AI Integration and Robo-Advisory Services Propel Demand for Financial Planning Software Worldwide

DUBLIN, Nov. 2, 2023 /PRNewswire/ -- The "Global Financial Planning Software Market 2023-2027" report has been added to  ResearchAndMarkets.com's offering.

The global financial planning software market is poised for significant expansion, with a projected increase of USD 4,693.41 million during the period from 2022 to 2027.

This anticipated growth reflects a substantial Compound Annual Growth Rate (CAGR) of 16.85% during the forecast period. The market's acceleration is primarily attributed to the increasing complexity of financial management, the rising number of high-net-worth individuals on a global scale, and growing awareness regarding the importance of financial planning.

Market Dynamics

The global financial planning software market analysis encompasses a comprehensive examination of market size and forecasts, industry trends, growth drivers, and challenges, along with a vendor analysis featuring approximately 25 vendors. The report provides an up-to-date analysis of the current market scenario, recent trends, drivers, and the overall market environment.

Market Segmentation

The global financial planning software market is segmented as follows:

By Component:

• Software
• Services

By Application:

• Financial advice and management
• Portfolio/accounting/trading management
• Wealth management
• Personal banking

By Geographical Landscape:

• North America
• Europe
• APAC (Asia-Pacific)
• South America
• Middle East and Africa

Key Findings

The incorporation of artificial intelligence (AI) technology into financial planning software is expected to be a key driver of market growth in the coming years. Additionally, the growing utilization of robo-advisory services and the increasing adoption of mobile and cloud-based financial planning solutions are anticipated to contribute to significant market demand.

Competitive Landscape

The report covers various companies operating in the financial planning software market, including:

• Accutech Systems Corp.
• AssetBook LLC
• BlackRock Inc.
• Ebix Inc.
• Economic Security Planning Inc.
• eMoney Advisor LLC
• Empower Annuity Insurance Co. of America
• Envestnet Inc.
• Fin365 Pty Ltd.
• Instream Solutions LLC
• InvestCloud Inc.
• Morningstar Inc.
• Nest Wealth Asset Management Inc.
• Orion Advisor Solutions Inc.
• Quicken Inc.
• RightCapital Inc.
• SAP SE
• Wealthcare Capital Management LLC
• WealthTec LLC
• WealthTrace LLC

For more information about this report visit https://www.researchandmarkets.com/r/u7e85n

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SOURCE Research and Markets