Payment Analytics Software Market Biggest Innovation with Top Key Players | 2022 to 2030

The increased adoption of mobile payment in emerging markets helps fuel market growth.

PORTLAND , PORTLAND, OR, UNITED STATE, August 3, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Payment Analytics Software Market,” The payment analytics software market was valued at $3.2 billion in 2021, and is estimated to reach $4.8 billion by 2030, growing at a CAGR of 4.6% from 2022 to 2030.

The global payment analytics software and transaction landscape is rapidly changing as the number of enterprises and consumer proclivity for digital transformation grows, as does the proliferation of smartphones. Mobile phones, digital card payments, as well as point-of-sale (POS) at general merchandise connectors are driving payment analytics software market growth. Furthermore, the dramatic growth in smart phones across emerging economies, particularly in the Asia-Pacific region, is expected to have a positive impact on market growth.

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The global payment analytics software industry is segmented on the basis of type, enterprise size, and region. By type, the market is classified into cloud based and web based. By enterprise size, the analysis has been divided into large enterprise and small & medium enterprise. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include ProfitWell, BlueSnap, Databox, Payfirma, Yapstone, CashNotify, HiPay Intelligence, PaySketch, Revealytics, and RJMetrics.

The report focuses on the global payment analytics software size and the major products & applications, where payment analytics software are deployed. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall Payment analytics software share in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

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IMPACT OF COVID-19 ON THE GLOBAL PAYMENT ANALYTICS SOFTWARE MARKET

• The COVID-19 pandemic had a positive impact on payment analytics software market growth. The pandemic has increased customer preferences for contactless payments in order to reduce the number of touchpoints at the point of sale. According to EastWest Bank statistics, contactless payment usage in the United States increased by 150% in 2020 compared to 2019. Furthermore, 87% of consumers preferred to shop in-store using contactless payment options.

• The COVID-19 outbreak has had a significant impact on economies and societies in a relatively short period of time. With workplaces, academic facilities, and manufacturing facilities having to close indefinitely, major athletics and events being postponed, and work-from-home and social distancing policies, companies are increasingly looking for technologies to help them get through these tough moments. Analytics professionals, business analytics professionals, and experts in more analysis tools such as AI and ML have been called upon to assist executives in making business decisions about how to react to the new business challenge posed by the COVID-19 outbreak. All such factors increase the adoption of payment analytics software market amid the pandemic.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Related Report:

1. Payment Processing Software Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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