What is Cash and Working Capital Management Services Market?
Working capital management is a business strategy that is designed to maintain sufficient cash flow to meet its short-term costs, debt obligations, and run the business smoothly. Cash and working capital management service market will witness considerable growth in the Asian markets compared to the US and Europe as Asian treasurers are looking to solve new working capital problems. The rapidly growing Retail & E-commerce industry across the globe due to online shopping and the global expansion of businesses will accelerate the growth of the market.
Highlights from Cash and Working Capital Management Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | CapActix Business Solutions (United States), McKinsey & Company (United States), PwC (United Kingdom), Deloitte (United Kingdom), BNP Paribas (France), Ernst & Young (United Kingdom), Grant Thornton (United States), Bain & Company (United States), CDA Audit (United Arab Emirates), FTI Consulting (United States), AGS Transact Technologies Ltd. (India) and Standard Chartered (United Kingdom) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States and United Kingdom Players will contribute to the maximum growth of Global Cash and Working Capital Management Services market throughout the forecasted period.
CapActix Business Solutions (United States), McKinsey & Company (United States), PwC (United Kingdom), Deloitte (United Kingdom), BNP Paribas (France), Ernst & Young (United Kingdom), Grant Thornton (United States), Bain & Company (United States), CDA Audit (United Arab Emirates), FTI Consulting (United States), AGS Transact Technologies Ltd. (India) and Standard Chartered (United Kingdom) are some of the key players profiled in the study. Cash and Working Capital Management Services Market Segmentation:
Scope | Sub-Segments |
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Type | Cash Management Service and Working Capital Management Service |
Organization Size | Small & Medium Enterprises,Large Enterprises |
Industry Vertical | Manufacturing,Retail & E-Commerce,IT & Telecom,BFSI,Hospitality,Healthcare,Automotive,Others |
On the basis of geography, the market of Cash and Working Capital Management Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Technologically Advanced Solutions by the Service Providers to Deliver Best and Quick Services to Their Clients
Market Growth Drivers:
Need for Assessment and Management of Working Capital Across Businesses or Enterprises to Maintain Sufficient Cash Flow and Liquidity and Extraordinary Growth of Cash and Working Capital Management Services in Manufacturing and Retail Industry Due to Availability of a Large Amount of Physical Inventory
Challenges:
Loss of Control and Lack of Visibility into Whole Process May Create Challenges for the Market
Restraints:
High Cost Associated with Services and Integration of Cash and Working Capital Management Solutions in the Large Enterprises
Opportunities:
Current Economic Conditions like Slow Down and Inflation Due to Covid-19 Pandemic and Russia Ukraine war and Growing Importance of Working Capital Management Among SMEs to Enhance Solvency and Meet Short-Term Expenses
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cash and Working Capital Management Service Providers, Venture Capitalists and Private Equity Firms, End-user Industries and Others
Market Leaders & Development Strategies
SCM Connections is acquired by McKinsey, enhancing its capabilities for supply-chain transformation.
Treasury Intelligence Solutions (TIS), a leader in cloud-native cashflow, liquidity, and payment solutions, and Citi's Treasury and Trade Solutions (TTS) have strengthened their partnership. The revolutionary cash forecasting and working capital platform from TIS is now available to joint clients through Citi, strengthening the market-leading global banking network's end-to-end solution portfolio.