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Global Payment Monitoring Market Size Study & Forecast, by Component (Solution, Services), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Application (Anti-Money Laundering, Compliance Management & Customer Identity Management, Fraud Detection & Prevention), By End User (BFSI, IT & Telecom, Healthcare, Retail & e-commerce, Government & Defense, Others), and Regional Analysis, 2023-2030

May 2023 | 200 pages | ID: GAFA629638ACEN
Bizwit Research & Consulting LLP

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Global Payment Monitoring Market is valued at approximately USD 8.18 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 28.17% over the forecast period 2023-2030. Payment Monitoring is the process of monitoring and analyzing payment transactions to detect and prevent fraudulent activities, money laundering, cyber threats, and other financial crimes. It assists financial institutions, payment service providers, and other organizations to mitigate risk and ensure compliance with regulatory requirements. These solutions use advanced analytics, machine learning algorithms, and real-time monitoring to analyze payment data and identify suspicious transactions. The increasing requirement for managing KYC compliance and CTF activities, growing awareness among organizations to comply with regulatory requirements and multi-channel monitoring, the surge in the payment data volumes, and rise in payment fraudulent activities are the most prominent factors that are propelling the market demand across the globe.

The rising inclination towards digital payments is acting as a catalyzing factor for the growth of the market. The shift towards digital payments and online transactions has created new opportunities for payment monitoring solutions. Accordingly, increasing adoption of digital payment methods by consumers and businesses is stipulating demand for payment monitoring. According to Statista, in 2022, the overall transaction value in the digital payments segment is estimated to account for USD 8.49 trillion. Also, it is projected that the total amount is likely to reach USD 15.17 trillion by 2027 with a CAGR of 12.31% during 2022-2027. Hence, the increasing preference for digital payments is exhibiting a positive influence on the market demand in the global market. Moreover, the rise in advancement in payment monitoring solution incorporating AI and ML and the growing awareness for real-time monitoring presents various lucrative opportunities over the forecasting years. However, the lack of risk analysis professionals and difficulties in managing cross-border and multi-jurisdictional AML compliance are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Payment Monitoring Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing need for managing KYC compliance and CTF activities, as well as early implementation of novel technologies and solutions for proficiently managing business operations. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The rapid growth of the e-commerce industry, growing payment data volumes, increasing number of payment fraudulent activities, along with the presence of emerging economies are significantly propelling the market demand across the region.

Major market players included in this report are:
BAE Systems
Fair Isaac Corporation
ACI Worldwide Inc.
Fiserv Inc.
Oracle Corporation
SAS Institute
FIS
Nice Ltd.
Software AG
Thomson Reuters Corporation

Recent Developments in the Market:
In November 2022, Travelex Bank, a foreign exchange specialist in Brazil unveiled hteir preparation for a growth spurt across its money transfer business by deploying ThetaRay’s SONAR anti-money laundering (AML) SaaS solution for domestic and international transaction monitoring and real-time sanctions screening.

Global Payment Monitoring Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Component, Organization Size, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Solution
Services

By Organization Size:
Large Enterprises
Small & Medium Enterprises

By Application:
Anti-Money Laundering
Compliance Management & Customer Identity Management
Fraud Detection & Prevention

By End User:
BFSI
IT & Telecom
Healthcare
Retail & e-commerce
Government & Defense
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Payment Monitoring Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Payment Monitoring Market, by Component, 2020-2030 (USD Billion)
  1.2.3. Payment Monitoring Market, by Organization Size, 2020-2030 (USD Billion)
  1.2.4. Payment Monitoring Market, by Application, 2020-2030 (USD Billion)
  1.2.5. Payment Monitoring Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL PAYMENT MONITORING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL PAYMENT MONITORING MARKET DYNAMICS

3.1. Payment Monitoring Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increase in payment fraudulent activities
    3.1.1.2. Rising inclination towards digital payments
  3.1.2. Market Challenges
    3.1.2.1. Lack of risk analysis professionals
    3.1.2.2. Difficulties in managing cross-border and multi-jurisdictional AML compliance
  3.1.3. Market Opportunities
    3.1.3.1. Rise in advancement in payment monitoring solution incorporating AI and ML
    3.1.3.2. Growing awareness for real-time monitoring

CHAPTER 4. GLOBAL PAYMENT MONITORING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PAYMENT MONITORING MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Payment Monitoring Market by Component, Performance - Potential Analysis
5.3. Global Payment Monitoring Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Payment Monitoring Market, Sub Segment Analysis
  5.4.1. Solution
  5.4.2. Services

CHAPTER 6. GLOBAL PAYMENT MONITORING MARKET, BY ORGANIZATION SIZE

6.1. Market Snapshot
6.2. Global Payment Monitoring Market by Organization Size, Performance - Potential Analysis
6.3. Global Payment Monitoring Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
6.4. Payment Monitoring Market, Sub Segment Analysis
  6.4.1. Large Enterprises
  6.4.2. Small & Medium Enterprises

CHAPTER 7. GLOBAL PAYMENT MONITORING MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Payment Monitoring Market by Application, Performance - Potential Analysis
7.3. Global Payment Monitoring Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Payment Monitoring Market, Sub Segment Analysis
  7.4.1. Anti-Money Laundering
  7.4.2. Compliance Management & Customer Identity Management
  7.4.3. Fraud Detection & Prevention

CHAPTER 8. PAYMENT MONITORING MARKET, BY END USER

8.1. Market Snapshot
8.2. Global Payment Monitoring Market by End User, Performance - Potential Analysis
8.3. Global Payment Monitoring Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Payment Monitoring Market, Sub Segment Analysis
  8.4.1. BFSI
  8.4.2. IT & Telecom
  8.4.3. Healthcare
  8.4.4. Retail & e-commerce
  8.4.5. Government & Defense
  8.4.6. Others

CHAPTER 9. GLOBAL PAYMENT MONITORING MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Payment Monitoring Market, Regional Market Snapshot
9.4. North America Payment Monitoring Market
  9.4.1. U.S. Payment Monitoring Market
    9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Organization Size breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Payment Monitoring Market
9.5. Europe Payment Monitoring Market Snapshot
  9.5.1. U.K. Payment Monitoring Market
  9.5.2. Germany Payment Monitoring Market
  9.5.3. France Payment Monitoring Market
  9.5.4. Spain Payment Monitoring Market
  9.5.5. Italy Payment Monitoring Market
  9.5.6. Rest of Europe Payment Monitoring Market
9.6. Asia-Pacific Payment Monitoring Market Snapshot
  9.6.1. China Payment Monitoring Market
  9.6.2. India Payment Monitoring Market
  9.6.3. Japan Payment Monitoring Market
  9.6.4. Australia Payment Monitoring Market
  9.6.5. South Korea Payment Monitoring Market
  9.6.6. Rest of Asia Pacific Payment Monitoring Market
9.7. Latin America Payment Monitoring Market Snapshot
  9.7.1. Brazil Payment Monitoring Market
  9.7.2. Mexico Payment Monitoring Market
9.8. Middle East & Africa Payment Monitoring Market
  9.8.1. Saudi Arabia Payment Monitoring Market
  9.8.2. South Africa Payment Monitoring Market
  9.8.3. Rest of Middle East & Africa Payment Monitoring Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. BAE Systems
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Fair Isaac Corporation
  10.3.3. ACI Worldwide Inc.
  10.3.4. Fiserv Inc.
  10.3.5. Oracle Corporation
  10.3.6. SAS Institute
  10.3.7. FIS
  10.3.8. Nice Ltd.
  10.3.9. Software AG
  10.3.10. Thomson Reuters Corporation

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Payment Monitoring Market, report scope
TABLE 2. Global Payment Monitoring Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Payment Monitoring Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Payment Monitoring Market estimates & forecasts by Organization Size 2020-2030 (USD Billion)
TABLE 5. Global Payment Monitoring Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Payment Monitoring Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 7. Global Payment Monitoring Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Payment Monitoring Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Payment Monitoring Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Payment Monitoring Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Payment Monitoring Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Payment Monitoring Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Payment Monitoring Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Payment Monitoring Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Payment Monitoring Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Payment Monitoring Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Payment Monitoring Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Payment Monitoring Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Payment Monitoring Market
TABLE 72. List of primary sources, used in the study of global Payment Monitoring Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Payment Monitoring Market, research methodology
FIG 2. Global Payment Monitoring Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Payment Monitoring Market, key trends 2022
FIG 5. Global Payment Monitoring Market, growth prospects 2023-2030
FIG 6. Global Payment Monitoring Market, porters 5 force model
FIG 7. Global Payment Monitoring Market, pest analysis
FIG 8. Global Payment Monitoring Market, value chain analysis
FIG 9. Global Payment Monitoring Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Payment Monitoring Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Payment Monitoring Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Payment Monitoring Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Payment Monitoring Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Payment Monitoring Market, regional snapshot 2020 & 2030
FIG 15. North America Payment Monitoring Market 2020 & 2030 (USD Billion)
FIG 16. Europe Payment Monitoring Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Payment Monitoring Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Payment Monitoring Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Payment Monitoring Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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