$7.6bn
$XXX.Xm
14,380
245
$X.Xbn
The industry gives consumers eyes and ears into the increasingly digital world of personal finance. Finance has continued to grow by integrating with financial institutions, offering highly personalized advice, and negotiating with companies to reduce bills. While the greater economy experienced a temporary setback during COVID, financial software revenue grew, driven by people rushing to create budgets and get finances in order. Financial software revenue has grown at a CAGR of 2.3% to $7.6 billion in 2024, including an increase of 1.6% in that year alone. Meanwhile, profit has fallen due to advances in product offerings by the largest technology companies and a growing number of competitors offering advice.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $7.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Intuit Inc. | 155.7 | 28.6 | 18.3 | |
Envestnet, inc. | 99.2 | 1.6 | 1.6 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Bank reconciliation and transaction tracking, Budgeting and Bill-paying. Bank reconciliation and transaction tracking is the largest segment of the Personal Finance & Money Management Software Developers in the US.
Bank reconciliation and transaction tracking categorize past monetary actions
Companies in this industry create personal finance management software. Products are aimed at helping users 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.
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NAICS 51121 - Personal Finance & Money Management Software Developers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Countercyclical activity from financially worried individuals is pushing revenue up. While these factors remain afoot, they did not substantially impact the industry as per c...
Learn about an industry's products and services, markets and trends in international trade.
Many products in finance use a consumer's transaction to make personalized recommendations. Only the guidance changes between many financial software products.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Physical location is unimportant for software companies, even in the financial space. Still, some companies like being in specific areas to attract attention from nearby clie...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Large software companies benefit from transforming global business. Colleges and education systems will focus on the most established software, encouraging companies to lever...
Learn about the performance of the top companies in the industry.
Software creation has barriers to entry so low that individuals can enter the market. These individuals often seek a buyout from a major player instead of total market contro...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
As a relatively new industry, software development generally experiences little regulation. Even COVID failed to hit financial software developers hard, as many worked from h...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Software's replicability reduces purchase and depreciation costs for producers. Still, the nuance and security features mandated in financial software draw down profit, parti...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Personal Finance & Money Management Software Developers in the US industry in United States is $7.6bn in 2024.
There are 245 businesses in the Personal Finance & Money Management Software Developers in the US industry in United States, which has grown at a CAGR of 4.9 % between 2019 and 2024.
The market size of the Personal Finance & Money Management Software Developers in the US industry in United States has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Personal Finance & Money Management Software Developers in the US industry in United States is expected to grow.
The biggest companies operating in the Personal Finance & Money Management Software Developers market in United States are Intuit Inc. and Envestnet, inc.
Personal finance and money management software development and Personal finance and money management software publishing are part of the Personal Finance & Money Management Software Developers in the US industry.
The company holding the most market share in United States is Intuit Inc..
The level of competition is high and increasing in the Personal Finance & Money Management Software Developers in the US industry in United States.