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The global personal finance software market reached a value of US$ 1.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.58 Billion by 2027, exhibiting a CAGR of 5.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Personal finance software refers to an advanced solution that is designed for integrating, interpreting, and segregating information related to the financial data of a user. It involves budgeting, banking, insurance, mortgages, investments, retirement, and tax and estate plans. These programs aid in organizing the budget, accounting finances, and making financial decisions to meet long-term financial goals. In addition to this, personal finance software assists users in tracking transactions, managing bank records, tracing investments, and preventing interest on late payments by providing scheduled reminders for bills and deposits. At present, it is categorized into web-based and mobile-based software types.
The increasing demand for secured and personalized digital services has prompted the widespread adoption of personal finance software across small and medium-sized enterprises (SMEs). These solutions help track assets or liabilities, create datasheets, and draft tax reports., which, in turn, is positively stimulating market growth. In line with this, significant technological advancements, such as the integration of big data, the Internet of Things (IoT), and artificial intelligence (AI) solutions for examining consumer behavior, delivering a personalized experience, and communicating with users through chatbots, is acting as another growth-inducing factor. This is further supported by the incorporation of blockchain solutions by the government of various countries in the software for adding another security layers to ensure the safety of credit cards, personal finance, and investments information. Additionally, the rising need amongst businesses to cope with financial challenges, especially during the consequent implementation of mandatory lockdowns due to the sudden outbreak of coronavirus disease (COVID-19) pandemic, is further propelling the market growth. Apart from this, the escalating launch and uptake of personal finance applications by the bank, financial services, and insurance (BFSI) institutions for providing better customer assistance and offers is creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global personal finance software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alzex Software, BankTree Software Limited, Buxfer Inc., CountAbout, Microsoft Corporation, Money Dashboard Ltd., Moneyspire Inc., Personal Capital Corporation (Empower Retirement), PocketSmith Ltd., Quicken Inc., The Infinite Kind and You Need a Budget.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Alzex Software, BankTree Software Limited, Buxfer Inc., CountAbout, Microsoft Corporation, Money Dashboard Ltd., Moneyspire Inc., Personal Capital Corporation (Empower Retirement), PocketSmith Ltd., Quicken Inc., The Infinite Kind and You Need a Budget.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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