Treasury and Risk Management Application Market is predicted to surge at a CAGR of 8% to bring in revenue of US$ 7.1 Billion by 2028.
FMI delivers key insights on the global treasury and risk management application market in its report titled “Treasury and Risk Management Application Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment from 2022 to 2028.” Among the components of the treasury and risk management applications market, software components are expected to register the highest growth in the global treasury and risk management application market.
Under the treasury and risk management application service components, consulting services are expected to dominate the global treasury and risk management application market throughout the forecast period. On the basis of application, financial resource management applications are expected to register the highest market share in the global treasury and risk management application market by the end of the forecast period.
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On the basis of the deployment type of treasury and risk management applications, cloud-integrated treasury and risk management applications are expected to witness a higher growth rate as compared to the on-premise deployment type.
Treasury and Risk Management Application Market: Analysis & Overview
The global annual revenue from the deployment of treasury and risk management applications is expected to be valued at US$ 3,896.6 Million by the end of 2020. The dominant regions, i.e., North America, Eastern Europe, SEA & others of APAC and Western Europe, are expected to collectively account for a majority share of the global treasury and risk management application market. The treasury and risk management application markets in Southeast Asia & other Asia Pacific and Eastern Europe are likely to dominate the global treasury and risk management application market over the forecast period.
In the coming years, small and medium enterprises are expected to be the top adopters of treasury and risk management applications. Treasury and risk management applications help enterprises improve their business functionality by minimising operating costs and improving productivity, due to which investments in treasury and risk management applications are witnessing significant growth.
These factors are expected to boost the treasury and risk management application market across the globe. Moreover, treasury and risk management applications have also been adopted by various governments for storing the data as a backup to deal with expected as well as unexpected financial emergencies.
On the basis of FMI analysis, a noteworthy traction of professional and consulting services is expected with the increasing deployment and integration of treasury and risk management application software globally. One of the major factors driving the global treasury and risk management application market is the growing digital transformation in the manufacturing, retail and wholesale sectors.
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Treasury and Risk Management Application Market: Regional Overview
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. Furthermore, 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 Eastern 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.
According to FMI analysis, the launch of advanced intelligent treasury and risk management applications by treasury and risk management application providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global treasury and risk management application market.
Examples of some of the market participants in the global treasury and risk management application market report are SAP SE; Oracle Corporation; FIS; Sage Group Plc; Kyriba Corporation; PREFIS, JSC; Openlink; ION; MORS Software; Wolters Kluwer; Fiserv, Inc.; PwC; Reval; Broadridge Financial Solutions, Inc.; and Calypso, among others.
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Key Segments of Treasury and Risk Management Application Industry Survey
By Component :
- Treasury and Risk Management Application Software
- Treasury and Risk Management Application Services
- Professional Services
- Consulting Services
By Application :
- Account Management
- Cash and Liquidity Management
- Compliance and Risk Management
- Financial Resource Management
By Deployment Type :
- On-premise Treasury and Risk Management Applications
- Cloud Treasury and Risk Management Applications
By Region :
- North America Treasury and Risk Management Application Market
- Latin America Treasury and Risk Management Application Market
- Europe Treasury and Risk Management Application Market
- East Asia Treasury and Risk Management Application Market
- South Asia & Pacific Treasury and Risk Management Application Market
- Middle East & Africa (MEA) Treasury and Risk Management Application Market
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