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Personal finance software market-Future Growth

The global personal finance software market was valued at $795 million in 2016, and is projected to reach at $1,213 million by 2023, growing at a CAGR of 6.40% from 2017 to 2023. The market is by Product Type and End User

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Personal finance software market-Future Growth

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  1. Personal Finance Software Market Is Projected To Reach At $1,213 Million By 2023 Global Opportunity Analysis And Industry Forecast, 2017-2023

  2. Personal Finance Software Market Overview: • Personal finance software manages bank accounts, credit cards, income, investments, expenditure, and all financial transactions of an individual in a smartphone or PC. It manages payrolls and monetary transactions by helping an individual to manage monthly expenses efficiently. These software utilize of financial data as input and function similar to a dashboard for the user's money to help track transactiovarietyns and alert the user when a problem arises. The global personal finance software market was valued at $795 million in 2016, and is projected to reach at $1,213 million by 2023, growing at a CAGR of 6.40% from 2017 to 2023. • Download Sample Report: • The growth of the global personal finance software market is driven by rise in need for advanced financial tools, rise in need to track and manage income, increase in dependency on internet, and growth in use of mobile applications. However, low awareness about personalized financial products and services and availability of open source solutions are some of the major restraints of this market. • Mobile-based personal finance software is expected to grow at a significant pace during the forecast period. The small business users segment led the market in 2016, and is expected to continue to this trend in the near future. Furthermore, North America is expected to dominate the overall market during the forecast period, as it is the highest adopter of financial technologies.

  3. Segment Review • The global personal finance software market is segmented based on product type, end user, and region. Based on product type, the market is bifurcated into web-based software and mobile-based software. Based on end user, it is categorized into small businesses users and individual consumers. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • The global personal finance software market is dominated by key players such as Quicken Inc., The Infinite Kind, You Need a Budget LLC, Microsoft, Moneyspire Inc., doxo Inc., BUXFER INC., Personal Capital Corporation, Money Dashboard, PocketSmith Ltd., and others.

  4. Rise In Need To Track And Manage Income • The adoption of personal finance software has increased over a period of time due to rise in need to track and manage the income flow of an individual or of a small business. Use of these software’s has made handling financial details easy as it can track investments and every small transaction. Moreover, personal finance software’s can even be linked with internet banking to give live updates of transactions and helps the end users in money management. In addition, numerous benefits provided by personal finance software, which includes quick and easy account reconciliation, budget planning, availability of online bill payment, helps to track and analyze investments and others boost the adoption of this technology in the market. Thus, it is one of the prominent factors boosting the growth of the personal finance software market.

  5. Key Benefits For Stakeholders • This study includes the analytical depiction of the global personal finance software market along with current trends and future estimations to determine the imminent investment pockets. • The report presents information related to key drivers, restraints, and opportunities. • The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry. • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the global personal finance software industry.

  6. Personal Finance Software Market Key Segments: By End User By Product Type • Web-based Software • Small Businesses Users • Mobile-based Software • Individual Consumers

  7. By Region • North America • U.S. • Canada • Mexico • Asia-Pacific • China • Japan • India • South Korea • Singapore • Rest of Asia-Pacific • Europe • UK • Germany • France • Russia • Rest of Europe • LAMEA • Latin America • Middle East • Africa

  8. Key Market Players • Quicken Inc. • The Infinite Kind • You Need a Budget LLC • Microsoft • Moneyspire Inc. • doxo Inc. • BUXFER INC. • Personal Capital Corporation • Money Dashboard • PocketSmith Ltd.

  9. Contact Us • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1-855-550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com

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