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Personal Finance Software Market 2022 Analysis by Prominent Players, Growth Rate (5.30%),


Personal Finance Software Market 2022 Analysis by Prominent

IMARC Group has recently released a new research study titled “Personal Finance Software Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

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How big is Personal Finance Software Industry?

The global personal finance software market size reached US$ 1.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.58 Billion by 2027, exhibiting a growth rate (CAGR) of 5.30% during 2022-2027.

What is Personal Finance Software?

Personal finance software represents an advanced solution that is specifically designed for integrating, interpreting, and segregating information related to the financial data of a user. It involves banking, budgeting, mortgages, investments, retirement, tax and estate plans, etc. Personal finance software assists in organizing the budget, accounting finances, and making financial decisions to meet long-term financial goals. In line with this, it aids users in managing bank records, monitoring transactions, and preventing interest on late payments by providing scheduled reminders for bills and deposits. Presently, personal finance software is categorized into web-based and mobile-based types.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the key industry trends of the global personal finance software market?

The escalating demand for secured and personalized digital services is augmenting product adoption across small and medium-sized enterprises (SMEs) that help in tracking assets or liabilities, creating datasheets, drafting tax reports, etc. This, in turn, is primarily driving the personal finance software market.

Additionally, the rising utilization of blockchain solutions by the government bodies across several countries in the software for adding other security layers to ensure the safety of credit cards, personal finance, investments information, etc., is further catalyzing the market growth. Besides this, the inflating need among businesses for coping with financial challenges, on account of the sudden outbreak of the COVID-19 pandemic, is acting as another significant growth-inducing factor.

Moreover, the growing integration of the Internet of Things (IoT), big data, and artificial intelligence (AI) solutions for examining consumer behavior and communicating with users via chatbots is anticipated to fuel the personal finance software market over the forecasted period.

Key Market Segmentation:

The report has segmented the market on the basis of region, product type and end user.

Breakup by Product Type:
• Web-based Software
• Mobile-based Software

Breakup by End User:
• Small Business
• Individual Consumers

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• 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
• You Need a Budget.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.



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