About Cash Management System
Cash is an important component of current assets and is most essential for business operations. The management of cash is important as it gives an overview of a company’s short-term liquidity situation. It can also provide information on the development of the company’s mid-term liquidity in the near future. In order to resolve the uncertainty about cash flow prediction and lack of synchronization between cash receipts and payments, the large as well as small & medium-size businesses have adopted cash management systems. In addition, the government support for cashless transaction practice has majorly encouraged the demand for the cash management system market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.41% |
Due to the presence of numerous local and regional competitors, the market for cash management systems is extremely competitive and fragmented. The strategic tactics used by the top firms to increase their brand visibility among consumers are highlighted, with a focus on mergers, expansions, acquisitions, partnerships, and new product development. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Cash Management System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle Corporation (United States), HCL Enterprises (United States), Giesecke+Devrient GmbH (Germany), Glory Ltd. (Japan), Sage Intacct, Inc. (United States), Infosys Limited (India), Sopra Steria Group SA (France), National Cash Management Systems (United States), Aurionpro Solutions Limited (India), Alvara Cash Management Group AG (Germany), Ardent Leisure Management Limited (Sydney), Intimus International Group (Germany), Vista Equity Partners (United States) and Finastra (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cash Management System market by , Application (Balance & Transaction Processing, Cash Flow Forecasting, Corporate Liquidity Management, Payables & Receivables and Others) and Region.
On the basis of geography, the market of Cash Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. BFSI will boost the Cash Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Cash Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premises will boost the Cash Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution (Hardware, Software) will boost the Cash Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Cashless Transactions Globally
Market Growth Drivers:
Demand for Easy and Effective Cash Management Processes, Increasing Use of Software-as-a-Service (SaaS) and Cloud Technology and Benefit of Multi-Channel Access
Challenges:
High Initial Investment to Incorporate with New Technologies
Restraints:
May Have Software Incompatibility Issues
Opportunities:
Growing Adopting Cash Management Systems, Adoption of Smart and Safe Solutions in Businesses and Increasing Demand for e-Cash Management System
Market Leaders and their expansionary development strategies
In October 2019, Glory acquired 53% stake in Cash Payment Solutions GmbH, a bank-independent payment infrastructure. This acquisition was aimed to strengthen Glory’s position financially and strategically.
In November 2019, Finastra collaborated with United Arab Bank to use Finastra’s Fusion Corporate Channels and Fusion Cash Management products. These products were made available to access for United Arab Bank’s customers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cash Management System Providers, Cloud Service Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.