Global Financial Planning Software Market Size study, By Component (Solution, Services), By Deployment Mode (On-premises, Cloud), By Application (Financial Advice and Management, Portfolio, Accounting and Trading Management, Wealth Management, Personal Ba

Global Financial Planning Software Market Size study, 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), and Regional Forecasts 2022-2028

Global Financial Planning Software Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
The Financial Planning Software can be defined as is a program, mainly utilized by financial advisors to manage their clients' investments. The platforms provide different tools for tracking investments, analyzing spending and income, and forecasting future needs. This software also handles the storage, analysis, management, and processing of a set of financial transactions, records and processes. The growing FinTech Sector worldwide and increasing awareness towards Financial Planning Software as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2020, Global FinTech revenue was estimated at USD 128.68 billion, and the revenue is projected to grow to USD 192 billion by 2024. Furthermore, leading market players are working towards strategic initiatives including new funding and partnerships. For instance, in August 2020, New York based software startup Cube received a Seed funding of over USD 5 million. The funding lead by California based Bonfire Ventures, and participated by San Francisco based Operator Collective, Santa Monica based Clocktower Technology Ventures, Manchester based Alumni Ventures Group, Colorado based Techstars. Moreover, in May 2022, London, United Kingdom based Fidelity International partnered with Conquest, a Canadian fintech company. Under this partnership the company appointed Conquest as the exclusive distributor of its new financial planning software for the UK advice market. Also, growing emergence of 5G & AI technologies and increasing preference towards online and mobile banking solutions are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a slow penetration rate in developing regions and availability of open-source software impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Financial Planning Software Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing penetration of financial planning software and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the growing number of retail investors and increasing penetration of leading market players in the region, would create lucrative growth prospects for the global Financial Planning Software Market across the Asia Pacific region.

Major market players included in this report are:
Advicent Solutions (NaviPlan)
eMoney Advisor, LLC.
Moneytree Software
MoneyGuide, Inc.
Miles Software
MoneyGuide, Inc. (Envestnet)
Personal Capital Corporation
RightCapital Inc.
quicken inc.
SAP

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
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
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Financial Planning Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Advicent Solutions (NaviPlan)
eMoney Advisor, LLC.
Moneytree Software
MoneyGuide, Inc.
Miles Software
MoneyGuide, Inc. (Envestnet)
Personal Capital Corporation
RightCapital Inc.
quicken inc.
SAP

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