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Personal Finance & Money Management Software Developers - Industry Market Research Report

  • June 2017
  • 33 pages
  • Ibisworld
Report ID: 2573371

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Small returns: Despite increased online banking, free services will stifle potential high growth

Abstract
Personal Finance & Money Management Software Developers

The Personal Finance and Money Management Software Developers industry is currently in a period of slow growth. As free-to-use, web-based personal finance programs became available, more consumers opted to use these services over industry products.

Over the next five years, continued economic recovery will compel high-income consumers, this industry’s biggest market, to hire financial advisors. Furthermore, growth will continue due to licensing by banking institutions and a switch to the software-as-a-service model.

Companies in this industry create personal finance management software. Products are aimed at allowing users to manage disparate financial holdings. Software will often provide single-password access to multiple sources and provide some account aggregation functionality.

This industry includes both packaged software and online-only software.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Intuit Inc.
- Envestnet Inc.

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