Personal finance software is a tool designed to integrate the financial data of a user and segregate this information to deliver a desired analytical output for improved financial planning. This software tool utilizes variety of financial data as input and can be implemented for varied tasks such as financial transactions, bank records management, investment tracking, budget management, portfolio management, and others. Key industry players focus on development of advanced software tools to facilitate the trend of personalized financial planning.
Rise in need for advanced financial tools, technological advancements related to new product development, and availability of low-cost products drive the global personal finance software market. However, low awareness about personalized financial products and services is expected to impede the market growth. Increased adoption of personal finance software among developing economies offers a major opportunity for market expansion.
The global personal finance software market is segmented on the basis of product, end user, and region. Based on product, it is classified into web-based and mobile-based. Based on end user, it is divided into small businesses and home users. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global personal finance software market is dominated by key players such as Quicken Inc., The Infinite Kind, You Need A Budget LLC, Microsoft, Moneyspire Inc., doxo inc., Qapital, Inc., Personal Capital Corporation, Jumsoft, PocketSmith Ltd., and others.
- The study provides an in-depth analysis of the global personal finance software market and current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restrains, and opportunities is provided.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
- The quantitative analysis of the global market from 2017 to 2023 is provided to determine the market potential.
Personal Finance Software Market Key Segments:
By End User
- Small Businesses
- Home Users
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled In The Report
- Quicken Inc.
- The Infinite Kind
- You Need A Budget LLC
- Moneyspire Inc.
- doxo inc.
- Qapital, Inc.
- Personal Capital Corporation
- PocketSmith Ltd.