However, concerns related to availability of open-source solutions, and lack of awareness regarding personalized financial products are likely to impede the growth of global personal finance software market. Upsurge in demand from small-businesses, along with soaring demand for safe, secure, and efficient finance tracking solutions at individual level, are the factors driving the growth of personal finance software market.Īdditionally, digitization in BFSI sector, booming IT industry, and increasing inclination towards budget-oriented lifestyle, are expected to propagate the growth of personal finance software market throughout the forecast period. It can also send an alert if any suspicious activity is detected. Personal finance software can manage payrolls and is proficient at organizing monthly expenses. Personal finance software API is either web-based or mobile-based, depending on the type of gadget. This software is compatible with smart phones, laptops, PCs or any other electronics gadgets. In addition to this, the software tracks expenditure, keeps the record of investments, creates budget, and manages future expenses. Personal finance software is utilized to track the inflow and outflow of money. The Global Personal Finance Software Market size was valued at USD 0.94 billion in 2019 and is predicted to reach USD 1.80 billion by 2030, with a CAGR of 6.1% from 2020-2030.

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