However, the mobile based software segment is expected to grow at the highest rate during the forecast period, owing to rise in adoption of mobile phone across the globe and increase in penetration of smartphones in various industries drive the growth of the market. High security provided by web-based personal finance software as it is supported by anti-virus and anti-malware solutions drives the growth of the market. Get more information on this report : Request Sample Pagesīy product type, the global personal finance software market share was led by the web-based software segment in 2019 and is projected to maintain its dominance during the forecast period. Furthermore, increased adoption of personal finance software among developing economies is expected to provide lucrative opportunities for the market growth. However, security and compliance issues in personal finance 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 growth of the market. 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.ĭuring COVID-19, individuals segment is expected to attain significant growth, owing to rise in demand of personal finance software to manage bank accounts, credit cards, investments, income, and expenditure of an individual on a smartphone or computer in lockdown conditions. Personal finance 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 global personal finance software market size was valued at $1,024.35 million in 2019 and is projected to reach $1,576.86 million by 2027, growing at a CAGR of 5.7% from 2020 to 2027. If there is anyboby here who already used it, I would love to hear your experineces.Personal Finance Software Market Outlook - 2027 It seems that budget needs to be entered in a separate window, and I do not see how can I customize it for different month.Īnyway, I think this software definitely worth the attention of /personalfinace. So far the only thing it lacks compare to YNBA is the monthly budget screen. There are features I do not need, but somebody might like check printing, investment handing, and online direct banking. Reporting seems decent, but have not tried all yet Multiple account types(bank, credit ,loan, cash, investment)īudget categories organized into parent and subcategories It can handle transfer transaction between accounts It can import transaction file that I download from my financial institution, and it has a train function so it will remember patterns like YNBA did, but have not tried that yet. So far here are the features it can handle and important to me: I just installed the free 30 days trial and it looks promising. ![]() Moneyspire seems to fit the bill and it have a one time cost instead of monthly subscription.īTW here is the link to their ( I have been searching for an alternative budget software, which operated on pc, and IOS via cloud/dropbox, and not over their website. Īs of last year December 31st YNAB no longer provide supports for the old desktop version (YNBA4), so it is only matter of time when dropbox has an update, which will make YNAB4 unusable. I used loved YNAB4, but not interested in the nYNBA for multiple reason( web-based, subscription based, barely functioning reporting).
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