product launch & innovation

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Globalization and increase in
Cross-Border Transactions

3.8.1.2   Ongoing global shift towards
digitalization and e-commerce

3.8.1.3   Increasing penetration of
smartphones and the internet

3.8.2    Industry pitfalls &
challenges

3.8.2.1   Data security risk

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    PESTEL analysis

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