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...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
What Our Customers Say

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 - Industry SWOT Analysis Chapter

    The Personal Finance and Money Management Software Developers industry is currently in the growth phase of its life cycle. Over the 10 years to 2022, industry value added, which measure the industry's contribution to the overall economy, is expected to increase at an annualized rate of 3.4%, above average GDP growth of 2.1% during the same period. Companies in the industry are innovating new ways of delivering their products to consumers (e.g. over a web browser, through a software-as-a-service business model or through bank websites) and new entrants are offering users new features and methods to manage their finances. Usage rates will continue to grow, though revenue growth will not match until operators can sharpen their revenue models...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 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.
  • Why buy this report?

    The Personal Finance & Money Management Software Developers industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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