The article cited AMA's Global Payment Monitoring Market Study explored substantial growth with CAGR of 28.88%. According the report, Integration Of Machine Learning, Artificial Intelligence, And Big Data With Payment Monitoring Solutions is one of the primary growth factors for the market. Need To Manage KYC Compliance And Mitigate Money Laundering is also expected to contribute significantly to the Payment Monitoring market. Overall, Anti-Money Laundering applications of Payment Monitoring, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Payment Monitoring market identified that the demand is rising in many different parts of the world as "Stringent Regulatory Compliances To Tackle Fraudulent Activities ". Furthermore, some recent industry insights like "In February 2020, Beta Systems IAM Software AG entered into a partnership with WeAre Solutions Oy, a Finnish IT consulting company to address the evolving Identity access management market in Finland." is constantly making the industry dynamic. One of the challenges that industry facing is "Difficulties In Managing Cross Border And Multi-Jurisdictional and Anti-Money Laundering Compliance"

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Payment Monitoring market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Payment Monitoring market and other related sub-markets covered in the study.

o Key & emerging players in the Payment Monitoring market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Payment Monitoring market size is calculated using market estimation process, the Payment Monitoring market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Payment Monitoring market size has been validated using both top-down and bottom-up approaches.