NEW YORK , March 22, 2022 /PRNewswire/ -- The personal finance software market is estimated to grow by USD 191.74 million from 2019 to 2024. The report projects that the market will progress at a CAGR of 4% during the forecast period.
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Personal Finance Software Market: Driver
The growing dependency on the Internet is driving the growth of the personal finance software market. The key drivers of this market are the increased use of the Internet for day-to-day activities and critical operations. Companies are offering storage services on the cloud, including critical information. Moreover, banks and payment card companies are allowing customers to make transactions, such as online transactions and payments, using the Internet. Online methods have benefits over traditional methods. However, they come with high-security risks. Personal finance software helps keep track of such transactions and manage the money flow.
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Personal Finance Software Market: Vendor Analysis
The personal finance software market report offers information on several market vendors, including Alzex software, BUXFER Inc., doxo Inc., Money Dashboard Ltd., Moneyspire Inc., Personal Capital Corp., PocketSmith Ltd., Quicken Inc., The Infinite Kind, and You Need a Budget LLC among others. The key offerings of some of these vendors are listed below:
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Personal Finance Software Market: Segmentation Analysis
By product, the market has been segmented into web-based software and mobile-based software. The web-based software segment will have significant market share growth during the forecast period. The high demand for secure personal finance software among home business users is one of the major reasons for this growth.
By end-user, the market has been segmented into home business users and individual users. The home business users segment will have significant market share growth during the forecast period. A major driver for this segment is the user-friendliness of personal finance software. It helps in the easy management of monetary funds and budgets.
By geography, the market has been segmented into North America, APAC, Europe, South America, and MEA. North America led the personal finance software market in 2020, followed by APAC, Europe, South America, and MEA, respectively. During the forecast period, APAC is expected to register the highest incremental growth due to factors such as high adoption of mobile-based personal finance software and the increasing market penetration of global vendors offering cloud-based and web-based personal finance software.
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Personal Finance Software Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2020-2024 |
USD 191.74 million |
Market structure |
Fragmented |
YoY growth (%) |
2.65 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, UK, India, China, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alzex software, BUXFER Inc., doxo Inc., Money Dashboard Ltd., Moneyspire Inc., Personal Capital Corp., PocketSmith Ltd., Quicken Inc., The Infinite Kind, and You Need a Budget LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio
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