North America Cash Management System Market Size, Share & Trends Analysis Report By Deployment (On-premise and Cloud), By Component, By End-use, By Enterprise Size, By Operation, By Country and Growth Forecast, 2024 - 2031
The North America Global Cash Management System Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $8,831.1 million by 2031. The Canada market is experiencing a CAGR of 14.9% during (2024 - 2031). Additionally, The Mexico market would 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.
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solution and Services. Based on End-use, the market is segmented into Banks, Retail, Non-Banking Financial Corporations, Commercial Enterprises, and Other End-use. Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on Operation, the market is segmented into Balance & Transaction Reporting, Corporate Liquidity Management, Cash Flow Forecasting, Payables, Receivables, and Other Operation. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
North America Global Cash Management System Market Report Segmentation
By Deployment
By Component
By End-use
- Banks
- Retail
- Non-Banking Financial Corporations
- Commercial Enterprises
- Other End-use
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
By Operation
- Balance & Transaction Reporting
- Corporate Liquidity Management
- Cash Flow Forecasting
- Payables
- Receivables
- Other Operation
By Country
- US
- Canada
- Mexico
- Rest of North America