Burlingame, Sept. 20, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, global treasury management market is estimated to be valued at US$ 5.10 billion in 2023 and is expected to exhibit a CAGR of 13.8% during the forecast period (2022-2030).
Treasury management involves optimizing financial resources, managing cash flow, and mitigating risks related to various financial transactions. Generally, it refers to the process of overseeing an organization's financial assets, investments, and liquidity. It is a important process for all sizes of businesses, as it helps guarantee financial stability and capitalize on returns on investments while minimizing risks. Thus, growing need to reduce risk associated with financial transactions is a key factor propelling treasury management market growth.
Key Developments:
In May 2021, Refinitiv, an LSEG business, providers of financial markets data and infrastructure and IBSFINtech, India’s leading player in Enterprise solutions, have collaborated to introduce InTReaX™, a new age automated treasury management solution for cash and liquidity management, currency risk management, and market insights developed by IBSFINtech.
In Janury 2022, SS&C Technologies Holdings, Inc. announced that Emso Asset Management Limited, with $6.8 billion in assets under management, has gone live on SS&C's new Treasury Management Platform.
Market Drivers:
Gloablisation is a key factor augmenting market growth
As businesses are expanding worldwide, there is a growing need to manage various locations, currencies, and banking relationships. Treasury management solutions offers the important tools to manage the complexities of worldwide finance. Thus, globalization is playing a important role in the overall development of treasury management market.
Digital transformation in all sectors to foster market growth
There is a high adoption of digital technologies and automation in treasury management. Due to this cloud-based treasury management systems (TMS) have gained significant popularity, enabling organizations to streamline their treasury operations and improve efficiency. In November 2022, US-based Compliance Systems has launched a cloud-based document solution for treasury management services named simplicity treasury management. The solution delivers configurable, cost-effective compliant content and aims to help financial institutions streamline their treasury management operations.
Read full market research report, "Treasury Management Market, By Component, By Deployment Model, By Organization Size, By End-User Industry, By Treasury Function, And By Region, Market Size & Share Analysis - Growth Trends & Forecasts, 2023-2030", published by Coherent Market Insights.
Market Opportunities:
Increasing number of partnership and agreement in treasury management to offer significant market growth opportunities
Key players in the market are entering into partnership and agreements in order to expand their geographical presence. This will open new avenues for the market growth. For instance, in May 2021, Refinitiv, an LSEG business, providers of financial markets data and infrastructure and IBSFINtech, India’s leading player in Enterprise solutions, have collaborated to introduce InTReaX™, a new age automated treasury management solution for cash and liquidity management, currency risk management, and market insights developed by IBSFINtech.
Treasury Management Market Report Coverage
| Report Attribute | Details |
| Forecast Period: | 2023 to 2030 |
| Market Size in 2023: | US$ 5.10 Billion |
| 2030 Value Projection: | US$ 12.60 Bn |
| Growth rate | CAGR of 13.8% from 2023 to 2030 |
| Base year for estimation | 2022 |
| Historical data | 2018 - 2021 |
Market Restrain:
High cost of installation and security concers to restrict market growth
Implementing treasury management systems is costly, this refrain organizations, especially for smaller organizations to adopt such technology. Moreover, mangaging financial data and transactions need strong security measures to safegurd against cyber threats and data breaches. Thus, all these factors are expected to hamper the market growth.
Global Treasury Management Market -
Key Market Takeaways:
Global treasury management market is expected to exhibit a CAGR of 13.8% during the forecast period, owing to the globalization, digital transformation, and increasing focus of various organization towards risk management.
On the basis of Component, software segment is expected to hold a dominant position, owing to the growing adoption of software across various organization to reduce the risk associated with financial transaction.
On the basis of Deployment Model, Cloud-Based segment is expected to hold a dominant position, owing to the growing penetration of internet worldwide.
On the basis of Organization Size, Small and Medium-sized Enterprises (SMEs) segment is expected to hold a dominant position, owing to the high adoption of treasury management in SMEs to reduce the risk associated with financial transaction.
On the basis of End-User Industry, Banking and Financial Services segment is expected to hold a dominant position, owing to the fact that the sector is highly susceptible to fraud and risk associated with financial transaction.
On the basis of Treasury Function, risk management segment is expected to hold a dominant position, owing to the growing focus on risk management.
On the basis of region, North America is expected to hold a dominant position over the forecast period, due to high adoption of treasury management across banks and other financial institutions in the region.
Key players operating in the global Treasury Management market include J.P. Morgan Treasury Services, Bank of America Merrill Lynch, Citibank, Wells Fargo, HSBC Global Banking and Markets, BNP Paribas, Deutsche Bank, PNC Bank, Barclays, U.S. Bank
Detailed Segmentation:
- Global Treasury Management Market Segmentation, By Component:
- Software
- Services
- Global Treasury Management Market Segmentation, By Development Model:
- On-Premises
- Cloud-Based
- Global Treasury Management Market Segmentation, By Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
- Global Treasury Management Market Segmentation, By End User Industry:
- Banking and Financial Services
- Retail
- Healthcare
- Manufacturing
- IT and Telecommunications
- Government and Public Sector
- Others
- Global Treasury Management Market Segmentation, By Treasury Function:
- Cash Management
- Risk Management
- Liquidity Management
- Credit Management
- Payment Management
- Global Treasury Management Market Segmentation, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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