Europe Treasury and Risk Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component, Deployment, Enterprise Size, Application, and End User

The Europe treasury and risk management market is expected to grow from US$ 1,334.82 million in 2021 to US$ 1,896.58 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028

With the digital transformation, the use of cloud-based treasury and risk management platforms is rising due to their simple deployment and reduced deployment time and cost. Moreover, the internet infrastructure has gained traction in developed countries and is booming in many developing countries, enabling end users to access the cloud-based platform. A few benefits of cloud-based treasury and risk management platforms are the secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Thus, organizations can quickly recover critical data. Further, the data can be easily accessed via secure logins with a stable internet connection. Cloud-based treasury and risk management platforms reduce repair and maintenance costs and enhance customer satisfaction. Therefore, due to the multiple benefits of cloud-based treasury and risk management platforms, its adoption is increasing by large enterprises and small & medium enterprises (SMEs) for better fund/asset management, which fuels the growth of the treasury and risk management market. Furthermore, several companies, such as Broadridge Financial Solutions, Inc.; FIS; Oracle Corporation; and SAP SE, are adopting cloud-based treasury and risk management platforms. Therefore, the growing use of cloud-based treasury and risk management platforms is driving the treasury and risk management market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe treasury and risk management market. The Europe treasury and risk management market is expected to grow at a good CAGR during the forecast period.

Europe Treasury and Risk Management Market Segmentation

The Europe treasury and risk management market is segmented based on component, deployment, enterprise size, application, end user, and country. Based on component, the market is bifurcated into solution and services. The solution segment dominated the market in 2020, and the same segment is expected to grow faster during the forecast period. In terms of deployment, the market is bifurcated into cloud-based and on-premises. The cloud-based segment dominated the market in 2020, and the same segment is expected to grow faster during the forecast period. Based on enterprise size, the market is bifurcated into small & medium-size enterprises and large enterprises. The large enterprises segment dominated the market in 2020, and the small & medium-size enterprises segment is expected to grow faster during the forecast period. In terms of application, the market is segmented into account management, cash and liquidity management, compliance and risk management, and financial resource management. The cash and liquidity management segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on end user, the market is segmented into BFSI, IT and telecom, retail and e-commerce, healthcare, manufacturing and automotive, and others. The BFSI segment dominated the market in 2020, and the healthcare segment is expected to be the fastest growing during the forecast period. Based on country, the Europe treasury and risk management market has been segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.

Broadridge Financial Solutions, Inc.; Calypso Technology, Inc (Adenza); FIS; Fiserv, Inc.; Kyriba Corp; Mors Software; Oracle Corporation; Pricewaterhousecoopers International Limited (PWC); SAP SE; and Wolters Kluwer are among the leading companies in the Europe treasury and risk management market.