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Personal Finance Software Market Trends

Report ID: GMI6646
Published Date: Sep 2023
Report Format: PDF

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Personal Finance Software Market Trends

The rise of digital payments is creating lucrative growth opportunities for the personal finance software industry. With increasing online transactions, users need efficient tools to track & manage these transactions. In March 2023, according to a press release by the Press Information Bureau (PIB), Government of India, 45 billion UPI transactions were recorded between 2021 - 2022, marking eight times increase over the past three years and a 50 times surge over the last four years.

Personal finance software offers features to aggregate and categorize digital payment data, providing users with real-time insights into their spending habits. As digital payments become the norm, the demand for software that seamlessly integrates and analyzes these transactions is increasing, contributing to market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of personal development reached USD 40.1 billion in 2022 and is set to witness 7% CAGR from 2023 to 2032, due to the growing awareness among individuals about the need for continuous personal growth worldwide.

The personal coaching/training instrument segment was valued at USD 14.96 billion revenue in 2022, on account of the growing adoption of financial coaching programs by global educational institutes.

North America held over 34% of the market share in 2022, owing to the increasing awareness about mental health and wellness in the region.

Dale Carnegie & Associates, Inc., Franklin Covey Co., Hay House Publishing, Omega Institute, Landmark Worldwide Enterprises Inc., and The Arbinger Institute, OpenSesame Inc. are some of the major personal development companies worldwide.