Report Overview

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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Payment Analytics Software Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Usage of Smartphones
         2. Increase in Adoption of Mobile Payments
         3. Growing Demand for Quick and Easy Transaction Services
      2. Restraints
         1. Lack of Network Infrastructure
      3. Opportunities
         1. Technology Advancements
      4. Challenges
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia-Pacific Payment Analytics Software Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Web Based
         2. Cloud Based
      2. By Organization Size
         1. Large Enterprises
         2. Small & Medium-sized Enterprises
      3. By Country
         1. China
            1. By Type
            2. By Organization Size
         2. India
            1. By Type
            2. By Organization Size
         3. Japan
            1. By Type
            2. By Organization Size
         4. South Korea
            1. By Type
            2. By Organization Size
         5. Australia & New Zealand
            1. By Type
            2. By Organization Size
         6. Indonesia
            1. By Type
            2. By Organization Size
         7. Malaysia
            1. By Type
            2. By Organization Size
         8. Singapore
            1. By Type
            2. By Organization Size
         9. Philippines
            1. By Type
            2. By Organization Size
         10. Vietnam
             1. By Type
             2. By Organization Size
         11. Rest of APAC
             1. By Type
             2. By Organization Size
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Asia-Pacific Payment Analytics Software Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Asia-Pacific Payment Analytics Software Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Adobe, Inc. (X.commerce)
   2. BlueSnap Corporate
   3. Databox, Inc.
   4. Payfirma
   5. Yapstone
   6. HiPay
   7. ProfitWell (Paddle)
   8. CashNotify (Baguette Engineering)
   9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*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