The latest report published by IMARC Group, titled “Personal Finance Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global personal finance software market size reached US$ 1.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.58 Billion by 2027, exhibiting a CAGR of 5.30% during 2022-2027.
What is a personal finance software?
Personal finance software refers to an application that is designed to assist individuals in managing their finances. It comprises a wide variety of features, such as budgeting tools, investment tracking, bill payment reminders, and financial goal setting. It also helps store, analyze, manage, and process a set of financial transactions, records, and processes. It allows individuals to stick to their budget and refrain from any impulse purchases to save money. It can also be used to track all types of financial transactions, such as investments and expenses related to housing, food, transportation, and entertainment.
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Market Outlook:
At present, the increasing demand for personal finance software among small and medium-sized enterprises (SMEs) to manage various financial aspects represents one of the major factors influencing the market positively. Besides this, the rising utilization of personal finance software to manage taxes, create data sheets, and draft tax reports is propelling the growth of the market.
In addition, key market players are incorporating artificial intelligence (AI) and the internet of things (IoT) to enhance the functionality of the application. Furthermore, as personal finance software offers assistance to users in managing debts, such as credit card balances, loans, and mortgages, the demand for personal finance software is rising around the world.
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Personal Finance Software Industry 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global personal finance software market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
Key Market Segmentation:
The report has segmented the market on the basis of region, product type and end user.
Breakup by Product Type:
Breakup by End User:
Breakup by Region:
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Key highlights of the report:
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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