NEW YORK, Sept. 14, 2022 /PRNewswire/ -- The personal finance software market size is expected to grow by USD 242.41 million between 2021 and 2026, accelerating at a CAGR of 4.24%. The report expects the market to observe significant growth in APAC during the forecast period. The increasing number of home businesses is creating significant opportunities for vendors operating in the region. Download Sample PDF Report Here to get an idea of the overall scope of the full report.
The market is primarily driven by the growing dependency on the internet. The penetration of the internet has substantially increased across the world. Many businesses and individuals rely on the internet for day-to-day activities and critical operations. Banks and payment card companies are encouraging customers to make online transactions and payments. In addition, many businesses are making huge investments in cloud services to store critical information on the web. The growing dependency on the internet has subsequently increased the security risks and threat of hacking. This has increased the adoption of personal finance software by end-users to ensure secure money transfers and effective management of money flow. All these factors are driving the growth of the market in focus.
As per Technavio, the availability of mobile applications will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.
Personal Finance Software Market: Availability of mobile applications
Improvements in communication services in rural areas have increased the penetration of mobile phones worldwide. In addition, the emergence of low-cost smartphones and the availability of low-cost data packages have increased the number of active internet users. To capitalize on this opportunity, vendors in the market are adopting mobile collaboration services to increase the profitability of their businesses. This trend is expected to have a positive impact on the growth of the global personal finance software market during the forecast period.
"The advent of SaaS-based application scheduling software and the availability of fully-automated solutions will further accelerate the growth of the market, says an analyst at Technavio.
Personal Finance Software Market: Segmentation Analysis
This market research report segments the personal finance software market by end-user (home business users and individual users), product (web-based software and mobile-based software), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
The North American region led the personal finance software market in 2021, followed by APAC, Europe, South America, and Middle East and Africa respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the high adoption of mobile-based personal finance software and the increasing market penetration of global vendors.
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Some of the key topics covered in the report include:
Market positioning of vendors
Personal Finance Software Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.24%
Market growth 2022-2026
USD 242.41 million
YoY growth (%)
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 43%
Key consumer countries
US, Canada, China, Japan, Germany, and Italy
Leading companies, competitive strategies, consumer engagement scope
Alzex software, BankTree Software Ltd, BUXFER Inc., CoinKeeper, CountAbout Corp., doxo Inc., Finicity Corp., HomeBank, Intuit Inc., MechCAD Software, Microsoft Corp., Money Dashboard Ltd., Moneyspire Inc., NCH SOFTWARE Pty Ltd., Personal Capital Corp., PocketSmith Ltd., Quicken Inc., The Infinite Kind, Tiller, and You Need a Budget LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Home business users - Market size and forecast 2021-2026
5.4 Individual users - Market size and forecast 2021-2026
5.5 Market opportunity by End-user
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 Web-based software - Market size and forecast 2021-2026
6.4 Mobile-based software - Market size and forecast 2021-2026
6.5 Market opportunity by Product
7 Customer Landscape
7.1 Customer landscape overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 North America - Market size and forecast 2021-2026
8.4 APAC - Market size and forecast 2021-2026
8.5 Europe - Market size and forecast 2021-2026
8.6 South America - Market size and forecast 2021-2026
8.7 Middle East and Africa - Market size and forecast 2021-2026
8.8 US - Market size and forecast 2021-2026
8.9 China - Market size and forecast 2021-2026
8.10 Japan - Market size and forecast 2021-2026
8.11 Germany - Market size and forecast 2021-2026
8.12 Canada - Market size and forecast 2021-2026
8.13 Italy - Market size and forecast 2021-2026
8.14 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 BankTree Software Ltd
11.4 BUXFER Inc.
11.5 MechCAD Software
11.6 Microsoft Corp.
11.7 Money Dashboard Ltd.
11.8 Moneyspire Inc.
11.9 Personal Capital Corp.
11.10 PocketSmith Ltd.
11.11 Quicken Inc.
11.12 The Infinite Kind
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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