Market Overview:
The global personal finance app market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of smartphones and tablets, and the rising demand for mobile banking and financial services. In addition, the growing awareness about personal finance management among consumers is also contributing to the growth of this market. Based on type, the global personal finance app market can be segmented into Android, iOS, and others. Android-based apps are dominating this market due to their low cost and easy availability on Google Play Store. However, iOS-based apps are gaining traction due to their user-friendly interface and enhanced security features. Based on application, the global personal finance app market can be segmented into mobile phones, tablets, desktops/laptops, and other applications such as smart watches etc.). Among these applications segments; mobile phones held a dominant share in 2017 owing to its widespread adoption across all geographies.
Product Definition:
A personal finance app is a type of software that helps individuals manage their finances. This can include tasks such as tracking expenses, budgeting, and creating financial goals. Personal finance apps can be helpful in organizing and tracking one's finances, which can lead to better money management skills.
Android:
Android is a mobile operating system developed by Google, based on the Linux kernel. It is an open source software platform, which can be used under the free of cost license. The major application segment served by this OS includes smartphones and tablets PC hardware manufacturers such as Lenovo and Samsung have also started offering Android pre-installed in their devices due to its increased market penetration across all segments.
IOS:
IOS is short for iPhone OS and it's a mobile operating system developed by Apple Inc. It acts as a platform to run applications designed for the iOS-based devices including iPad, iPhone, and iPod touch. The apps are capable of performing various functions such as sending mails, making appointments, booking tickets online etc.
The market size was valued at over USD 40 billion in 2014.
Application Insights:
Mobile phones held the largest revenue share of over 60% in 2017. Rising adoption of smartphones has been contributing significantly to the growth of this segment. On the other hand, tablets are expected to witness a lucrative CAGR during the forecast period owing to increasing demand for portable and lightweight devices with advanced features such as HD displays, cameras and faster internet connectivity. The desktop application is expected to witness a significant growth rate over the forecast period owing to its increased usage in managing investments and tracking spending activities on a regular basis. Moreover, laptops are increasingly being used for financial advice applications which can be downloaded onto them from internet browsers. This trend is likely to boost market growth over next few years.
The others segment includes R&D centers, online banking portals & payment gateways etcetera). These applications do not fall under any specific category as they have been designed specifically for use by people with disabilities or those who are blindfolded or have low vision abilities (sight disability).
Regional Analysis:
North America dominated the global personal finance app market in 2017. This can be attributed to the presence of a large number of players, increased usage of smartphones and tablets, and high purchasing power parity. The U.S.-based companies are focusing on developing new products to increase their customer base worldwide.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing smartphone penetration along with rising adoption of internet services across countries such as China and India.
Growth Factors:
- Increasing smartphone penetration and usage across the globe.
- Proliferation of low-cost smartphones, especially in developing countries.
- Rising awareness about the importance of financial planning and investing among people of all ages and income levels.
- Increased availability of personal finance apps in multiple languages, catering to a wider global audience.
- . Growing demand for mobile-based budgeting and tracking tools that help users stay on top of their expenses
Scope Of The Report
Report Attributes
Report Details
Report Title
Personal Finance App Market Research Report
By Type
Android, IOS, Others
By Application
Mobile Phones, Tablets, Desktop, Laptops
By Companies
Intuit, Personal Capital, Lampo Licensing, Wally Yachts, Acorns Grow, Robinhood Financial, Capital One Financial, Wealthfront, Credit Karma
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Personal Finance App Market Report Segments:
The global Personal Finance App market is segmented on the basis of:
Types
Android, IOS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mobile Phones, Tablets, Desktop, Laptops
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intuit
- Personal Capital
- Lampo Licensing
- Wally Yachts
- Acorns Grow
- Robinhood Financial
- Capital One Financial
- Wealthfront
- Credit Karma
Highlights of The Personal Finance App Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Android
- IOS
- Others
- By Application:
- Mobile Phones
- Tablets
- Desktop
- Laptops
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Personal Finance App Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A personal finance app is a mobile application that helps users manage their finances. Some common features of personal finance apps include tracking expenses, managing bank and credit cards, and creating budgets.
Some of the major players in the personal finance app market are Intuit, Personal Capital, Lampo Licensing, Wally Yachts, Acorns Grow, Robinhood Financial, Capital One Financial, Wealthfront, Credit Karma.
The personal finance app market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Personal Finance App Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Personal Finance App Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Personal Finance App Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Personal Finance App Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Personal Finance App Market Size & Forecast, 2020-2028
4.5.1 Personal Finance App Market Size and Y-o-Y Growth
4.5.2 Personal Finance App Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Android
5.2.2 IOS
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mobile Phones
6.2.2 Tablets
6.2.3 Desktop
6.2.4 Laptops
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Personal Finance App Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Personal Finance App Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Android
9.6.2 IOS
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mobile Phones
9.10.2 Tablets
9.10.3 Desktop
9.10.4 Laptops
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Android
10.6.2 IOS
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mobile Phones
10.10.2 Tablets
10.10.3 Desktop
10.10.4 Laptops
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Android
11.6.2 IOS
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mobile Phones
11.10.2 Tablets
11.10.3 Desktop
11.10.4 Laptops
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Android
12.6.2 IOS
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mobile Phones
12.10.2 Tablets
12.10.3 Desktop
12.10.4 Laptops
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Android
13.6.2 IOS
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mobile Phones
13.10.2 Tablets
13.10.3 Desktop
13.10.4 Laptops
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Personal Finance App Market: Competitive Dashboard
14.2 Global Personal Finance App Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuit
14.3.2 Personal Capital
14.3.3 Lampo Licensing
14.3.4 Wally Yachts
14.3.5 Acorns Grow
14.3.6 Robinhood Financial
14.3.7 Capital One Financial
14.3.8 Wealthfront
14.3.9 Credit Karma
