Feb 10, 2020   SOURCE: PR NewsWire

Cash Management System Market Size Worth $25.37 Billion by 2027: Grand View Research, Inc.

SAN FRANCISCO, Feb. 10, 2020 /PRNewswire/ -- The global cash management system market size is expected to reach USD 25.37 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027, according to a new report published by Grand View Research, Inc. The growth can be attributed to the increasing adoption of cash management systems by organizations to accurately predict their flow of money. These systems help businesses prevent and mitigate any fraudulent activity using fraud prevention strategies, which is expected to further fuel the demand.

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Key suggestions from the report:

    --  The solution segment is expected to continue its dominance over the
        forecast period as wide usage of the component in businesses for
        managing liquidity, mitigating risks, and ensuring payment security
    --  The cash flow forecasting segment is expected to register the highest
        CAGR over the forecast period. This type of operations automate the
        collection of money flow data from all sources and provides real-time
        visibility and forecasts through a suite of dashboards, reports, and
        analytical tools
    --  Cloud is expected to witness significant growth over the forecast
        period. This deployment type offers various benefits, such as a
        virtually infallible computer support network and independent
        data-mining, and reporting capability
    --  The large enterprises segment is expected to continue its dominance over
        the forecast period. These enterprises are widely adopting cash
        management systems to improve their liquidity management
    --  As cash volume continues to grow across the globe, cash management
        systems are expected to gain significant traction in the banking sector
    --  Increased spending on the establishment of SMEs in Asia Pacific is
        expected to fuel the cash management system market growth over the
        forecast period
    --  Key market players include Intacct Corporation, NTT Data Corporation,
        Sopra Banking Software SA, Giesecke & Devrient GmbH, and Oracle
        Corporation

Read 160 page research report with ToC on "Cash Management System Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Operation Type, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/cash-management-system-market

The substantial traction in digital transformation has impacted the way organizations interact with their network banks and manage cash. The digital cash management systems allow businesses to gain high visibility into their financial health. The growing focus on managing business profits has accelerated the market growth.

The advanced money management systems offer businesses with a connected experience. These systems help businesses automate and streamline the financial functions of an organization and offer extensibility and real-time integration of business operations. Moreover, they allow organizations to optimize their working capital, which is instrumental in driving the market growth over the forecast period.

The money management systems are easy to use and have intuitive user interfaces, which allows the programming of risk management and process integration points. These systems, coupled with its intuitive user interfaces, permits multi-channel access to users. These systems are widely adopted, owing to various benefits, such as transparency, lower operational risk, and effective predictability.

Grand View Research has segmented the global cash management system market on the basis of component, operation type, deployment, enterprise size, end use, and region:

    --  Cash Management System Component Outlook (Revenue, USD Billion, 2016 -
        2027)
        --  Solution
        --  Service
    --  Cash Management System Operation Type Outlook (Revenue, USD Billion,
        2016 - 2027)
        --  Balance & Transaction Reporting
        --  Cash Flow Forecasting
        --  Corporate Liquidity Management
        --  Payables
        --  Receivables
        --  Others
    --  Cash Management System Deployment Outlook (Revenue, USD Billion, 2016 -
        2027)
        --  Cloud
        --  On-premise
    --  Cash Management System Enterprise Size Outlook (Revenue, USD Billion,
        2016 - 2027)
        --  Large Enterprises
        --  Small & Medium Enterprises
    --  Cash Management System End-Use Outlook (Revenue, USD Billion, 2016 -
        2027)
        --  Banks
        --  Retail
        --  Non-Banking Financial Corporations
        --  Commercial Enterprises
    --  Cash Management System Regional Outlook (Revenue, USD Billion, 2016 -
        2027)
        --  North America
            --  U.S.
            --  Canada
        --  Europe
            --  Germany
            --  U.K.
        --  Asia Pacific
            --  China
            --  India
            --  Japan
        --  Latin America
            --  Brazil
        --  Middle East & Africa

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

    --  Cash Logistics Market - Global cash logistics market is anticipated to
        grow at a CAGR of 8.1% over the forecast period. The increasing number
        of ATMs and rising demand for vaults for cash management are the major
        factors driving the market growth.
    --  Virtual Security Appliance Market - Global virtual security appliance
        (VSA) market is expected to grow at a very fast pace over the forecast
        period. First quarter of 2015 witnessed growth in the unit of shipments
        as well as factory revenues.
    --  Anti-counterfeit Market - Global anti-counterfeit market is expected to
        witness brisk growth over the forecast period owing to increasing
        awareness regarding counterfeit products. Increasing demand for genuine
        packaging and coupled with technological advances is presumed to
        positively impact the market.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.