In a recent published report, Kenneth Research has updated the market report for Financial planning software Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Financial planning software Market products.
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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
The Financial planning software Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Financial planning software market was valued at USD 9.5 billion in the year 2017. Global Financial Planning Software market is further estimated to grow at a CAGR of 14.8% from 2018 to 2025 to reach USD 22.1 billion by 2025.
The major Industry Players in Financial planning software market are A PIEtech, Inc., eMoney Advisor, Advicent, MoneyTree, Envestnet, Wealthcare Capital Management, WealthTec, SunGard WealthStation (FIS), Advisor Software, Razor Logic Systems, Moneywise Software, Futurewise Technologies, Oltis Software, ESPlanner Inc., FinPal Pty Ltd, Cheshire Software, ISoftware Limited, RightCapital, inStream Solutions, Advizr, struktur AG, WealthTrace, Sigma Conso, prevero GmbH, SAP
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North American market specially US is the major user of financial planning software in comparison with other regions in past couple of years and will be boosting at the same rate in the upcoming years. The US market share is about 60% of the total market followed by European region winning over more than 23% Countries like India, Australia, Canada, Germany etc. are now the booming market for this software.
By Type
*Cloud based market
*On-premise Market
By Application
*Large enterprise
*Small and medium size enterprise
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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