Top 10 TRM Software Vendors and Market Forecast 2015-2020

Worldwide TRM Applications Market to reach $3.4 billion by 2020, compared with $2.7 billion in 2015 at a compound annual growth rate of 4.9%.

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In 2015, the top 10 TRM software vendors accounted for nearly 65% of the global Treasury & Risk Management applications market which grew 5% to approach nearly $2.7 billion in license, maintenance and subscription revenues.

Last year FIS Global led the pack with 13% market share and $337 million in TRM product revenues. Misys was No. 2 achieving 12% share, Murex was the third at 10% and ION Trading and SAP were fourth and fifth place with 10% and 5%, respectively.

Top 10 TRM Software Vendors & 2015 TRM Applications Market Shares
Top 10 TRM Software Vendors & 2015 TRM Applications Market Shares

Through 2020, the TRM applications market is expected to reach $3.4 billion by 2020, compared with $2.7 billion in 2015 at a compound annual growth rate of 4.9%.

Exhibit 2: Worldwide TRM Software Market 2015-2020 Forecast, $B
Year201520202015-2020 CAGR, %
Total265533754.90%

Source: Apps Run The World, June 2016

TRM Market Definitions And Forecast Assumptions

Treasury and Risk Management applications covers standalone and/or integrated products that automate business processes to support corporate treasury operations (including the treasuries of financial services enterprises) with the corresponding financial institution functionality and optimize related cash management, deal management, and risk management functions.

Financial services remain TRM’s biggest buyers, FIS’ purchase of SunGard forming a juggernaut in TRM will reshape the marketplace.

Top 10 TRM Software Vendors

Here are the rankings of the top 10 TRM software vendors in 2015 and their market shares in 2015.

RankVendor2014 TRM Apps Revenues, $M2015 TRM Apps Revenues, $MYoY Growth2015 TRM Market Share, %Recent Developments
1FIS Global Subscribe Subscribe-2%13%Acquired SunGard Data Systems in late 2015 for its complementary range of products and services in Capital Markets, Wealth and Asset Management, and Risk Management to financial institutions and businesses worldwide
2Misys Subscribe Subscribe3%12%Signed HP Enterprise in deal to put FusionCapital for post-trade processing in the cloud.
3Murex Subscribe Subscribe10%10%Bolstered risk management solutions with Enterprise FRTB designed to help banks meet the Basel committee’s compliance deadline of January 1, 2019.
4ION Trading Subscribe Subscribe4%10%ION’s move to deleverage appears to be paying off as ratings on its loans remain stable.
5SAP Subscribe Subscribe23%5%Treasury management is one of the key modules within SAP’s new ERP suite S/4 HANA.
6IBM Subscribe Subscribe-4%3%IBM Algorithmics focuses on risk management solutions, having divested its collateral management apps to SmartStream in 2015.
7Reval Subscribe Subscribe18%3%Ramped up Treasury and Risk Management offerings for mid-market and Asia expansion.
8Open Link Financial, Inc. Subscribe Subscribe14%3%Former CEO of Digital Insight John O’Malley was named CEO of OpenLink.
9Wolters Kluwer Subscribe Subscribe13%3%Formed Tax & Accounting North America unit in 2016 to combine tax and accounting apps under one roof.
10EdgeVerve Subscribe Subscribe-6%3%Infosys Finacle pitches Cloud-first banking as well as an connected ecosystem of financial and non-financial entities to take advantage of open banking services for general population at large.
Subtotal Subscribe Subscribe5%65%
Other Subscribe Subscribe4%35%
Total Subscribe Subscribe5%100%

Source: Apps Run The World, June 2016

Exhibit 1: Worldwide Enterprise Applications Market Forecast 2015-2020, By Functional Market, $M

Exhibit 4 Worldwide Enterprise Applications Market Forecast 2015-2020, By Functional Market, $M
Exhibit 4 Worldwide Enterprise Applications Market Forecast 2015-2020, By Functional Market, $M

TRM Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in TRM applications based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest TRM software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these TRM customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

DON’T MISS OUR CUSTOMER DATABASE

VendorCustomer WinIndustryNo. of employeesRevenue, $MOld ProductNew ProductWins in
EdgeVerveAl Ahli Bank of KuwaitBanking and Financial Services1500425MisysInfosys Finacle1Q16
EdgeVerveAlbarakaBanking and Financial Services1300275TemenosInfosys Finacle1Q16
EdgeVerveAsia Green Development BankBanking and Financial Services1700200Legacy SystemInfosys Finacle2Q16
EdgeVerveBank Leumi PLCBanking and Financial Services22557Misys MidasInfosys Finacle1Q16
EdgeVervePaytmInternet3000330Legacy SystemInfosys Finacle2Q16
FIS GlobalCITBanking and Financial Services47402890Jack Henry and AssociatesFIS IBS Core Processing Platform4Q15
FIS GlobalCitizens BankBanking and Financial Services179004530Legacy SystemFIS Core Banking2Q16
FIS GlobalDallas Capital BankBanking and Financial Services505Legacy SystemFIS Digital Banking, FIS Mobile Banking1Q16
FIS GlobalEmprise BankBanking and Financial Services50070FiservFIS Core Banking1Q16
FIS GlobalEvans BankBanking and Financial Services22025Legacy SystemFIS Core Banking2Q15
FIS GlobalLandmark BankBanking and Financial Services700130FiservFIS Digital Banking4Q15
FIS GlobalLos Alamos National BankBanking and Financial Services31045In-House Legacy SystemFIS Core Banking4Q15
FIS GlobalNational Bank HoldingsBanking and Financial Services956162Legacy SystemFIS Core Banking3Q15
FIS GlobalState Bank of IndiaBanking and Financial Services22203338000Tata Consultancy Services (TCS) BaNCS Core BankingFIS Core Banking1Q16
FIS GlobalWestwood Holdings Group Inc.Investment Management130170InfovisaFIS Core Banking4Q15
IBMBNY MellonBanking and Financial Services5120015194AlgorithmicsIBM Algo Collateral Management3Q15
IBMEuropean Investment BankBanking and Financial Services2900500Wall Street SystemsIBM Algo Risk1Q15
IBMGeneraliBanking and Financial Services7700073100MisysIBM Algo Risk3Q15
IBMNationwide InsuranceInsurance3400040222OpenLinkIBM OpenPages3Q15
IBMSkandinavisk Data CenterComputer Software1200245MisysIBM Algo Risk2Q16
IBMWestpacBanking and Financial Services3262016230MisysIBM OpenPages1Q16
MisysHabib BankBanking and Financial Services140001100MisysMisys FusionBanking4Q15
MisysIDFC BankBanking and Financial Services1220120MisysMisys FusionBanking4Q15
MisysPVcomBankBanking and Financial Services2845230TemenosMisys FusionBanking4Q15
MisysTechcombankBanking and Financial Services7500750TemenosMisys FusionCapital1Q16
MisysThe United Bank of EgyptBanking and Financial Services1000500MisysMisys FusionBanking1Q16
MisysTrade Bank of IraqBanking and Financial Services10015MisysMisys FusionBanking1Q16
MisysVirtus PartnersBanking and Financial Services25030FIS GlobalMisys FusionBanking1Q16
MurexDZ BankBanking and Financial Services295966810MurexMurex1Q16
MurexJefferiesInvestment Banking35573275Wolters KluwerMurex2Q15
MurexTD BankBanking and Financial Services260008024Legacy SystemMurex1Q16
MurexTD SecuritiesBanking and Financial Services3000500Wall Street SystemsMurex1Q15
MurexWestpac Institutional BankBanking and Financial Services3262016100CalypsoMurex4Q15
Open Link Financial, Inc.Banco OriginalBanking and Financial Services75087Legacy SystemOpenLink Findur2Q16
Open Link Financial, Inc.Bayerische LandesbankBanking and Financial Services7082700OpenLinkOpenLink Findur2Q16
Open Link Financial, Inc.Etihad AirwaysAirlines/Aviation197007600IT2 Treasury SolutionsOpenLink Findur2Q16
Open Link Financial, Inc.Federal Home Loan Bank of TopekaBanking and Financial Services22010TPG SoftwareOpenLink Findur2Q16
Open Link Financial, Inc.Romande EnergieUtilities740590BellinOpenLink Findur1Q16
Open Link Financial, Inc.Superior Plus Energy ServicesOil & Energy1100570Legacy SystemOpenLink Findur2Q16
RevalAmcorPackaging and Containers280009500Legacy SystemReval Cloud Platform4Q14
RevalHong Kong Aviation CapitalUtilities1000500Legacy SystemReval Cloud Platform1Q15
RevalMission Rock Residential, LLCReal Estate50080Legacy SystemReval Cloud Platform2Q16
RevalOrtho Clinical DiagnosticsMedical Devices38001700SAPReval Cloud Platform4Q15
RevalScenicLeisure, Travel & Tourism30050Legacy SystemReval Cloud Platform3Q15
RevalSnowy HydroHealthcare1000500Legacy SystemReval Cloud Platform4Q14
SAPAl-Sayer GroupAutomotive1000500Legacy SystemSAP TRM1Q16
SAPJVL Agro IndustriesFood Production1600660Legacy SystemSAP TRM3Q15
SAPRocheBiotechnology9175049200Legacy SystemSAP TRM4Q15
SAPSigma AldrichBiotechnology96002785Legacy SystemSAP TRM4Q14
SAPUOL-Universo On-LineInternet2500700Legacy SystemSAP TRM4Q14
SAPVDL WewelerAutomotive15020Legacy SystemSAP TRM4Q14
SAPWiproInformation Technology and Services1729127735Legacy SystemSAP TRM4Q15
Wolters KluwerBanco SantanderBanking and Financial Services5057823800MurexOneSumX Regulatory Reporting solution1Q16
Wolters KluwerBank BGŻ BNP ParibasBanking and Financial Services75902290Legacy SystemOneSumX for risk management2Q16
Wolters KluwerBank Pocztowy S.A.Banking and Financial Services1417110Misys Kondor+OneSumX for risk management1Q16
Wolters KluwerHousing and Development BankBanking and Financial Services2500270Sungard AMBITOneSumX for risk management1Q16
Wolters KluwerTaiwan Business BankBanking and Financial Services479518030Misys Kondor+OneSumX Regulatory Reporting solution2Q16

Source: Apps Run The World, July 2016

Further Readings

An expanded version of this report covers the top 50+ TRM vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.

We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2014-2015 product revenues.

Their 2015 results are being broken down, sorted and ranked across 16 functional areas(from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Definition Of Treasury And Risk Management (TRM) Applications

Treasury and Risk Management applications are designed to automate corporate and banking functions pertaining to managing cash and liquidity, identifying and measuring financial risks as well as other assets, collaterals and underlying instruments that could impact an organization’s ability to sustain itself financially and operationally, while meeting regulatory requirements.

Schematic View of Treasury and Risk Management Applications and Their Functions
Schematic View of Treasury and Risk Management Applications and Their Functions

The market for treasury and risk management applications covers standalone and/or integrated products that automate business processes to support corporate treasury operations (including the treasuries of financial services enterprises) with the corresponding financial institution functionality and optimize related cash management, deal management, and risk management functions as follows:

  • Cash management automation includes both discrete and interlocking treasury processes involving electronic payment authorization, bank relationship management, cash forecasting, and others.
  • Deal management automation includes processes for the implementation of trading controls, the creation of new instruments and asset classes, market data interface from manual or third-party sources, and others.
  • Risk management automation includes performance analysis, various metrics calculations used in fixed-income portfolio analysis, market-to-market valuations, energy trading and risk management, and compliance with regulations and standards such as Basel III, Dodd Frank, European Market Infrastructure Regulation, Financial Accounting Standard, International Financial Reporting Standards, Single European Payments Area, Solvency II, and others.


Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world. The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.

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