Introduction
Treasury and risk management applications, as considered under the scope of the report titled “Treasury and Risk Management Application Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” are adopted by various corporate and financial institutions for managing and storing their data effectively at a faster rate with a comparatively lower maintenance cost. The introduction of intelligent treasury and risk management applications is the primary factor driving the global treasury and risk management application market in terms of value.
The global treasury and risk management application market is expected to register a CAGR of 7.6% during 2018 – 2028, with Eastern Europe and Southeast Asian economies accounting for an approximate market share of 40% by the end of the forecast period.
Treasury and risk management applications have become a top priority for enterprises. For the management of their financial assets, enterprises are moving towards automation and digitisation, and are adopting advanced technologies such as cloud storage and artificial intelligence-based information management solutions.
These factors are expected to fuel the growth of the treasury and risk management application market. In addition, most of the enterprises are dealing with a heavy flow of financial data at a fast pace on a day-to-day basis. Enterprises prefer treasury and risk management applications to manage a large quantity of data in a centralised manner. These are among the key factors expected to drive the treasury and risk management application market globally.
On the basis of component, the global treasury and risk management application market can be segmented into software and services. The service component of the global treasury and risk management application market can be further segmented into professional services and consulting services. On the basis of application, the global treasury and risk management application market is segmented into account management, cash & liquidity management, compliance & risk management and financial resource management.
On the basis of deployment type, the global treasury and risk management application market is segmented into on-premise deployment and cloud-integrated treasury and risk management applications. However, owing to the lack of preference, high maintenance and restricted applications, on-premise treasury and risk management applications are expected to witness a lower growth rate as compared to the cloud-integrated treasury and risk management applications.
The adoption of treasury and risk management applications by banks and other financial institutions has been high since their inception owing to the generation as well as demand for high-volume data storage. Moreover, treasury and risk management applications have been adopted by various governments for backing up and storing data to deal with unprecedented financial emergencies. In addition, the increasing adoption of cloud-based technologies is expected to correspondingly increase the adoption of treasury and risk management applications on a global scale.
The market in Southeast Asia and others of Asia Pacific region is expected to present the most attractive opportunities for treasury and risk management application providers, followed by the Latin America market. The treasury and risk management application market in SEA and others of APAC is estimated to expand at a significant CAGR in terms of value over the forecast period. In addition, the treasury and risk management application market in Latin America is also expected to witness significantly high growth.
The market value of treasury and risk management applications in Easter Europe is projected to register a total incremental opportunity of US$ 744.0 Mn. However, by the end of 2020, the North American treasury and risk management application market is expected to continue to dominate the global treasury and risk management application market due to the large presence of treasury and risk management application providers as well as a strong platform for the growth of the IT finance industry in the region.
To offer high-performance treasury and risk management applications with cutting-edge technology and cater to the rising demand for treasury and risk management applications, prominent vendors in the treasury and risk management application market are now focusing on acquiring, merging or collaborating with other smaller players in the treasury and risk management application market. Due to the rising penetration of the Internet and network-connected devices, enterprises are adopting intelligent treasury and risk management applications very rapidly.
Enterprises are becoming increasingly dependent upon treasury and risk management application for the storage, access and management of a data volume and sensitivity.In addition, managed and centralised data enterprises utilise cloud-integrated treasury and risk management applications to improve business functionality by minimising the treasury department’s operating costs and enhancing the department’s overall process productivity.
Some of the treasury and risk management application market vendors in this study of the global treasury and risk management application market include Calypse; Broadridge Financial Solutions, Inc.; Reval; PwC; Fiserv, Inc.; Wolters Kluwer; MORS Software; ION; Openlink; PREFIS, JSC; Kyriba Corporation; Sage Group Plc; FIS; Oracle Corporation and SAP SE.
Key Segments
Key Regional Markets
- By Component
- Software
- Service
- Professional Services
- Consulting Services
- By Application
- Account Management
- Cash and Liquidity Management
- Compliance and Risk Management
- Financial Resource Management
- By Deployment Type
- On-premise
- Cloud
Key Regional Markets
- North America Treasury and Risk Management Application market
- U.S.
- Canada
- Latin America Treasury and Risk Management Application market?
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Treasury and Risk Management Application market?
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Treasury and Risk Management Application market?
- Russia
- Poland
- Rest of Eastern Europe
- SEA and other of APAC Treasury and Risk Management Application market
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan Treasury and Risk Management Application market?
- China Treasury and Risk Management Application market?
- MEA Treasury and Risk Management Application market?
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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