Business Treasury Management Market Report 2025

The business treasury management market size has grown strongly in recent years. It will grow from $4.01 billion in 2024 to $4.39 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. Growth in the historic period can be linked to rising demand for cash flow visibility, increasing emphasis on liquidity risk management, wider adoption of centralized treasury platforms, stricter regulatory compliance requirements, and a growing need for real-time financial reporting.

The business treasury management market size is expected to see strong growth in the next few years. It will grow to $6.24 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. Growth in the forecast period can be attributed to rising adoption of artificial intelligence in forecasting, increasing need for integrated risk and cash management, growing demand for fraud detection and cybersecurity tools, wider adoption of data-driven decision-making, and an expanding focus on digital transformation in finance. Major trends expected in the forecast period include advancements in real-time analytics, innovations in mobile treasury applications, developments in blockchain for secure transactions, stronger partnerships between fintech firms and banks, and increasing automation in cash and liquidity management.

The increasing demand for automation is expected to propel the growth of the business treasury management market. Automation refers to the use of technology, systems, or machinery to perform tasks with minimal human intervention. This demand is driven by the need to improve operational efficiency by enabling faster, more accurate, and consistent execution of repetitive tasks while reducing costs and errors. In treasury management, automation enhances cash flow visibility and supports real-time tracking and forecasting of funds across multiple accounts, helping treasurers make faster and more informed financial decisions. For example, in September 2023, the International Federation of Robotics reported that 553,052 industrial robots were installed in factories worldwide in 2022, reflecting a 5% year-on-year growth. Therefore, the rising demand for automation is fueling the growth of the business treasury management market.

Major companies operating in the business treasury management market are focusing on developing advanced solutions such as cloud-native treasury platforms to enhance real-time visibility, improve operational efficiency, and support agile financial decision-making in a rapidly evolving global economy. Cloud-native treasury platforms are built specifically to operate in cloud computing environments rather than being adapted from traditional on-premises software. For example, in April 2025, Fidelity National Information Services Inc., a US-based fintech company, launched a treasury and risk management platform to unlock real-time cash visibility. The platform offers a range of features designed to improve financial visibility, automation, and risk control. It provides real-time cash visibility across global accounts, integrates advanced analytics and AI-driven forecasting for liquidity optimization, and supports automated workflows for payments, reconciliation, and risk monitoring to reduce manual effort and operational risk.

In June 2025, Tipalti Ltd., a US-based AI-powered finance automation platform, acquired Statement, an AI-native treasury automation solution. With this acquisition, Tipalti aims to strengthen its treasury management capabilities by integrating Statement’s AI-driven tools for real-time cash visibility, forecasting, and liquidity optimization. Statement is a US-based provider of business treasury management solutions.

Major players in the business treasury management market are Oracle Corporation, SAP SE, Infosys Limited, Treasury Intelligence Solutions GmbH, ION Investment Group Limited, Adenza Group Inc., Finastra Group Holdings Limited, HighRadius Corporation, Coupa Software Inc., Bottomline Technologies Inc., Kyriba Corporation, Serrala Group GmbH, Aurionpro Solutions Limited, TreasuryXpress Inc., GTreasury LLC, Trovata Inc., Calypso Technology Inc., IBSFINtech India Private Limited, Zanders B.V., CAPIX Treasury Software Solutions Pty. Ltd.

North America was the largest region in the business treasury management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in business treasury management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the business treasury management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Business treasury management refers to the strategic process of overseeing a company’s financial resources to optimize liquidity, manage risk, and enhance profitability. This includes managing cash flow, funding, investments, and financial risks such as currency and interest rate fluctuations, while supporting the organization’s operational and strategic goals.

The main components of business treasury management are software and services. Software comprises specialized digital tools and platforms that automate, streamline, and optimize treasury and financial operations. It serves businesses of all sizes, large, medium, and small, and covers key treasury functions such as liquidity management, working capital optimization, foreign exchange management, investment strategy and asset management, and compliance and regulatory management. These solutions are available at different technological adoption levels, including traditional treasury management systems, cloud-based solutions, and advanced analytics and reporting tools. End-users include sectors such as banking, financial services and insurance, healthcare, retail, manufacturing, information technology and telecommunications, and others.

The business treasury management market research report is one of a series of new reports that provides business treasury management market statistics, including business treasury management industry global market size, regional shares, competitors with a business treasury management market share, business treasury management market segments, market trends and opportunities, and any further data you may need to thrive in the business treasury management industry. This business treasury management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The business treasury management market consists of revenues earned by entities by providing services such as cash and liquidity management, risk management, debt and investment management, bank relationship management, and compliance and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The business treasury management market also includes sales of treasury management systems, bank connectivity solutions, cash management tools, risk management software, and analytics and reporting tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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