AI Integration and Robo-Advisory Services Propel Demand for Financial Planning Software Worldwide

News provided by

Nov 02, 2023, 14:45 ET

DUBLIN, Nov. 2, 2023 /PRNewswire/ -- The "Global Financial Planning Software Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The global financial planning software market is poised for significant expansion, with a projected increase of USD 4,693.41 million during the period from 2022 to 2027.

This anticipated growth reflects a substantial Compound Annual Growth Rate (CAGR) of 16.85% during the forecast period. The market's acceleration is primarily attributed to the increasing complexity of financial management, the rising number of high-net-worth individuals on a global scale, and growing awareness regarding the importance of financial planning.

Market Dynamics

The global financial planning software market analysis encompasses a comprehensive examination of market size and forecasts, industry trends, growth drivers, and challenges, along with a vendor analysis featuring approximately 25 vendors. The report provides an up-to-date analysis of the current market scenario, recent trends, drivers, and the overall market environment.

Market Segmentation

The global financial planning software market is segmented as follows:

By Component:

Software
Services

By Application:

Financial advice and management
Portfolio/accounting/trading management
Wealth management
Personal banking

By Geographical Landscape:

North America
Europe
APAC (Asia-Pacific)
South America
Middle East and Africa

Key Findings

The incorporation of artificial intelligence (AI) technology into financial planning software is expected to be a key driver of market growth in the coming years. Additionally, the growing utilization of robo-advisory services and the increasing adoption of mobile and cloud-based financial planning solutions are anticipated to contribute to significant market demand.

Competitive Landscape

The report covers various companies operating in the financial planning software market, including:

Accutech Systems Corp.
AssetBook LLC
BlackRock Inc.
Ebix Inc.
Economic Security Planning Inc.
eMoney Advisor LLC
Empower Annuity Insurance Co. of America
Envestnet Inc.
Fin365 Pty Ltd.
Instream Solutions LLC
InvestCloud Inc.
Morningstar Inc.
Nest Wealth Asset Management Inc.
Orion Advisor Solutions Inc.
Quicken Inc.
RightCapital Inc.
SAP SE
Wealthcare Capital Management LLC
WealthTec LLC
WealthTrace LLC

For more information about this report visit https://www.researchandmarkets.com/r/u7e85n

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets