Asia Pacific Payment Analytics Software Market
Asia Pacific Payment Analytics Software Market, By Type (Web-Based, Cloud-Based); By Organization Size (Large Enterprises, Small & Medium-sized Enterprises); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: January 2023
- Report ID: BWC23070
- Available Format: PDF
- Page: 118
Report Overview
Deepening penetration of smartphones and rapidly increasing use of payment applications, internet banking, visa contactless credit and debit card for daily transaction requirements are expected to drive Asia-Pacific payment analytics software market during the forecast period between 2023 and 2029.
Asia-Pacific Payment Analytics Software Market - Industry Trends & Forecast Report, 2029
Asia-Pacific payment analytics software market size is projected to grow at a CAGR of 5.4% during the forecast period between 2023 and 2029. The payment analytics software is registering huge traction in the Asia-Pacific region owing to the rising penetration of smartphones and increasing use of payment applications, internet banking, visa contactless credit and debit card for daily transaction requirements. Additionally, significant expansion in the e–commerce industry is also projected to boost the scope of payment analytics software in this region. Countries, such as China and India, are one of the largest markets for e-commerce, further facilitating the growth of the Asia-Pacific payment analytics software market.
Asia-Pacific Payment Analytics Software Market – Overview
Payment analytics software is used by subscription-based or e-commerce enterprises to track online payments. To keep track of consumer payments, this kind of software combines payment information from many sources (such as PayPal and Stripe). Retailers can watch customer behavior both in-store and online, which helps them better understand what customers need and, in turn, makes for better business choices and customer experiences. Real-time analytics can improve business decision-making by avoiding fines and missed deadlines, enhancing customer satisfaction and experience through thoughtful business decisions, and offering a specific, personalized dashboard.
Asia-Pacific Payment Analytics Software Market
Growth Drivers
Rising Use of Smartphones and Mobile Payments
The increasing penetration of smartphones, especially in emerging economies, is propelling the Asia-Pacific payment analytics software market. In Asia Pacific, 66% of the population—2.8 billion people—had mobile service subscriptions as of the end of 2019. The area has had one of the greatest growth rates in the world, adding about 500 million new users since 2014, and it is home to more than half of all customers worldwide. With the increasing use of smartphones, online payment platforms are increasingly launching their services in these markets to tap into potential growth opportunities. For instance, Stripe, a financial services company, recently announced the launch of their services in Thailand. With the increasing availability and use of digital payment applications, the demand for payment analytics software is projected to move forward only in the Asia-Pacific region.
Restraints
Lack of Network Infrastructure
The increasing rate of cybercrimes and concerns surrounding data privacy is emerging as major restricting factor for the growth of the Asia-Pacific payment analytics software. A sizable portion of the Asian population that has bank accounts is reluctant to use online payment platforms for fear of data theft and cybercrimes. Many countries, such as India, Thailand, and Vietnam, have a dearth of strict cybercrime regulations. According to the most recent official statistics, India recorded 52,974 cases of cybercrime in 2021, a rise of more than 5% from 2020 50,035 incidents, and more than 15% over 2019 44,735 cases.
Impact of COVID-19 on the Asia-Pacific Payment Analytics Software Market
The COVID-19 pandemic offered significant growth opportunities to the Asia-Pacific payment analytics software market. The pandemic accelerated the use of online payment methods including internet banking, debit and credit cards, and payment apps such as Apple Pay, PayPay, and Alipay. The e-commerce industry also registered a massive boom in this region post the pandemic outbreak owing to the closure of brick-and-mortar stores. This resulted in a significant surge in the adoption of payment analytics software in Asia-Pacific countries as enterprises focus on consumer behavior pre and post-pandemic and tap into the growing potential and opportunities it has to offer to the industries.
Asia-Pacific Payment Analytics Software Market
Segmental Coverage
Asia-Pacific Payment Analytics Software Market – By Type
Based on type, the Asia-Pacific payment analytics software market is segregated into web-based and cloud-based segments. The cloud–based segment held a higher share in the Asia-Pacific payment analytics software market in 2022. Business organizations all around the world are becoming increasingly concerned about data security issues (such as data theft and loss of industry-specific information). Through IT and business model reforms, cloud integration technology is utilized in core banking services to combine multiple data and apps, including Digital Wallets, Apple wallets, and PayPal accounts.
Asia-Pacific Payment Analytics Software Market – By Organization Size
Based on organization size, Asia-Pacific payment analytics software market is segmented into large enterprises and small & medium-sized enterprises (SMEs). The large enterprise segment accounts for a higher share in the Asia-Pacific payment analytics software market. Large enterprises focus more on the user experience than SMEs since they have greater financial resources, which drives them to utilize payment analytics software. The expansion of this market is also significantly fueled by the emergence of large enterprises in Asia-Pacific countries, such as India, China, and Japan.
Asia-Pacific Payment Analytics Software Market – By Region
Asia-Pacific payment analytics software market geographically covers the following major regions: China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, and the rest of APAC. India dominates the payment analytics software market owing to the expanding payment ecosystem in the country. India is witnessing a surreal expansion in the adoption of digital payments. The deepening penetration of different modes of digital payments such as BHIM UPI, IMPS, PPIs, and NETC systems is attributed to the ease and convenience of the payment apps, boosting the need for payment analytics software, especially among e–commerce platforms such as Amazon and Flipkart.
Competitive Landscape
Major players operating in the Asia-Pacific payment analytics software market include Adobe, Inc. (X.commerce), BlueSnap Corporate, Databox, Inc., Payfirma, Yapstone, HiPay, ProfitWell (Paddle), and CashNotify (Baguette Engineering). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, rest of APAC |
Product/ Service Segmentation |
Type, Organization Size, Country |
Key Players |
Adobe, Inc. (X.commerce), BlueSnap Corporate, Databox, Inc., Payfirma, Yapstone, HiPay, ProfitWell (Paddle), CashNotify (Baguette Engineering) |
By Type
-
Web-Based
-
Cloud-Based
By Organization Size
-
Large Enterprises
-
Small & Medium-sized Enterprises
By Country
-
China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
-
Indonesia
-
Malaysia
-
Singapore
-
Philippines
-
Vietnam
-
Rest of APAC
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Asia-Pacific Payment Analytics Software Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising Usage of Smartphones
- Increase in Adoption of Mobile Payments
- Growing Demand for Quick and Easy Transaction Services
- Restraints
- Lack of Network Infrastructure
- Opportunities
- Technology Advancements
- Challenges
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Asia-Pacific Payment Analytics Software Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Web Based
- Cloud Based
- By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises
- By Country
- China
- By Type
- By Organization Size
- India
- By Type
- By Organization Size
- Japan
- By Type
- By Organization Size
- South Korea
- By Type
- By Organization Size
- Australia & New Zealand
- By Type
- By Organization Size
- Indonesia
- By Type
- By Organization Size
- Malaysia
- By Type
- By Organization Size
- Singapore
- By Type
- By Organization Size
- Philippines
- By Type
- By Organization Size
- Vietnam
- By Type
- By Organization Size
- Rest of APAC
- By Type
- By Organization Size
- China
- By Type
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Asia-Pacific Payment Analytics Software Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Asia-Pacific Payment Analytics Software Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Adobe, Inc. (X.commerce)
- BlueSnap Corporate
- Databox, Inc.
- Payfirma
- Yapstone
- HiPay
- ProfitWell (Paddle)
- CashNotify (Baguette Engineering)
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List Of Figures
Figure 1 Asia-Pacific Payment Analytics Software Segmentation
Figure 2 Asia-Pacific Payment Analytics Software Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 6 Asia-Pacific Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 7 Asia-Pacific Payment Analytics Software Market Share, By Country, By Value, 2019–2029
Figure 8 China Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 9 China Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 10 China Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 11 India Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 12 India Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 13 India Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 14 Japan Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 15 Japan Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 16 Japan Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 17 South Korea Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 18 South Korea Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 19 South Korea Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 20 Australia & New Zealand Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 21 Australia & New Zealand Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 22 Australia & New Zealand Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 23 Indonesia Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 24 Indonesia Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 25 Indonesia Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 26 Malaysia Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 27 Malaysia Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 28 Malaysia Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 29 Singapore Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 30 Singapore Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 31 Singapore Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 32 Philippines Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 33 Philippines Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 34 Philippines Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 35 Vietnam Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 36 Vietnam Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 37 Vietnam Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
Figure 38 Rest of APAC Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Figure 39 Rest of APAC Payment Analytics Software Market Share, By Type, By Value, 2019–2029
Figure 40 Rest of APAC Payment Analytics Software Market Share, By Organization Size, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 2 Asia-Pacific Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 3 Asia-Pacific Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 4 Asia-Pacific Payment Analytics Software Market Size, By Country, By Value, 2019–2029
Table 5 China Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 6 China Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 7 China Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 8 India Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 9 India Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 10 India Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 11 Japan Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 12 Japan Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 13 Japan Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 14 South Korea Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 15 South Korea Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 16 South Korea Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 17 Australia & New Zealand Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 18 Australia & New Zealand Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 19 Australia & New Zealand Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 20 Indonesia Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 21 Indonesia Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 22 Indonesia Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 23 Malaysia Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 24 Malaysia Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 25 Malaysia Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 26 Singapore Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 27 Singapore Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 28 Singapore Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 29 Philippines Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 30 Philippines Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 31 Philippines Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 32 Vietnam Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 33 Vietnam Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 34 Vietnam Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 35 Rest of APAC Payment Analytics Software Market Size, By Value (USD Million), 2019–2029
Table 36 Rest of APAC Payment Analytics Software Market Size, By Type, By Value, 2019–2029
Table 37 Rest of APAC Payment Analytics Software Market Size, By Organization Size, By Value, 2019–2029
Table 38 Adobe, Inc. (X.commerce) Company Overview
Table 39 Adobe, Inc. (X.commerce) Financial Overview
Table 40 BlueSnap Corporate Company Overview
Table 41 BlueSnap Corporate Financial Overview
Table 42 Databox, Inc. Company Overview
Table 43 Databox, Inc. Financial Overview
Table 44 Payfirma Company Overview
Table 45 Payfirma Financial Overview
Table 46 Yapstone Company Overview
Table 47 Yapstone Financial Overview
Table 48 HiPay Company Overview
Table 49 HiPay Financial Overview
Table 50 ProfitWell (Paddle) Company Overview
Table 51 ProfitWell (Paddle) Financial Overview
Table 52 CashNotify (Baguette Engineering) Company Overview
Table 53 CashNotify (Baguette Engineering) Financial Overview
Market Segmentation
By Type
-
Web-Based
-
Cloud-Based
By Organization Size
-
Large Enterprises
-
Small & Medium-sized Enterprises
By Country
-
China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
-
Indonesia
-
Malaysia
-
Singapore
-
Philippines
-
Vietnam
-
Rest of APAC
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