Personal Finance Software Market Size to Grow $1.57 Billion by 2027

NEW CASTLE, DE, UNITED STATES, October 31, 2024 /EINPresswire.com/ -- As per the report published by Allied Market Research, the global personal finance software market was pegged at $1.02 billion in 2019, and is expected to reach $1.57 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027.

Increase in mobile applications across the globe and rise in the need to track & manage income of consumers drive the global personal finance software market. However, security and compliance issues in personal finance software and availability of open-source finance software hinder the market growth. On the contrary, rapid adoption of personal finance software across the developing countries is expected to create lucrative opportunities for the market players in the coming years.

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Covid-19 scenario:

During such uncertain times, there is a significant increase in demand for personal finance software to manage bank accounts, investments, expenditure, and credit cards on a personal computer and smartphone.
However, the spike in unemployment across the globe have negatively affected the market.
The global personal finance software market is divided on the basis of product type, end user, and geography. Based on product type, the market is segmented into web-based software and mobile-based software. The web-based software segment held the largest share in 2019, accounting for more than half of the market. However, the mobile-based software segment is expected to manifest the highest CAGR of 6.4% during the forecast period.

On the basis of end user, the market is classified into small business and individual. The small business segment dominated the market in 2019, contributing to more than half of the market. However, the individual consumers segment is expected to portray the highest CAGR of 6.2% during the forecast period.

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The global personal finance software market is analyzed across various region including North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2019 in terms of revenue, holding more than two-fifths of the market. However, the market across Asia-Pacific is anticipated to register the highest CAGR of 7.0% during the forecast period.

"𝑴𝒐𝒃𝒊𝒍𝒆-𝒃𝒂𝒔𝒆𝒅 𝒔𝒐𝒇𝒕𝒘𝒂𝒓𝒆 𝒔𝒆𝒈𝒎𝒆𝒏𝒕 𝒊𝒔 𝒆𝒙𝒑𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒈𝒓𝒐𝒘 𝒂𝒕 𝒕𝒉𝒆 𝒉𝒊𝒈𝒉𝒆𝒔𝒕 𝒓𝒂𝒕𝒆 𝒅𝒖𝒓𝒊𝒏𝒈 𝒕𝒉𝒆 𝒇𝒐𝒓𝒆𝒄𝒂𝒔𝒕 𝒑𝒆𝒓𝒊𝒐𝒅, 𝒐𝒘𝒊𝒏𝒈 𝒕𝒐 𝒂𝒏 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒂𝒅𝒐𝒑𝒕𝒊𝒐𝒏 𝒐𝒇 𝒑𝒆𝒓𝒔𝒐𝒏𝒂𝒍 𝒇𝒊𝒏𝒂𝒏𝒄𝒆 𝒔𝒐𝒇𝒕𝒘𝒂𝒓𝒆 𝒃𝒚 𝒆𝒏𝒅-𝒖𝒔𝒆𝒓𝒔 𝒕𝒐 𝒆𝒏𝒔𝒖𝒓𝒆 𝒔𝒆𝒄𝒖𝒓𝒆 𝒎𝒐𝒏𝒆𝒚 𝒕𝒓𝒂𝒏𝒔𝒇𝒆𝒓𝒔 𝒂𝒏𝒅 𝒆𝒇𝒇𝒆𝒄𝒕𝒊𝒗𝒆 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒐𝒇 𝒎𝒐𝒏𝒆𝒚 𝒇𝒍𝒐𝒘."

The global personal finance software market report includes an in-depth analysis of the major market players such as Buxfer Inc., Money Dashboard, Doxo Inc., Moneyspire Inc., Microsoft Corporation, PocketSmith Ltd., Personal Capital Corporation, You Need a Budget LLC, The Infinite Kind, and Quicken Inc.

📝𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞:
Private Equity Market
https://www.alliedmarketresearch.com/private-equity-market-A06949
Life Reinsurance Market
https://www.alliedmarketresearch.com/life-reinsurance-market-A06698
Cash Advance Services Market
https://www.alliedmarketresearch.com/cash-advance-services-market-A10399
Cross-border Payments Market
https://www.alliedmarketresearch.com/cross-border-payments-market-A288119
Engineering Insurance Market
https://www.alliedmarketresearch.com/engineering-insurance-market-A14988
Mobile Banking Market
https://www.alliedmarketresearch.com/mobile-banking-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 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 of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of 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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