Segments - Treasury Management Market by Components (Software and Services), Deployment Types (On-premise and Cloud-based), Enterprises (Large Enterprises and Small & Medium Enterprises), End-users (Government, Manufacturing, Healthcare, BFSI, Retail & Ecommerce, Automotive & Technology, IT & Telecom, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global treasury management market size was valued at USD 4.77 Billion in 2022 and is expected to surpass USD 7.99 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to the rapid expansion of various business enterprises, the rising need for effective handling of financial assets, and better investment opportunities.
Treasury management refers to the implementation of various software applications and service systems to allow organizations easy and effective management of their financial position and better investment performance. It offers key insights about various domains related to financial activities such as liquidity management, cash management, banking relations, receivables & payables management, and short-term investing & borrowing.
In short, these solutions offer certain key advantages including cost efficiency and transparency, real-time liquidity management, and adaptation to regulatory changes. Using these services and software, organizations can understand financial risks involved in their operations and possible remedies for solving or avoiding such risks exposure, which ultimately helps in optimizing the cash flow of a business operation.
With the rapid expansion of e-commerce platforms, organizations including government and business corporates need to upgrade their digital solutions such as cloud-based platforms to ensure secure and effective management of cash and investment outflow. During the COVID-19 crisis, treasurers of organizations had to rebuild their management model and choose better strategies to protect liquidity and cash flow by minimizing the existing threat of financial risks.
As per a 2021 study by Global Treasury Survey, the majority of CFOs of companies focused on reinforcing sustaining treasury for broader business operations. With the trend of increasing shift to upgrade digital solutions, the treasurers of companies started restricting their operation models and heed to digitalization transformation for sustainable financial management. The pandemic had opened up several opportunities for market expansion due to the wide acceptance of advanced financial management software and services by several business organizations to gain a competitive edge in the market.
Rising expansion of business operations and increasing demand for effective treasury management system solutions from organizations present key factors driving the market.
Wide acceptance of business automation processes and rapid integration of advanced technology for banking and investment-related activities are expected to boost the market during the forecast period.
Strict government regulations to ensure financial transparency and better flow of capital market transactions of companies are projected to fuel the market further.
High adoption of cloud-based computing platforms for allowing better business data operation and easy access to the platforms further propel the market.
Issues concerning privacy rights and security, the threat of cyberattacks, as well as high maintenance cost of software are major restraining factors, which can impede the market growth.
Technological advancements for the development of innovative software and services for financial management and rising organizations’ spending on services upgrade are key opportunities for market expansion.
The report on the global treasury management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Treasury Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Components (Software and Services), Deployment Types (On-premise and Cloud-based), Enterprises (Large Enterprises and Small & Medium Enterprises), and End-users (Government, Manufacturing, Healthcare, BFSI, Retail & Ecommerce, Automotive & Technology, IT & Telecom, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Oracle Corporation; SAP SE; Sage Group Plc; Fiserv Inc.; FIS Global Marketing and Communications; Wolter Kluwer; MORS Software; Kyriba Corporation; Fidelity National Information Services, Inc.; Calypso Technology Inc.; Broadridge Financial Solutions Inc.; IBSFINtech; and Salmon Software Limited. |
Based on components, the global treasury management market is bifurcated into software and services. The service segment is expected to expand at a rapid pace during the forecast period owing to rising demand for advanced capital treasury and risk management software services from business enterprises to minimize their financial risks and optimize their cash outflow.
On the other hand, the software segment is anticipated to hold a key share of the market in the coming years due to the wide availability of low-cost software and better accuracy result of the financial analysis.
In terms of deployment types, the market is divided into on-premise and cloud-based. The cloud-based segment is a fast-growing domain and is projected to exhibit a high growth rate during the targeted period owing to certain benefits such as easy upgrade, more secured system, and fast deployment method.
Moreover, the deployment of such a platform aids in reducing capital and operational expenditure along with enhancing the performance of core business activities such as cash and investment management of an organization.
On the basis of enterprises, the global treasury management market is bifurcated into large enterprises and small & medium enterprises. The large enterprises segment is anticipated to account for a key market share during the forecast period due to the wide requirement for advanced management solutions for handling a large volume of financial-related data by large business organizations.
The treasury management system solutions help these organizations to ensure effective handling of financial operation data and effectively anticipate their financial risks, which allow companies to preplan and automate effective measures to overcome such risks.
On the basis of end-users, the market is segregated into government, manufacturing, healthcare, BFSI, retail & e-commerce, automotive & technology, IT & telecom, and others. The BFSI segment is projected to register a considerable CAGR during the forecast period owing to the rapid expansion of the banking and other financial sectors including insurance.
Moreover, the rising need for effective tools to handle payment and settlement, foreign exchange management, and adjustment of the interest rate change is further likely to propel the segment.
In terms of regions, the global treasury management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021 and is expected to constitute a key share of the market during the projected period owing to the wide establishment of the banking and insurance sector.
Moreover, wide acceptance of digital transformation in the financial sector, increasing acceptance of advanced treasury management system solutions among small business enterprises, and favorable government policies for financial transactions are likely to push the regional market further.
The global treasury management market has been segmented on the basis of
Key players competing in the global treasury management market are Oracle Corporation; SAP SE; Sage Group Plc; Fiserv Inc.; FIS Global Marketing and Communications; Wolter Kluwer; MORS Software; Kyriba Corporation; Fidelity National Information Services, Inc.; Calypso Technology Inc.; Broadridge Financial Solutions Inc.; IBSFINtech; and Salmon Software Limited.
Some of the Treasury Management Market players have adopted several business development strategies such as integrating innovative technology into their existing products and services, launching new solutions, and restructuring their financial operation models.
For instance,
Key players competing in the global treasury management market are Oracle Corporation; SAP SE; Sage Group Plc; Fiserv Inc.; FIS Global Marketing and Communications; Wolter Kluwer; MORS Software; Kyriba Corporation; Fidelity National Information Services, Inc.; Calypso Technology Inc.; Broadridge Financial Solutions Inc.; IBSFINtech; and Salmon Software Limited.
North America dominated the market in 2021.
The cloud-based segment is projected to account for a large market share during the forecast period.
Key drivers of the market include the rapid expansion of various business enterprises, rising need for effective handling of financial assets, and better investment opportunities.
The global treasury management market size was valued at USD 4.5 billion in 2021 and is expected to surpass USD 7.9 billion by 2030.