Treasury management involves cash and liquidity management, payment and collection, risk management, and statutory reporting. Treasury management solutions help organizations streamline daily financial tasks and operations. These solutions enable integration across finance and accounting applications for better visibility and controls. They offer real-time insights to help organizations make data-driven decisions for efficient working capital and cash flow management.
The global Treasury Management Market is estimated to be valued at US$ 5.1 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Digital transformation is driving accelerated growth in the treasury management market. Growing adoption of cloud and automation technologies by organizations is enabling real-time access to cash management and liquidity data from any location. This is helping treasury teams to better analyze cash positions, predict cash flow cycles, and reduce financial risks. Automation of repetitive tasks through robotic process automation (RPA) and artificial intelligence is further freeing up treasury staff to focus on more strategic activities. Digital treasury management solutions are also integrating with ERP and other financial applications through open application programming interfaces (APIs) for a unified view of financial data across the organization.
Segment Analysis
The global treasury management market is segmented on the basis of component, deployment mode, organization size, and vertical. The solution sub-segment dominates the market under the component segment. This is because treasury management solutions help enterprises automate manual treasury processes, reduce costs, and improve productivity.
Key Takeaways
The Global Treasury Management Market Size is expected to witness high growth over the forecast period. Factors such as increasing digitalization of banking operations, growing adoption of advanced technologies and increasing demand for optimized internal financial processes are expected to drive the market growth. The global Treasury Management Market is estimated to be valued at US$ 5.1 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.
Regional analysis:
North America dominates the global treasury management market currently due to the presence of major players and early adoption of advanced technologies in the region. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. This is attributed to growing investments in digital transformation initiatives, increasing spending on financial management solutions, and developing financing infrastructure in emerging countries like China and India.
Key players:
Key players operating in the treasury management market are ABB Ltd., NXP Semiconductors N.V., Bel Fuse Inc., Larsen & Toubro Limited, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Siemens AG, Eaton Corporation plc., and General Electric Company. ABB Ltd. is one of the leading players offering a comprehensive suite of treasury management solutions. NXP Semiconductors N.V. provides hardware security modules and secure elements for banking and payment applications.
For More Insights, Read: https://www.newswirestats.com/treasury-management-market-size-share-and-growth-forecast-2023-2030/
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