Reports

Sale

United States Personal Finance Software Market

United States Personal Finance Software Market Size, Share: By Product Type: Web Based, Mobile Based; By End Use: Commercial, Individual Consumers; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

United States Personal Finance Software Market Outlook

The United States personal finance software market size attained a value of USD 284.76 million in 2023. The market is expected to grow at a CAGR of 5.5% between 2024 and 2032 to reach almost USD 461.91 million by 2032.

 

Key Takeaways:

  • According to the Consumer Financial Protection Bureau, 35% of individuals without emergency savings prioritise financial security for saving, whereas 69% with at least one month's worth of emergency funds prioritise financial security.
  • In 2022, the Federal Deposit Insurance Corporation recorded 69,905 US bank branches.
  • An increasing number of states in America are enforcing the inclusion of personal finance education in high school curricula as a graduation prerequisite, thus boosting the United States personal finance software market.

 

Personal finance software is a tool crafted to arrange and evaluate an individual's financial data, thereby assisting in enhanced financial planning. It amalgamates diverse financial information to offer insights into expenditure patterns, budgeting, monitoring investments, and managing portfolios.

 

Additionally, it aids in tasks like overseeing bank records and monitoring financial transactions. Variations among different software options may encompass differences in features, transparency in coding, mobile application functionalities, methods for importing data, models for monetisation, and privacy protocols.

 

As per the United States personal finance market analysis, users can effortlessly connect bank accounts and cards to auto-import transactions, sparing manual entry. Analysing spending, identifying savings, tracking goals, bill reminders, and investment monitoring aid in informed financial decisions, enhancing planning and net worth evaluation. In 2022, the Federal Deposit Insurance Corporation reported a total of 69,905 bank branches in the United States, contributing to the expansion of the personal finance software market in the United States.

 

TOTAL BANK BRANCHES IN THE UNITED STATES

United States Personal Finance Software Market

 

Key Trends and Developments

The United States personal finance software market growth is driven by ease of management of income, budget-oriented lifestyle, and integration of IoT.

 

Date Company/Entity Event
December 2023 Quicken Unveiled Quicken Classic Business & Personal for Mac, merging business and personal finance tracking
November 2023 MoolahMate Ventures Inc. Introduced an innovative personal finance platform, streamlining the management of personal finances for users
October 2023 American states Mandating personal finance education for high school students as a graduation requirement
April 2023 P&N Group's BCU Bank Released a personal finance management application to offer its customers enhanced control and visibility over their finances

 

 

Trends Impact
Managing income Users can effortlessly sync bank accounts and cards to automate transaction categorisation, eliminating manual entry. Analysing spending patterns, identifying savings, and tracking goals aid informed decisions. It offers insights into income, expenses, net worth, investment performance, and cash flow, facilitating financial planning.
Budget-oriented lifestyle The heightened emphasis of companies on digitising financial services, along with the expanding internet user base, is creating a promising market landscape. Moreover, the increasing preference for budget-conscious living is fuelling the United States personal finance software market.
Digital services and applications The wide availability of digital services and mobile apps for personal finance management, along with advances in telecom infrastructure, offers promising opportunities for industry players. Moreover, the growing adoption of mobile banking, supported by real-time assistance and intuitive interfaces, fuels United States personal finance software market growth.
Integration of the internet of things (IoT) Incorporating IoT technology into personal finance software, which collects and analyses client data for valuable insights, accelerates decision-making, fostering market expansion. IoT payment platforms enable versatile invoice payment methods, enhancing customer experiences and streamlining transactions, driving market growth.

 

United States Personal Finance Software Market Trends

As per the United States personal finance software market report, this software enables users to monitor expenditures, establish budgets, and anticipate future costs. Variation exists among software concerning feature support, code transparency, mobile app capabilities, data import methods, monetisation models, and privacy measures.

 

Leading personal finance software streamlines income and expense management, facilitating improved financial balance. It simplifies personal financial management by minimising reliance on traditional methods like receipts and spreadsheets.

 

Market Segmentation

The United States Personal Finance Software Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Product Type Web Based, Mobile Based
End Use Commercial, Individual Consumers
Region New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West

 

Based on product type, United States personal finance software market share is led by mobile-based product

Mobile apps incorporating personal finance software ensure streamlined performance, offering advantages over web-based counterparts such as immediate online/offline accessibility, push notifications, productivity boosts, and cost-effectiveness, driving market expansion in this sector.

 

The increasing popularity of web-based software is attributed to its robust security features, integrating anti-virus and anti-malware solutions. Additionally, these programs allow users to input financial details like bank accounts, credit cards, loans, and debts, facilitating real-time transaction tracking. This is further driving the United States personal finance software market.

 

The ability of these software to amalgamate and segregate financial data for enhanced planning among the small business users is pushing the United States personal software market growth

It aids in recognising spending trends, facilitating debt management, and monitoring financial goals to empower business users in making informed decisions. It streamlines money management, aiding small business operators in overseeing operations and finances. Furthermore, it generates reports and invoices based on data.

 

Individual consumers utilise personal finance software to monitor income, expenses, credit cards, investments, and bank accounts via smartphones or computers. It efficiently manages financial transactions, helping individuals track monthly expenses.

 

Competitive Landscape

Market players are integrating IoT and keeping up with rapid digitisation to stay ahead in the market.

 

Company Year Founded Headquarters Specialisation
Microsoft Corporation 1975 Washington, United States Developing and marketing software, services, and hardware aimed at providing innovative solutions, improved convenience, and enriched experiences for individuals worldwide.
Quicken 1984 California, United States Offers a personal finance solution. Quicken Home and Business provides users with a consolidated view of their finances, requiring them to label business-related accounts and expenses to monitor profits, losses, tax deductions, and cash flow projections.
Buxfer, Inc. 2006 California, United States Offers online money management software tailored for personal finance needs, including account aggregation, budgeting, bill reminders, and financial forecasting.
CountAbout 2012 Wisconsin, United States Specialises in creating and enhancing online personal financial management solutions. Its platform facilitates banking, credit card, and financial transaction management services.

 

Other United States personal finance software market key players are Igg Software, Inc., Moneyspire Inc., PocketSmith Ltd, Doxo, Inc., You Need A Budget LLC among others.

 

United States Personal Finance Software Market Analysis by Region

The growing demand for finance and saving in the Southwest due to future goals is pushing the United States personal finance software market development.

 

"Attaining financial security" stands out as a key motivation for saving, particularly among consumers with ample emergency funds, especially prevalent in the Far West region.

 

The Consumer Financial Protection Bureau reported that 35% of people who don't have emergency savings see financial security as vital for saving, while 69% of those with at least one month's worth of emergency funds prioritize financial security.

 

SHARE OF RESPONDENTS WHO REPORTED EMERGENCIES, PAYING OFF DEBT, FINANCIAL SECURITY, AND RETIREMENT AS REASONS FOR SAVING

United States Personal Finance Software Market

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End Use
  • Region
Breakup by Product Type
  • Web Based
  • Mobile Based
Breakup by End Use
  • Commercial
  • Individual Consumers
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Microsoft Corporation
  • Quicken
  • Buxfer, Inc.
  • CountAbout
  • Igg Software, Inc
  • Moneyspire Inc.
  • PocketSmith Ltd
  • Doxo, Inc.
  • You Need A Budget LLC
  • 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
7    Opportunities and Challenges in the Market
8    United States Personal Finance Software Market Analysis

    8.1    Key Industry Highlights
    8.2    United States Personal Finance Software Historical Market (2018-2023) 
    8.3    United States Personal Finance Software Market Forecast (2024-2032)
9    United States Personal Finance Software Market by Product Type
    9.1    Web Based
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Mobile Based
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    United States Personal Finance Software Market by End Use
    10.1    Commercial
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Individual Consumers
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    United States Personal Finance Software Market by Region
    11.1    New England
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Mideast
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Great Lakes
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Plains
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Southeast
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Southwest
        11.6.1    Historical Trend (2018-2023)
        11.6.2    Forecast Trend (2024-2032)
    11.7    Rocky Mountain
        11.7.1    Historical Trend (2018-2023)
        11.7.2    Forecast Trend (2024-2032)
    11.8    Far West
        11.8.1    Historical Trend (2018-2023)
        11.8.2    Forecast Trend (2024-2032)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Value Chain Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Microsoft Corporation
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Quicken
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Buxfer, Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    CountAbout
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Igg Software, Inc
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Moneyspire Inc.
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    PocketSmith Ltd
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Doxo, Inc.
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    You Need A Budget LLC
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    United States Personal Finance Software Market: Key Industry Highlights, 2018 and 2032
2.    United States Personal Finance Software Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    United States Personal Finance Software Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    United States Personal Finance Software Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    United States Personal Finance Software Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    United States Personal Finance Software Historical Market: Breakup by Region (USD Million), 2018-2023
7.    United States Personal Finance Software Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    United States Personal Finance Software Market Structure

Key Questions Answered in the Report

In 2023, the personal finance software market in United States attained a value of nearly USD 284.76 million.

The market is projected to grow at a CAGR of 5.5% between 2024 and 2032.

The market is expected to witness a healthy growth in the forecast period of 2024-2032 to reach USD 461.91 million in 2032.

The personal finance software market is growing with ease of management of income, budget-oriented lifestyle, growing demand for digital services and apps and integration of IoT.

Based on the product type, the market is bifurcated into app-based and web based.

Key players in the industry are Microsoft Corporation, Quicken, Buxfer, Inc., CountAbout, Igg Software, Inc., Moneyspire Inc., PocketSmith Ltd, Doxo, Inc., and You Need A Budget LLC, among others.

Based on end use, the market is divided into commercial and individual consumers.

The major market areas include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER