Newark, NJ, November 02, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global cash flow management market is expected to increase from USD 4,429.53 million in 2020 and reach USD 18,668.56 million by 2028, with a CAGR of 19.7% during the forecast period 2021-2028.
The cash flow management market has experienced significant growth in recent years. This growth is attributed to the demand for the adoption of forecasting, analytics and predictive cash flow analytics to improve future budgeting and planning. In addition, with the increasing volume of data generated by businesses, the need to treat raw data as actionable business information is increasing, which is expected to drive the adoption of predictive analytics across multiple industries and drive business growth. market revenues in the years to come. The growing demand for mechanical cloud solutions for accounting and financial services is also further fuel for market growth.
A cash flow management can be summarized as the method of analyzing, optimizing and monitoring the net amount of cash outflows and inflows. This helps to spot trends, prepare for the future, and resolve any cash flow issues. Businesses use cash flow management software to control cash flow and predict future cash flow in industry. It also helps identify how much the business needs to cover debts such as paying vendors and staff. The ultimate intention of cash flow management is to ensure that the organization does not operate with cash flow shortages.
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The global cash flow management market is expected to experience significant growth owing to the increasing demand from organizations for cash management processes to achieve more efficient and scalable cash management method and scalable, to increase forecasting accuracy, the increasing order of accounting and financial services. within large enterprises and SMEs, increase in e-commerce sector and increased adoption of automated applications in banking industry, increased adoption of innovative and protected cash management solutions on different end uses, increasing demand for chain management procurement and working capital management, cash flow management to improve budgeting and planning cycles, and the growing adoption of predictive analytics by businesses. Additionally, businesses are looking for centralized cash management solutions paired with enterprise-level banking and networking applications to consolidate cash flow management methods in the blink of an eye. Factors holding back the growth of the market are increasing cyber attacks, regulatory and financial standards, and data theft. A growing need for automated cloud-based solutions in the banking industry is expected to create more lucrative growth opportunities.
The major players operating in the global cash flow management market are Caflou, Apruve, Cash Application Cloud, Float, ABM Cashflow, CashAnalytics, Pulse, HighRadius Fluidly and Scoro. To gain significant market share in the global cash flow management market, major players are now focusing on offering cloud-based solutions to meet the needs of their consumers. In addition, major players are focusing on working with financial service providers to launch interbank money management methods for their corporate clients.
Large enterprise segment dominated the market and held the largest market share of 57.04% in 2020
On the basis of organization size, the global cash flow management market is segmented into large enterprises and SMEs. The large enterprise segment dominated the market and held the largest market share of 57.04% in 2020. This growth is attributed to the increased adoption of cash management methods in large banks to accurately manage payments. and basic account transactions. These companies are widely adopting cash flow management software to ensure that the business does not run into cash flow shortages.
The solutions segment dominated the market and held the largest market share of 59.15% in 2020
On the basis of components, the global cash flow management market is segmented into services and solutions. The solutions segment dominated the market and held the largest market share of 59.15% in 2020. This growth is attributed to the increased need for mechanization of the money transfer method and rationalization of the systems. Management. In addition, the various players are focusing on providing mechanization algorithms that can be configured according to the needs of the industry. The cash flow solution enables institutions to define, monitor costs and revenues, financial goals and improve business plans by identifying irregularities and trends early.
Cloud segment dominated the market and held the largest market share of 56.13% in 2020
On the basis of deployment, the global cash flow management market is segmented into on-premises and cloud. The cloud segment dominated the market and held the largest market share of 56.13% in 2020. This growth is attributed to various advantages such as lower operating costs, ease of deployment, better collaboration, lead time. improved time-to-market and improved flexibility over premises. solutions in this segment.
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The IT & ITeS segment dominated the market and held the largest market share of 19.34% in 2020
On the basis of vertical, the global cash flow management market is segmented into BFSI, Transportation, IT & ITeS, Government, Retail, Manufacturing, Healthcare, etc. The IT & ITeS segment dominated the market and held the largest market share of 19.34% in 2020. This growth is attributed to the increasing number of companies in these industries, complex contracts and evolving legalization.
Regional segment of the cash flow management market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global cash flow management market is classified as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America region holds the largest market share in 2020. This growth is attributed to an increase in demand for cash flow management software to maintain the flow of funds out and in within a business. In addition, North America is expected to continue to be a market leader due to growing software demand, competition and growing cash flow with major financial business providers to provide a more reliable experience of industry. The Asia-Pacific market is expected to experience significant growth from the increased need for cash management methods. In addition, several factors such as the growing requirement for industry level connectivity and increasing need for liquidity management are expected to drive the market growth in the region.
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About the report:
Global Cash Flow Management Market is analyzed on the basis of Value (Million USD). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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