Financial App Market Outlook 2024: Exclusive Report By The Business Research Company | Intuit Inc., Personal Capital Corporation, Appello Inc., Arateg LLC, Emizen Tech Pvt. Ltd., NIX United Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2321

The Business Research Company offers in-depth market insights through Financial App Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The financial app market size has grown rapidly in recent years. It will grow from $1.33 billion in 2023 to $1.5 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to digital transformation in banking, security and trust improvements, convenience and accessibility, regulatory changes, market competition and innovation..

The financial app market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to focus on financial wellness, rise of embedded finance, enhanced cybersecurity measures, expansion of cryptocurrency integration, ai and machine learning integration.. Major trends in the forecast period include green and sustainable finance solutions, evolving ux/ui designs, expansion of peer-to-peer (p2p) payments, open banking initiatives, robo-advisors and automated investing..

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Market Segmentation:
The financial app market covered in this report is segmented -

1) By Type: Banking, Stock Trading, Digital Wallets, Payment System
2) By Service: Consulting Services, Operations And Maintenance, Training And Support Services, Integration Services
3) By Deployment: On-Premise, Cloud
4) By Application: Tracking Expenses, Investments, Budgeting, Payment App

Major Driver - Digital Transformation Fuels Growth Of Financial App Market
Growing digitalization in many industries is expected to propel the growth of the financial app market going forward. Digitalization refers to turning paper documents or other materials into digital ones. A business model is being more thoroughly transformed to use digital processes instead of analogue ones. Due to advancements in mobile and digital technologies, as well as the ease with which people can now invest and borrow money, the financial services sector has seen a significant transformation in recent years. The technology also makes it simpler for institutions to manage their operations and transactions. Thus, growing digitalization is helping the financial app market flourish in organizations. For instance, in November 2022, according to a report shared by Zippia, a US-based internet and web services startup, 70% of businesses either already had a digital transformation strategy in place or were developing one. In 2021, the global expense of digital transformation was $1.5 trillion. By 2023, it is anticipated that global spending on digital transformation will reach $6.8 trillion. In 2021, 56% of businesses was prioritizing digital transformation worldwide. Therefore, growing digitalization in various industries is driving the growth of the financial app market.

Competitive Landscape:
Major companies operating in the financial app market report are Intuit Inc., Personal Capital Corporation, Appello Inc., Arateg LLC, Emizen Tech Pvt. Ltd., NIX United Inc., Shakuro Inc., Arka Softwares Inc., Peerbits Technologies Pvt. Ltd., Endive Software LLC, Diceus Inc., Sidebench Studios LLC, Mint Inc., You Need a Budget LLC, Prism Software, Spendee ApS, Goodbudget, Venmo Inc., Wally Inc., Acorns Grow Inc., Revolut Ltd., Moneydance LLC, Banktree Inc., Google Finance, Money Dashboard Ltd., Bankin', Toshl Inc., Quicken Inc., Yahoo Finance, YNAB Labs LLC

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Top Trend - Technological Advancements Reshape The Financial App Landscape
Technological advancement is a key trend in the financial app market. Major companies operating in the financial app market are focused on introducing new applications to sustain their position in the market. For instance, in September 2021, PayPal Holdings, Inc., a US-based financial technology company, launched a super app. The new app combines shopping features like the ability to make purchases with a QR code, fund them through its Buy Now Pay Later option, and find deals through Honey with PayPal's banking and money movement capabilities, such as cross-border remittance, person-to-person capabilities, and crypto solutions. The ability to receive direct deposit (Bancorp Bank), deposit money in a savings account (Synchrony), and pay bills are just a few of the new capabilities that PayPal has launched in collaboration with its banking and technology partners (Paymentus). All of these tools will still be available separately, but the app combines them all through its dashboard, giving users a chance to have more control over their financial actions.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Financial App Market Characteristics
3. Financial App Market Trends And Strategies
4. Financial App Market - Macro Economic Scenario
5. Financial App Market Size And Growth
…..
27. Financial App Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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