Report Details

Global Cash Management System Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Cash Management System Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Cash Management System market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global cash management system market size was valued at USD 9.86 billion in 2019 and is expected to register a CAGR of 12.6% from 2020 to 2027. The growth can be attributed to the rise in the e-commerce sector and the increased adoption of automated applications in the banking sector. An increasing need for automated cloud-based solutions in banking is expected to further create lucrative growth opportunities for the market. The cloud-based cash management system can be easily integrated into existing enterprise resource planning (ERP) systems that help banks manage money flow and payments through a network. This allows banks to scale money management systems to address the corporate customers’ requirement by providing real-time access to the transactions.

The increasing need for centralized cash management solutions in banking transaction processes is anticipated to propel the market growth. These solutions allow businesses to overview information about cash and financial transactions. Numerous businesses are focusing on driving financial efficiency and managing transaction risk. As a result, businesses are widely adopting centralized cash management system.

Growing adoption of smart safe cash management solutions across various end uses is anticipated to fuel market growth. Smart safe solutions help businesses overcome cash handling and storage issues. These technologically advanced safes allow businesses to monitor cash at every step of the money handling process. These safes provide clear visibility into the money flow at all times.

The integration of machine learning (ML) and artificial intelligence (AI) techniques in the financial sector is expected to create growth opportunities for the market over the forecast period. AI and ML platforms are helping businesses in providing the most accurate money flow forecasts. The AI and ML integrated solutions are widely adopted by enterprises as these solutions seamlessly integrate with accounting systems, enterprise resource planning (ERP) systems, and bank management systems. The ML and AI algorithms process datasets, including vendor invoices, customer invoices, and bank statement inflows/outflows for accurate and comprehensive money flow forecasts.

Increasing cyberattacks and data theft are however, hindering the market growth. In May 2018, the World Economic Forum stated that the worldwide losses occurred due to cyberattacks reached USD 1 trillion. Cyber-attackers are targeting card processing, e-banking, ATM management, and interbank transfer processes for data theft. This, as a result, is obstructing market growth and creating challenges for securing financial transactions data

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Cash Management System market are included as given below:

Key market vendors include Sopra Banking Software SA, Intacct Corporation, NTT Data Corporation, National Cash Management Systems (NCMS), Giesecke & Devrient GmbH, and Oracle Corporation. Continuous focus on offering advanced features and integration of cutting-edge technologies are some of the key trends observed in the market. Numerous businesses continue to expand globally, due to which their connectivity to local banking partners and networks is becoming more complex. As a result, vendors are focusing on offering cloud-based solutions to cater to their client needs.

Collaborations and new product developments are some of the key strategies adopted by the vendors to gain a competitive edge. The vendors focus on collaborating with financial service providers to launch inter-bank money management systems for their business clients. Players are constantly focusing on innovations to personalize and differentiate their solution and service offerings for potential customers. They also focus on investing in R&D activities for updating and innovating products and solutions

The global Cash Management System market has been segmented as below:

  • Component

    • Solution

    • Service

  • Operation Type

    • Balance & Transaction Processing

    • Cash Flow Forecasting

    • Corporate Liquidity Management

    • Payables

    • Receivables

    • Others

  • Deployment

    • Cloud

    • On-premise

  • Enterprise Size

    • Large Enterprises

    • Small & Medium Enterprises

  • End-use

    • Banks

    • Retail

    • Non-Banking Financial Corporations

    • Commercial Enterprises

  • Global Cash Management System Market by Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Reasons to Purchase this Report:

Estimates Cash Management System development trends with SWOT analysis

  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects