Rising Requirement for Quick Decision Making in Biotechnological Processes is one of the Major Factors Fostering the Growth of the Treasury Software Market

 

Cash flow management is an important concept as it provides a complete picture of the cash revenues and costing, thereby indicating the status of profits. Treasury software facilitates this feature and provides a treasury management system that tracks the ability of a business to convert assets into cash to meet financial obligation.  

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Global treasury software market is expected to reach USD 4,263.66 million by 2029 from USD 3,422.03 million in 2021, growing with a CAGR of 2.9% in the forecast period of 2022 to 2029. Growing demand of advanced treasury management system for enhancing customer experience is bolstering the growth of the market. Further, penetration of advanced analytics solution in banking sector in culmination with growing rate of digitization is carving the way for the market to boom over the forecast period.

Treasury Software Market

Increasing demand for advanced treasury management system is expected to drive the market's growth rate

Rising demand for advanced treasury management system with an aim to enhance the customer experience has emerged as an important market growth determinant. In addition to enhancing the customer experience, treasury management software boosts the productivity, provide real-time and precise data, help in reducing the manual entry work and calculation errors limit redundant banking costs and provide bank and connectivity flexibility.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2020

Historic Years

2019 (Customizable to 2018 - 2013)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Operating System (Windows, Linux, MAC, Android, IOS), Application (Liquidity and Cash Management, Investment Management, Debt Management, Financial Risk Management, Compliance Management, Tax Planning, Others), Deployment Model (Cloud, On Premise), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMES)), Vertical (Banking, Financial Services and Insurance (BFSI), Government, Manufacturing, Healthcare, Consumer Goods, Chemicals, Energy, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Finastra (U.K.), ZenTreasury Ltd (Finland), Emphasys Software (U.S.), SS&C Technologies, Inc. (U.S.), CAPIX (Australia), Adenza (U.S.), Coupa Software Inc. (U.S.), DataLog Finance (U.S.), FIS (U.S.), Access Systems (U.K.) Limited (U.K.), Treasury Software Corp. (U.S.), MUREX S.A.S (France), EdgeVerve Systems Limited (U.S.), Financial Sciences Corp. (U.S.), Broadridge Financial Solutions, Inc. (U.S.), CashAnalytics (Ireland), Oracle (U.S.), Fiserv, Inc (U.S.), ION (Ireland), SAP (Germany), Salmon Software Ltd. (Ireland), ABM CLOUD (Ukraine), Nomentia (Finland), Ernst & Young (U.K.), and Treasury Intelligence Solutions GmbH (Germany) among others            

Data Points Covered in the Report

The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

Global treasury software market is segmented into six notable segments which are based on the operating system, application, deployment model, organization size, and vertical.

  • On the basis of operating system, the treasury software market is segmented into windows, linux, MAC, android, and iOS. In 2022, windows  is expected to dominate the global treasury software market with 41.68% market share as technological advancements and the developments of various software that are related to access and connect treasury software with windows operating systems.

Windows is expected to dominate the operating system segment of the global treasury software market in 2022

Windows is set to showcase a high potential in 2022 and will emerge as the dominating segment under operating system segment of the market. Windows has developed a dominance for itself over the years. It’s easy to use, intuitive and user friendly interface are the major reasons responsible for developing its fondness among the users and final consumers.

  • On the basis of application, the treasury software market is segmented into liquidity and cash management, investment management, debt management, financial risk management, compliance management, tax planning, and others. In 2022, liquidity and cash management is expected to dominate the global treasury software market with 29.70% market share as high penetration of treasury in liquidity and cash management helps in the reduction of manual entry process as well as reduces calculation errors.
  • On the basis of deployment mode, the treasury software market is segmented into cloud and on premises. In 2022, the cloud segment is expected to dominate the Global treasury software market with 62.64% market share as cost efficiency and the solution flexible characteristics of the cloud computing technology provides a steady infrastructure with maximum output to the treasury software service dealing organizations.
  • On the basis of organization size, the treasury software market is segmented into large enterprises and small and medium enterprises. In 2022, large enterprises is expected to dominate the global treasury software market with 64.82% market share as small and medium-sized enterprises (SMES) offer cost efficient treasury software technology and service portfolio for the developers to work on their projects.

Large enterprises is expected to dominate the organization size segment of the global treasury software market

Strong foundation and market hold of large scale organization/ enterprises in both developed and developing economies is a great factor responsible for the growth of the market. On the similar lines, rising number of small and medium scale enterprises in the emerging regions too will push up the hold of the market at global level.

  • On the basis of vertical, the treasury software market is segmented into banking, financial services and insurance (BFSI), government, manufacturing, healthcare, consumer goods, chemicals, energy, and others. In 2022, banking, financial services and insurance is expected to dominate the Global treasury software market with 31.16% market share as emergence of AI powered systems in the BFSI sector has become a game-changer because these AI systems increase the need for treasury software solutions. 

Major Players

Data Bridge Market Research recognizes the following companies as the major treasury software market players in advanced wound care market are ION (Ireland), Broadridge Financial Solutions, Inc. (U.S.), and Oracle (U.S.).

Treasury Software Market

Market Development

  • In August 2021, SS&C Technologies, Inc. had announced the expansion of SS&C Geneva in China to help diversify its services to a broader range of clients and improve operational efficiency. This step was taken to diversify the product portfolio and achieve promote company expansion. This had further helped the company to build a strong product, implementation and sales across the region.
  • In December 2021, Finastra had announced the completion of acquisition of Malauzai for enabling digital transformation for community banks and credit unions across the country. This had helped the company to integrate malauzi’s digital solution into Finastra’s Fusion Phoenix core banking system, to deliver a seamless banking experience with a robust breadth of services.
  • In April 2021, ZenTreasury Ltd partnered with Lehto Group to be their provider of TMS and Lease Accounting arrangements. This will assist the organization with offering both Treasury Management System and Lease Management add on for the IFRS 16 bookkeeping management, to accomplish money saving advantages.

Regional Analysis

Geographically, the countries covered in the treasury software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in treasury software market during the forecast period 2022 - 2029

In 2022, North America dominated the treasury software market owing to the presence of advanced technological infrastructure in the region.  U.S. dominates the North America region due to high adoption of advanced technology and the presence of major players in the region. The market is also flourishing its dominance is due to the growing adoption of advanced technology and launch of new products in this region. Additionally, the increasing number of local level players are expected to further enhance the market's growth rate in this region. 

Asia-Pacific is estimated to be the fastest growing region in treasury software market the forecast period 2022 - 2029

Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising level of private and public expenditure on the development of backward economies and increasing per-capita income are expected propel the market's growth rate in this region.

COVID-19 Impact Analysis

After the abrupt episode of the pandemic, numerous manufacturing plants and specialized units are running restricted tasks. Also, many of them have even halted the production and briefly shut their units. This is the justification for why the technological business is confronting deficiency of materials and deferral in transportation is aggravating it.

For halting the pandemic, the vast majority of the nations have forced the lockdown and rigorously prohibited the gathering and the get-togethers. Likewise, travel id prohibited, which, thusly, cancelled many operations. The abrupt scratch-off of the events in the product improvement administration industry has likewise made the tech goliaths drop the events and meetings.

With the rise in the quantity of internet based conferences, digital communication through industry IT arrangements is on the ascent. Organizations, school events, establishments, and colleges are shut and changing to the web-based mode.

The biggest tech organizations are confronting interruption in the stock chains and losing their individual benefits. B2B organizations are offering on the web gatherings and meetings. This is additionally giving a lift to income for custom programming advancement organizations. Online video conferencing administrations are procuring a tremendous pay with the reception of these administrations.

To summarize, COVID-19 brought about numerous challenges for the industry but the upside is, relaxations bring provided to the economies will bring about a positive change.

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