Personal Financial Management Tool Market Scope
Personal Financial Management Tools are the tools or software’s which is specifically designed for track and manage financial activities including bank accounts, transactions, funds, disbursements. Quicken, Mint, YNAB, TurboTax and others are the Software available for personal financial management.
According to AMA, the Global Personal Financial Management Tool market is expected to see growth rate of 6.1%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Personal Financial Management Tool market throughout the predicted period.
Quicken Inc. (United States), You Need a Budget LLC (United States), Microsoft (United States), Moneyspire Inc. (United States), doxo Inc. (United States), Intuit (United States), Geezeo (United States), Mint (Australia), MoneyDesktop (United States), SapientNitro (United States) and Strands Finance (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Wells Fargo (United States), Yodlee (United States), BridgeTrack (United Kingdom), The Infinite Kind (Scotland), BUXFER INC. (United States), Personal Capital Corporation (United States), Money Dashboard (United Kingdom) and PocketSmith Ltd. (New Zealand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Personal Financial Management Tool market by Type (General and Professional), by Application (Account Information Management, Credit Card Management, Investment Analyzing and Others) and Region with country level break-up.
On the basis of geography, the market of Personal Financial Management Tool 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).
Market Trend
- Inclination of Small Business Users towards Financial Product
- Fueling Requirement of Track and Manage Revenue
Market Drivers
- Rising Demand for Financial Management Tools
- Growing Habit of Internet and Mobile
Opportunities
- Upsurging Demand of Financial Tools in Developing Countries
Restraints
- Lack of Awareness Financial Tools
- Accessibility of Open Source Solutions
Challenges
- Data Security and Safety
- Threat of New Entrance
Key Target Audience
Personal Financial Tools Manufactures/Suppliers, Software Developers, Financial Institutes, Private Research Organizations, Government Research Organizations and Others