Cash Management System Market Research Report - Global Forecast till 2027

Global Cash Management System Market Research Report: By Component [Software and Services (Managed Services and Professional Services {Installation Services, Training and Implementation Services and Other Support Services})], by Organization Size [SMEs, Large Enterprise] By Deployment Mode [Cloud, On-Premise], Product Type [Account Reconciliation, Controlled Disbursement, Automated Clearing House (ACH)/ Electronic Data Interchange (EDI), Demand Deposit Account (DDA), Wire Transfer, Information Reporting, Retail And Wholesale Lockbox, Check Clearing and Purchasing Card]), By End-user (Banks, Retail, Non-Banking Financial Corporations (NBFCs) and Commercial Enterprises)and Region [North America, Europe, Asia-Pacific, Middle East and Africa and South America] - Forecast till 2027

ID: MRFR/ICT/7130-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of the report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Market Synopsis


The Global Cash Management System Market was valued at USD 17.14 Billion in 2018; it is expected to reach USD 40.10 Billion by 2025 at a CAGR of 14.15% during the forecast period, 2019–2025. The market growth is attributed to large-scale adoption of automated application, growth in the e-commerce sector that enables the surge in adoption of mobile wallets and payment applications, increase in need for automated cloud-based solutions for banking and transaction process. Additionally, the integration of disruptive technologies such as artificial intelligence (AI) and machine learning (ML) techniques in the fin-tech sectors is paving way for the growth of the cash management market. On the other hand, rising cyberattacks and data theft are hindering the growth of the cash management market. Furthermore, the dependence on legacy system is one of the primary challenges for the market during the forecast period.
 Cash Management System Market


Source: Company Websites, Annual Reports, Primary Interviews, Industry Experts, Whitepapers, Secondary Research, Press Release, and MRFR Analysis


Key Developments



  • In May 2019, Glory Ltd, one of the leading providers of cash technology solutions, acquired Grupo Sortek SA de CV, a company specialized in sales, lease, maintenance services, and software development of cash handling solutions. The acquisition allows the former to strengthen its market presence in the Latin American market; it also enhances its existing capabilities for direct sales and service.



  • In July 2019, Nucleus Software, one of the leading providers of lending and transaction banking solutions, launched FinnAxia 6.5—the latest version of transaction banking solution. The latest version of the solution is equipped with artificial intelligence (AI) capabilities that help banks with faster banking, funds tracking, real-time payment fraud detection and prevention processes.



  • In October 2019, Finastra, one of the leading vendors offering financial transactions related to bank, NBFCs, and corporate banking solution, partnered with Seattle Bank, a single branch boutique bank, to improve and enhance core banking solutions.


Segmentation


The Global Cash Management System Market has been segmented based on component, deployment model, product type, organization size, end-user, and region.


By component, the global cash management system market has been divided into solution and services. By services, the market has been sub-divided into managed services and professional services. The professional services segment has been further sub-segmented into installation services, training and implementation services, and other support services.


By product type, the cash management system market has been segmented into account reconciliation, controlled disbursement, Automated Clearing House (ACH)/ Electronic Data Interchange (EDI), Demand Deposit Account (DDA), wire transfer, Information reporting, retail and wholesale lockbox, check clearing, and purchasing card.


By deployment model, the market has been segmented into cloud and on-premise.


Furthermore, based on organization size, the market has been divided into small and medium enterprises, and large enterprises.


Based on end-user, the global cash management system market has been categorized as banks, retail, non-banking financial corporations (NBFCs), and commercial enterprises.


Regional Analysis


The Global Cash Management System Market has been divided on the basis of region into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.


North America accounted for the largest market share in 2018 and expected to dominate the global cash management system market during the forecast period. An increase in the adoption of cloud-based automated solutions and the surge in the utilization of cashless transactions and investments by the banking sector cash management software are the driving factors for the growth of the market.


Asia-Pacific is anticipated to be the fastest-growing regional market in the global cash management system market during the assessment period. The market growth can be attributed to the increasing number of automated teller machines (ATM) and rising number of government initiatives by emerging economies such as Indonesia, India, Thailand, and Mynamar to boost the banking sector.


Key Players


MRFR identifies some of the Key Players of the Global Cash Management System Market include NTT Data Corporation (Japan), Glory Global Solution (UK), Alvara Cash Management Group AG (Germany), SAGE Intacct (US), Ardent Leisure Management Limited (Australia), CMS.COM (India), Nucleus Software Exports Ltd (India), Sopra Banking Software SA (France), Oracle Corporation (US), Giesecke+Devrient GmBH (Germany), National Cash Management Systems (NCMS) (US), AurionPro Solution (India), Acumatica, Inc. (US), in times (Germany), and Evry (Norway)


Competitive Analysis


The global cash management system is a matured market and is expected to grow with a steady growth rate during the forecast period. Moreover, the vendors operating in the market are adopting inorganic growth approaches, which allows them to adopt strategic alliances, partnerships, and acquisitions..


Intended Audience



  • Hardware and software service providers

  • Fintech vendors, Software Developers, and ERP and CRM developers

  • Systems Integrators

  • Value-Added Resellers

  • Government Agencies and Nonprofit Organizations

  • Industries, Service Providers, and other stakeholders associated with cash management system market



Frequently Asked Questions (FAQ) :


The global cash management system market is anticipated to account for a substantial revenue generation of USD 40.10 billion by 2025, from USD 17.14 billion in 2018, expanding at a considerable CAGR of 14.15% over the review period (2019-2025).

The leading market players operating in the global cash management system market are observing major opportunities from the increasing demand for cash management systems in the retail industry.

The global cash management system market segmentation is conducted based on component, product type, deployment model, organization size, end-user, and region.

The regional analysis of the global cash management system market is carried out in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (including the Middle East and Africa, and Latin America).

The report estimates the fastest growth in the Asia Pacific, and a steady rise in North America and Europe, wherein North America is slated to witness the largest market share. Furthermore, the rest of the world region is anticipated to observe a gradual market growth over the forecast period.