USD 5.2 Billion
Report ID:
SQMIG45E2332 |
Region:
Global |
Published Date: May, 2025
Pages:
195
|Tables:
115
|Figures:
77
Global Financial Planning Software Market size was valued at USD 5.2 Billion in 2023 and is poised to grow from USD 5.9 Billion in 2024 to USD 20.2 Billion by 2032, growing at a CAGR of 16.6% in the forecast period (2025-2032).
Financial management solutions have witnessed growing demand from customers and businesses who focus greater importance on functional forecasting and budgeting capabilities. Automation solutions are one of the key growth drivers for adoption because they provide efficient and on-time financial planning. Increasing finance level awareness and need for high-end solutions to handle taxes, investment, and assets are also fueling adoption across the small and medium-sized business enterprise as well as large-scale organizations.
Another key motivating factor for this industry is the heightened emphasis on processing real-time data. Consumers and businesses increasingly showing interest in learning more about their finances are seeing applications giving them instant updates and projections grow in importance. Universal adoption of cloud technology is also a contributory factor behind the trend, with scalability, flexibility, and lower initial outlay for the consumer. Such systems integrated within other enterprise resource planning (ERP) systems simply make them more desirable by virtue of the ability to handle finances as a single entity.
Despite this, several challenges hinder wide adoption of the tools. The cost of setting up and requiring expert training poses a major problem, particularly for small organizations. Besides, concerns of data security and privacy, especially in cloud-based platforms, continue to be a stumbling block for many prospective users. Such issues together with coping with constantly evolving financial regulations are daunting to some, which may dissuade them from fully adopting innovative financial planning technology, thereby constraining the growth of markets.
Artificial intelligence (AI) is revolutionizing financial planning by simplifying complex processes and enhancing decision-making capability. According to a Gartner survey in 2024, 58% of finance functions have adopted AI, an increase by a 21-percentage point margin from the last year. The increasing use is attributed to the capability of AI to automate budgeting, forecasting, and risk management, thereby enabling organizations to make informed and timely decisions. Customer satisfaction and engagement are also being influenced by AI-powered solutions like predictive analysis and virtual assistants.
Companies are investing in AI-solutions to enhance financial planning capabilities. For instance, Jedox introduced JedoxAI in 2024, a feature powered by artificial intelligence to improve business planning and analytics through natural language interaction. Innovations like this aim to shatter the barriers to the adoption of AI and unleash its power to revolutionize financial planning practices globally.
Market snapshot - 2025-2032
Global Market Size
USD 5.2 Billion
Largest Segment
Solutions
Fastest Growth
Solutions
Growth Rate
16.6% CAGR
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The financial planning software market is divided into segments on the basis of component, deployment, application, end user and region. Segmentation of the market on the basis of component is solution and services. Segmentation of the market on the basis of deployment is cloud and on-premises. Segmentation of the market on the basis of application is financial advice & management, portfolio, accounting & trading management, wealth management, personal banking and others. The market is categorized on the basis of end users as individuals, small and medium businesses, and big businesses. Region-wise, the market is portrayed across Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America.
The Solution segment is largest because the demand for end-to-end solutions that bring together different financial planning elements is on the rise. 70% of organizations currently give highest importance to automated financial solutions to increase decision-making and productivity. Oracle and SAP are a couple of the major organizations that have been leading the growth, and cloud-based solutions have been widely opted for their scalability and accessibility all over the world.
The Services segment is the most rapidly growing segment in the worldwide paracetamol market, led by growing demand for value-added products such as extended-release drugs and combination products. According to Skyquest’s analysis the market has potential growth of USD 1.07 billion from 2025 to 2029 with services such as e-commerce websites and telemedicine consultations improving accessibility and customer interaction. Firms are investing in digital health products and new delivery channels to address changing consumer needs.
Cloud deployment model is the top segment of the global financial planning software market because it offers scalability, affordability, and timely availability of data. Growth is driven by increased adoption of electronic health records, telehealth solutions, and mobile health applications, all of which leverage the adaptability and responsiveness of cloud infrastructure. Key cloud vendors such as Amazon Web Services, Microsoft Azure, and Google Cloud are offering services to address the growing healthcare demand. The On-premises model is growing at a fast pace within the global market for paracetamol due to rising data security threats and compliance regulations.Companies are investing in on-premises offerings to own critical data and impose rigid compliance to severe laws. This is particularly prevalent in those nations with solid data protection acts, where businesses concentrate on on-premises infrastructure to enable risk reduction instead of cloud infrastructures. On-premises offerings also include higher customization and integration, making it possible for companies to configure systems according to their specific demands and procedures.
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North America still leads the global market for financial planning software due to strong regulation, high digital penetration, and technology-aware well-educated consumer bases. The United States is at the forefront with government-backed programs such as the Digital Financial Services Act, which encourages innovation and widespread adoption of AI and cloud-based solutions.
The U.S. dominates the North American financial planning software market due to a robust financial services sector and high rates of adoption of technology. In 2023, the U.S. accounted for approximately 45% of global market share, generating revenues of approximately USD 1.6 billion. Envestnet and Intuit are the key players that continue to innovate, focusing on AI integration and personalized financial products to cater to diverse consumer requirements.
The economy of Canada is characterized by a highly developed financial services sector and a stable economy. The nation is witnessing growth in the adoption of digital banking, with services such as Wealthsimple and Questrade providing robo-advisory investment products. Regulatory reform and an informed consumer base are driving demand for comprehensive financial planning solutions.
Asia-Pacific's financial planning software market is growing at a fast pace, driven by increasing digital adoption and financial literacy. The Indian and Chinese governments have been encouraging fintech initiatives, with Japan leading the way in AI-based solutions. Regionally, demand is driven by growing SMEs, rising internet penetration, and favorable regulatory environments that facilitate technological innovation.
China leads the market, fueled by its robust financial services industry and rapid embrace of digital technology. Chinese fintech growth and government support have created a conducive environment for planning software growth. Shenzhen-based firms such as Kingdee are leading the charge, providing cloud-based enterprise resource planning software that leverages increasing demand for digital management of money.
India is close behind, with a burgeoning fintech space and growing digital awareness among its citizens. Government schemes such as the Pradhan Mantri Jan Dhan Yojana have brought financial inclusion within reach, and thus a vast user pool for financial planning services. The digital push and regulatory initiatives in the country further drive the market.
Japan possesses an established market that is marked by a high appetite for on-site solutions owing to data privacy fears. The country is slowly coming to accept cloud-based financial planning solutions as driven by technological evolution and evolving tastes of consumers.
Europe's financial planning software market is driven by rigorous regulations like MiFID II that promote digitalization and transparency. The UK is leading with a robust fintech ecosystem, boosted by policy intervention from the government. Growing demand for tailored financial solutions and technology breakthroughs with AI and cloud technology also drive regional market expansion.
Germany leads, fueled by the robust finance services industry and technology advancements. There is transformation underway in the country as there's growth in adopting AI-driven software solutions and cloud-based services. Specifically, Wolters Kluwer's CCH Tagetik platform placed highly in the 2024 Gartner Magic Quadrant for Financial Planning Software, which shows the impact of Germany's leadership influencing the market space.
France follows, with digitalization of financial services in full flow. Fintech companies and personal consciousness of handling personal finances are driving the demand for user-friendly, intuitive financial planning software solutions. Among the most dominant trends are the application of AI and automation to enhance financial decision-making processes.
UK Financial Planning Software Market
United Kingdom has witnessed the rise of younger investors, with the likes of Vanguard's UK platform witnessing a 53% surge in assets to the value of USD 32.14 bn. This increase is due to a 23% increase in numbers of clients, and 40% of new clients being aged 30 or younger. The trend shows a shift towards online money management tools by the younger generation.
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Increasing Adoption of Digital Transformation in Financial Services
Rise in Personal Financial Awareness
Lack of Skilled Workforce to Manage Financial Planning Software
Customization Challenges for Diverse Client Needs
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The global financial planning software industry is marked by market competitiveness of this kind, by such leading market players as Intuit, Envestnet, and Money Guide, each surfacing with innovations to stay ahead. Initiatives launched by the government, such as the UK's "Fintech Strategy" and U.S. investment in financial inclusion in the digital space, are pushing up the take-up. Increasingly, organizations are looking to AI and cloud technology in a bid to be able to offer tailored financial planning services, governments propelling digital transformation through regulatory policy.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
Based on SkyQuest's analysis, the increasing integration of cloud and AI technologies and higher financial literacy is also set to impact demand for financial planning software through 2030. Nevertheless, market growth is seen to be influenced negatively by the concerns of data security, regulation complexity, as well as hefty customization costs over the long run. Governments around the world, such as those in the U.S. and EU, are driving digital transformation in the financial sector, which is supporting the uptake of innovative solutions. Adoption of cloud solutions and AI-driven tools, combined with government-supported digital finance initiatives, is estimated to open new possibilities for industry players around the world.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.2 Billion |
Market size value in 2032 | USD 20.2 Billion |
Growth Rate | 16.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Financial Planning Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Financial Planning Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Financial Planning Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Financial Planning Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Global Financial Planning Software Market size was valued at USD 5.2 Billion in 2023 and is poised to grow from USD 5.9 Billion in 2024 to USD 20.2 Billion by 2032, growing at a CAGR of 16.6% in the forecast period (2025-2032).
The global financial planning software industry is marked by market competitiveness of this kind, by such leading market players as Intuit, Envestnet, and Money Guide, each surfacing with innovations to stay ahead. Initiatives launched by the government, such as the UK's "Fintech Strategy" and U.S. investment in financial inclusion in the digital space, are pushing up the take-up. Increasingly, organizations are looking to AI and cloud technology in a bid to be able to offer tailored financial planning services, governments propelling digital transformation through regulatory policy. 'MoneyGuidePro (Envestnet)', 'eMoney Advisor (Fidelity Investments)', 'RightCapital', 'Orion Advisor Solutions', 'InvestCloud', 'Morningstar', 'Personal Capital (Empower Retirement)', 'Quicken Inc.', 'Wealthfront', 'Betterment', 'Facet Wealth', 'Planful', 'Workday', 'Anaplan', 'SAP', 'Oracle', 'IBM', 'Vena Solutions', 'Prophix', 'Advicent Solutions (NaviPlan)'
The increasing adoption of digital transformation in financial services is significantly driving the growth in demand for financial planning software globally. Governments are taking the lead by introducing regulations and initiatives, including the EU's Digital Finance Package and the U.S.'s Digital Financial Inclusion Initiative. Such regulations are facilitating digital innovation in financial planning, resulting in huge investments from such leading companies as Intuit and Envestnet. Governments have invested significantly in cloud-based infrastructure, enhancing security and shielding against strict data protection laws such as GDPR. All these are making for a good ecosystem to foster mass adoption of high-end financial planning solutions.
Rising Adoption of AI and Machine Learning in Financial Planning: Governments across the globe are promoting the application of AI in financial services. The ECB has encouraged further utilization of AI as part of initiatives for more financial planning products. With AI technology, complex financial analysis is made automatic to be highly accurate and decision-making. It is increasing, especially among rising countries, owing to regulatory triggers and the demand for customized services.
What makes North America the top market for financial planning software in 2024?
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