09-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Treasury Software Market by Deployment (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), and by Vertical (BFSI, Manufacturing, Healthcare, Consumer Goods, Chemicals, Metals, & Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global treasury software market accounted for USD 3.98 Billion in 2023 and is projected to hit USD 5.23 Billion by 2032, with a compound annual growth rate (CAGR) of 3.1% during the forecast period 2024-2032.
Treasury software for treasury management is defined as the application that supports the commercial treasury operations including that of financial service businesses along with corresponding to all the financial functionalities. The treasury software automates all the repetitive steps required to manage a company’s financial transactions. Treasury software not only calculates the value of a certain financial transaction but also provides a basis for the entire organization to improve their workflows and save time and effort in even the smallest of units or departments.
The treasury software can be managed in-house or from a third-party service provider. It consists of hardware, software, and real-time financial data regarding direct financial transactions, fund transfers, cash positions, interest rates, foreign exchange rates, payables, and receivables. The treasury software can be used stand-alone or can be integrated with any other ERP software.
Browse the full “Treasury Software Market by Deployment (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), and by Vertical (BFSI, Manufacturing, Healthcare, Consumer Goods, Chemicals, Metals, & Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/treasury-software-market
The global treasury software market is likely to grow substantially in the future, owing to the increase in the demand for overall automation systems. Treasury software is an important tool for financial professionals, particularly the ones with limited resources. Treasury software has the ability to connect the BFSI with many industries like healthcare, retail, energy, and even the government. Blockchain has the ability to eliminate several functions of treasury management, including financial settlement activities, auditing, payment transactions, and reconciliations. However, the increasing threats of a data breach, the lack of awareness regarding the benefits of treasury software in developing regions, and a dearth of skilled professionals may restrain the treasury software market globally in the years ahead.
The deployment segment of the treasury software market includes cloud-based and on-premises. Cloud-based software is dominating the market in terms of compound annual growth. The organization size segment is bifurcated into large and small and medium enterprises. The vertical segment of the global treasury software market is classified into BFSI, manufacturing, healthcare, consumer goods, chemicals, metals, and energy, and others. The consumer goods vertical is likely to be the fastest growing vertical in the upcoming years in the global treasury software market.
In terms of revenue, North America holds the largest share of the global treasury software market. This regional share can be attributed to the growing penetration of technological advancements in the treasury software sector, the increasing number of government initiatives, and raising awareness about treasury software.
The global treasury software market is led by players like:
Global Treasury Software Market: Deployment Analysis
Global Treasury Software Market: Organization Size Analysis
Global Treasury Software Market: Vertical Analysis
Global Treasury Software Market: Regional Analysis
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