Personal Finance Software Market Overview
Global Personal Finance Software Market Size Was Valued at USD 1.06 Billion In 2023 And Is Projected to Reach USD 1.70 Billion By 2032, Growing at A CAGR of 5.4% From 2024-2032.
Personal finance software is a tool that integrates and extracts a user's financial data in order to achieve a desired analytical performance for better financial planning. This software tool accepts a wide range of financial data and can be used for a number of tasks like financial transactions, bank records management, investment monitoring, budget management, portfolio management, and more.
Businesses are grappling with organizational problems as a result of the COVID-19 pandemic. To deal with this situation, many banks and financial institutions are offering new digital tools and techniques to their customers, with personal finance apps being one of the most common. Furthermore, the increase in online and mobile banking among end-users as a result of the pandemic offers growth opportunities for the personal finance software industry. Furthermore, several banks and fintech firms have launched a range of appealing banking strategies to inspire SMEs and customers to use Personal Finance Software tools, resulting in a multitude of business growth opportunities.
Personal Finance Software Market Dynamics
The personal finance software market is being driven by the wide availability of digital services and smartphone applications that can handle your Personal finance software. Personal finance apps will help you improve your financial literacy and reduce uncertainty. This Personal finance software is simple to store and archive and various programs can be used on your PC or on your mobile, with some of the more sophisticated ones assisting with debt reduction, budget management, and even providing financial advice as an added service. Technological advances in new product growth, as well as the availability of free and low-cost goods, as well as digital trends, are driving acceptance. Money-management and tax-preparation software are the two broad types of personal finance software. Quicken, Microsoft Money, and iCash are some of the most well-known money management programs. Mint, Wesabe, and Geezeo are examples of web-based money management programs.
The growing need to track and control customer profits, as well as the proliferation of mobile apps around the world, is moving Personal finance software market forward. Furthermore, Personal finance software market's growth is fueled by an increase in organizations' emphasis on digitizing their financial services and an increase in internet users around the world. However, the market's growth is hampered by security and enforcement problems in Personal finance software applications, as well as the availability of open-source finance software. Additionally, increased adoption of Personal finance software applications in developed economies is projected to provide lucrative market growth opportunities.
Market Segmentation
The Web-based Software Segment Is Accounted For The Highest Share In 2019
Personal finance software market is rising due to the high security offered by web-based Personal finance software applications, which are backed up by anti-virus and anti-malware solutions. The mobile-based apps segment, on the other hand, is expected to rise at the fastest pace during the forecast era, owing to the increased adoption of mobile phones around the world and the increased penetration of smartphones in various industries.
Geographical Outlook Of The Market
North America dominated the personal finance software market growth in 2019 and is predicted to continue to do so throughout the forecast period. The presence of major players and the rapid adoption of cutting-edge technology are two major factors driving Personal finance software market's growth in this area. However, due to booming IT infrastructure and major investments from private and public players in the region, Asia-Pacific is expected to rise at a significant rate during the forecast era.
Key Vendors in Personal Finance Software market are :
- BUXFER
- Quicken
- The Infinite Kind
- YNAB
- Alzex software
- Microsoft
- Doxo
- Personal Capital
- Money Dashboard
- Prosper Funding
- PocketSmith
- CountAbout
- Finicity
- Moneyspire
- CoinKeeper
- BankTree Software and other major players.
These players have implemented several strategies to boost their market penetration and strengthen their position in the global market.
Key Industry Development in Personal Finance Software Market
- In January 2025, Arf, a leader in working capital and settlement liquidity solutions, has partnered with LuLu Financial Holdings to revolutionize global payments with T-0 settlement times. This strategic collaboration enables LuLuFin to utilize Arf's advanced settlement infrastructure, improving liquidity and operational efficiency in cross-border payments. By offering instant settlement capabilities through the PayFi Stack, the partnership enhances the speed and reliability of international transactions, positioning both companies as innovators in the financial services sector.
- In November 2023, MoolahMate Ventures Inc. has launched MoolahMate, an innovative personal finance platform designed to help individuals manage their finances more efficiently. Founded by Fauzi Zamir, a seasoned CFO, the platform offers tools to track spending, increase financial knowledge, and reduce stress. With features like budgeting, debt repayment calculators, and a comprehensive knowledge base, MoolahMate empowers users to take control of their finances. The platform is available for a low subscription fee, with a special promotion offering three months free for early subscribers.
- In April 2023, P&N Group's division, BCU Bank, introduced a personal financial management tool aimed at giving customers greater control over their finances. The platform includes features for monitoring bills and expenses, categorizing transactions, and managing budgets, offering users better visibility and oversight of their financial activities.
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Global Personal Finance Software Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 1.06 Bn. |
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Forecast Period 2023-30 CAGR: |
5.4% |
Market Size in 2032: |
USD 1.70 Bn. |
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Segments Covered: |
By Product Type |
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By End Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By End-Use
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Personal Finance Software Market by Type
5.1 Personal Finance Software Market Overview Snapshot and Growth Engine
5.2 Personal Finance Software Market Overview
5.3 Web-based Software
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Web-based Software: Grographic Segmentation
5.4 Mobile-based Software
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Mobile-based Software: Grographic Segmentation
Chapter 6: Personal Finance Software Market by End-Use
6.1 Personal Finance Software Market Overview Snapshot and Growth Engine
6.2 Personal Finance Software Market Overview
6.3 Small Businesses Users
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Small Businesses Users: Grographic Segmentation
6.4 Individual Consumers
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Individual Consumers: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Personal Finance Software Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Personal Finance Software Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Personal Finance Software Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 BUXFER
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 QUICKEN
7.4 THE INFINITE KIND
7.5 YNAB
7.6 ALZEX SOFTWARE
7.7 MICROSOFT
7.8 DOXO
7.9 PERSONAL CAPITAL
7.10 MONEY DASHBOARD
7.11 PROSPER FUNDING
7.12 POCKETSMITH
7.13 COUNTABOUT
7.14 FINICITY
7.15 MONEYSPIRE
7.16 COINKEEPER
7.17 BANKTREE SOFTWARE
7.18 OTHER MAJOR PLAYERS
Chapter 8: Global Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 Web-based Software
8.2.2 Mobile-based Software
8.3 Historic and Forecasted Market Size By End-Use
8.3.1 Small Businesses Users
8.3.2 Individual Consumers
Chapter 9: North America Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Web-based Software
9.4.2 Mobile-based Software
9.5 Historic and Forecasted Market Size By End-Use
9.5.1 Small Businesses Users
9.5.2 Individual Consumers
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Web-based Software
10.4.2 Mobile-based Software
10.5 Historic and Forecasted Market Size By End-Use
10.5.1 Small Businesses Users
10.5.2 Individual Consumers
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Web-based Software
11.4.2 Mobile-based Software
11.5 Historic and Forecasted Market Size By End-Use
11.5.1 Small Businesses Users
11.5.2 Individual Consumers
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Web-based Software
12.4.2 Mobile-based Software
12.5 Historic and Forecasted Market Size By End-Use
12.5.1 Small Businesses Users
12.5.2 Individual Consumers
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Web-based Software
13.4.2 Mobile-based Software
13.5 Historic and Forecasted Market Size By End-Use
13.5.1 Small Businesses Users
13.5.2 Individual Consumers
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
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Global Personal Finance Software Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 1.06 Bn. |
|
Forecast Period 2023-30 CAGR: |
5.4% |
Market Size in 2032: |
USD 1.70 Bn. |
|
Segments Covered: |
By Product Type |
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|
|
By End Use |
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||
|
By Region |
|
||
|
Key Market Drivers: |
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Key Market Restraints: |
|
||
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Key Opportunities: |
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Companies Covered in the report: |
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