The global payment analysis software market is expected to

New York, USA, December 7, 2021 (GLOBE NEWSWIRE) – A new report on the payment analysis software market was added by Research Dive to its repository. According to the report, the global market is expected to reach $ 4,382.8 million by 2028, amounting to a 5.2% CAGR from 2021 to 2028. This report constitutes an in-depth study offering a meticulous overview of the current status and future scope of the global industry. The report is written by expert market analysts and guarantees to be a reliable source of comprehensive market data and information for emerging market players, investors, predominant players, stakeholders, shareholders etc.

Factors Affecting Market Growth:

The growing adoption of online payments on smartphones and increasing internet penetration across the globe are the major factors driving the growth of the global market. Additionally, increasing technological developments in payment analysis software solutions by market players are expected to offer lucrative growth opportunities for the market during the forecast period. However, issues related to data privacy in payment analysis tools are expected to hamper the growth of the market.

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Impact of the COVID-19 pandemic on the market:

The COVID-19 outbreak has positively impacted the growth of the global payment analysis software industry. The pandemic drastically fueled online transactions during the lockdown period as people ordered things from their homes to avoid social contact during the lockdown period. As a result, several companies have implemented payment analysis software for efficient monitoring of transactional data and avoiding associated risks in payment processes. This has significantly boosted the growth of the global market during the pandemic.

The report segments the global payment analysis software market by type, company size, and region.

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Web-based sub-segment to dominate the market

The Web sub-segment of the Types segment is expected to lead the market exceeding $ 2,302.4 million in the estimated time frame. This growth is mainly due to the increasing adoption of web-based payment analysis software solutions by several companies to monitor important performance indicators in business processes.

The SME sub-segment is expected to see rapid growth

The SME sub-segment of the business size segment is expected to experience accelerated growth to reach $ 1,882.3 million on schedule. This growth is mainly due to the rise in the development of small and medium-sized enterprises, which generate huge volumes of data.

Asia Pacific Region to occupy a leading position in the market

The report assesses the Global Payment Analysis Software Market in many regions including Asia-Pacific, North America, Europe and LAMEA. Of these, the Asia-Pacific region market is expected to grow rapidly and bring in $ 1,137.8 million within the estimated time frame. The growth of this regional market is mainly due to the increasing penetration of smart phones, the increasing development of the e-commerce industry and the rapid economic growth in several countries in this region.

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Major market players

Some of the major players operating in the global Payment Analysis Software market are

  1. Payfirma
  2. BlueSnap
  3. Databox
  4. Yapstone
  5. CashNotifier
  6. HiPay Intelligence
  7. Enjoy
  8. PaySketch
  9. Revealytics
  10. RJMetrics and others.

The report also offers several cutting edge tactics and approaches such as key strategic moves and developments, product / service range, business performance, Porter’s five forces analysis and SWOT analysis of major players operating in the market. global industry. For example, in February 2021, BankBI, a leading provider of cloud-native SaaS analytics solutions, launched its Financial Performance Analytics app on Finastra’s FusionStore to help financial institutions’ C-Suite grow their balance sheets. , monitor their profitability and increase their productivity. .

Besides, the report contains detailed information of Major Business Manufacturers such as SWOT Analysis, Product Portfolio, Financial Status – Learn to Access the Detailed Report on Top Business Development Strategy.

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Lance B. Holton