The competitive landscape of the industry has also been examined along with the profiles of the key players being Alzex Software, BankTree Software Limited, Buxfer Inc., CountAbout, Microsoft Corporation, Money Dashboard Ltd., Moneyspire Inc., Personal Capital Corporation (Empower Retirement), PocketSmith Ltd., Quicken Inc., The Infinite Kind and You Need a Budget. Apart from this, the escalating launch and uptake of personal finance applications by the bank, financial services, and insurance (BFSI) institutions for providing better customer assistance and offers is creating a positive outlook for the market. At present, it is categorized into web-based and mobile-based software types.Īdditionally, the rising need amongst businesses to cope with financial challenges, especially during the consequent implementation of mandatory lockdowns due to the sudden outbreak of coronavirus disease (COVID-19) pandemic, is further propelling the market growth. In addition to this, personal finance software assists users in tracking transactions, managing bank records, tracing investments, and preventing interest on late payments by providing scheduled reminders for bills and deposits. These programs aid in organizing the budget, accounting finances, and making financial decisions to meet long-term financial goals. It involves budgeting, banking, insurance, mortgages, investments, retirement, and tax and estate plans.

Personal finance software refers to an advanced solution that is designed for integrating, interpreting, and segregating information related to the financial data of a user. These insights are included in the report as a major market contributor. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. Looking forward, the publisher expects the market to reach a value of US$ 1.58 Billion by 2027, exhibiting a CAGR of 5.59% during 2021-2027.

The global personal finance software market reached a value of US$ 1.14 Billion in 2021.

Alzex finance 5.14