Data Bridge Market Research analyses that the Global Treasury Software Market is expected to grow at a CAGR of 3.1% in the forecast period of 2023 to 2030 and is expected to reach USD 4,423.56 million by 2030. Companies are investing in and adopting smart electronic payment management tools to become agile for their survival to propel the market's growth.
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Treasury software is an application that automates a company's financial activities like cash flow, assets, and investments. It provides a treasury management system that tracks the ability of a business to convert assets into cash to meet a financial obligation. Financial managers and accounts use Treasury management software to monitor liquidity and the ability to convert assets into cash to meet financial obligations. The software automates and streamlines treasury management functions, reducing financial and reputational risks, saving costs, and improving operational efficiency and effectiveness. The greater visibility, analytics, and forecasting that the treasury management system provides improves decision-making and helps to create organizational financial strategies.
Increasing adoption of smart electronic payment management tools
A smart electronic device is an electronic gadget that allows us to share information and data and interact with its user and other smart devices. In recent times, smartphones and other smart gadgets have gained immense popularity among consumers and have become an integral part of the human lifestyle.
According to TechJury.net, in 2020, there was a wide penetration of smart electronic devices among consumers. Around 61% of people in the global population own smart devices. This enables consumers and users to do financial transactions, payments, and others from anywhere.
Report Scope and Market Segmentation
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Report Metric
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Details
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Base Year
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2022
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Forecast Period
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2023 - 2030
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Thousand, Pricing in USD
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Segments Covered
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Operating System (Windows, Linux, IOS, Android, MAC), Application (Liquidity And Cash Management, Investment Management, Debt Management, Financial Risk Management, Compliance Management, Tax Planning, Others), Deployment Mode (On Premise, Cloud), Organization Size (Large Enterprises And Small And Medium Sized Enterprises), Vertical (Banking, Financial Services And Insurance, Government, Manufacturing, Healthcare, Consumer Goods, Chemicals, Energy, and Others)
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Countries Covered
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U.S., Canada, and Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Switzerland, Turkey, and the rest of Europe, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, Philippines, and the rest of Asia-Pacific, Saudi Arabia, South Africa, UAE, Egypt, Israel, and the rest of the Middle East and Africa
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Market Players Covered
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Finastra, ZenTreasury Ltd, Emphasys Software, SS&C Technologies, Inc., CAPIX, Adenza, Coupa Software Inc., DataLog Finance, FIS, Access Systems (UK) Limited, Treasury Software Corp., MUREX S.A.S, EdgeVerve Systems Limited (A wholly owned subsidiary of Infosys), Financial Sciences Corp., Broadridge Financial Solutions, Inc., CashAnalytics, Oracle, Fiserv, Inc, ION, SAP, Solomon Software Ltd., ABM CLOUD, Nomentia, Ernst & Young, and Treasury Intelligence Solutions GmbH among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global treasury software market is segmented into five notable segments based on operating system, application, deployment model, organization size, and vertical.
- In 2023, the windows segment is expected to dominate the global treasury software market with a 41.81% market share
In 2023, the windows segment is expected to dominate the global treasury software market as technological advancements and various software developments related to accessing and connecting treasury software with windows operating systems.
- In 2023, the liquidity and cash management segment is expected to dominate the global treasury software market, with a 29.85% market share
In 2023, the liquidity and cash management segment is expected to dominate the global treasury software market as high penetration of treasury in liquidity and cash management helps reduce manual entry processes and calculation errors.
- In 2023, the cloud segment is expected to dominate the global treasury software market as cost efficiency and the solution-flexible characteristics of the cloud computing technology provide a steady infrastructure with maximum output to the treasury software service dealing organizations.
- In 2023, the large enterprises segment is expected to dominate the global treasury software as Small and medium-sized enterprises (SMES) offer cost-efficient treasury software technology and service portfolio for the developers to work on their projects.
- In 2023, the banking, financial services and insurance (BFSI) segment is expected to dominate the global treasury software market as the 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.
Some of the major players operating in the global treasury software market are Finastra (London, U.K.), ZenTreasury Ltd (Espoo, Finland), Emphasys Software (Florida, U.S.), SS&C Technologies, Inc. (Connecticut, U.S.), CAPIX (Melbourne, Australia), Adenza (California, U.S.), Coupa Software Inc. (California, U.S.), DataLog Finance (Paris, France), FIS (Florida, U.S.), Access Systems (UK) Limited (Manchester, U.K.), Treasury Software Corp. (Virginia, U.S.), MUREX S.A.S (Paris, France), EdgeVerve Systems Limited (A wholly owned subsidiary of Infosys) (Karnataka, India), Financial Sciences Corp. (New York, U.S.), Broadridge Financial Solutions, Inc. (New York, U.S.), CashAnalytics (Dublin, Ireland), Oracle (California, U.S.), Fiserv, Inc (Wisconsin, U.S.), ION (Texas, U.S.), SAP (Walldorf, Germany), Solomon Software Ltd. (England, U.K.), ABM CLOUD (Harjumaa, Estonia), Nomentia (Finland, Europe), Ernst & Young (England, U.K.), and Treasury Intelligence Solutions (Massachusetts, U.S.) among others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global treasury software market Finastra, ZenTreasury Ltd, Emphasys Software, SS&C Technologies, Inc., CAPIX, Adenza, Coupa Software Inc., DataLog Finance, FIS, Access Systems (UK) Limited, Treasury Software Corp., MUREX S.A.S, EdgeVerve Systems Limited (A wholly owned subsidiary of Infosys), Financial Sciences Corp., Broadridge Financial Solutions, Inc., CashAnalytics, Oracle, Fiserv, Inc, ION, SAP, Solomon Software Ltd., ABM CLOUD, Nomentia, Ernst & Young, and Treasury Intelligence Solutions GmbH among others.
Market Developments
- In January 2023, OptionsDesk partners with ION for the long term and uses its XTP Front-to-Back in exchange-traded derivatives. In order to support its next phase of expansion, OptionsDesk has chosen ION's XTP Trading, XTP Clearing, and XTP Cleared Derivatives solutions, building on their established relationship of trust
- In January 2023, Broadridge Extends Relationship with IGM Financial's Digital Wealth Platform, helping in extending its multi-year deal with Broadridge to continue using the Broadridge Wealth Platform's R.Broker solution on behalf of IG
- In January 2023, to bring Red Hat Enterprise Linux to Oracle Cloud Infrastructure, Red Hat and Oracle are collaborating more closely. Starting with Red Hat Enterprise Linux running on OCI as a supported operating system, the strategic collaboration enhances the user experience for organizations that depend on both OCI and Red Hat Enterprise Linux to drive digital transformation and the migration of mission-critical applications to the cloud
- In May 2022, Carlson Cash, an SAP Treasury and Cash Management Expert Company, and JDC Group established a partnership, a strategic partnership that will allow JDC Group to specialize in SAP Treasury and Cash Management projects for its clients
- In April 2021, FIS introduced RealNet, billed as a Software-as-a-Service (SaaS) platform enabling (through APIs) account-to-account transactions for businesses, consumers and other stakeholders over a real-time payment network. Through this, the company has expanded its product portfolio in the premium market
Regional Analysis
Geographically, the countries covered in the global treasury software market report are U.S., Canada, Mexico, Germany, France, the U.K., Italy, Spain, Netherlands, Belgium, Russia, Switzerland, Turkey, and the rest of Europe, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, Philippines, and the rest of Asia-Pacific, Saudi Arabia, South Africa, UAE, Egypt, Israel, and the rest of the Middle East and Africa.
As per Data Bridge Market Research analysis in 2023, the North America region is expected to dominate the global treasury software market as the region has the maximum investment in the software development market, which results in higher growth for the region and others for the forecast period 2023 -2030.
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