The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global increase in mobile apps is likely to stimulate innovation in financial planning software production, boosting the market during the forecast period.

The global financial planning software market is expected to grow from $3.61 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The global financial planning software market size is expected to reach $7.92 billion in 2027 at a CAGR of 16.7%.

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Global Financial Planning Software Market Segments Include:

• 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, Other Applications
• By End-Uses: Small And Medium-Sized Enterprises (SMEs), Large Enterprises, Individual Purposes, Other End-Uses
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global financial planning software market in 2021.

Major Market Players in the financial planning software market include PIEtech Inc., eMoney Advisor LLC, Advicent Solutions, Moneytree Software, WealthTec LLC, Advisor Software, Envestnet Inc., InStream LLC, Advizr Inc., RightCapital Inc., Razor Logic Systems.

Technological progress is a crucial trend that is gaining traction in the financial planning software industry. To maintain their market position, major players in the financial planning software industry are embracing new technologies such as artificial intelligence (AI). For example, in May 2022, Conquest, a fintech business located in Canada that specialises in financial planning technology, developed “Conquest Planning,” a financial planning programme in collaboration with Fidelity International, a financial services corporation based in the United States. Conquest Planning uses data and artificial intelligence (AI) to provide advisers with a deeper grasp of their clients’ changing circumstances. This allows counsellors to simulate offers in real time and swiftly assess the impact of the client’s financial conditions on their goals. The system crunches data in various ways, immediately building and comparing various plans to free up advisers’ time to communicate with customers.

The Financial Planning Software Global Market Report 2023  provides a financial planning software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The financial planning software market forecast analyzes financial planning software market size, financial planning software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Financial planning software is a system that allows companies to govern their overall financial management, estimating, and budgeting activities. Financial Planning Software is used to enable analytics, modelling, collaboration, and performance-reporting features, all of which help a user manage financial performance more effectively.

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