According to the latest market research report released by Technavio, the global personal finance software market is expected to accelerate at a CAGR of over 5% during the forecast period. Growing dependency on the internet is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global personal finance software market from 2018-2022. (Photo: Business Wire)
This research report titled 'Global Personal Finance Software Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global personal finance software market into the following end-users:
- Home business users
- Individual consumers
In 2016, the home business users segment accounted for 52% of the global market and is projected to reach 54% by 2021, exhibiting almost 2% increase in market share.
Global personal finance software market: Top emerging trend
Availability of mobile applications is an emerging trend in the ICT space. The increasing reach of mobile networks has led to an increase in the penetration of mobile phones. The adoption of mobile communications services in rural areas along with the availability of low-cost handsets is accelerating the adoption of mobile phones among people. This encourages organizations to adopt mobile collaboration services that will help in increasing the profitability of their business. Further, service providers are offering low cost data packages in rural areas to motivate end-users to use mobile broadband. It is expected that the increasing adoption of mobile devices will offer a huge opportunity to mobile based personal finance software providers.
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Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Personal Finance Software Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, EMEA)
- Key leading countries
- Market segmentation by end-user (home business users and individual consumers)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (BUXFER, Quicken, The Infinite Kind, YNAB)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181026005156/en/
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