![]() The report focuses on growth prospects, restraints, and trends of the financial planning software market analysis. Furthermore, increased adoption of finance software among developing economies and increasing number of high net worth individual is expected to provide lucrative financial planning software market opportunity. However, security and compliance issues in financial planning software and availability of open source finance software hamper the growth of the market. ![]() In addition, increase in focus of organizations on digitalizing their financial services and upsurge in internet users across the globe fuel the growth of the market. ![]() Rise in need to track & manage income of consumers and surge in mobile application across the globe are the major factors that drive the financial planning software market growth. This software tool utilizes variety of financial data as input and can be implemented for various tasks such as financial transactions, bank records management, investment tracking, budget management, portfolio management, and others. Moreover, firms with larger customer bases have relied on electronic means through artificial intelligence (AI), or social media to connect with their clients, which has become challenging factors to the financial planning software market.įinancial planning 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. The pandemic has affected both investors & financial advisers firms and investors experienced direct impacts on their existing portfolios. The global financial planning software market was valued at $3.7 billion in 2021, and is projected to reach $16.9 billion by 2031, growing at a CAGR of 16.6% from 2022 to 2031. The charts and the budget tickers all help keep me on track.Financial Planning Software Market Research, 2031 BP is non-intrusive and easy to work with. As a young, single professor living in Toronto, I need all the help I can get with my finances.
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