LONDON–(BUSINESS WIRE)–Technavio announces the release of its latest report on the treasury and risk management software market. The market is segmented by deployment (on-premises and cloud-based) and geography (APAC, Europe, MEA, North America, and South America). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
Treasury and risk management software Market: Key Findings
- Treasury and risk management software market value to grow by USD 975.62 million at almost 5% CAGR during 2020-2024
- 34% of market growth to originate from North America during the forecast period
- Based on the deployment, the on-premise segment will offer maximum opportunities for vendors during the forecast period
- Treasury and risk management software market is expected to have a positive impact due to the spread of COVID-19
Treasury and Risk Management Software Market: Growth Drivers
The rising focus on reducing capital risk is one of the key factors driving the growth of the market. Treasury and risk management software offers integration, automation, visibility, and collaboration capabilities. This assists the treasurer in mitigating risks and maximizing liquidity. With the increasing focus on reducing capital risk across organizations, the adoption of treasury and risk management software will increase during the forecast period.
“The rising need for intelligent treasury management software and the rising demand from BFSI and healthcare industries will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Treasury and Risk Management Software Market: Major Vendors
Technavio identifies 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 as key contributors to the growth of the global treasury and risk management software market.
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