Payment Orchestration Platform Market Analysis

Payment Orchestration Platform Market Analysis

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The B2C payment orchestration platform market registered a substantial revenue, holding share of over 35% in 2022, attributed to the shifting consumer preferences towards online shopping and digital payments. Payment orchestration platforms streamline payment processes for B2C e-commerce, ensuring a seamless experience across various payment methods. These platforms optimize transaction flows, enhance security, and offer customizable payment options, aligning with the evolving needs of B2C businesses. In addition, the expansion of the e-commerce sector will also fuel segment revenue.
 

The payment orchestration platform market from retail & e-commerce end-use segment is estimated to depict considerable growth through 2032, attributed to the increasing reliance of the retail & e-commerce sector on efficient payment operations. Moreover, market players are focused on providing merchants with enhanced fraud protection and payment orchestration services, which will increase their acceptance of payments and enhance payment security, thereby contributing to the surging product adoption. Citing an instance, in December 2022, Axerve and ACI Worldwide partnered to provide eCommerce merchants in Europe, the U.K., and the U.S. with better payment orchestration services.
 

North America payment orchestration platform market is projected to witness a lucrative growth during the forecast period. The thriving digital economy, increasing e-commerce adoption, and diverse payment methods have surged the demand for payment orchestration platforms among businesses to streamline complex payment processes. Furthermore, industry participants are pouring-in efforts to stay abreast of evolving payment trends across the region's digital commerce landscape. For instance, in March 2032, APEXX Global received $25 million in Series B investment for its payment orchestration platform, which it will use to grow its footprint in North America.