It can be used in a variety of major industries including retail and wholesale, banking and finance, automation and manufacturing, healthcare and hospitality, technology and IT services, and others. CoConstructĬompare Who is it best for?The software has specifically been developed for the needs of small businesses, including new startups. United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, MexicoĪlzex 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. Report Coverage: Report FeaturesĪsia Pacific, Europe, North America, Latin America, Middle East and Africa 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. Our report has categorized the market based on product type and end user. 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. 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. 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. 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. 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. These solutions help track assets or liabilities, create datasheets, and draft tax reports., which, in turn, is positively stimulating market growth. 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). At present, it is categorized into web-based and mobile-based software types. 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. These programs aid in organizing the budget, accounting finances, and making financial decisions to meet long-term financial goals. It involves budgeting, banking, insurance, mortgages, investments, retirement, and tax and estate plans. 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. These insights are included in the report as a major market contributor. 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. 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. The global personal finance software market size reached US$ 1.14 Billion in 2021.
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