Reliable Data You Can Trust
Reliable Data You Can Trust
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
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.
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.
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.
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.
Please Choose One of them.