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Global Personal Finance Software Market: By Product Type: Web-Based Software, Mobile-Based Software; By End User: Small Business Users, Individual Consumers; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Personal Finance Software Market Outlook

The global personal finance software market attained a value of about USD 1.07 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.7% to reach nearly USD 1.49 billion by 2026.

 

Global Personal Finance Software Market

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Rising Adoption of Personal Finance Software in Small Business is Augmenting the Personal Finance Software Industry

The surging adoption of personal finance software in managing small businesses is propelling the industry growth. Personal finance software can track all the liabilities and assets effectively in a balance sheet. It also enables business owners to focus on business without spending much time on taxes as personal finance software can create tax reports on business income, deductions, and expenses, thereby accelerating the market growth. Moreover, it can aid in creating a custom report for tax schedules, which is invigorating the growth of the personal finance software industry. It tracks bills and invoices automatically as receivables and payables. Hence, it can speed up the workflow, due to which it is increasingly used in managing small businesses, therefore providing further impetus to the industry growth.

The increasing smartphone penetration and the growing demand for effective financial solutions are augmenting the market growth for personal finance software. Personal finance software enables consumers to discover all their transactions and accounts simultaneously. Moreover, it reviews consumers’ transactions to ensure legitimacy and prevent fraud. The rising demand to manage personal finance owing to the increasing asset ownerships by the emerging middle class is also propelling the market growth. In addition, the use of various anti-virus and anti-malware solutions in personal finance software to enhance security is also increasing its adoption, therefore fuelling the market growth.

 

Personal Finance Software: Market Segmentation

Personal finance software is software that manages one’s savings, investments, and spending automatically. It can also aid in banking, mortgages, retirement planning, budgeting, and tax and estate planning. It assesses one’s financial situation and provides details for accomplishing financial goals effectively. Personal finance software can prevent interest on late payments by providing scheduled reminders for deposits, bills, and paychecks, among others.

 

Global Personal Finance Software Market by Segment

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The major product types of personal finance software are:

  • Web-Based Software
  • Mobile-Based Software

The market can be broadly categorised on the basis of its end users into:

  • Small Business Users
  • Individual Consumers

The EMR report looks into the regional markets of personal finance software like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Personal Finance Software Market by Region

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Technological Advancements to Bolster the Market Growth for Personal Finance Software

The integration of the latest technologies in personal finance software is revolutionising the industry. It enables developers to personalise and customise the software as per consumers’ demands, which is consequently aiding the market growth. This is increasing the deployment of artificial intelligence (AI) and Big Data to understand consumers’ behaviour to deliver a personalised experience to the consumer. Moreover, the use of artificial intelligence to interact with consumers and provide instant response and quick complaint resolution, and to improve the experience of consumers is increasing the adoption of personal finance software, therefore propelling the industry growth. The integration of blockchains in the software to increase the security and safety of confidential information of personal finances, credit cards, and investments, among others, is expected to augment the market growth for personal finance software.

The COVID-19 pandemic has significantly boosted the reliability of technology owing to stay-at-home orders and stringent lockdown regulations. The pandemic has severely impacted the economies of major countries, leading to rising unemployment rates and surging financial insecurity. This is increasing the demand for personal finance software as more people are analysing their spending habits. In addition, the increasing remote investments to ensure financial security due to the pandemic is further invigorating the growth of the personal finance software industry growth.

 

Key Industry Players in the Global Personal Finance Software Market

The report presents a detailed analysis of the following key players in the global personal finance software market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Quicken Inc.
  • The Infinite Kind
  • You Need A Budget LLC
  • Microsoft Corporation 
  • Moneyspire INC. 
  • Pocketsmith Ltd. 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End User, Region
Breakup by Product Type Web-Based Software, Mobile-Based Software
Breakup by End User Small Business Users, Individual Consumers
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Quicken Inc., The Infinite Kind, You Need A Budget LLC, Microsoft Corporation, Moneyspire INC., Pocketsmith Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Personal Finance Software Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Personal Finance Software Historical Market (2018-2022) 
    8.3    Global Personal Finance Software Market Forecast (2023-2028)
    8.4    Global Personal Finance Software Market by Product Type
        8.4.1    Web-Based Software
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Mobile-Based Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Personal Finance Software Market by End User
        8.5.1    Small Business Users
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Individual Consumers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Personal Finance Software Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Personal Finance Software Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Personal Finance Software Market  Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Personal Finance Software Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Personal Finance Software Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Personal Finance Software Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Quicken Inc. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    The Infinite Kind 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    You Need A Budget LLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Microsoft Corporation 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Moneyspire INC. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Pocketsmith Ltd. 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Personal Finance Software Market: Key Industry Highlights, 2018 and 2028
2.    Global Personal Finance Software Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Personal Finance Software Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Personal Finance Software Historical Market: Breakup by End User (USD Million), 2018-2022
5.    Global Personal Finance Software Market Forecast: Breakup by End User (USD Million), 2023-2028
6.    Global Personal Finance Software Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Personal Finance Software Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Personal Finance Software Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Personal Finance Software Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Personal Finance Software Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Personal Finance Software Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Personal Finance Software Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Personal Finance Software Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Personal Finance Software Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Personal Finance Software Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Personal Finance Software Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Personal Finance Software Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Personal Finance Software Market Structure

Key Questions Answered in the Report

In 2020, the global personal finance software market attained a value of nearly USD 1.07 billion.

The market is projected to grow at a CAGR of 5.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1.49 billion by 2026.

The industry is being aided by the rising adoption of personal finance software by small business users and the growing demand to manage personal finance easily by consumers due to increasing asset ownership.

The market is expected to be driven by technological advancements, the increasing reliance on technology owing to the coronavirus pandemic, and the surging financial insecurity due to rising unemployment rates.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of personal finance software in the industry are web-based software and mobile-based software.

The significant end users in the market are small business users and individual consumers.

The major players in the industry are Quicken Inc., The Infinite Kind, You Need A Budget LLC, Microsoft Corporation, Moneyspire INC., and Pocketsmith Ltd., among others.

Analyst Review

The global personal finance software market attained a value of approximately USD 1.07 billion in 2020, driven by the rising adoption of personal finance software by small business users. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.7%. The market is projected to reach about USD 1.49 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the personal finance software industry can be segmented into web-based software and mobile-based software. On the basis of end uses, the industry is divided into small business users and individual consumers. The major regional markets for personal finance software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Quicken Inc., The Infinite Kind, You Need A Budget LLC, Microsoft Corporation, Moneyspire INC., and Pocketsmith Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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