Payment Monitoring Market Size And Forecast
The Global Payment Monitoring Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Payment Monitoring Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Payment Monitoring Market was valued at USD 4.01 Billion in 2019 and is projected to reach USD 30.02 Billion by 2027, growing at a CAGR of 28.7 % from 2020 to 2027.

What is Payment Monitoring?
The capacity of a company to execute an effective, systematic payment monitoring system is significant for its industry survival. It is the key to knowing where one’s business is heading. It’s a key element for successful business management.

Payment Monitoring is a solution proposed to companies, which are willing to lessen the risk of non-payment within the payment schedule. After the very moment of issuing an invoice, Coface initiates preventive actions that promote the inflow of receivables.

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Payment monitoring helps attain a healthy cash flow for one’s business. Moreover, it helps improve efficient payment collections for your product or services, and helps remind consumers about their payment obligations and therefore helps avoid delinquency.

Global Payment Monitoring Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Payment monitoring organizations need to manage KYC compliance and mitigate money laundering and CFT activities and make use of advanced analytics to provide proactive risk alerts these factors are predicted to grow the global Payment Monitoring Market. Additionally, stringent regulatory compliances are to propel the market growth.

However, the lack of risk analysis professionals hampers the market growth. Moreover, integration of AI, machine learning, and big data analytics and increasing digitalization in the payment transaction process offers lucrative opportunities for the market to grow. Furthermore, difficulties in managing cross border and multi-jurisdictional AML compliance is a key challenge.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Payment Monitoring Market” is mainly bifurcated into sub-segments which can provide classified data regarding latest trends in the market.

Global Payment Monitoring Market Competitive Landscape
The “Global Payment Monitoring Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ACI Worldwide, Inc., BAE Systems PLC, Fiserv, Inc., NICE Ltd., Oracle Corporation, SAS Institute, Inc., Software AG, Fair Isaac Corporation (FICO), Fidelity Information Services (FIS), Inc., Refinitiv Company, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Payment Monitoring Market, By Component
• Solution
o KYC/Customer Onboarding
o Case Management
o Watch List Screening
o Dashboard & Reporting
• Services

Payment Monitoring Market, By Application
• Anti-Money Laundering
• Compliance Management & Customer Identity Management
• Fraud Detection & Prevention

Payment Monitoring Market, By Organization Size
• Large Enterprises
• Small & Medium Enterprises

Payment Monitoring Market, By End User
• BFSI
• IT & Telecom
• Healthcare
• Retail & e-commerce
• Government & Defense
• Others

Payment Monitoring Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America

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