Request Discount

Personal Finance Software Market (Product Type - Web-based Software, and Mobile-based Software; End-user - Small Business, and Individual): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : ICT003100

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the personal finance software market provides in-depth analysis of segments and sub-segments in the global as well as regional personal finance software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional personal finance software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global personal finance software market. According to the report, the global personal finance software market is projected to grow at a CAGR of 6.33% over the forecast period of 2021-2027. The personal finance software market growing from nearly USD 1089 million in 2021 to about USD 1574 million in 2027

 

Market Insight

Personal finance software and apps are those that help in mastering the basics and become more efficient at managing money, and even help discover ways to meet long-term financial goals. Choosing the best personal finance software depends upon the current financial needs. Few personal finance software can help to master budgeting and expense tracking, while others will help with investment portfolio management. Moreover, the budget for the personal finance software market matters, too. There are companies in the market that offer the best personal finance software including free and paid options to suit a variety of financial goals. The best personal finance software allows one to organize and oversee all the finances-related activities, thereby helping cut down unnecessary costs and make informed decisions related to the business. The best personal finance software solutions can help to grow your savings and control your spending. The COVID-19 outbreak created various challenges for the business and its work affecting the economies of countries. To stabilize many banks started providing their customer with new digital tools & techniques as people could carry out their financial process without any disruption back from their homes because lockdowns were imposed by the governments which restricted the people from moving out of their houses which created opportunities for personal finance software growth during the pandemic condition. Furthermore, there was also a rise in online and mobile banking during the pandemic amongst the end-users providing growth potential for the personal finance software market. Many banks started implementing various strategies to support SMEs and consumers to adopt personal finance software

 

The rise in need for advanced financial tools, technological advancements related to new product development, and the availability of low-cost products to propel the market growth of the personal finance software market. Furthermore, an increase in the focus of organizations on digitization of their financial services and an increase in internet users across the globe to drive the growth of the market. Moreover, security and compliance-related issues in personal finance software and the availability of open-source finance software hinder the growth of the market. Furthermore, an increase in the adoption of personal finance software among industry verticals is anticipated to create numerous opportunities for market expansion

 

Among the regions, North America accounted for the largest share of the global personal finance software market. Owing to the early adoption of advanced technology and surge in adoption of personal finance software among end-users to dominate its market growth. The use of various anti-virus and anti-malware solutions in personal finance software to improve security is also increasing its adoption, therefore boosting the market growth. However, the Asia Pacific region is anticipated to grow at the highest rate in the global personal finance software market over the forecast period. owing to the development of financial technology as well as increased penetration of internet and mobile phones among emerging countries of Asia-Pacific such as China and India.


Personal Finance Software Market

 

Segment Covered

The report on the global personal finance software market covers segments such as product type, and end-user. On the basis of product type, the sub-markets include web-based software, and mobile-based software. On the basis of end-user, the sub-markets include small business, and individual.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Buxfer Inc, Doxo Inc, Money Dashboard, Microsoft Corporation, Moneyspire Inc, Personal Capital Corporation, PocketSmith Ltd, The Infinite Kind, You Need a Budget LLC, and Quicken Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the personal finance software market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount