Treasury software is a vital component of financial technology, streamlining global treasury management for organizations. It automates financial activities, tracking cash flow, assets, and investments while providing a comprehensive solution for professionals. This application enhances liquidity management, risk mitigation, and financial decision-making through modules covering cash forecasting, payment processing, and compliance management. By automating and streamlining treasury functions, the software reduces risks, saves costs, and improves operational efficiency. The system's enhanced visibility, analytics, and forecasting empower financial managers, aiding in strategic decision-making and the formulation of effective organizational financial strategies.
Data Bridge Market Research analyses that the Global Treasury Software Market is growing with a CAGR of 3.1% from 2023 to 2030 and is expected to reach USD 4,423.56 million by 2030.
" Rapid AI integration drives the market growth"
Artificial intelligence (AI) is experiencing widespread adoption, revolutionizing industries globally. In 2020, a NewVantage survey revealed that 91.5% of top businesses heavily invested in AI, although only 14.6% extensively incorporated AI technologies. Among them, 51.2% deployed AI in limited production, with 26.8% in pilot phases. This surge underscores the increasing significance of AI in diverse sectors, including treasury management, as organizations recognize its transformative potential in optimizing operations and decision-making processes.
What restraints the growth of the global treasury software market?
" Increasing cyber threats hamper the market growth"
As digitization surges across industries, businesses face escalating cyber threats. In 2018, mobile malware surged by 54%, with 98% targeting Android devices. Crypto-jacking victimized 25% of businesses, including those in banking and financial management. The data influx from digital processes heightens security concerns, making customer information a prime target for cybercriminals. This elevated risk poses significant challenges, enabling identity theft and various criminal activities
Segmentation: Global Treasury Software Market
The global treasury software market is segmented on the basis of operating system, application, deployment model, organization size, and vertical.
- On the basis of operating system, the global treasury software market is segmented into windows, linux, MAC, android, and iOS
- On the basis of application, the global treasury software market is segmented into liquidity and cash management, investment management, debt management, financial risk management, compliance management, tax planning, and others
- On the basis of deployment mode, the global treasury software market is segmented into cloud and on premises
- On the basis of organization size, the global treasury software market is segmented into large enterprises and small and medium enterprises
- On the basis of vertical, the global treasury software market is segmented into banking, financial services and insurance (BFSI), government, manufacturing, healthcare, consumer goods, chemicals, energy, and others
Regional Insights: North America is expected to dominate the Global Treasury Software Market
North America is expected to dominate the global treasury software market, with the U.S. playing a central role. The region's supremacy is attributed to its widespread adoption of advanced technology and the concentration of major industry players. The dynamic technological landscape and strategic initiatives within the U.S. contribute to the region's leadership, positioning it at the forefront of global advancements in treasury software solutions and financial technology.
Recent Developments: Global Treasury Software Market
- In March 2022, ZenTreasury and local partner MCA delivered Lease Accounting Software for IFRS-16 to Redington Gulf. This solution streamlines operations by eliminating the need for importing data from multiple sources, offering an integrated platform for comprehensive data management
- In September 2022, TIS and Delega joined forces to introduce next-gen automated multi-bank signatory rights management. Clients of TIS and Delega can now benefit from advanced electronic bank account management (eBAM) under this collaborative agreement
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-treasury-software-market
The Prominent Key Players Operating in the Global Treasury Software Market Include:
- Finastra (U.K.)
- ZenTreasury Ltd (Finland)
- Emphasys Software (U.S.)
- SS&C Technologies, Inc. (U.S.)
- CAPIX (Australia)
- Adenza (Switzerland)
- Coupa Software Inc. (U.S.)
- DataLog Finance (France)
- FIS (Fidelity National Information Services) (U.S.)
- Access Systems Limited (U.K.)
- Treasury Software Corp. (U.S.)
- MUREX S.A.S (France)
- EdgeVerve Systems Limited (A wholly owned subsidiary of Infosys) (India)
- Financial Sciences Corp. (U.S.)
- Broadridge Financial Solutions, Inc. (U.S.)
- CashAnalytics (Ireland)
- Oracle (U.S.)
- Fiserv, Inc. (U.S.)
- ION (U.K.)
- SAP (Germany)
- Solomon Software (U.S.)
- ABM CLOUD (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global treasury software market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Treasury Software Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
