Public Financial Management System Software Market

Public financial management (PFM) systems centralize all fiscal functions of a government agency. These platforms manage accounting, budgeting, treasury, and auditing tasks that concern public money. PFM systems are essential for efficient collection, management, and expenditure of finances within an economy, which ultimately leads to improved trust and quality of life for citizens. While each government operates under a different set of laws and processes, PFM systems help governments provide effective public services, allocate resources strategically, and ensure continued market growth. These platforms connect multiple data inputs from various departmental systems to ensure all funds and budgets are accounted for when assessing overall financial health.
Public Financial Management System Software Market contains market size and forecasts of Public Financial Management (PFM) System Software in Global, including the following market information:
Global Public Financial Management (PFM) System Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Public Financial Management (PFM) System Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Public Financial Management (PFM) System Software include Tyler Technologies, Cogitate, OpenGov, Logics Solutions, Salesforce, Harris Local Government, Red Wing Software, CentralSquare Technologies and Cleargov, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Public Financial Management (PFM) System Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Public Financial Management (PFM) System Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Public Financial Management (PFM) System Software Market Segment Percentages, by Type, 2021 (%)
Cloud-Based
On-Premises
Global Public Financial Management (PFM) System Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Public Financial Management (PFM) System Software Market Segment Percentages, by Application, 2021 (%)
Accounting
Budgeting
Treasury
Auditing
Other
Global Public Financial Management (PFM) System Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Public Financial Management (PFM) System Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Public Financial Management (PFM) System Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Public Financial Management (PFM) System Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Tyler Technologies
Cogitate
OpenGov
Logics Solutions
Salesforce
Harris Local Government
Red Wing Software
CentralSquare Technologies
Cleargov
Dig It International
Freebalance
LG Software Solutions
Ccas
MAGIQ Software
Dallas Data Systems
Questica
Bellamy Software
Rock Solid
Springbrook
Integrated Technology Group (ITG)
Business Management Systems