The North America Cash Management System Market is expected to witness market growth of 12.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cash Management System Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.83 billion by 2031. The Canada market is experiencing a CAGR of 14.9% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 14.1% during 2024-2031.
Government entities and public sector organizations rely on CMS to manage public funds, ensuring that revenue collection, disbursement, and budgeting are handled effectively. CMS enables the government to track expenditure patterns, manage public sector payrolls, and improve financial transparency. Hospitals, clinics, and other healthcare institutions increasingly adopt CMS to manage patient billing, insurance claims, and supplier payments. CMS in the healthcare industry helps ensure that funds are efficiently allocated and financial operations run smoothly.
Moreover, various factors, including technological advancements, the need for financial transparency, and an increased focus on risk management, have spurred the adoption of cash management systems. Integrating cloud computing, mobile applications, artificial intelligence, and machine learning has greatly enhanced the functionality of CMS. Cloud-based CMS solutions offer scalability, cost-effectiveness, and real-time access to financial data. The ability to access data remotely has made CMS solutions more appealing to businesses operating globally.
In Canada, the rapid rise of e-commerce, from 3.9% of total retail sales in 2021 to 6.2% in 2022, and the projected growth to USD 40.3 billion in sales by 2025, is accelerating the need for advanced CMS solutions. As online sales continue to grow, retailers face challenges in managing the complexities of real-time payments, transactions, and liquidity. CMS solutions enable Canadian e-commerce businesses to efficiently track and manage cash flow, optimize working capital, and ensure timely payments. This surge in e-commerce activity is driving demand for automated solutions that can enhance operational efficiency and support scalable financial management as businesses expand.
The US market dominated the North America Cash Management System Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.83 billion by 2031. The Canada market is experiencing a CAGR of 14.9% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 14.1% during 2024-2031.
Government entities and public sector organizations rely on CMS to manage public funds, ensuring that revenue collection, disbursement, and budgeting are handled effectively. CMS enables the government to track expenditure patterns, manage public sector payrolls, and improve financial transparency. Hospitals, clinics, and other healthcare institutions increasingly adopt CMS to manage patient billing, insurance claims, and supplier payments. CMS in the healthcare industry helps ensure that funds are efficiently allocated and financial operations run smoothly.
Moreover, various factors, including technological advancements, the need for financial transparency, and an increased focus on risk management, have spurred the adoption of cash management systems. Integrating cloud computing, mobile applications, artificial intelligence, and machine learning has greatly enhanced the functionality of CMS. Cloud-based CMS solutions offer scalability, cost-effectiveness, and real-time access to financial data. The ability to access data remotely has made CMS solutions more appealing to businesses operating globally.
In Canada, the rapid rise of e-commerce, from 3.9% of total retail sales in 2021 to 6.2% in 2022, and the projected growth to USD 40.3 billion in sales by 2025, is accelerating the need for advanced CMS solutions. As online sales continue to grow, retailers face challenges in managing the complexities of real-time payments, transactions, and liquidity. CMS solutions enable Canadian e-commerce businesses to efficiently track and manage cash flow, optimize working capital, and ensure timely payments. This surge in e-commerce activity is driving demand for automated solutions that can enhance operational efficiency and support scalable financial management as businesses expand.
List of Key Companies Profiled
- Oracle Corporation
- Giesecke+Devrient GmbH (MC Familiengesellschaft mbH)
- Aurionpro Solutions Limited
- NTT Finance Corporation
- Glory Ltd.
- The Sage Group plc
- National Cash Management Systems
- Payable Limited
- SAP SE
- Infosys Limited
Market Report Segmentation
By Deployment- On-premise
- Cloud
- Solution
- Services
- Banks
- Retail
- Non-Banking Financial Corporations
- Commercial Enterprises
- Other End-use
- Large Enterprise
- Small & Medium Enterprise
- Balance & Transaction Reporting
- Corporate Liquidity Management
- Cash Flow Forecasting
- Payables
- Receivables
- Other Operation
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Cash Management System Market by Deployment
Chapter 6. North America Cash Management System Market by Component
Chapter 7. North America Cash Management System Market by End-use
Chapter 8. North America Cash Management System Market by Enterprise Size
Chapter 9. North America Cash Management System Market by Operation
Chapter 10. North America Cash Management System Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Oracle Corporation
- Giesecke+Devrient GmbH (MC Familiengesellschaft mbH)
- Aurionpro Solutions Limited
- NTT Finance Corporation
- Glory Ltd.
- The Sage Group plc
- National Cash Management Systems
- Payable Limited
- SAP SE
- Infosys Limited
Methodology
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