The U.S. personal finance software market size was valued at $232 million in 2018, and is expected to reach $343 million by 2026, registering a CAGR of 5% from 2019 to 2026.
Personal finance software is a tool designed to integrate the financial data of a user and segregate this information to deliver a desired analytical output for improved financial planning. This software tool utilizes a variety of financial data as input and can be implemented for varied tasks such as financial transactions, bank records management, investment tracking, budget management, portfolio management, and others. In addition, it possesses the capability to manage monetary transactions and payrolls by helping an individual manage monthly expenses efficiently.
Upsurge in adoption of this software among small or home business users drives the growth of the market. It helps the small or home businesses to easily manage their funding and business operations, as it enables effective planning and management of the inflow and outflow of monetary funds.
Rise in need for advanced financial tools, technological advancements related to new product development, and availability of low-cost products boost the growth of the U.S. personal finance software market. However, lack of awareness regarding personalized financial products and services as well as availability of open-source solutions are expected to impede the market growth during the forecast period. Conversely, increase in adoption of personal finance software among industry verticals is anticipated to create numerous opportunities for market expansion. For instance, the U.S.-based bitcoin provider, Coinbase forged a union with Mint, a web-based personal finance software provider, from Intuit, to allow clients track their Bitcoin holdings.
The U.S. personal finance software market is segmented based on product and end user. On the basis of product, the market is classified into web-based software and mobile-based software. By end user, it is divided into small businesses users and individual consumers.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By End User
KEY MARKET PLAYERS
Upsurge in adoption of this software among small or home business users drives the growth of the market. It helps the small or home businesses to easily manage their funding and business operations, as it enables effective planning and management of the inflow and outflow of monetary funds.
Rise in need for advanced financial tools, technological advancements related to new product development, and availability of low-cost products boost the growth of the U.S. personal finance software market. However, lack of awareness regarding personalized financial products and services as well as availability of open-source solutions are expected to impede the market growth during the forecast period. Conversely, increase in adoption of personal finance software among industry verticals is anticipated to create numerous opportunities for market expansion. For instance, the U.S.-based bitcoin provider, Coinbase forged a union with Mint, a web-based personal finance software provider, from Intuit, to allow clients track their Bitcoin holdings.
The U.S. personal finance software market is segmented based on product and end user. On the basis of product, the market is classified into web-based software and mobile-based software. By end user, it is divided into small businesses users and individual consumers.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the U.S. personal finance software market along with the current trends and future estimations to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the market growth is provided.
- A comprehensive quantitative analysis of the industry is provided from 2018 to 2026 to assist stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the key segments of the industry helps understand the trends in U.S. personal finance software market.
- Key players and their strategies are provided to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
By Product
- Web-based Software
- Mobile-based Software
By End User
- Small Businesses Users
- Individual Consumers
KEY MARKET PLAYERS
- Quicken Inc.
- Buxfer, Inc.
- CountAbout Corporation
- doxo Inc.
- IGG Software, Inc.
- Microsoft Corporation
- Moneyspire Inc.
- Personal Capital Corporation
- Qapital, Inc.
- You Need a Budget LLC
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key benefits for stakeholders
1.3. Research methodology
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.2.1. Top winning strategies, by 2016-2019
3.2.2.2. Top winning strategies, by development 2016-2019
3.2.2.3. Top winning strategies, by company 2016-2019
3.3. Porter's five forces analysis
3.4. Key player positioning, 2018
3.5. Market share analysis
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Rise in need to track and manage income
3.6.1.2. Increase in dependency on internet
3.6.1.3. Increase in the use of mobile applications
3.6.2. Restraints
3.6.2.1. Availability of open-source solutions
3.6.3. Opportunities
3.6.3.1. Rise in awareness among people towards usage of personal finance monitoring
CHAPTER 4: PERSONAL FINANCE SOFTWARE MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast, by product type
4.2. Web-based software
4.2.1. Key growth factors and opportunities
4.2.2. Market size and forecast,
4.3. Mobile-based software
4.3.1. Key growth factors and opportunities
4.3.2. Market size and forecast, by region
CHAPTER 5: PERSONAL FINANCE SOFTWARE MARKET, BY END USER
5.1. Overview
5.2. Small businesses users
5.2.1. Key growth factors and opportunities
5.2.2. Market size and forecast
5.3. Individual consumers
5.3.1. Key growth factors and opportunities
5.3.2. Market size and forecast
CHAPTER 6: COMPANY PROFILES
6.1. QUICKEN INC.
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Product portfolio
6.1.4. Key strategic moves and developments
6.2. BUXFER, INC.
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Product portfolio
6.3. COUNTABOUT CORPORATION
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Product portfolio
6.4. Doxo inc.
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Product portfolio
6.5. IGG SOFTWARE, INC.
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Product portfolio
6.5.4. Key strategic moves and developments
6.6. MICROSOFT CORPORATION
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Business performance
6.7. MONEYSPIRE INC.
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Product portfolio
6.7.4. Key strategic moves and developments
6.8. PERSONAL CAPITAL CORPORATION
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.9. QAPITAL, INC.
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Product portfolio
6.9.4. Key strategic moves and developments
6.10. YOU NEED A BUDGET LLC
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Product portfolio
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 71 |
| Published | June 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 232 million |
| Forecasted Market Value ( USD | $ 343 million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | United States |
