Financial Planning Software Market Size & Share Global Analysis Report, 2022-2030
Financial Planning Software Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030

Financial Planning Software Market Share, Size, Trends, Industry Analysis Report, By Type (Solution, Service); By Deployment; By End Use; By Application; By Region; Segment Forecast, 2022- 2030

  • Published Date:Dec-2022
  • Pages: 115
  • Format: PDF
  • Report ID: PM2890
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Outlook

The global financial planning software market was valued at USD 3,616.9 million in 2021 and is expected to grow at a CAGR of 16.3% during the forecast period.

Financial planning software is a tool that is meant to combine a user's accounting transactions and separate this knowledge to offer the appropriate analytical output for enhanced financial planning. This piece of software accepts a variety of economic data as input and may be used to handle bank records, banking transactions, investments monitoring, asset management, financial planning, and other duties. The epidemic impacted both investors and financial advisory businesses, and investors saw immediate effects on their existing investments. Furthermore, enterprises with bigger customer bases have depended on electronic ways to interact with consumers, which has become a challenge to the financial planning software industry.

Financial Planning Software Market Size
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The increased demand for customers to track and manage their income, as well as the boom in mobile applications throughout the world, are the primary drivers driving the financial planning software market expansion. Furthermore, an increase in the focus of companies on digitalizing their financial services, as well as an increase in internet users globally, drive market growth.

The growing need for financial planning software has fueled the expansion of the financial market, as more businesses shift their focus to the software section. However, changing client preferences and rigorous regulations are expected to have a negative impact on the financial planning software market throughout the projected period.

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Industry Dynamics

Growth Drivers
Automation is often regarded as time-saving and useful in manufacturing and other industries. Financial technology has been employed in a variety of ways in the finance business. The digitalization of the financial services industry has increased the use of online systems for trading and other financial transactions. Automation has also altered the methods of financial advisors in a specific environment. Collecting client data, for example, has traditionally been a time-consuming procedure that required the physical gathering of client papers, the transfer of those materials from the customer to the adviser, and the human extraction of relevant pieces of data from those papers before being fed into various systems held by the advisor.

Communication is essential at many stages of the planning cycle. Money managers spend a significant amount of time engaging with their customers, both verbally and nonverbally. Numerous means of communication are now possible because of technological advancements. Such technology has the potential to either enhance or decrease the time spent on financial planning.

Report Segmentation

The market is primarily segmented based on type, deployment, application, end-use, and region.

By Type

By Deployment

By Application

By End-Use

By Region

  • Software
  • Services
  • Cloud
  • On-premises
  • Financial Advice and Management
  • Portfolio, Accounting, and Trading Management
  • Wealth Management
  • Personal Banking
  • Others
  • Small and Medium Enterprises (SME’s)
  • Large Enterprises
  • Individual Purpose
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Software segment is projected to witness significant growth

The solution category dominated the financial management software industry. This is because of the notion that it demonstrates the tolerance for loss and the flexibility of investment possibilities. It also recommends acceptable product combinations. Access dynamic "what-if" analysis to compare various financial planning alternatives, alternative investment methods, commitment or income levels, and portfolio terms. As a result, they are the most important growth variables for wealth management solutions.

Financial planning solutions assist in assessing investment eligibility, displaying possible loss, and aligning financial products and services with a client's risk profile and allocation of resources necessary. It shows how a certain investment portfolio matches the client's objectives by recreating the overall risk, catastrophe risk, and sequencing of outcomes risk.

Cloud-based deployment dominated the market in 2021

The combination of the company's cloud-based software and pre-mapped accounted increase in version control and reduces mistakes. The software fosters good financial behavioral change through continuing education that educates users the consequences of their financial actions. New mobile formats allow planning technology to embrace customer experience and human relationship that have proven extremely effective in other sectors' mobile apps. These technologies provide financial experts with a long-desired form of communication with newer people of those without significant means in a hybrid approach.

Keeping up with law changes may be a significant issue for finance, especially with recent developments like as Brexit, Covid-19 rules, GDPR, and Making Tax Digital, to mention a few. As older software systems sometimes do not accommodate new updates due to compliance requires a significant amount of human labor.

The demand in North America is expected to witness significant growth

North America is expected to dominate the market in 2021. This is due to reasons such as greater internet dependency, higher mobile app usage, increased adoption of financial planning computer, and the accessibility of open-source solutions, which are driving the expansion of the personal finance software field in this area. According to a 2021 poll, financial planning software packages are the most significant technology tool for financial advisers. While many businesses utilize some of the software groupings, others are extremely specialized to financial advisers. Solutions for customer engagement, risk tolerance, and data management are ubiquitous across sectors.

For instance, MoneyGuidePro is the most prominent financial adviser software application in terms of market share, accounting for further over 30% of the industry's customer base by user in 2021. MoneyGuidePro, which debuted in 2020, is regarded to be among the most complete tools. MoneyGuidePro success may be credited in part to its visually appealing, user-friendly presentation. The primary gateway is intended to completely engage the client, featuring a Play Zone where the customer may enter various choices and options to view potential outcomes. The adviser retains complete control over the software.

eMoney provides a comprehensive software and is well-known for its extensive cash flow analysis tool. eMoney Pro's market share increased to more than 20% in 2021, from 15% in 2020. RightCapital finished third in 2021, with more over 8% of the market dominance. It is a relatively young program, having been founded in 2015 in North America, particularly in comparison to the other technology leaders.

Competitive Insight

Key players include RightCapital, quicken, MoneyGuide, Miles Software, Personal Capital Corporation, SAP Advicent Solutions (NaviPlan), eMoney Advisor, and Moneytree Software.

Recent Developments

  • In 2022, Moneytree Software incorporates Riskalyze into its Financial Planning Tool Suite.
  • In 2022, Bambu introduces a financial services predictive planner for Microsoft Cloud.
  • In 2022, Advyzon is the latest wealthtech company to introduce a TAMP. Advyzon, is one of the latest wealthtech business, offering out-sourced investment services.

Financial Planning Software Market Report Scope

Report Attributes


Market size value in 2022

USD 4,203.16 million

Revenue forecast in 2030

USD 14,067.40 million


16.3% from 2022 - 2030

Base year


Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By Deployment, Component, End-Use, Application, and By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

RightCapital Inc., quicken inc., MoneyGuide, Inc., Miles Software, MoneyGuide, Inc. (Envestnet), Personal Capital Corporation, SAP Advicent Solutions (NaviPlan), eMoney Advisor, LLC., Moneytree Software