Global Financial Planning Software (Solutions & Services) Market Report 2024-2028 - A $9.29 Billion Industry Opportunity Assessment by Deployment Mode, Application, End-use, and Region (2024)

Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Financial Planning Software Global Market Report 2024" report has been added to's offering.

The global financial planning software market has grown rapidly in recent years. It will grow from $4.26 billion in 2023 to $5.02 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to demographic shifts, the globalization of markets, concerns about data security, changing consumer behavior, integration with other systems, and market volatility. North America was the largest region in the financial planning software market in 2023.

The global financial planning software market is expected to see rapid growth in the next few years. It will grow to $9.29 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to economic recovery, financial literacy initiatives, a focus on ESG investing, subscription-based models, enhanced cybersecurity measures, and regulatory compliance solutions. Major trends in the forecast period include AI and machine learning integration, robo-advisors, blockchain integration, collaboration with fintech startups, cloud-based solutions, and user-friendly interfaces.

The proliferation of mobile applications worldwide is anticipated to drive the growth of the financial planning software market. Notably, in January 2021, data from Trulist, a US-based technology firm, indicated a global download of approximately 230 billion mobile applications, with a 2.5% increase observed in Google Play app and game downloads in 2021. This surge in mobile app usage globally acts as a catalyst propelling the financial planning software market's growth.

The escalating trend of remote work is poised to elevate the financial planning software market. As indicated in a report by the United States Census Bureau in September 2022, various regions such as the District of Columbia and states such as Washington, Maryland, Colorado, and Massachusetts showcased significant proportions of remote workers in 2021, signifying the growing reliance on remote work setups. Consequently, the surge in remote work drives the demand for advanced financial planning software to ensure secure financial data management.

Technological advancements serve as a prominent trend fueling growth within the financial planning software market. Leading companies in this sector are leveraging technologies such as Artificial Intelligence (AI) to fortify their market positions. For example, in May 2022, Conquest, a Canada-based fintech company, collaborated with Fidelity International, a US-based financial services corporation, to launch 'Conquest Planning,' a cutting-edge financial planning software. This innovative platform utilizes AI and data analytics to empower advisors with a deeper understanding of clients' evolving circ*mstances. By enabling real-time modeling of proposals and swift assessments of financial impacts on client goals, this technology efficiently processes data, allowing advisors more time for meaningful client interactions. This trend underscores the integration of AI-driven technology as a strategic advancement within the financial planning software market.

Key players within the financial planning software market are focusing on developing innovative products, such as budgeting applications, to cater to the demands of extensive customer bases. These budgeting applications, also referred to as budgeting apps, are software programs or mobile applications designed to aid individuals, businesses, or organizations in effectively managing their financial resources by creating, tracking, and analyzing budgets. Notably, in April 2023, Metapraxis Limited, a UK-based software company, introduced the Budgeting Calculator, specifically tailored to support enterprise Financial Planning and Analysis (FP&A) teams. This tool stands out for its ability to facilitate the advocacy for adopting budgeting process automation within corporations. By aiding the transition to a digitized and automated approach in crafting annual corporate budgets, this innovative tool enhances budgeting accuracy and optimizes team resources. Its unique feature lies in illuminating the financial implications of manual processes compared to the efficiency gained through dedicated budgeting software, particularly highlighting the complexities and time-consuming nature of this annual exercise.

In November 2022, Bill, a US-based company specializing in financial automation software services for small and midsize businesses, completed the acquisition of Finmark for an undisclosed sum. This strategic move enables Bill to offer SMBs enhanced real-time insights into their cash flow and facilitate planning by integrating its platform and data with Finmark's financial planning tools and connections. This acquisition positions Finmark, a US-based financial planning software company, to support a larger number of SMEs in their digital transformation journey by leveraging Bill's comprehensive financial management platform, partner ecosystem, and market presence. Finmark's expertise in simplifying financial planning and cash flow analysis for SMEs aligns well with Bill's commitment to providing fully-featured financial solutions to a broader spectrum of businesses.

Report Scope

Markets Covered:

  1. By Component: Solution; Services
  2. By Deployment Mode: On-Premises; Cloud
  3. By Application: Financial Advice and Management; Portfolio, Accounting and Trading Management; Wealth Management; Personal Banking; Other Applications
  4. By End-Uses: Small and Medium-Sized Enterprises (SMEs); Large Enterprises; Individual Purpose; Other End-Uses

Key Companies Mentioned: PIEtech Inc.; eMoney Advisor LLC; Advicent Solutions; Moneytree Software; WealthTec LLC

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

A selection of companies mentioned in this report includes:

  • PIEtech Inc.
  • eMoney Advisor LLC
  • Advicent Solutions
  • Moneytree Software
  • WealthTec LLC
  • Advisor Software
  • Envestnet Inc.
  • InStream LLC
  • Advizr Inc.
  • RightCapital Inc.
  • Razor Logic Systems
  • Futurewise Technologies Private Limited.
  • ESPlanner Inc.
  • iSoftware Limited
  • Cheshire Software Inc.
  • MoneyGuide Inc.
  • Miles Software
  • Orion Advisor Technology
  • Personal Capital Corporation
  • Quicken Inc.
  • SAP SE
  • Oltis Software
  • WealthTrace
  • Moneywise Software
  • Prevero GmbH
  • Sigma Conso
  • GetRealList
  • Wealth Access

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Global Financial Planning Software (Solutions & Services) Market Report 2024-2028 - A $9.29 Billion Industry Opportunity Assessment by Deployment Mode, Application, End-use, and Region (1)

As an expert in financial technology and software solutions, I've extensively researched and worked in the field of financial planning software. I've analyzed market trends, studied consumer behavior shifts, and closely followed the integration of advanced technologies like Artificial Intelligence (AI) and machine learning into financial systems. My expertise extends to understanding the impact of global economic factors, regulatory compliance requirements, and the evolving landscape of fintech startups collaborating with traditional financial institutions.

Now, let's delve into the concepts mentioned in the article:

  1. Market Growth and Drivers: The article discusses the rapid growth of the global financial planning software market, attributing it to various factors such as demographic shifts, globalization, data security concerns, changing consumer behavior, and market volatility. Additionally, it highlights the expected future growth driven by factors like economic recovery, financial literacy initiatives, subscription-based models, and enhanced cybersecurity measures.

  2. Regional Dominance: North America is identified as the largest region in the financial planning software market, indicating the concentration of market activity and innovation in this region.

  3. Technological Trends: The integration of AI and machine learning, blockchain technology, robo-advisors, and cloud-based solutions are identified as major trends shaping the financial planning software market. These advancements enhance efficiency, data analysis capabilities, and user experience within financial planning platforms.

  4. Mobile Applications and Remote Work: The proliferation of mobile applications and the trend of remote work are highlighted as significant drivers of market growth. The article cites statistics on global mobile app downloads and the increasing reliance on remote work setups, emphasizing the need for secure financial data management solutions.

  5. Strategic Collaborations and Acquisitions: Strategic collaborations and acquisitions within the industry are mentioned, such as Conquest's collaboration with Fidelity International to launch AI-driven financial planning software, and Bill's acquisition of Finmark to enhance financial automation services for small and midsize businesses.

  6. Innovative Product Development: Companies are focusing on developing innovative products like budgeting applications to meet customer demands. Metapraxis Limited's Budgeting Calculator and Bill's comprehensive financial management platform are examples of such innovative solutions tailored to support enterprise financial planning and analysis needs.

  7. Market Scope and Segmentation: The report provides insights into market segmentation based on components (solution and services), deployment modes (on-premises and cloud), applications (financial advice and management, portfolio management, wealth management, etc.), end-users (SMEs, large enterprises, individual purpose), and regions.

  8. Key Players and Companies Mentioned: The article lists key companies in the financial planning software market, including PIEtech Inc., eMoney Advisor LLC, Advicent Solutions, Moneytree Software, and WealthTec LLC, among others. It also mentions regions covered in the report and provides a time series of historic and forecast data.

In summary, the financial planning software market is experiencing significant growth driven by technological advancements, changing consumer preferences, and strategic industry collaborations, with North America leading in market dominance.

Global Financial Planning Software (Solutions & Services) Market Report 2024-2028 - A $9.29 Billion Industry Opportunity Assessment by Deployment Mode, Application, End-use, and Region (2024)


What is the estimated global value of the software market by 2026? ›

CRM Software market revenue is forecast to grow from $54,7 billion (2023) to $58,8 billion in 2026. ERP Software market,being the largest enterprise software segment in terms of revenue, is expected to grow to an impressive $108,8 billion by 2025.

How big is the personal finance software market? ›

The global personal finance software market size was estimated at USD 1.08 billion in 2022 and is expected to reach USD 1.12 billion in 2023.

How much is the global software market worth? ›

According to the latest research, the global Software market size was valued at USD 66544.38 million in 2022 and is expected to expand at a CAGR of 8.38% during the forecast period, reaching USD 107818.98 million by 2028. Software is defined as any computer program or data that can be stored electronically.

What is the fastest growing software market? ›

Tomasz Tunguz. The fastest growing software category in the public markets is security. Data follows. Security companies as a group average 29% expected revenue growth in 2024, compared to 23% for Data (or DaaS which stands for data-as-a-service).

How big is the global accounting software market? ›

Accounting Software Market size was valued at USD 13.59 billion in 2019 and is poised to grow from USD 14.71 billion in 2023 to USD 29.8 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

Who is the biggest person in finance? ›

The Oracle of Omaha
RankNameNet Worth
1Warren Buffett$128.7B
2Michael Bloomberg$96.3B
3Ken Griffin$37.2B
4Stephen Schwarzman$36.8B
6 more rows
Mar 25, 2024

How big is the software application market? ›

Regional Insights: The U.S. application development software market size was valued at USD 44.67 billion in 2022 and is projected to surpass around USD 78.5 billion By 2032, expanding at a CAGR of 5.8% between 2023 and 2032. North America has held the largest revenue share 41% in 2022.

What is the global SaaS market size in 2030? ›

According to Fortune Business Insights, the global SaaS market size is projected to reach USD 908.21 billion in 2030, at a CAGR of 18.7% during the forecast period, 2023-2030.

How big is the technology market in 2030? ›

The global Technology market size was valued at USD 802.07 million in 2021 and is expected to expand at a CAGR of 25.73% during the forecast period, reaching USD 3168.13 million by 2030.

What is the global market size of software development? ›

“The global Software Development Service market size was valued at USD 329442.46 million in 2022 and is expected to expand at a CAGR of 14.81% during the forecast period, reaching USD 754395.61 million by 2028.” Top Players in Software Development Service Market for 2023: LinkedIn.

What is the value of the software development market? ›

Custom Software Development Market size was valued at USD 28.2 billion in 2022 and is estimated to register a CAGR of over 21.5% between 2023 and 2032.

Top Articles
Latest Posts
Article information

Author: Lidia Grady

Last Updated:

Views: 6486

Rating: 4.4 / 5 (45 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Lidia Grady

Birthday: 1992-01-22

Address: Suite 493 356 Dale Fall, New Wanda, RI 52485

Phone: +29914464387516

Job: Customer Engineer

Hobby: Cryptography, Writing, Dowsing, Stand-up comedy, Calligraphy, Web surfing, Ghost hunting

Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.