Small returns: Despite increased online banking, free services will stifle potential high growth

The Personal Finance and Money Management Software Developers industry is currently in a period of slow growth. As free-to-use, web-based personal finance programs became available, more consumers opted to use these services over industry products. Over the next five years, continued economic recovery will compel high-income consumers, this industry's biggest market, to hire financial advisors. Furthermore, growth will continue due to licensing by banking institutions and a switch to the software-as-a-service model...purchase to read more.

Industry Statistics & Market Size
Revenue
$312m
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
780
Businesses
89
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from the increased use of online banking
  • Free web-based personal finance software has grown in popularity
  • Despite the improved economy and rising demand, industry revenue will only grow slightly
  • Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry. Software development is an industry with no formal or high-cost prohibitions preventing the release of an application or program; a small (though highly-skilled) team equipped with low-cost computers and rented server space can launch a product with little challenge.The highest barrier to entry in this industry is employment; software development companies often struggle to find the right team members to form a team and software developers often command high wages, given their education and highly specialized skillset. The average industry employee will earn over $140,000 in 2017, an expense many new entrants cannot afford. In ...purchase to read more.

    Additional Insights for the Personal Finance & Money Management Software Developers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Personal Finance & Money Management Software Developers Industry are

  • Undertaking technical research and development
  • Access to highly skilled workforce
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from commercial banking in the Personal Finance & Money Management Software Developers industry impact industry performance..

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    What's in this report

    What is the Personal Finance & Money Management Software Developers Industry?

    Companies in this industry create personal finance management software. Products are aimed at allowing users to manage disparate financial holdings. Software will often provide single-password access to multiple sources and provide some account aggregation functionality. This industry includes both packaged software and online-only software.

    Industry Products
  • Bank reconciliation and transaction tracking
  • Budgeting
  • Bill paying
  • Management
  • Industry Activities
  • Personal finance and money management software development
  • Personal finance and money management software publishing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from commercial banking
  • Percentage of services conducted online
  • Number of mobile internet connections

  • Current Performance
  • Transition to cloud
  • Mergers and acquisition activity
  • Mobile first
  • Murky impacts of web-based programs
  • The fluctuating and changing customer base
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue issues
  • Technological development opens new markets
  • Expansion
  • Table: Personal Finance & Money Management Software Developers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Personal Finance & Money Management Software Developers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Consumers

  • Key Selling Industries
  • Computer Manufacturing

  • Products & Services
  • Management
  • Bank reconciliation and transaction tracking
  • Budgeting
  • Bill paying
  • Other
  • Chart: Personal Finance & Money Management Software Developers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Users 18 to 34 Years Old
  • Users 35 to 54 Years Old
  • Users 55 to 64 Years Old
  • Users 65 Years Old and Older
  • Chart: Major Market Segmentation for the Personal Finance & Money Management Software Developers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Personal Finance & Money Management Software Developers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Personal Finance & Money Management Software Developers Industry

  • Industry Globalization
    Intuit Inc., Envestnet Inc.,
  • Table: Intuit Inc. - financial performance
  • Table: Envestnet Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Personal Finance & Money Management Software Developers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Personal Finance & Money Management Software Developers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Account Aggregation
  • A product feature that pulls together information from several different financial accounts to produce one consolidated snapshot of a consumer's finances.
  • Cloud Computing
  • Computing model in which storage and computing tasks are handled by networked machines (often servers in a data center owned by the service provider) rather than at the point of consumption.
  • Software As A Service (Saas)
  • Software delivery model in which software and associated data are centrally hosted on the cloud; SaaS is typically accessed by users via a web browser.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Personal Finance & Money Management Software Developers is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Personal Finance & Money Management Software Developers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Personal Finance & Money Management Software Developers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Personal Finance & Money Management Software Developers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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