At a cumulative annual growth rate (CAGR) of 8.7%, the worldwide treasury and risk management market is anticipated to increase from $4.99 billion in 2022 to $5.42 billion in 2023. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Economic sanctions on a number of nations, an increase in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have caused inflation in the prices of products and services and had an impact on numerous markets throughout the world. At a CAGR of 8.0%, the treasury and risk management market is anticipated to reach $7.39 billion in 2027.
Revenues generated by companies offering a range of treasury management services, such as the implementation of FX exposure strategies, cash flow forecasting, liquidity management, fraud management, risk management, and consultation, are included in the treasury and risk management industry.The value of associated goods sold by the service provider or incorporated into the service providing is included in the market value.
Only items and services that are exchanged between parties or sold to final customers are covered.
A software programme called treasury and risk management is intended to help businesses manage their financial operations effectively and reduce a variety of treasury risks. It has features and tools for improving treasury operations, keeping track of cash flows, and identifying and controlling financial risks.
In 2022, North America dominated the treasury and risk management market. The Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa regions are covered in the treasury and risk management report.
Treasury, investment management, risk, and compliance are the four key categories of treasury and risk management.The department or function inside an organisation that is in charge of overseeing the financial assets and liabilities of the treasury and the entity is referred to as the treasury.
These are applied for account management, cash and liquidity management, compliance, risk management, and financial resource management by a variety of end users including banking, financial services, and insurance, information technology and telecommunications, retail and e-commerce, healthcare, manufacturing, and large enterprises as well as small and medium-sized enterprises (SMEs).
Future growth in the treasury and risk management industries is anticipated to be driven by the expansion of the banking industry.The industry comprising commercial banks, investment banks, and credit unions that offer a range of financial services to private citizens, public entities, and governments is known as the banking sector.
The successful management of treasury operations, optimisation of risk management plans, and compliance with banking regulatory requirements are made possible by treasury and risk management solutions in the banking industry, which ultimately improves financial stability and profitability. For example, The total assets of credit institutions with headquarters in the European Union increased by 3.42% from €29.44 trillion ($31.82 trillion) in December 2020 to €30.44 trillion ($32.92 trillion) in December 2021, according to the European Central Bank (ECB), a central bank of the European Union countries with headquarters in Germany. As a result, the market for treasury and risk management is driven by the expansion of the banking industry.
The main trend gaining traction in the treasury and risk management sector is the use of artificial intelligence in risk management.To strengthen and maintain their market share, the major players in the treasury and risk management system market are concentrating on improving their products.
For instance, the FIS AML Compliance Hub, an AI-enabled risk solution for the financial services industry, was announced in May 2021 by US financial institution Fidelity National Information Services, Inc (FIS), in collaboration with US software company C3 AI. This aids businesses in decision-making, AML (Anti-Money Laundering), KYC (Know Your Customer), and false positive alert reduction by analysing customer data across numerous platforms.
A US-based technology platform for company expenditure management called Coupa purchased BELLIN Group in June 2020 for an unknown sum.Through this acquisition, Coupa broadened its scope as a tool for corporate spending and boosted its value for companies in need of treasury, payments, and working capital services.
The BELLIN Group is a treasury technology firm with operations in Germany that include payments, cash and liquidity management, and financial services.
The treasury and risk management market study includes data for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.
The market value is defined as the income that businesses receive in terms of the currency (in USD unless otherwise indicated) from the sale of goods and/or services within the specified market and area through sales, grants, or contributions.
Regardless of where they are produced, the revenues for a specific geographical are consumption values, which are revenues made by businesses in the stated area inside the market. Revenues from resales along the supply chain, whether they occur later on or as a component of other items, are excluded.
The treasury and risk management market research report is one of a new series of reports that offers statistics on the market for treasury and risk management, including the global market size, regional shares, competitors with a treasury and risk management market share, specific market segments, market trends and opportunities, and any additional information you may need to succeed in the treasury and risk management industry. With an in-depth examination of the existing and future state of the industry, this treasury and risk management market research study provides a comprehensive view of everything you need.
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