Treasury Management MarketSize and Trends
Global Treasury Management Market is expected to witness growth in the near future. The global treasury management system market is estimated to be valued at US$ 5.1 Billion in 2023, and is expected to reach US$ 12.6 Billion by 2030. The market is projected to exhibit a CAGR of 13.8% during the forecast period.
Global Treasury Management Market- Trends
- Cloud-Based Solutions: The adoption of cloud-based treasury management solutions is increasing. Cloud technology offered scalability, flexibility, and cost-efficiency, allowing companies to access treasury tools and data from anywhere while reducing the need for complex IT infrastructure.
- Integrated Treasury Management Platforms: Businesses are seeking comprehensive solutions that could integrate treasury management with other financial functions, such as cash management, risk management, and accounting. Integrated platforms offered better data visibility, enhanced efficiency, and improved decision-making capabilities.
- Real-Time Data and Analytics: The demand for real-time data and advanced analytics is increasing. Treasury professionals uses tools that could provide instant insights into cash positions, liquidity forecasts, and risk exposures, enabling quicker and more informed decision-making.
- Mobile Accessibility: Mobile-friendly treasury management applications and platforms are gaining popularity, catering to the needs of finance professionals who requires access to critical financial information while on the move
Figure 1. Global Treasury Management Market Share (%), By Region, 2023