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.
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 |
|
|
By End Use |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By End-Use
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Personal Finance Software Market by Type
ā5.1 Personal Finance Software Market Overview Snapshot and Growth Engine
ā5.2 Personal Finance Software Market Overview
ā5.3 Web-based Software
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Web-based Software: Grographic Segmentation
ā5.4 Mobile-based Software
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Mobile-based Software: Grographic Segmentation
Chapter 6: Personal Finance Software Market by End-Use
ā6.1 Personal Finance Software Market Overview Snapshot and Growth Engine
ā6.2 Personal Finance Software Market Overview
ā6.3 Small Businesses Users
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Small Businesses Users: Grographic Segmentation
ā6.4 Individual Consumers
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Individual Consumers: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Personal Finance Software Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Ansoff Matrix
āā7.1.5 Personal Finance Software Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Personal Finance Software Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 BUXFER
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 QUICKEN
ā7.4 THE INFINITE KIND
ā7.5 YNAB
ā7.6 ALZEX SOFTWARE
ā7.7 MICROSOFT
ā7.8 DOXO
ā7.9 PERSONAL CAPITAL
ā7.10 MONEY DASHBOARD
ā7.11 PROSPER FUNDING
ā7.12 POCKETSMITH
ā7.13 COUNTABOUT
ā7.14 FINICITY
ā7.15 MONEYSPIRE
ā7.16 COINKEEPER
ā7.17 BANKTREE SOFTWARE
ā7.18 OTHER MAJOR PLAYERS
Chapter 8: Global Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Type
āā8.2.1 Web-based Software
āā8.2.2 Mobile-based Software
ā8.3 Historic and Forecasted Market Size By End-Use
āā8.3.1 Small Businesses Users
āā8.3.2 Individual Consumers
Chapter 9: North America Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Type
āā9.4.1 Web-based Software
āā9.4.2 Mobile-based Software
ā9.5 Historic and Forecasted Market Size By End-Use
āā9.5.1 Small Businesses Users
āā9.5.2 Individual Consumers
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Web-based Software
āā10.4.2 Mobile-based Software
ā10.5 Historic and Forecasted Market Size By End-Use
āā10.5.1 Small Businesses Users
āā10.5.2 Individual Consumers
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Web-based Software
āā11.4.2 Mobile-based Software
ā11.5 Historic and Forecasted Market Size By End-Use
āā11.5.1 Small Businesses Users
āā11.5.2 Individual Consumers
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Web-based Software
āā12.4.2 Mobile-based Software
ā12.5 Historic and Forecasted Market Size By End-Use
āā12.5.1 Small Businesses Users
āā12.5.2 Individual Consumers
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Personal Finance Software Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Web-based Software
āā13.4.2 Mobile-based Software
ā13.5 Historic and Forecasted Market Size By End-Use
āā13.5.1 Small Businesses Users
āā13.5.2 Individual Consumers
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
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 |
|
|
By End Use |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Personal Finance Software Market research report is 2024-2032.
BUXFER Inc.; Doxo Inc.; Microsoft Corporation; Money Dashboard; Moneyspire Inc.; Personal Capital Corporation; PocketSmith Ltd.; Quicken Inc.; The Infinite Kind Ltd.; You Need A Budget LLC and other major players.
The Personal Finance Software Market is segmented into Product Type, End User and region. By Product Type, the market is categorized into Web-based Software, Mobile-based Software. By End Use the market is categorized into Small Businesses Users, Individual Consumers. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
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.
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.