About Financial Planning and Analysis Software
Financial planning and analysis are used to support an organization's financial health and business strategy, it helps to analyze business trends and past results advise how performance can explore potential growth scenarios. Lots of companies are shifting their preferences to software division. Financial planning and analysis software is planned to facilitate advisors, professionals, accountants, and other personnel by offering the platform by which an appropriate financial plan can be designed. Growing demand for financial planning software from different sectors is booming the growth of this software in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Financial Planning and Analysis Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle (United States), PIEtech, Inc. (United States), EMoney Advisor (United States), Advicent (United States), Oltis Software (United States), Advisor Software(United States), TIBCO Software (United States), SAP (Germany), SAS Institute (United States), Alteryx (United States) and Google (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Qlik (United States), FICO (United States), GoodData (United States) and Birst (United States).
Segmentation Overview
AMA Research has segmented the market of Global Financial Planning and Analysis Software market by , Application (Wealth Management, Financial Forecasting and Budgeting, Customer Management, Transaction Monitoring, Claim Management, Fraud Detection and Prevention and Stock Management) and Region.
On the basis of geography, the market of Financial Planning and Analysis Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Financial Planning and Analysis Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Financial Planning and Analysis Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Version, the sub-segment i.e. Basic will boost the Financial Planning and Analysis Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Monthly will boost the Financial Planning and Analysis Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Financial Planning and Analysis Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emergence of Cloud Based Financial Planning and Analysis Software
Market Growth Drivers:
Increasing Demand of New IT Applications and Infrastructure Such as Big Data And Advanced Analytics and Rise In Track And Manage Income Of A Small And Large Business Is Key Driving Factor Of Growth
Challenges:
Data Privacy Concern
Restraints:
The flow of New Regulations and Financial Standards
Opportunities:
Increasing Demand for Financial Planning Software from Emerging Countries such as China, India
Market Leaders and their expansionary development strategies
In November 2022, BILL , a leader in financial automation software for small and midsize businesses (SMBs), announced it has signed a definitive agreement to acquire Finmark, a leading financial planning software provider that simplifies financial planning and cash flow insights for SMBs.
In March 2022, Axis Direct, the online brand of Axis Securities, has launched FinPlan, a financial planning and wealth-building platform powered by Finbingo, an investment advisor registered with the Securities and Exchange Board of India
Key Target Audience
Financial Planning and Analysis Software Companies, Regulatory & Government Bodies, Potential Investors, End Users, Downstream Vendors, Research & Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.