 |
| treasury management market |
The treasury management market is estimated to be valued at US$ 5.10 billion in 2023 and is expected to exhibit a CAGR of 13.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Treasury management refers to the management of cash, banking, hedging,
centralization of funding, and administrative activities related to financial
risk management. Treasury management software helps organizations improve cash
flow, reduce risks, increase profitability, and manage regulatory compliance
through integrated cash management, bank connectivity, payments, risk
management, and cash forecasting solutions. With increasing adoption of treasury
management solutions, organizations can optimize financial operations and take
well informed decisions.
Market key trends:
One of the major trends driving the growth of treasury management market is
increasing digital transformation of financial operations. Organizations across
sectors are increasingly automating treasury operations through adoption of
cloud-based solutions and APIs to gain real-time insights, reduce costs and
complexity, enhance collaboration as well as compliance. Cloud-based treasury
management enables organizations to scale financial operations as per changing
requirements while reducing upfront costs. It has also improved accessibility
of solutions for small and medium enterprises.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as there are
high initial capital required to enter the treasury management market and
established brands dominate the market. However, growing technological
disruption may lower entry barriers over time.
Bargaining power of buyers: The bargaining power of buyers is high since
treasury management solutions are commoditized and buyers can negotiate on
price and opt for alternatives. Switching costs are also relatively low.
Bargaining power of suppliers: The bargaining power of suppliers is low since
major suppliers in the treasury management market are well-established
consulting companies and fintech players.
Threat of new substitutes: The threat of substitutes is moderate as treasury
management solutions are being increasingly supplemented by newer technologies
like artificial intelligence, blockchain etc.
Competitive rivalry: Intense competition exists among leading players.
SWOT Analysis
Strength: Presence of established brands and networks, technological capabilities,
and domain expertise.
Weakness: High investment needs, changing technological landscape.
Opportunity: Growing digitization of treasury operations, demand from SMEs.
Threats: Economic slowdowns, stringent regulations.
Key Takeaways
The global Treasury
Management Market Share is expected to witness high growth, exhibiting CAGR of 13.8% over the forecast period,
due to increasing cash and liquidity management needs of corporates. The market
size is projected to reach US$ 13.47 billion by 2030 from US$ 5.10 billion in
2023.
The North American region dominates the treasury management market currently
due to high technology adoption by firms. Asia Pacific is expected to be the
fastest growing market due to rapid economic growth and increasing number of
corporates in countries like China and India.
Key players operating in the treasury management market are J.P. Morgan
Treasury Services, Bank of America Merrill Lynch, Citibank, Wells Fargo, HSBC
Global Banking and Markets, BNP Paribas, Deutsche Bank, PNC Bank, Barclays,
U.S. Bank. These players are focusing on product innovations and partnerships
to expand their market share.
Read More,
0 Comments