The global cash management system market size is expected to reach USD 25.37 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027, according to a new report published by Grand View Research, Inc. The growth can be attributed to the increasing adoption of cash management systems by organizations to accurately predict their flow of money. These systems help businesses prevent and mitigate any fraudulent activity using fraud prevention strategies, which is expected to further fuel the demand.
The substantial traction in digital transformation has impacted the way organizations interact with their network banks and manage cash. The digital cash management systems allow businesses to gain high visibility into their financial health. The growing focus on managing business profits has accelerated the market growth.
The advanced money management systems offer businesses with a connected experience. These systems help businesses automate and streamline the financial functions of an organization and offer extensibility and real-time integration of business operations. Moreover, they allow organizations to optimize their working capital, which is instrumental in driving the market growth over the forecast period.
The money management systems are easy to use and have intuitive user interfaces, which allows the programming of risk management and process integration points. These systems, coupled with its intuitive user interfaces, permits multi-channel access to users. These systems are widely adopted, owing to various benefits, such as transparency, lower operational risk, and effective predictability.
Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/cash-management-system-market
Key Takeaways from the report:
- The solution segment is expected to continue its dominance over the forecast period as wide usage of the component in businesses for managing liquidity, mitigating risks, and ensuring payment security
- The cash flow forecasting segment is expected to register the highest CAGR over the forecast period. This type of operations automate the collection of money flow data from all sources and provides real-time visibility and forecasts through a suite of dashboards, reports, and analytical tools
- Cloud is expected to witness significant growth over the forecast period. This deployment type offers various benefits, such as a virtually infallible computer support network and independent data-mining, and reporting capability
- The large enterprises segment is expected to continue its dominance over the forecast period. These enterprises are widely adopting cash management systems to improve their liquidity management
- As cash volume continues to grow across the globe, cash management systems are expected to gain significant traction in the banking sector
- Increased spending on the establishment of SMEs in Asia Pacific is expected to fuel the cash management system market growth over the forecast period
- Key market players include Intacct Corporation, NTT Data Corporation, Sopra Banking Software SA, Giesecke & Devrient GmbH, and Oracle Corporation
Request For Free Sample Report @ https://www.grandviewresearch.com/industry-analysis/cash-management-system-market/request/rs1
Grand View Research has segmented the global cash management system market on the basis of component, operation type, deployment, enterprise size, end use, and region:
Cash Management System Component Outlook (Revenue, USD Billion, 2016 – 2027)
- Solution
- Service
Cash Management System Operation Type Outlook (Revenue, USD Billion, 2016 – 2027)
- Balance & Transaction Reporting
- Cash Flow Forecasting
- Corporate Liquidity Management
- Payables
- Receivables
- Others
Cash Management System Deployment Outlook (Revenue, USD Billion, 2016 – 2027)
- Cloud
- On-premise
Cash Management System Enterprise Size Outlook (Revenue, USD Billion, 2016 – 2027)
- Large Enterprises
- Small & Medium Enterprises
Cash Management System End-Use Outlook (Revenue, USD Billion, 2016 – 2027)
- Banks
- Retail
- Non-Banking Financial Corporations
- Commercial Enterprises
Cash Management System Regional Outlook (Revenue, USD Billion, 2016 – 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
List of Key Players in Cash Management System Component Market
- Sopra Banking Software SA
- Intacct Corporation, NTT Data Corporation
- National Cash Management Systems (NCMS)
- Giesecke & Devrient GmbH
- Oracle Corporation
Browse Related Reports :
5G System Integration Market Size, Share & Trends Analysis Report By Services (Consulting, Infrastructure Integration, Application Integration), By Vertical, By Application, And Segment Forecasts, 2020 – 2027
https://www.grandviewresearch.com/industry-analysis/5g-system-integration-market
Dark Fiber Networks Market Size, Share & Trends Analysis Report By Fiber Type (Single Mode, Multi-mode), By Network Type (Metro, Long-haul), By Application, By Region, And Segment Forecasts, 2020 – 2027
https://www.grandviewresearch.com/industry-analysis/dark-fiber-networks-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/cash-management-system-market