Wilmington, Delaware, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Cash Management System Market by Type Operation (Balance and Transaction Reporting, Cash Flow Forecasting, Corporate Liquidity Management, Payables, Receivables, and Others), Enterprise Size (Small - Medium Size Enterprises and Large Enterprises), and Component (Hardware, Software and Services): Global Opportunity Analysis and Industry Forecast, 2024-2032”. The cash management system market was valued at $3.7 billion in 2023 and is estimated to reach $13.2 billion by 2032, exhibiting a CAGR of 15% from 2024 to 2032.
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Prime determinants of growth:
However, banks are spending a lot of money on banking software that guarantees usability, dependability, and is strengthened with cutting-edge security features smaller banks and businesses are expected to experience a significant increase in cash management due to their expanding asset size and strength. These elements are fueling the global market expansion for cash management systems.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $3.7 billion |
| Market Size in 2032 | $13.2 billion |
| CAGR | 15% |
| No. of Pages in Report | 200 |
| Segments covered | Type Operation, Enterprise Size, Component and Region. |
| Drivers |
|
| Opportunities |
|
| Restraints | Need for managers with the necessary skills to understand every aspect of cash management |
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Segment Highlights
The balance and transaction segment are expected to exhibit fastest growth during the forecast period
The demand for balance and transaction reporting in the cash management system segment dominates the market, as it allows businesses to accurately monitor cash transfer activities across multiple accounts, currencies, and geographies. The balance and transaction segment is anticipated to register the highest growth, as it helps businesses predict future cash inflows and outflows, enabling them to manage liquidity and prevent potential crises.
The service segment is expected to exhibit fastest growth throughout the forecast period
The service segment is expected to register the highest growth during the forecast period in the cash management system market. This growth can be attributed to the increasing adoption of cash management services by businesses to efficiently process their payables and receivables. These services help businesses optimize their cash flow position and further drive effective management of their operations. Additionally, these services allow businesses to predict cash flow and manage liquidity effectively, which is critical for financial stability.
The small and medium enterprise segment is expected to exhibit fastest growth throughout the forecast period
The increasing demand for small and medium enterprises (SMEs) is driving the growth of the cash management system market. Though, the large enterprises segment currently holds a significant share of the market, the SME segment is expected to register the highest growth owing to the transition of the sector toward software solutions to control the cash flow, reduce transaction risk, and increase profitability.
Regional Outlook
The cash management system market is segmented across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to be a large market for cash management systems as most of the industry vendors such as Finastra, Intimus International Group, and PEC Corporation are based in the region. The significant traction towards the adoption of financial management systems to avoid liquidity crises drives the adoption of cash management system in North American countries, such as U.S and Canada.
Key Players:
- Scheider Electric
- Infosys
- Oracle
- HCL Technologies
- Finastra
- Sage Intacct
- Intimus
- Giesecke & Devrient
- NTT DATA
- Aurionpro
- Glory
The report provides a detailed analysis of these key players in the cash management system market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Development:
- In October 2022, RBI partnered with FinLync to provide cash management services via corporate bank APIs. The partnership enables corporate treasury and finance teams to connect quickly and easily to RBI's commercial bank API offerings in cash management. FinLync transforms corporate finance and treasury offices by aggregating global banking APIs to deliver embedded real-time payments and cash management. The bank's Executive Director and Head of Cash Management, Susanne Prager, said that RBI's best-in-class cash management services will be available directly in the environment they appreciate, and in real-time. The partnership aims to provide greater speed, automation, and security for bank data movement.
- In March 2024, State Bank of India (SBI) chose Aurionpro's iCashpro+ platform as part of its digital infrastructure upgrade. The platform, valued at nearly Rs 100 Crores, is built on modern cloud technology and microservices architecture, offering a highly configurable, scalable, and resilient solution that integrates with SBI's existing banking systems and various internal and external platforms. The integration will enable interoperability with leading ERP solutions, fintechs, and open banking platforms, positioning SBI to deliver unparalleled value and convenience to its diverse customer base. The partnership with Aurionpro reinforces Aurionpro's growing presence in the Indian banking sector and reflects SBI's commitment to driving digital transformation in the banking industry.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market outlook from cash management system market forecast between market analysis from 2024 to 2032 to identify the prevailing market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cash management system market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global cash management system market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global cash management system market trends, cash management system market growth, key players, market segments, application areas, and market growth strategies.
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Cash Management System Market Report Highlights
By Type Operation
- Balance and transaction reporting
- Cash flow forecasting
- Corporate liquidity management
- Payables
- Receivables
- Others
By Enterprises Size
- Small — Medium size Enterprises
- Large Enterprises
By Components
- Software
- Services
By Region
- North America (U.S., Canada)
- Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Mexico, Rest of LAMEA)
Key Market Players
Giesecke & Devrient, NTT (NTT Data), AURIONPRO, HCL Technologies, FINASTRA, Oracle, Intimus, Scheider Electric, Infosys (India), GLORY LTD, Sage Intacct
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