Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Financial Planning Software Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global financial planning software market is poised for significant expansion, with a projected increase of USD 4,693.41 million during the period from 2022 to 2027.
This anticipated growth reflects a substantial Compound Annual Growth Rate (CAGR) of 16.85% during the forecast period. The market's acceleration is primarily attributed to the increasing complexity of financial management, the rising number of high-net-worth individuals on a global scale, and growing awareness regarding the importance of financial planning.
Market Dynamics
The global financial planning software market analysis encompasses a comprehensive examination of market size and forecasts, industry trends, growth drivers, and challenges, along with a vendor analysis featuring approximately 25 vendors. The report provides an up-to-date analysis of the current market scenario, recent trends, drivers, and the overall market environment.
Market Segmentation
The global financial planning software market is segmented as follows:
By Component:
- Software
- Services
By Application:
- Financial advice and management
- Portfolio/accounting/trading management
- Wealth management
- Personal banking
By Geographical Landscape:
- North America
- Europe
- APAC (Asia-Pacific)
- South America
- Middle East and Africa
Key Findings
The incorporation of artificial intelligence (AI) technology into financial planning software is expected to be a key driver of market growth in the coming years. Additionally, the growing utilization of robo-advisory services and the increasing adoption of mobile and cloud-based financial planning solutions are anticipated to contribute to significant market demand.
Competitive Landscape
The report covers various companies operating in the financial planning software market, including:
- Accutech Systems Corp.
- AssetBook LLC
- BlackRock Inc.
- Ebix Inc.
- Economic Security Planning Inc.
- eMoney Advisor LLC
- Empower Annuity Insurance Co. of America
- Envestnet Inc.
- Fin365 Pty Ltd.
- Instream Solutions LLC
- InvestCloud Inc.
- Morningstar Inc.
- Nest Wealth Asset Management Inc.
- Orion Advisor Solutions Inc.
- Quicken Inc.
- RightCapital Inc.
- SAP SE
- Wealthcare Capital Management LLC
- WealthTec LLC
- WealthTrace LLC
For more information about this report visit https://www.researchandmarkets.com/r/d8selz
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