Akasaka,Tokyo -- (SBWire) -- 03/27/2019 --Financial software is a type of software that is specifically designed to automate, assist and store financial information of a personal or business nature. It handles the storage, analysis, management and processing of a set of financial transactions, records and processes. Personal finance software is also designed to help corporations or individuals manage their finances and business ledgers.
The report studies Global Personal Finance Software Market research provides a basic overview of the industry including definitions, classifications and industry chain structure. Rise in need for advanced financial tools, technological advancements related to new product development, and availability of low-cost products drive the global market. However, low awareness about personalized financial products and services as well as availability of open-source solutions are expected to impede the market growth.
The Global Personal Finance Software Market was valued at $822 million in 2018, and is projected to reach at $1,625 million by 2025, growing at a CAGR of +7% from forecast period.
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The Major Players Reported In the Report Are: Personal Capital Corporation, Money Dashboard, Pocket Smith Ltd., and others.
This highly sophisticated statistical report attempts to understand the approach taken by suppliers in the global personal finance software market to provide product differentiation through Porter's five power analysis. This allows the company to strengthen its stand in the market and find ways to increase sales during the expected period.
By Product Type, the Global Personal Finance Software Market can be segmented into:
- Web-based Software
- Mobile-based Software
By Application, the Global Personal Finance Software market can be segmented into:
- Small Businesses Users
- Individual Consumers
In the future, the competitive landscape of the Personal Finance Software Market is presented to understand the importance of the market. This section provides key strategies, weaknesses, and strengths, highlighting key areas that have contributed to growth. Locally, markets can be divided into North America, Europe, China, Japan and Southeast Asia in India.
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With the help of Porter's Five Forces analysis, the report provides a detailed analysis of the various factors influencing the industry. The analysis also helps to understand the degree of competition prevalent in the market. Furthermore, the report analyzes the value chain and various drivers and restraints of the Personal Finance Software Market.
Key questions answered in the report include:
- What will the market size and the growth rate be in 2025?
- What are the key factors driving the global Personal Finance Software market?
- What are the key market trends impacting the growth of the global Personal Finance Software market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global Personal Finance Software market?
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