Market Research Future (MRFR) has published a cooked research report on the “Global Financial App Market” that contains information from 2018 to 2030. The Financial App market is estimated to register a CAGR of 12.14% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Financial App market— Accenture Plc (Ireland), FIS Corporation (U.S.), Fiserv Inc (U.S.), IBM Corporation (U.S.), Infosys Ltd (India), Misys (U.K), Oracle Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), and Temenos Group AG (Switzerland).
Financial App Market Highlights
The global Financial App market is accounted to register a CAGR of 12.14% during the forecast period and is estimated to reach USD 2.80 billion by 2030.
The financial app market encompasses a wide range of mobile applications designed to assist users in managing their personal and business finances. These apps offer features such as budgeting, expense tracking, investment management, bill payment, and financial planning, providing users with convenient tools to enhance their financial decision-making and management capabilities.
Segment Analysis
The global Financial App market has been segmented based on Software.
On the basis of Software, the market is segmented into audit, risk & compliance, BI & analytics applications, and business transaction processing. Market share belonged to the BI & analytics applications segment. Market expansion will be sparked by elements like BI and analytics. The capabilities of financial apps will be expanded by BI and analytics. Among the characteristics of these apps are knowledge assessment, KPI functions, analytics, and reporting. The service tools are now more readily available thanks to BI and analytics. This BI will result in an expansion of the financial app market's services. Large-scale industries will fuel need for bid fat analytics.
Regional Analysis
The global Financial App market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Financial App market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Financial App market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Financial App market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Financial App Market dominated this market in 2022. Big analytics is also a highly sought-after solution in China. The primary market driver is the demand for analytical technology. India is undergoing significant financial and institutional development, which will foster the expansion of the regional market.
Additionally, the market for financial apps in Europe holds the second-largest market share as a result of the increasing use of technology like business intelligence to support professional services. Additionally, the UK Financial App market had the quickest rate of growth in the European Region, while the German Financial App market had the largest market share.
Moreover, From 2023 to 2030, the Asia-Pacific Financial App Market is anticipated to experience the fastest CAGR growth. Growing digitalization in several industries is to blame for this. Additionally, the Indian Financial App market had the quickest rate of growth in the Asia-Pacific region, while China's Financial App market had the largest market share.
Key Findings of the Study
- The global Financial App market is expected to reach USD 2.80 billion by 2030, at a CAGR of 12.14% during the forecast period.
- The Asia-Pacific Financial App Market dominated this market in 2022. Big analytics is also a highly sought-after solution in China. The primary market driver is the demand for analytical technology. India is undergoing significant financial and institutional development, which will foster the expansion of the regional market.
- Based on Software, Market share belonged to the BI & analytics applications segment. Market expansion will be sparked by elements like BI and analytics. The capabilities of financial apps will be expanded by BI and analytics.
- Accenture Plc (Ireland), FIS Corporation (U.S.), Fiserv Inc (U.S.), IBM Corporation (U.S.), Infosys Ltd (India), Misys (U.K), Oracle Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), and Temenos Group AG (Switzerland).
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Companies Covered | 15 |
Pages | 100 |
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