DUBLIN--(BUSINESS WIRE)--The "Financial Planning Software Market By Component, By Deployment Mode, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the financial planning software market size was valued at $3.7 billion in 2021, and is estimated to reach $16.9 billion by 2031, growing at a CAGR of 16.6% from 2022 to 2031.
Financial planning is a long-term process of wisely managing finances so that users can achieve their goals, while at the same time helping to negotiate the financial barriers that inevitably arise in every stage of life. Financial planning software includes goals-based financial planning software, cash-flow-based financial planning software for financial advisors. In addition, financial planning software provides cash flow analysis, long-term planning, and tax strategy plans.
Furthermore, it offers aggregated account information for an all-in-one financial picture powered by automatically updated data. In addition, it provides client portals for contextual presentation of financial data, plans and goals.
With providing several benefits such as reduction in portfolio risk, diversification, low correlation with other assets, and less regulation, demand for alternative investment continue to rise in the market. In addition, financial managers are investing in new technologies such as artificial intelligence (AI), robotic process automation, robo-advisor, and digital identification (ID) for improving customer experience, enhance financial performances, and improve operational efficiency.
Thus, multiple benefits associated with advance technologies significantly contribute toward the growth of the global financial planning software market. However, strict rules & regulations of the government for wealth management firms and lack of pricing transparency & higher fees are some of the factors that hamper the market growth.
On the contrary, increasing number of high-net-worth individuals (HNWIs) population demanding highly customized financial planning solutions and growing technological advancements are expected to provide lucrative opportunities for finance managers to remain competitive, and achieve deep insights into the products & services offered in the market.
Key Benefits For Stakeholders
- The study provides in-depth analysis of the global financial planning software market share along with current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global financial planning software market size are provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the financial planning software market.
- An extensive analysis of the key segments of the industry helps to understand the global financial planning software market trends.
- The quantitative analysis of the global financial planning software market forecast from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Component
- Solution
- Services
By Deployment Mode
- On-premises
- Cloud
By Application
- Financial Advice and Management
- Portfolio, Accounting and Trading Management
- Wealth Management
- Personal Banking
- Others
By End User
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- Individuals
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Advicent Solutions (NaviPlan)
- eMoney Advisor, LLC.
- Moneytree Software
- MoneyGuide, Inc.
- Miles Software
- MoneyGuide, Inc. (Envestnet)
- Personal Capital Corporation
- RightCapital Inc.
- quicken inc.
- SAP
For more information about this report visit https://www.researchandmarkets.com/r/wmmlku
