DUBLIN–(BUSINESS THREAD)–The “Personal Finance Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the report has been added ResearchAndMarkets.com’s offers
The global personal finance software market reached a value of US$ 1.14 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$ 1.58 billion by 2027 , showing a CAGR of 5.59% during 2021-2027.
Alzex Software BankTree Software Limited Buxfer Inc. Count About Microsoft Corporation Money Dashboard Ltd. Moneyspire Inc. Personal Capital Corporation (Empower Retirement) PocketSmith Ltd. Quicken Inc. The Infinite Kind
Given the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major contributor to the market.
Personal finance software refers to an advanced solution designed to integrate, interpret and segregate information related to a user’s financial data. It involves budgets, banking, insurance, mortgages, investments, retirement and tax and estate planning. These programs help you organize your budget, account for finances, and make financial decisions to achieve long-term financial goals. In addition to this, personal finance software helps users track transactions, manage bank records, monitor investments and prevent late payment interest by providing scheduled reminders for bills and deposits. Currently, it is classified into web-based and mobile-based software types.
The growing demand for secure and personalized digital services has driven the widespread adoption of personal finance software by small and medium-sized businesses (SMBs). These solutions help in tracking assets or liabilities, creating data sheets and writing tax reports, which in turn is positively stimulating the growth of the market.
In line with this, significant technological advances such as the integration of big data, Internet of Things (IoT) and artificial intelligence (AI) solutions are achieved to examine consumer behaviour, deliver a personalized experience and communicate with users through chatbots. acts as another growth-inducing factor. This is further supported by the government of various countries incorporating blockchain solutions into the software to add other layers of security to ensure the safety of credit cards, personal finance and investment information.
In addition, the growing need for businesses to address financial challenges, especially during the ensuing implementation of mandatory lockdowns due to the sudden outbreak of the coronavirus disease (COVID-19) pandemic, is further driving the market growth. Apart from this, the launch and growing use of personal finance apps by banking, financial services and insurance (BFSI) institutions to provide better customer support and offerings is creating a positive outlook for the market
Key questions answered in this report:
How has the global personal finance software market fared so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global personal finance software market? What are the main regional markets? What is the breakdown of the market by product type? What is the market breakdown by end user? What are the different stages of the industry value chain? What are the main driving factors and challenges in the sector? What is the structure of the global Personal Finance Software market and who are the key players? What is the level of competition in the sector?
Key topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key trends in the sector
5 Global Personal Finance Software Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market forecast
6 Market distribution by product type
7 Market division by end user
8 Market breakdown by region
9 SWOT analysis
10 Analysis of the value chain
11 Analysis of Porters’ five forces
12 Price analysis
13 Competitive landscape
13.1 Market structure
13.2 Key actors
13.3 Profiles of key players
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