Personal Finance Software Market Size - By Tool, End User, Deployment, Type & Global Forecast, 2023

Description

List of Tables

Personal Finance Software Market size is poised to expand at over 5% CAGR from 2023 to 2032 driven by the widespread adoption of online payment systems and digital transactions along with the subsequent need for secure and efficient personal finance software.

The growing obligation for instant access to financial data, personalized recommendations, and comprehensive financial planning solutions is escalating the significance of personal finance software, providing lucrative growth opportunities to the industry participants. For instance, in April 2023, P&N Group's BCU Bank subsidiary launched a personal financial management app to provide its customers more control over their money. Moreover, the surging emphasis on customized financial planning, risk assessment, and goal-based financial management will contribute to increasing product acceptance.

The personal finance software industry is categorized by tool, deployment, type, end user, and region.

Based on tool, the market share from the investment tracking software segment is projected to gain significant traction between 2023 and 2032. This is due to the increasing demand for comprehensive investment management tools and solutions for catering to the diverse investment portfolios of individuals and businesses. Moreover, the ability of investment management tools to provide real-time tracking, analysis, and performance evaluation of investment activities along with portfolio optimization and risk assessment functionalities will drive the segment growth.

Personal finance software market will witness remarkable growth from the enterprises end-use segment in 2022 and is estimated to exhibit lucrative growth rate between 2023 and 2032. The demand for streamlined financial operations, enhanced transparency, and efficient resource allocation is contributing to the rising adoption of personal finance software across enterprises.

Additionally, several industry participants are investing on advancing the abilities of the software to provide real-time financial insights, facilitate data-driven decision-making, and ensure compliance with regulatory standards, augmenting the segment growth. For instance, in September 2023, Intuit, a global financial technology platform, unveiled Intuit Assist, a Generative AI-powered personal financial assistant to provide tailored financial suggestions to small companies and consumers.

Regionally, the Asia Pacific personal finance software industry registered substantial growth in 2022 and is estimated to expand at robust CAGR through 2032 driven by the rising awareness of financial planning and the growing emphasis on individual wealth management. Furthermore, the expanding population of tech-savvy millennials and the burgeoning middle-class demographic will fuel the demand for user-friendly and intuitive personal finance software solutions across APAC.

Product Code: 6646

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Machine translation market 360 degree synopsis, 2018 - 2032
2.2 Regional trends
2.3 Communication type trends
2.4 Deployment trends
2.5 End-user trends

Chapter 3 Personal Finance Software Market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Tool & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Massive IoT expansion
  - 3.10.1.2 Rising need for enhanced connectivity
  - 3.10.1.3 Increasing adoption of mobile devices
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High infrastructure costs
  - 3.10.2.2 Limited coverage and range
3.11 Profit margin analysis
3.12 Vendor matrix analysis
3.13 Growth potential analysis
3.14 Porter's analysis
3.15 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Quicken Inc.
- 4.3.2 Intuit, Inc. (Mint)
- 4.3.3 You Need A Budget LLC
- 4.3.4 Doxo Inc.
- 4.3.5 Money Dashboards
- 4.3.6 Moneyspire Inc.
- 4.3.7 Empower (Formerly Personal Capital)
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Personal Finance Software Market Estimates & Forecast, By Tool

5.1 Key trends, by tool
5.2 Budgeting Software
5.3 Tax Software
5.4 Investment Tracking Software
5.5 Retirement Planning Software
5.6 Others

Chapter 6 Personal Finance Software Market Estimates & Forecast, By Deployment

6.1 Key trends, by deployment
6.2 Cloud
6.3 On-premise

Chapter 7 Personal Finance Software Market Estimates & Forecast, By Type

7.1 Key trends, by Type
7.2 Desktop based
7.3 Mobile based

Chapter 8 Personal Finance Software Market Estimates & Forecast, By End User

8.1 Key trends, by end user
- 8.1.1 Individual
- 8.1.2 Financial Institutions
- 8.1.3 Enterprises

Chapter 9 Personal Finance Software Market Estimates & Forecast, By Region

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 Quicken Inc.
10.2 Moneydance
10.3 Intuit, Inc. (Mint)
10.4 You Need A Budget LLC
10.5 Buxfer Inc.
10.6 Doxo Inc.
10.7 Money Dashboards
10.8 Moneyspire Inc.
10.9 Pocket Smith Ltd.
10.10 Empower (Formerly Personal Capital)
10.11 Tiller Money
10.12 Banktree
10.13 HomeBank
10.14 AceMoney Lite