Personal Finance & Money Management Software Developers in the US - Industry Market Research Report

Personal Finance & Money Management Software Developers in the US - Industry Market Research Report

  • March 2021 •
  • 38 pages •
  • Report ID: 5103853 •
  • Format: PDF
Making bank: The industry’s consumer base will likely increase as young consumers enter the workforce

Abstract

Personal Finance & Money Management Software Developers
The Personal Finance and Money Management Software Developers industry, defined as companies that create personal finance management software, has performed well over the five years to 2018. However, revenue figures do not explain the entire story of performance, given the youth of the industry. For example, many companies have yet to deploy a revenue model, though have had success attracting hundreds of thousands, or even millions, of users. As the industry matures and companies better define their revenue models, more companies should generate revenue. The industry has benefited from the increased use of online banking. Commercial banks license personal finance software from the industry to integrate into their online-banking platforms. The industry will continue to grow over the five years to 2023. Although the industry is in its growth stage, generating revenue may pose a challenge for operators.

Companies in this industry create personal finance management software. Products are aimed at helping users manage disparate financial holdings. Software will often provide single-password access to multiple sources and provide some account aggregation functionality. This industry includes both packaged software and online-only software.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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