Fintech PR
Personal finance software Market to Reach $ 4,221.1 Million, Globally, by 2032 at 12.2% CAGR: Allied Market Research
The global personal finance software market is experiencing growth due to a rise in need to track and manage income, increase in dependency on the internet, and increase in use of digital transformation technology.
PORTLAND, Ore., Sept. 4, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Personal finance software Market by Product Type (Web-Based Software and Mobile-Based Software), and End-User (Small Businesses Users, and Individual Customers): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global personal finance software market was valued at $1,368.27 million in 2022 and is estimated to reach $4,221.10 million by 2032, exhibiting a CAGR of 12.2% from 2023 to 2032.
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Personal finance software is a program developed to combine a user’s financial information and categorize it to provide a desired analytical result, focusing on enhancing financial planning. It provides users with the capability to connect their bank accounts, credit cards, and other financial accounts, facilitating the automatic import and categorization of transactions, thereby eliminating the requirement for manual data input. This tool helps in monitoring advancements toward individual financial objectives, notifying users about upcoming bill payments, and delivering prompt reminders to prevent late fees or penalties.
Prime determinants of growth
Rise in need to track and manage income and increase in dependency on the internet is boosting the growth of the global personal finance software market. In addition, the increase in use of digital transformation technology is positively impacting the growth of the personal finance software market. However, lack of awareness about personal finance software and increasing security concerns is hampering the personal finance software market growth. On the contrary, increased adoption of personal finance software among developing economies is expected to offer remunerative opportunities for expansion of the personal finance software market during the forecast period.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$ 1,368.27 million |
|
Market Size in 2032 |
$ 4,221.1 million |
|
CAGR |
12.2 % |
|
No. of Pages in Report |
173 |
|
Segments covered |
Product type, End user, and Region. |
|
Drivers |
Rise in need to track and manage income Increase in dependency on the internet Increase in use of digital transformation technology |
|
Opportunities |
Increased adoption of personal finance software among developing economies |
|
Restraints |
Increasing security concerns High implementation cost |
Covid-19 Scenario
- The personal finance software market had witnessed stable growth during the COVID-19 pandemic, owing to the stringent restrictions on movement and varying degrees of lockdowns across several countries paralyzed business activities, many people shifted toward digital platforms for banking transactions.
- However, the demand for personal finance software is expected to rise after the pandemic is over owing to the high demand in rural areas of developing countries such as China and India., which is expected to boost market growth.
The web-based software segment to maintain its leadership status throughout the forecast period.
Based on the product type, the web-based software segment held the highest market share in 2022, accounting for nearly three-fourths of the global personal finance software market revenue, owing to increasing demand for real-time data collecting and helps to complete basic transactions, request banking services or receive immediate assistance with the help of live video conferencing consultation with a remote bank teller. However, the mobile based segment is projected to manifest the highest CAGR of 14.7% from 2023 to 2032, owing to the increase in adoption of digital technology across numerous industries and the need to offer better services.
The small businesses users’ segment to maintain its leadership status throughout the forecast period
Based on end-user, the small business users segment held the highest market share in 2022, accounting for nearly more than two-thirds of the global personal finance software market revenue, owing to rising online shopping and growing demand for on-demand banking services globally. The same segment is projected to manifest the highest CAGR of 13.4% from 2023 to 2032.
Asia-Pacific to dominate the market by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one- third of the global Personal finance software market revenue, owing to growing demand for interactive machines and managed services in the financial sector. However, the Asia-Pacific region is expected to witness the fastest CAGR of 15.8% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to a rise in personal finance software technology investment in developing nations such as India and China are accounted development of private and rural banking.
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Leading Market Players: –
- Quicken Inc.,
- The Infinite Kind,
- You Need a Budget LLC,
- Microsoft,
- Moneyspire Inc.,
- doxo Inc.,
- BUXFER INC.,
- Personal Capital Corporation,
- Money Dashboard,
- PocketSmith Ltd
The report provides a detailed analysis of these key players of the global Personal finance software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the personal finance software market analysis from 2023 to 2032 to identify the prevailing opportunity.
- The market research is offered along with information related to personal finance software market outlook, key drivers, restraints, and personal finance software market opportunity.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the personal finance software market segmentation assists to determine the prevailing personal finance software market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global personal finance software market forecast.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the personal finance software market players.
- The report includes the analysis of the regional as well as global personal finance software market trends, key players, market segments, application areas, and market growth strategies of personal finance management software.
Personal Finance Software Market Report Highlights
By Product Type
- Web-based Software
- Mobile-based Software
By End User
- Small Businesses Users
- Individual Consumers
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Market Players: Money Dashboard Limited, Personal Capital Corporation, You Need a Budget LLC, Microsoft Corporation, Quicken Inc., BUXFER INC, doxo Inc, Moneyspire Inc, PocketSmith Ltd, The Infinite Kind
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/personal-finance-software-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe.
The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses, (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.
“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.
“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.
Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.
Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.
About PTI
PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.
PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com
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View original content:https://www.prnewswire.co.uk/news-releases/pti-secures-1-2-billion-multi-jurisdiction-transaction-301942407.html
Fintech PR
BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.
BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.
Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”
Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.
About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com.
About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.
Media Contact:
BranchOut Food Inc.
Email: [email protected]
Fintech PR
SIGMA Financial AI unveils Akili-AI: Cutting-Edge, AI-based, no-code suite of tools for traders
– Augments trader’s interactions and transforms decision-making capabilities
– Handles the full extent of structured to unstructured financial data
– Mitigates portfolio exposure risk and accelerates speed to market
LONDON, Sept. 28, 2023 /PRNewswire/ — SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI*, a sophisticated suite of enterprise-ready trading strategy tools. Akili-AI is a cutting-edge, no-code solution enabling data-driven insights to support the specialist needs of the global financial services trading community.
Akili-AI incorporates machine learning (ML) and natural language processing (NLP) to deliver agile tools which are more intelligent, faster and easier to use, enabling traders to create strategies at a scale and speed unachievable without AI support. Completely asset-class and instrument-agnostic, the Akili-AI system streams real-time trading data, allowing users to screen, test and design complex trading strategies promptly.
Their SaaS-based Pattern matching platform (Patterns as a Service) helps traders monitor thousands of instruments in real-time, scanning charts for momentum changes, technical signals, support, and resistance zones. The NLP research function supports fundamental and technical qualifications from thousands of news, social media and traders’ data. Akili-AI’s flexible modular architecture, built using modern protocols, is cloud-based and scales to support the largest trading enterprises.
Andy Simpson, Co-founder and CEO, commented, “Traders are having to cope with a constant squeeze on their book; this, combined with a huge increase in data volumes, has created the need for transformative solutions which can help them find an edge. They need the ability to find new liquidity fast, enhance their trade execution capabilities, and reduce portfolio risk; Akili-AI can deliver all this at a lower cost point and faster than ever.”
“Akili-AI transforms market interaction and improves productivity by liberating traders from the constraints imposed by long-established, outdated working practices and legacy technology infrastructures. Accelerated speed to market is crucial in an industry where every second counts. Our mission is to provide AI-based solutions which enhance the human experience – not replace them – helping to generate more revenue and increased profitability,” Andy continued.
Rob Maunder, Co-founder and Chief Commercial Officer, said, “Our pioneering and creative team is an unusual blend of deep financial services experience, phenomenal engineering and world-class AI technologists who bring an unrivalled track record of developing new platforms at pace. We break the mould by delivering incredible engineering of low-latency, highly scalable systems drawing on more than a decade of generative AI experience in the social media and music industries.”
Andy concluded, “Akili-AI is the start of a refreshingly different journey of technological change; watch this space. There is much more to come.”
Akili-Ai will be showcased in the Innovators Pavilion at the FIA’s Futures and Options Expo on October 2-3, 2023 at the Sheraton Grand Chicago Riverwalk.
*Akili is the Swahili word for intelligence.
About SIGMA Financial AI:
We provide traders with a set of tools that are faster, smarter and easier to use. Our AI machine learning product suite unlocks trading opportunities through real-time analytics underpinned by world-leading, scalable, ultra-low latency architecture.
Note to Editors: For more information about SIGMA Financial AI, please visit www.sigmafinancial.ai.
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