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Financial Planning Software Market

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    Report

  • 115 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724142
The global financial planning software market size is expected to reach USD 14,067.40 million by 2030, according to a new study. The report “Financial Planning Software Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, and Service); By Deployment; By End-Use; By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into the current market dynamics and provides analysis on future market growth.

Financial planning is used to help people or businesses manage their finances, company records, and other accounting needs. It can maintain financial accounts, classify income and spending, synchronize transactions with banks and credit card providers, work with schedules, analyze investments and tax reports, and even display snapshots of financial net worth. With various advantages such as reduced portfolio risk, demand for alternative investments continues to increase in the market. Furthermore, money advisors are investing in new methods like artificial intelligence (AI) and digital authentication (ID) to improve client experience, financial performance, and operational efficiency.

As a result, the numerous advantages associated with advanced technologies considerably contribute to the expansion of the global banking planning software market. However, the government’s tight laws and regulations for wealth management businesses, as well as a lack of price transparency and increasing fees, are some of the obstacles impeding market expansion. On the contrary, an increasing population of HNWI individuals demanding customized solutions is expected to augment the growth for financial analysts to remain competitive and gain deep insights into the market’s products and services.

However, compliance and security issues associated with this software, as well as the availability of open-source finance software, are impeding the market growth. Furthermore, increased financial software adoption in developing economies, as well as an increase in the number of high-net-worth individuals, are expected to provide a lucrative financial planning software market opportunity.

Financial Planning Software Market Report Highlights

  • North America is the dominating region in the global market, in 2021. This is primarily due to the presence of high-net-worth individuals seeking real-time financial planning solutions
  • By product type, cloud-based is more popular due to less time consumption and easy data navigation to alter the data and upload on the web.
  • Global market includes RightCapital, quicken, MoneyGuide, Miles Software, MoneyGuide (Envestnet), Personal Capital, SAP Advicent Solutions (NaviPlan), eMoney Advisor, and Moneytree Software.

The publisher has segmented the financial planning software market report based on deployment, component, end-Use, application, and region:

Financial Planning Software, Component Outlook (Revenue - USD Million, 2018 - 2030)

  • Software
  • Services

Financial Planning Software, Deployment Outlook (Revenue - USD Million, 2018 - 2030)

  • Cloud
  • On-premises

Financial Planning Software, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • Financial Advice and Management
  • Portfolio, Accounting, and Trading Management
  • Wealth Management
  • Personal Banking
  • Others

Financial Planning Software, End-Use Outlook (Revenue - USD Million, 2018 - 2030)

  • Small and Medium Enterprises (SME’s)
  • Large Enterprises
  • Individual Purpose
  • Others

Financial Planning Software, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Financial Planning Software Market

What is the estimated value of the Financial Planning Software Market?

The Financial Planning Software Market was estimated to be valued at $4203.16 million in 2022.

What is the growth rate of the Financial Planning Software Market?

The growth rate of the Financial Planning Software Market is 16.3%, with an estimated value of $14067.4 million by 2030.

What is the forecasted size of the Financial Planning Software Market?

The Financial Planning Software Market is estimated to be worth $14067.4 million by 2030.

Who are the key companies in the Financial Planning Software Market?

Key companies in the Financial Planning Software Market include RightCapital Inc., quicken inc., MoneyGuide Inc., Miles Software, MoneyGuide Inc. (Envestnet), Personal Capital Corporation, SAP Advicent Solutions (NaviPlan) and Moneytree Software.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Financial Planning Software Market Insights
4.1. Financial Planning Software - Industry Snapshot
4.2. Financial Planning Software Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing demand for customers to track and manage their income
4.2.1.2. Rising focus of companies on digitalizing their financial services
4.2.2. Restraints and Challenges
4.2.2.1. Increasing Cybersecurity Threats
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Financial Planning Software Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Financial Planning Software Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
5.3. Financial Advice and Management
5.3.1. Global Financial Planning Software Market, by Financial Advice and Management, by Region, 2018 - 2030 (USD Million)
5.4. Portfolio, Accounting, and Trading Management
5.4.1. Global Financial Planning Software Market, by Portfolio, Accounting, and Trading Management, by Region, 2018 - 2030 (USD Million)
5.5. Wealth Management
5.5.1. Global Financial Planning Software Market, by Wealth Management, by Region, 2018 - 2030 (USD Million)
5.6. Personal Banking
5.6.1. Global Financial Planning Software Market, by Personal Banking, by Region, 2018 - 2030 (USD Million)
5.7. Others
5.7.1. Global Financial Planning Software Market, by Other, by Region, 2018 - 2030 (USD Million)

6. Global Financial Planning Software Market, by Deployment
6.1. Key Findings
6.2. Introduction
6.2.1. Global Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
6.3. Cloud
6.3.1. Global Financial Planning Software Market, by Cloud, by Region, 2018 - 2030 (USD Million)
6.4. On-premises
6.4.1. Global Financial Planning Software Market, by On-premises, by Region, 2018 - 2030 (USD Million)

7. Global Financial Planning Software Market, by Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
7.3. Software
7.3.1. Global Financial Planning Software Market, by Software, by Region, 2018 - 2030 (USD Million)
7.4. Services
7.4.1. Global Financial Planning Software Market, by Services, by Region, 2018 - 2030 (USD Million)

8. Global Financial Planning Software Market, by End-Use
8.1. Key Findings
8.2. Introduction
8.2.1. Global Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
8.3. Small and Medium Enterprises (SME’s)
8.3.1. Global Financial Planning Software Market, by Small and Medium Enterprises (SME’s), by Region, 2018 - 2030 (USD Million)
8.4. Large Enterprises
8.4.1. Global Financial Planning Software Market, by Large Enterprises, by Region, 2018 - 2030 (USD Million)
8.5. Individual Purpose
8.5.1. Global Financial Planning Software Market, by Individual Purpose, by Region, 2018 - 2030 (USD Million)
8.6. Others
8.6.1. Global Other Financial Planning Software Market, by Region, 2018 - 2030 (USD Million)

9. Global Financial Planning Software Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. Financial Planning Software Market Assessment, By Geography, 2018 - 2030 (USD Million)
9.3. Financial Planning Software Market - North America
9.3.1. North America: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.3.2. North America: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.3.3. North America: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.3.4. North America: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.3.5. Financial Planning Software Market - U.S.
9.3.5.1. U.S.: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.3.5.2. U.S.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.3.5.3. U.S.: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.3.5.4. U.S.: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.3.6. Financial Planning Software Market - Canada
9.3.6.1. Canada: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.3.6.2. Canada: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.3.6.3. Canada: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.3.6.4. Canada: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4. Financial Planning Software Market - Europe
9.4.1. Europe: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.2. Europe: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.3. Europe: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.4. Europe: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.5. Financial Planning Software Market - UK
9.4.5.1. UK: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.5.2. UK: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.5.3. UK: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.5.4. UK: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.6. Financial Planning Software Market - France
9.4.6.1. France: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.6.2. France: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.6.3. France: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.6.4. France: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.7. Financial Planning Software Market - Germany
9.4.7.1. Germany: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.7.2. Germany: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.7.3. Germany: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.7.4. Germany: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.8. Financial Planning Software Market - Italy
9.4.8.1. Italy: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.8.2. Italy: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.8.3. Italy: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.8.4. Italy: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.9. Financial Planning Software Market - Spain
9.4.9.1. Spain: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.9.2. Spain: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.9.3. Spain: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.9.4. Spain: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.10. Financial Planning Software Market - Netherlands
9.4.10.1. Netherlands: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.10.2. Netherlands: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.10.3. Netherlands: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.10.4. Netherlands: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.4.11. Financial Planning Software Market - Russia
9.4.11.1. Russia: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.4.11.2. Russia.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.4.11.3. Russia: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.4.11.4. Russia: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5. Financial Planning Software Market - Asia Pacific
9.5.1. Asia Pacific: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.2. Asia Pacific: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.3. Asia Pacific: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.4. Asia Pacific: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.5. Financial Planning Software Market - China
9.5.5.1. China: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.5.2. China.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.5.3. China: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.5.4. China: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.6. Financial Planning Software Market - India
9.5.6.1. India: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.6.2. India.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.6.3. India: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.6.4. India: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.7. Financial Planning Software Market - Japan
9.5.7.1. Japan: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.7.2. Japan.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.7.3. Japan: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.7.4. Japan: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.8. Financial Planning Software Market - Malaysia
9.5.8.1. Malaysia: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.8.2. Malaysia.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.8.3. Malaysia: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.8.4. Malaysia: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.9. Financial Planning Software Market - Indonesia
9.5.9.1. Indonesia: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.9.2. Indonesia.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.9.3. Indonesia: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.9.4. Indonesia: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.5.10. Financial Planning Software Market - South Korea
9.5.10.1. South Korea: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.5.10.2. South Korea.: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.5.10.3. South Korea: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.5.10.4. South Korea: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.6. Financial Planning Software Market - Middle East & Africa
9.6.1. Middle East & Africa: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.6.2. Middle East & Africa: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.6.3. Middle East & Africa: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.6.4. Middle East & Africa: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.6.5. Financial Planning Software Market - Saudi Arabia
9.6.5.1. Saudi Arabia: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.6.5.2. Saudi Arabia: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.6.5.3. Saudi Arabia: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.6.5.4. Saudi Arabia: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.6.6. Financial Planning Software Market - South Africa
9.6.6.1. South Africa: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.6.6.2. South Africa: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.6.6.3. South Africa: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.6.6.4. South Africa: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.6.7. Financial Planning Software Market - Israel
9.6.7.1. Israel: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.6.7.2. Israel: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.6.7.3. Israel: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.6.7.4. Israel: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.6.8. Financial Planning Software Market - UAE
9.6.8.1. UAE: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.6.8.2. UAE: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.6.8.3. UAE: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.6.8.4. UAE: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.7. Financial Planning Software Market - Latin America
9.7.1. Latin America: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.7.2. Latin America: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.7.3. Latin America: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.7.4. Latin America: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.7.5. Financial Planning Software Market - Mexico
9.7.5.1. Mexico: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.7.5.2. Mexico: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.7.5.3. Mexico: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.7.5.4. Mexico: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.7.6. Financial Planning Software Market - Brazil
9.7.6.1. Brazil: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.7.6.2. Brazil: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.7.6.3. Brazil: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.7.6.4. Brazil: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)
9.7.7. Financial Planning Software Market - Argentina
9.7.7.1. Argentina: Financial Planning Software Market, by Application, 2018 - 2030 (USD Million)
9.7.7.2. Argentina: Financial Planning Software Market, by End-Use, 2018 - 2030 (USD Million)
9.7.7.3. Argentina: Financial Planning Software Market, by Deployment, 2018 - 2030 (USD Million)
9.7.7.4. Argentina: Financial Planning Software Market, by Type, 2018 - 2030 (USD Million)

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. RightCapital
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. quicken
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. MoneyGuide
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Miles Software
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Personal Capital Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. SAP Advicent Solutions (NaviPlan)
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. eMoney Advisor
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Moneytree Software
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development

Companies Mentioned

  • RightCapital Inc.
  • quicken inc.
  • MoneyGuide Inc.
  • Miles Software
  • MoneyGuide Inc. (Envestnet)
  • Personal Capital Corporation
  • SAP Advicent Solutions (NaviPlan)
  • eMoney Advisor LLC.
  • Moneytree Software