Treasury and Risk Management Application Market Analysis and Forecast to 2032: By Component (Software, Services), Deployment Type (Cloud-Based, On-Premise), Application (Account Management, Cash and Liquidity Management, Compliance and Risk Management, Financial Resource Management), and Region
The global treasury and risk management application market was valued at USD 4.5 billion in 2022 and it is anticipated to grow further till USD 9.6 billion by 2032, at a CAGR of 7.9% during the forecast period.
Treasury and risk management applications are software programs that help organizations manage their financial risks and exposures. These applications typically provide tools for managing cash flow, forecasting, and analyzing financial risks. They may also include features for managing investments, loans, and other financial instruments. Treasury and risk management applications can help organizations make more informed decisions about their financial risks and exposures, and ultimately help them better manage their finances.
Global Treasury and Risk Management Application Market Scope and Report Structure
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | $4.5 Bn |
| Market Size in 2032 | $9.6 Bn |
| Growth Rate (2023-32) | 7.9% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Component, Deployment Type, Application, and Region |
| Key Companies | HighRadius Corporation (US), Coupa Software Inc. (US), FIS (US), Fiserv, Inc. (US), Gtreasury (US), ION Group (US), Kyriba Corp. (US), Oracle Corporation (US), SAP SE (Germany), and Treasury and Balance Sheet Management Inc. (Canada) |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Market Driver and Trends
There are a number of key drivers of the Treasury and Risk Management Application market.
Firstly, the increasing globalization of business and the need for organizations to have a more strategic approach to managing their financial risks have driven demand for these applications.
Secondly, the growth of the derivatives market and the need for more sophisticated risk management tools have also been key drivers of this market.
Finally, the recent financial crisis has highlighted the importance of effective risk management, and this has led to increased demand for Treasury and Risk Management Applications.
Market Restraints and Challenges
There are several key restraints and challenges in the treasury and risk management application market.
Firstly, many organizations are still using manual processes and Excel spreadsheets to manage their treasury and risk management activities. This is due to a lack of awareness of the benefits of using specialized treasury and risk management applications.
Secondly, the treasury and risk management application market is still in its early stages of development and there are a limited number of vendors offering comprehensive solutions. This makes it difficult for organizations to find a suitable solution that meets their specific needs.
Finally, the implementation of treasury and risk management applications can be a complex and time-consuming process. This is often due to a lack of internal resources and expertise.
Global Treasury and Risk Management Application Market Segmental Overview
The global treasury and risk management application market is segmented into component, application, and region.
Global Treasury and Risk Management Application Market by Component
Based on component, it is segmented into software, and services. The software segment is anticipated to dominate the market during the forecast period. Similarly, the service segment is anticipated to witness the fastest growth during the forecast period.
Global Treasury and Risk Management Application Market by Application
Based on application, it is segmented into account management, cash & liquidity management, compliance & risk management, and others. The account management segment is anticipated to dominate the market during the forecast period. Similarly, the cash & liquidity management segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Treasury and Risk Management Application Market
Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Treasury and Risk Management Application Market
The key players studied in the report are HighRadius Corporation (US), Coupa Software Inc. (US), FIS (US), Fiserv, Inc. (US), Gtreasury (US), ION Group (US), Kyriba Corp. (US), Oracle Corporation (US), SAP SE (Germany), and Treasury and Balance Sheet Management Inc. (Canada) among others.
COVID-19 Impact
Treasury and risk management solutions/services were in high demand before to the COVID-19 outbreak because of the increasing digitization. For instance, according to a Business Wire report from April 2019, the amount spent on digital transformation in 2019 was US$ 1.18 trillion, up 17.9% from 2018. According to treasury and risk management industry research, the COVID-19 pandemic will have a significant impact on business operations and change several fundamental components of the sector in 2020. As COVID-19 spread in 2020, numerous nations went into lockdown to prevent a crisis and reduce the danger of infection. This led to a significant increase in the use of digital technologies to maintain business operations throughout the COVID-19 pandemic. Most businesses maintained lockdown limits while switching to cloud infrastructure and continuing their business. Also, the COVID-19 pandemic forced firms to consider how corporate treasury will develop in the future in light of digitization, integrated risk management, and a renewed emphasis on cost reduction and cash management. As a result, treasury and risk management products and services saw an increase in use in 2020. As a result, the COVID-19 pandemic had a net positive effect on the treasury and risk management industry in 2020.
Recent Developments
- September 2021, Eka Software Solutions, a software provider, announced the launch of a new powerful financial management solution. The Eka Treasury Management solution aids CFOs with timely enterprise data that is crucial in understanding company metrics such as cash flow, liquidity positions, asset valuations, and foreign exchange risks.
- May 2021, Refinitiv and IBSFINtech announced a collaboration to launch a new cloud-based automated treasury management solution. The solution would be called inTReaX, and would be a management solution for cash and liquidity, currency risk, etc.
Frequently Asked Questions
Q1. How big is the Treasury and Risk Management Application market?
Ans. The global Treasury and Risk Management Application market size was USD 4.5 billion in 2022 and it is anticipated to grow further till USD 9.6 billion by 2032, at a CAGR of 7.9% from 2023 to 2032.
Q2. What is the Treasury and Risk Management Application market growth rate?
Ans. The growth rate of the Treasury and Risk Management Application market is 7.9%.
Q3. Which region holds a major market share for the Treasury and Risk Management Application market?
Ans. North America holds a major market share of the Treasury and Risk Management Application market in 2022.
Q4. Which segment accounted for the largest Treasury and Risk Management Application market share?
Ans. By component, software segment accounted for the largest Treasury and Risk Management Application market share.
Q5. Who are the key players in the Treasury and Risk Management Application market?
Ans. The global Treasury and Risk Management Application market report includes players such as HighRadius Corporation (US), Coupa Software Inc. (US), FIS (US), Fiserv, Inc. (US), Gtreasury (US), ION Group (US), Kyriba Corp. (US), Oracle Corporation (US), SAP SE (Germany), and Treasury and Balance Sheet Management Inc. (Canada) among others.
Q6. What are the factors driving the Treasury and Risk Management Application market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Treasury and Risk Management Application market players?
Ans. The key growth strategies of Treasury and Risk Management Application market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Treasury and Risk Management Application market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Treasury and Risk Management Application market during the forecast period.
Table of Contents
Chapter 1. Treasury and Risk Management Application Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Component
3.3. Market Attractiveness Analysis, By Deployment Type
3.4. Market Attractiveness Analysis, By Application
Chapter 4. Treasury and Risk Management Application Market Outlook
4.1. Treasury and Risk Management Application Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Treasury and Risk Management Application Market
4.7. Impact of the Russia and Ukraine War on the Treasury and Risk Management Application Market
Chapter 5. Treasury and Risk Management Application Market By Component
5.1. Market Overview
5.2. Software
5.2.1. Market Size And Forecast, 2022-2032 ($Billion)
5.2.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
5.3. Services
5.3.1. Market Size And Forecast, 2022-2032 ($Billion)
5.3.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
Chapter 6. Treasury and Risk Management Application Market By Deployment Type
6.1. Market Overview
6.2. Cloud-Based
6.2.1. Market Size And Forecast, 2022-2032 ($Billion)
6.2.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
6.3. On-Premise
6.3.1. Market Size And Forecast, 2022-2032 ($Billion)
6.3.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
Chapter 7. Treasury and Risk Management Application Market By Application
7.1. Market Overview
7.2. Account Management
7.2.1. Market Size And Forecast, 2022-2032 ($Billion)
7.2.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
7.3. Cash and Liquidity Management
7.3.1. Market Size And Forecast, 2022-2032 ($Billion)
7.3.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
7.4. Compliance and Risk Management
7.4.1. Market Size And Forecast, 2022-2032 ($Billion)
7.4.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
7.5. Financial Resource Management
7.5.1. Market Size And Forecast, 2022-2032 ($Billion)
7.5.2. Market Size And Forecast, By Region, 2022-2032 ($Billion)
Chapter 8. Multi-Cloud Management Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends And Opportunities
8.2.2. North America Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.2.3. North America Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.2.4. North America Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.2.5. North America Treasury and Risk Management Application Market Size And Forecast By Country, 2022-2032, ($Billion)
8.2.6. The U.S.
8.2.6.1. The U.S. Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.2.6.2. The U.S. Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.2.6.3. U.S. Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.2.7. Canada
8.2.7.1. Canada Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.2.7.2. Canada Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.2.7.3. Canada Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.2.8. Mexico
8.2.8.1. Mexico Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.2.8.2. Mexico Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.2.8.3. Mexico Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3. Europe
8.3.1. Key Market Trends And Opportunities
8.3.2. Europe Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.3. Europe Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.4. Europe Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3.5. Europe Treasury and Risk Management Application Market Size And Forecast By Country, 2022-2032, ($Billion)
8.3.5.1. Germany
8.3.5.2. Germany Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.5.3. Germany Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.5.4. Germany Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3.6. France
8.3.6.1. France Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.6.2. France Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.6.3. France Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.7. U.K
8.3.7.1. U.K. Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.7.2. U.K. Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.7.3. U.K. Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.8. Spain
8.3.8.1. Spain Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.8.2. Spain Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.8.3. Spain Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3.9. Italy
8.3.9.1. Italy Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.9.2. Italy Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.9.3. Italy Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3.10. Russia
8.3.10.1. Russia Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.10.2. Russia Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.10.3. Russia Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.3.11.2. Rest of Europe Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.3.11.3. Rest of Europe Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4. Asia-Pacific
8.4.1. Key Market Trends And Opportunities
8.4.2. Asia-Pacific Treasury and Risk Management Application Market Size And Forecast By Country, 2022-2032, ($Billion)
8.4.3. Asia-Pacific Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.4. Asia-Pacific Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.5. Asia-Pacific Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4.6. China
8.4.6.1. China Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.6.2. China Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.6.3. China Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4.7. India
8.4.7.1. India Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.7.2. India Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.7.3. India Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4.8. Japan
8.4.8.1. Japan Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.8.2. Japan Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.8.3. Japan Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4.9. South Korea
8.4.9.1. South Korea Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.9.2. South Korea Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.9.3. South Korea Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.4.10.2. Rest of APAC Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.4.10.3. Rest of APAC Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.5. Rest of The World
8.5.1. Key Market Trends And Opportunities
8.5.2. Rest of The World Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.5.3. Rest of The World Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.5.4. Rest of The World Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.5.5. Rest of The World Treasury and Risk Management Application Market Size And Forecast By Country, 2022-2032, ($Billion)
8.5.6. Latin America
8.5.6.1. Latin America Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.5.6.2. Latin America Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.5.6.3. Latin America Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.5.7. Middle East
8.5.7.1. Middle East Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.5.7.2. Middle East Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.5.7.3. Middle East Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
8.5.8. Africa
8.5.8.1. Africa Treasury and Risk Management Application Market Size And Forecast By Component, 2022-2032, ($Billion)
8.5.8.2. Africa Treasury and Risk Management Application Market Size And Forecast By Deployment Type, 2022-2032, ($Billion)
8.5.8.3. Africa Treasury and Risk Management Application Market Size And Forecast By Application, 2022-2032, ($Billion)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions
Chapter 10. Company Profiles
10.1. HighRadius Corporation (US)
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Coupa Software Inc. (US)
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. FIS (US)
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Fiserv, Inc. (US)
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Gtreasury (US)
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. ION Group (US)
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Kyriba Corp. (US)
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Oracle Corporation (US)
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. SAP SE (Germany)
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Treasury and Balance Sheet Management Inc. (Canada)
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
- HighRadius Corporation (US)
- Coupa Software Inc. (US)
- FIS (US)
- Fiserv, Inc. (US)
- Gtreasury (US)
- ION Group (US)
- Kyriba Corp. (US)
- Oracle Corporation (US)
- SAP SE (Germany)
- Treasury and Balance Sheet Management Inc. (Canada)
Market Segmentation
By Component
- Software
- Services
By Deployment Type
- Cloud-Based
- On-Premise
By Application
- Account Management
- Cash and Liquidity Management
- Compliance and Risk Management
- Financial Resource Management
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa