New York, NY, June 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Treasury Software Market by Deployment (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), and by Vertical (BFSI, Manufacturing, Healthcare, Consumer Goods, Chemicals, Metals, & Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global treasury software market accounted for USD 858 million in 2018 and is expected to reach approximately USD 1,265 million by 2025, at a CAGR of around 6.1% between 2019 and 2025.
Treasury software for treasury management is defined as the application that supports the commercial treasury operations including that of financial service businesses along with corresponding to all the financial functionalities. The treasury software automates all the repetitive steps required to manage a company’s financial transactions. Treasury software not only calculates the value of a certain financial transaction but also provides a basis for the entire organization to improve their workflows and save time and effort in even the smallest of units or departments. The treasury software can be managed in-house or from a third-party service provider. It consists of hardware, software, and real-time financial data regarding direct financial transactions, fund transfers, cash positions, interest rates, foreign exchange rates, payables, and receivables. The treasury software can be used stand-alone or can be integrated with any other ERP software.
Browse through 54 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Treasury Software Market: By, Technology, Type, Industry Size, Share, Trends, Analysis, and Forecast, 2018–2025”.
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The global treasury software market is likely to grow substantially in the future, owing to the increase in the demand for overall automation systems. Treasury software is an important tool for financial professionals, particularly the ones with limited resources. Treasury software has the ability to connect the BFSI with many industries like healthcare, retail, energy, and even the government. Blockchain has the ability to eliminate several functions of treasury management, including financial settlement activities, auditing, payment transactions, and reconciliations. However, the increasing threats of a data breach, the lack of awareness regarding the benefits of treasury software in developing regions, and a dearth of skilled professionals may restrain the treasury software market globally in the years ahead.
The deployment segment of the treasury software market includes cloud-based and on-premises. Cloud-based software is dominating the market in terms of compound annual growth. The organization size segment is bifurcated into large and small and medium enterprises. The vertical segment of the global treasury software market is classified into BFSI, manufacturing, healthcare, consumer goods, chemicals, metals, and energy, and others. The consumer goods vertical is likely to be the fastest growing vertical in the upcoming years in the global treasury software market.
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In North America, notable growth is witnessed in the treasury software market owing to rising digitalization, ubiquitous centralization, and tough competition in the banking sector. The treasury software market is well-established in developed economies like the U.S. due to affordable product prices that offer enhanced accuracy along with better access to labor arbitrage. Treasury software is compliant with important sectors.
The European treasury software market is likely to show substantial growth in the future, owing to the various technological advancements witnessed across in the region and increasing government funding.
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The Middle Eastern and African and Asia Pacific regions are projected to register steady growth in the global treasury software market in the years ahead. This growth can be attributed to the changing banking reforms and recently introduced advanced technologies. Leading companies and banks are now more focused on saving their resources in treasury management as they have realized the odds in maintaining the treasury tediously. The Middle Eastern countries are facing huge financial losses due to non-compliance of their treasury software with other countries, rapidly fluctuating currency rates, and a constantly changing geopolitical environment. However, the lack of skilled professionals and advanced technologies in several developing economies may restrain the treasury software market in these regions.
The Latin American market has shown rapid technological changes in recent years in the treasury software market. Latin America observed domestic capital growth and an increase in foreign banks investments.
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Some key participants operating in the global treasury software market include Finastra, FIS, GTreasury, ION, Kyriba Corp., Salmon Software, TreasuryXpress, Eurobase International, Calypso Technology, ABM CLOUD, Access Systems, BELLIN, Oracle, CAPIX Software, Cash Analytics CRM Treasury Systems, DataLog Finance, SAP, and Financial Sciences.
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This report segments the global treasury software market into:
Global Treasury Software Market: Deployment Analysis
- Cloud-Based
- On-Premises
Global Treasury Software Market: Organization Size Analysis
- Large Enterprises
- Small and Medium Enterprises
Global Treasury Software Market: Vertical Analysis
- BFSI
- Manufacturing
- Healthcare
- Consumer Goods
- Chemicals, Metals, and Energy
- Others
Global Treasury Software Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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