Treasury and Risk Management Market Report 2025

The treasury and risk management market size has grown strongly in recent years. It will grow from $5.86 billion in 2024 to $6.34 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to global economic volatility, regulatory compliance requirements, complexity in financial instruments, increased focus on liquidity management, market expansion and globalization.

The treasury and risk management market size is expected to see strong growth in the next few years. It will grow to $8.99 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to cybersecurity threats and fraud prevention, dynamic regulatory environment, integration with business intelligence, economic uncertainty and market fluctuations, focus on environmental, social, and governance (esg) risks. Major trends in the forecast period include globalization challenges, real-time treasury management, sustainability integration, collaboration tools, advanced automation.

The anticipated growth in the banking sector is poised to drive the expansion of treasury and risk management in the future. The banking sector, comprising financial institutions such as commercial banks, investment banks, and credit unions, offers a range of financial services to individuals, businesses, and governments. Within the banking industry, treasury and risk management solutions play a crucial role, empowering financial organizations to effectively oversee their treasury operations, optimize risk management strategies, and adhere to regulatory requirements. This ultimately contributes to enhanced financial stability and profitability. Notably, as of June 2022, the European Central Bank (ECB) reported a 3.42% increase in total assets of EU-headquartered credit institutions, rising from €29.44 trillion ($31.82 trillion) in December 2020 to €30.44 trillion ($32.92 trillion) in December 2021. Consequently, the growth in the banking sector acts as a driving force for the expansion of the treasury and risk management market.

The projected rise in cybersecurity concerns is set to propel the growth of treasury and risk management in the future. Cybersecurity concerns revolve around the apprehension and challenges associated with safeguarding computer systems, networks, and data from theft, damage, unauthorized access, and various cyber threats. Robust cybersecurity measures play a crucial role in protecting sensitive information, preventing unauthorized access, and mitigating the potential for financial fraud. Advanced threat detection, encryption protocols, and secure authentication methods contribute to building a resilient risk management ecosystem, instilling confidence among stakeholders and fostering a secure digital financial landscape. For example, in 2022, Packetlabs, a Canada-based computer security service company, reported that 79% of financial Chief Information Security Officers (CISOs) indicated an annual increase in the sophistication of cyberattacks by threat actors. Hence, the growing concerns regarding cybersecurity act as a driving factor for the growth of the treasury and risk management market.

Product innovation is a prominent trend gaining traction in the treasury and risk management market. Major companies in this sector are focused on developing innovative products to bolster their market position. For example, in September 2023, ION Treasury, an Ireland-based software development company, launched Wallstreet Suite, an enterprise-level treasury management system and payment hub designed for large organizations, central banks, and government agencies. This solution enhances automation, increases visibility, and streamlines treasury processes by integrating cash management, trading, and risk management into a single platform. Wallstreet Suite facilitates better decision-making and operational efficiency by providing insights into cash flow, liquidity, and exposures across organizations, making it a powerful tool for modernizing treasury operations.

Prominent companies are strategically entering partnerships and collaborations, particularly with start-ups and mid-sized firms, in the treasury and risk management market to diversify their product and service offerings. Such collaborations and partnership agreements play a pivotal role in expanding companies' existing product portfolios and geographical reach. For instance, in May 2023, IRM, a leading professional body for Enterprise Risk Management (ERM) qualifications globally, entered into a partnership with Reliance Jio Infocomm to strengthen and promote ERM in the telecom industry. As part of this collaboration, both IRM India Affiliate and Reliance Jio will organize webinars, roundtables, industry meetings, and contribute thought leadership articles to enhance ERM and risk intelligence for the sector. Reliance Jio is a telecommunications company based in India.

In January 2023, S&P Global, a US-based capital market company, acquired TruSight Solutions LLC for an undisclosed amount. This acquisition, integrated into the Market Intelligence division and complementing KY3P by S&P Global, expands the scope of S&P Global's third-party vendor risk management solutions. It offers high-quality validated assessment data to clients, aiming to alleviate the vendor due diligence burden on service providers in the financial services industry. TruSight Solutions LLC (TruSight) is a US-based provider of third-party vendor risk assessments.

Major companies operating in the treasury and risk management market include Broadridge Financial Solutions Inc., FIS Global Inc., Oracle Corporation, PricewaterhouseCoopers International Limited, SAP SE, Fiserv Inc., Calypso Technology Inc., Kyriba Corporation, Mors Software Inc., Wolters Kluwer N.V., Q2 Software Inc., Riskonnect Inc., Silverlake Axis Limited, SmartStream Technologies Inc., Temenos AG, Axiom Software Solutions Inc., Equifax Inc., ION Trading Limited, Finastra, IBM Corporation, Exela Technologies Inc., Edgeverve Systems Private Limited, Finance Active S.p.A., Yonyou Software Co. Ltd., Murex S.A., Infor Corporation, BELLIN GmbH, Trading Technologies International Ltd., TreasuryXpress Inc., Reval Systems Inc.

North America was the dominate region in the treasury and risk management market in 2024. The regions covered in the treasury and risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the treasury and risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Treasury and risk management is a software solution crafted to aid organizations in effectively overseeing their financial operations and mitigating diverse treasury risks. This solution encompasses a suite of tools and features geared towards optimizing treasury activities, monitoring cash flows, and evaluating as well as managing financial risks.

The primary categories within treasury and risk management include treasury, investment management, risk, and compliance. The term "treasury" denotes the department or function within an organization tasked with overseeing the management of financial assets and liabilities. These solutions cater to enterprises of varying sizes, including both large enterprises and small and medium enterprises (SMEs). Deployment modes for these solutions include cloud-based and on-premises options, offering functionalities for account management, cash and liquidity management, compliance, risk management, and financial resource management. End users from diverse sectors such as banking, financial services, and insurance, information technology and telecommunications, retail and e-commerce, healthcare, manufacturing and automotive, among others, benefit from the applications of treasury and risk management solutions.

The treasury and risk management market research report is one of a series of new reports that provides treasury and risk management market statistics, including treasury and risk management industry global market size, regional shares, competitors with a treasury and risk management market share, detailed treasury and risk management market segments, market trends and opportunities, and any further data you may need to thrive in the treasury and risk management industry. This treasury and risk 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 treasury and risk management market includes revenues earned by entities providing various treasury management operations such as the implementation of FX exposure strategies, cash flow forecast, liquidity management, fraud management, risk management, and consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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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