Personal Finance Management
Allied Market Research: Personal Finance Software Market by Product Type
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 variety of financial data as input and function similar to a dashboard for the user’s money to help track transactions 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
Stats : Statistica
- Total Transaction Value in the Personal Finance segment amounts to US$768,318m in 2019.
- Total Transaction Value is expected to show an annual growth rate (CAGR 2019-2022) of 23.1% resulting in the total amount of US$1,432,306m by 2022.
- The market’s largest segment is Robo-Advisors with a total transaction value of US$749,703m in 2019.
- From a global comparison perspective it is shown that the highest cumulated transaction value is reached in the United States (US$768,318m in 2019)