US SMBs represent 99.9% of businesses with employees. This category sees approximately $16.501 trillion in sales annually, according to Insider Intelligence estimates based on the most recent US Census Bureau data. This landscape is evolving at a breakneck pace, thanks to the combination of two factors:
New SMBs. About 3 in 5 SMBs announced plans to digitize operations in 2020, according to a June 2020 survey conducted by Wakefield Research on behalf of Visa. And that growth hasn't slowed, especially among micromerchants, which comprise the majority of US SMBs when including nonemployer businesses
Increasing technology investment. SMBs are investing in new products, channels, and payment methods, per a December 2021 Visa survey conducted by Wakefield Research. This is creating a massive opportunity: SMBs will spend...
 | Report Preview  * This chart and data were pulled from The Small-Business Payment Disruptors Report by Insider Intelligence. Purchase the report below for $995 for immediate access. | | | US SMBs represent 99.9% of businesses with employees. This category sees approximately $16.501 trillion in sales annually, according to Insider Intelligence estimates based on the most recent US Census Bureau data. This landscape is evolving at a breakneck pace, thanks to the combination of two factors:
New SMBs. About 3 in 5 SMBs announced plans to digitize operations in 2020, according to a June 2020 survey conducted by Wakefield Research on behalf of Visa. And that growth hasn't slowed, especially among micromerchants, which comprise the majority of US SMBs when including nonemployer businesses
Increasing technology investment. SMBs are investing in new products, channels, and payment methods, per a December 2021 Visa survey conducted by Wakefield Research. This is creating a massive opportunity: SMBs will spend... | | | Other Related Reports |  Adopted by payments disruptors such as PayPal, Square, and Stripe, the payment facilitator, or payfac, model is shifting relationships between players in the merchant acquiring space and... ACCESS FULL REPORT |  Growing ecommerce, rising connected device penetration, and new technologies like blockchain are reshaping how payment providers that enable commerce do business... ACCESS FULL REPORT | | |  To learn more about Insider Intelligence and our Financial Services coverage, click below and fill out the form, and a member of our team will be in touch with you. | | | | |
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