PUBLISHER: The Business Research Company | PRODUCT CODE: 1526914
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526914
Cash management systems are tools designed to streamline and optimize the handling of a company's cash flow, including monitoring, controlling, and optimizing cash balances. These systems offer comprehensive features for managing liquidity, forecasting cash flows, and automating financial processes.
The main components of a cash management system are services and software. Services refer to the range of solutions provided by companies to manage and optimize their cash flow, including financial planning, forecasting, and risk management. These are deployed through on-premise, a cloud used by various enterprise sizes such as small-medium size enterprises, large scale enterprise, and also by various end-users such as banking, financial services, insurance, retail, and telecommunication.
The cash management system market research report is one of a series of new reports from The Business Research Company that provides cash management system market statistics, including cash management system industry global market size, regional shares, competitors with a cash management system market share, detailed Cash management system market segments, market trends, and opportunities, and any further data you may need to thrive in the cash management system industry. This cash management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cash management system market size has grown rapidly in recent years. It will grow from $11.90 billion in 2023 to $14.99 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The expansion observed in the historical period can be ascribed to intensifying competition and burgeoning markets, a surge in the requirement for cash management systems, widening profit margins, the proliferation of automation in banking operations, and a growing necessity for money management platforms.
The cash management system market size is expected to see rapid growth in the next few years. It will grow to $24.18 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. Anticipated growth in the forecast period can be linked to escalating demands for online and mobile banking facilities, an increasing imperative for secure and intelligent central cash management systems, a rising uptake of cloud-based solutions, a heightened need for liquidity management, and an upsurge in demand for real-time payments. Notable trends projected for the forecast period encompass the incorporation of machine learning and artificial intelligence, advancements in technology, the digital transformation of enterprises, the amalgamation of cash management systems, the evolution of standardized software solutions, and the integration of digital wallets.
The growth of the cash management system market is anticipated to be driven by the increasing adoption of cloud-based solutions. These solutions, which are delivered over the Internet by third-party providers, offer scalability, cost-effectiveness, and accessibility, catering to various organizational needs. They enhance financial processes' effectiveness, precision, and security. For instance, in December 2023, Eurostat reported a 4.2 percentage point increase in EU businesses purchasing cloud computing services compared to 2021, fueling the growth of the cash management system market.
Key players in the cash management system market are concentrating on creating integrated solutions to bolster their market presence. These solutions streamline cash flow management, encompassing financial tools and strategies. GardaWorld Security Corporation introduced Sesami cash management technologies in February 2022, providing an end-to-end platform covering advisory, business intelligence, software, managed services, and cash automation devices. This innovative platform aids businesses and financial institutions in optimizing their cash ecosystem through automation, analytics, and managed services.
In January 2024, Hitachi Payment Services Private Limited acquired Writer Corporation's cash management business to expand its presence in the sector. This acquisition aims to enhance service offerings and leverage advanced technologies to optimize cash-handling processes for clients. Writer Corporation offers comprehensive solutions for cash-handling optimization.
Major companies operating in the cash management system market are Industrial and Commercial Bank of China Limited, Agricultural Bank of China Limited, Nippon Telegraph and Telephone Corporation, Banco Santander S.A., The Hongkong and Shanghai Banking Corporation Limited, Oracle Corporation, Deutsche Bank AG, Credit Agricole S.A., Infosys Technologies Private Limited, Hindustan Computers Pvt. Ltd., National Cash Management Systems, GardaWorld Security Corporation, Giesecke and Devrient GmbH, Finastra Group Holdings Limited, Bottomline Technologies Inc., AGS Transact Technologies Ltd., Aurionpro Payment Solutions Private Limited, Sage Intacct Inc., Intimus International Group, Virtual Trader Limited, Kyriba Corp, Glory Global Solutions Private Limited, Cashfac Limited, Treasury Prime Inc., Axiom Armored
North America was the largest region in the cash management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cash management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cash management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cash management system market consists of revenues earned by entities by providing services such as cash concentration, disbursement services, liquidity management, electronic funds transfer, automated clearing house, and reporting and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The cash management system market also includes sales of products including content online banking platforms, treasury management systems (TMS), fraud prevention tools, and liquidity management tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cash Management System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cash management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cash management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cash management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.