Personal finance software is the tool that manages bank accounts, income, investments, expenditure, and all financial transactions of an individual on a PC or smartphone. It manages the monthly expenses efficiently and able to track transactions and alert the user when a problem arises. The growing penetration of smartphones coupled with the increasing adoption of personal finance software to bolsters financial literacy and eliminates confusion are triggering the demand for the personal finance software market.
MARKET DYNAMICS
A growing need for advanced financial tools, increasing requirements to track and manage income, and growth in the use of mobile applications is anticipating the growth of the personal finance software market. However, the availability of open-source software and low awareness about personalized financial products and services are the major restraints for the growth of the personal finance software market. On the contrary, technological advancement and low-cost products are increasing the adoption of personal finance software among developing countries are expected to provide lucrative opportunities for personal finance software market expansion.
MARKET SCOPE
The "Global Personal Finance Software Market Analysis to 2028"? is a specialized and in-depth study of the Personal finance software industry with a special focus on the global market trend analysis. The report aims to provide an overview Personal finance software market with detailed market segmentation as type, end-user, and geography. The global personal finance software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading personal finance software market players and offers key trends and opportunities in the personal finance software market.
MARKET SEGMENTATION
The global personal finance software market is segmented on the basis of type, end-user. On the basis of type the market is segmented as web-based, mobile-based. On the basis of end-user the market is segmented as small businesses users, individual consumers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Personal finance software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The personal finance software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting personal finance software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the personal finance software market in these regions.
MARKET PLAYERS
The reports cover key developments in the personal finance software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Personal finance software market are anticipated to lucrative growth opportunities in the future with the rising demand for Personal finance software in the global market. Below mentioned is the list of few companies engaged in the Personal finance software market.
The report also includes the profiles of key personal finance software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Buxfer Inc.
- Intuit, Inc.
- Microsoft Corporation
- Money Dashboard Ltd.
- Moneyspire Inc.
- Personal Capital Corporation
- PocketSmith Ltd.
- Quicken Inc.
- The Infinite Kind
- You Need A Budget LLC (YNAB)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.