Press release
Personal Finance Mobile App Market To Offer Lucrative Growth Opportunities For Players During Forecast Period 2022 - 2031 : Fact.MR
According to a latest comprehensive study by Fact.MR, a market research and competitive intelligence provider, total yearly transactions through personal finance mobile apps is almost equivalent to 1% of global banks' AUM (asset under management).Increasing penetration of smartphones and the Internet across the globe is likely to augment demand over the coming years. Currently, global penetration of smartphones is almost 78%, which is further expected to increase exponentially. Globally, 3.8 Bn people are using smartphones, and more than 6 Bn are in use. The smartphone industry has witnessed 27% CAGR growth during the past half-decade.
For critical insights on this market, request for More Info - https://www.factmr.com/connectus/sample?flag=S&rep_id=6945
By January 2021, it is been reported that more than 4.5 Bn of active Internet users were across the globe, which is almost 60% of the total world's population. Among these, more than 92% access the Internet through mobile phones, which is roughly 4.3 Bn. As such, increasing number of Internet users on mobile phones will lend further impetus to the demand for personal finance mobile apps.
Integration of artificial intelligence and blockchain are likely to propel demand owing to increased efficiency and personalized service experiences. Blockchain is employed to store data, whereas, artificial intelligence is used for data analysis. Artificial intelligence is the core factor for personalized experience, and AI tracks the spending behavior and income of particular individuals. Then these, in accordance, provide personalized advice or solutions to users.
Key Segments :
By O.S. (Operating Software) :
Android
iOS
Others
By Subscription :
Free / Premium
Paid
By Service :
Tracking Expenses & Budgeting
Investments
Universal
Payment Apps
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
Request more information about Report Methodology - https://www.factmr.com/connectus/sample?flag=RM&rep_id=6945
Key Takeaways from Market Study
Overall time spent on investment and trading apps increased Y-o-Y more than 50% in 2020.
In 2019, per capita income was US$ 11,417, which was increase of 0.39% in comparison to 2018, whereas, in 2020, a decline of 4.3% was registered owing to unprecedented outbreak of Covid-19.
In 2019, smartphone sales hit a high of 1.54 Mn, although they were down to 1.38 Mn in 2020 due to Covid-19.
Over the next decade, transaction value of personal finance apps is presumed to grow 3X on the back of investing services.
Winning Strategy
Prominent players providing personal finance mobile apps are inclined towards the integration of a wide horizon of services, including investments, peer payments, budgeting, and more. This aids in cornering a significant chunk of the consumer base, which may uphold the growth trajectory of the market in the medium- and long-term period.
For in-depth competitive analysis, Now - https://www.factmr.com/checkout/6945
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Personal Finance Mobile App Market To Offer Lucrative Growth Opportunities For Players During Forecast Period 2022 - 2031 : Fact.MR here
News-ID: 2761270 • Views: …
More Releases from Fact Mr
Global Feed Grain Market Gains Traction With $69.9 Billion Valuation Forecast by …
The global feed grain market is a crucial pillar of the agricultural and animal husbandry sectors. Feed grains, such as corn, wheat, barley, oats, sorghum, and rye, form the foundation of livestock diets, fueling growth and productivity across poultry, cattle, swine, and aquaculture industries. With the growing global demand for meat, dairy, and animal-derived products, feed grains play an essential role in sustaining the supply chain. As the population increases…
Edible Food Perfumes Market Set to Flourish Amid Rising Culinary Innovations Glo …
The global edible food perfumes market is undergoing a transformative shift, as the intersection of sensory indulgence and culinary innovation fuels demand for novel food experiences. Edible food perfumes-aromatic sprays or essences applied directly to food or used during preparation-are quickly emerging as a premium trend in the global food and beverage industry. Designed to enhance flavor perception through olfactory stimulation, these fragrances offer consumers a multisensory experience that elevates…
Global Alginate Market Gains Traction Amid Rising Demand Across Key Applications
The global alginate market is steadily gaining momentum, driven by the diverse applications of this natural polysaccharide in industries ranging from food and beverage to pharmaceuticals and textiles. Derived from brown seaweed, alginate has found increasing relevance due to its unique thickening, gelling, and stabilizing properties. As consumer preference shifts towards clean-label, plant-based, and environmentally sustainable ingredients, the demand for alginate is rising across the globe. The market is poised…
Global Food-Grade Molds Market Poised for Expansion With 3.2% CAGR Over the Next …
The food industry is undergoing a remarkable transformation, driven by innovations in manufacturing technologies and increasing demand for quality, safety, and consistency. Among the many unsung heroes facilitating this evolution are food grade molds-essential tools that play a pivotal role in shaping, forming, and maintaining hygiene standards during food production. The global food grade molds market is witnessing significant expansion, fueled by advancements in food processing, increasing demand for customized…
More Releases for Internet
Quantum Internet Alliance launches Quantum Internet Application Challenge
Quantum enthusiasts get a chance to co-create the future quantum internet
DELFT, THE NETHERLANDS-The Quantum Internet Alliance (QIA) has announced the launch of its first ever Quantum Internet Application Challenge (https://quantuminternetalliance.org/quantum-internet-application-challenge-2023/), an initiative encouraging quantum enthusiasts to take part in shaping the future of the quantum internet.
"The role of the community-from students and enthusiasts to scientists and industry leaders-in our mission of building a global quantum internet is pivotal. And the…
Rural Internet Market is Booming Worldwide | AT&T Internet, Ziply Fiber, HughesN …
The latest study released on the Global Rural Internet Market by AMA Research evaluates market size, trend, and forecast to 2028. The Rural Internet market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download Sample Report…
Internet of Things Devices Market - Extending Internet Connectivity Beyond Stand …
This study researches the market size of Internet of Things Devices in United States, European Union and China, presents the Internet of Things Devices production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share…
Internet of Things Market - ZigBee Leads Global Internet of Things Market
Global Internet of Things Market: Overview
The Internet of Things refers to the interrelated devices that are able to transfer data over a network without requiring computer and human interaction devices. Internet of Things is directly and indirectly associated with daily lifestyle products across the globe. Internet connectivity is one of the major requirements of different application as it is expected to grow at high rate in next forecast period. Furthermore,…
Sextillion Internet Possibilities
arvato Systems is introducing a new Internet Protocol Standard, IPv6
arvato Systems (Gütersloh, Germany) -- The number of IP addresses available is in decline. Without them, the internet cannot function. That’s why arvato Systems is heeding the Internet Society’s call to action, and participating in this year’s IPv6 launch day. The new protocol will exponentially expand the number of available IP addresses.
IPv6, or ‘Internet Protocol Version 6’ is a new Internet…
New Internet Marketing Platform Released to Help Internet Marketers
The Six Figure Mentors, a new UK-based company, is finally ready to be launched in cyberspace on December 9th, 2010.
Created by Stuart Ross and Daniel Wagner, two very experienced Internet marketers, the new platform aims at teaching new Internet marketers how to set and manage their own business. According to Ross, "I created this system to address the frustrations I had, which are shared by the majority of internet…
