8/11/2023 0 Comments Personal budget softwareIt provides a comprehensive set of tools and features that enable users to track income, expenses, investments, budgets, and financial goals in a structured and organized manner. Personal finance software is a specialized computer program or application designed to help individuals manage their personal finances effectively. In addition, rising number of digital payments and online banking platforms is increasing the complexity and volume of financial data, which is contributing to the personal finance software market growth. By adopting finance tracking solutions, they can streamline these tasks, accurately track their finances, and gain better control over their financial activities. Nowadays, they often deal with multiple accounts, transactions, and payment methods, making manual tracking and reconciliation processes cumbersome and error-prone. As a result, they are utilizing various finance tracking solutions that provide a secure environment for managing their financial transactions, expenses, and budgets. They are focusing on handling their finances effectively to ensure profitability, compliance with regulations, and personal financial well-being. Both individuals and small businesses face similar financial challenges as larger enterprises but with fewer resources. The increasing demand for safe, secure, and efficient finance tracking solutions among individuals and small businesses represents one of the major factors propelling the market growth around the world. Rising Demand for Safe, Secure, and Efficient Finance Tracking Solutions Impelling Market Growth Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.15% during 2023-2028. The growing need to track and manage income, integration of the internet of things (IoT), and wide availability of digital services and mobile apps represent some of the key factors driving the market. The global personal finance software market size reached US$ 1.2 Billion in 2022.
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