Financial Planning Software Market Growth with CAGR of 16.6% Implies to Reach Industry Size of USD 16.9 Billion by 2031

Financial Planning Software Market

NEW CASTLE, DELAWARE, UNITED STATES, October 10, 2023 /EINPresswire.com/ --  According to the report published by Allied Market Research, the global financial planning software market was estimated at $3.7 billion in 2021 and is expected to hit $16.9 billion by 2031, registering a CAGR of 16.6% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Rise in need to track & manage income of consumers and surge in mobile applications across the world drive the global financial planning software market. On the other hand, security and compliance issues in financial planning software and availability of open-source finance software restrain the growth to some extent. However, increased adoption of finance software among developing economies and rising number of high-net-worth individuals are expected to create lucrative opportunities in the industry.

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Covid-19 Scenario-

The outbreak of the pandemic led to rise in online and mobile banking among individuals, which impacted the global financial planning software market positively.
This trend is going to continue post pandemic as well, since many banks and FinTech industries have introduced various attractive banking strategies to support SMEs in terms of adopting financial planning software.
The global financial planning software market is analyzed across component, deployment mode, application, end user, and region. Based on component, the solution segment contributed to nearly three-fourths total market revenue in 2020, and is projected to lead the trail by 2031. The services segment, however, would exhibit the fastest CAGR of 20.3% during the forecast period.

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Based on end use, the large enterprises segment contributed to more than half of the total market revenue in 2020, and is projected to lead the trail by 2031. The individuals segment, on the other hand, would exhibit the fastest CAGR of 22.0% during the forecast period.

Based on region, the market across North America held the major share in 2021, garnering nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, would manifest the fastest CAGR of 19.5% throughout the forecast period.

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The key market players analyzed in the global financial planning software market report include eMoney Advisor, LLC, Moneytree Software, MoneyGuide, Inc., Miles Software, Orion Advisor Technology, Personal Capital Corporation, Advicent Solutions, SAP, RightCapital Inc., and Quicken Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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