Rising Complexity in Financial Management Drives Global Financial Planning Software Market's Robust Growth

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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