Treasury and Risk Management Software Market - Actionable Research on COVID-19 | Focus On Reducing Capital Risk to Boost the Market Growth | Technavio
The global treasury and risk management software's market size is poised to grow by USD 975.62 million during 2020-2024, progressing at a CAGR of almost 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Globally, organizations are focusing on reducing their liquidity or capital risk. To prevent capital losses, organizations have started adopting treasury and risk management software. For instance, in September 2019, Caisse des Dépôts Group opted for Murex's MX.3 platform to manage its treasury risk and post-trade operations. Furthermore, the treasury and risk management software also offers integration, automation, visibility, and collaboration capabilities that assist treasurers in managing risks and maximizing liquidity.
The major treasury and risk management software's market growth came from on-premises segment. Companies belonging to the BFSI and healthcare industries deal with critical business- and customer-related information that requires high security. On-premises treasury and risk management software offers high system security compared with the public cloud offering. Large organizations and institutions, mostly in the BFSI and healthcare industries, are the major end-users of on-premises treasury and risk management software. However, the growth of the market in the on-premises segment will be slower than the could-based segment.
North America has a significant presence of end-users such as the BFSI, healthcare, IT, and other industries. Enterprises in these industries are increasingly adopting treasury and risk management software to mitigate issues in managing financial structuring and strategy alignment based on the risk factors in crucial business areas. Market growth in this region will be faster than the growth of the market in South America.
The global treasury and risk management software's market is concentrated. Calypso Technology Inc., EdgeVerve Systems Ltd., Fidelity National Information Services Inc., Finastra, ION Group, Kyriba Corp., Murex SAS, SAP SE, TreasuryXpress Inc., and Wolters Kluwer NV. are some of the major market participants. To help clients improve their market position, this treasury and risk management software's market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global treasury and risk management software's market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Rising Need for Intelligent Treasury Management Software will be a Key Market Trend
The rising need for intelligent treasury management software is one of the significant treasuries and risk management software market trends. There is a growing adoption of artificial intelligence (AI) in treasuries. AI-enabled treasury and risk management software can automate risk identification, assess large volumes of data and generate insights, track financial documents, and enhance chatbots. The intelligent software can also improve fraud detection and productivity. Such factors are creating a significant demand for treasury and risk management software integrated with big data, AI, and machine learning (ML).
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Treasury and risk management software's market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist treasury and risk management software's market growth during the next five years
Estimation of the treasury and risk management software's market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the treasury and risk management software's market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of treasury and risk management software's market vendors
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North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Intelligent treasury management software
Blockchain in treasury operations
Growing number of acquisitions and partnerships
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Calypso Technology Inc.
EdgeVerve Systems Ltd.
Fidelity National Information Services Inc.
Finastra
ION Group
Kyriba Corp.
Murex SAS
SAP SE
TreasuryXpress Inc.
Wolters Kluwer NV
PART 13: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 14: EXPLORE TECHNAVIO
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