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Increase in focus of organizations on digitization of their financial services and upsurge in internet users across the globe fuel personal finance software market growth. However, security and compliance issues in personal finance software and the availability of open-source finance software hamper the growth of the market. Furthermore, increased adoption of personal finance software among developing economies is expected to provide lucrative opportunities for market growth. The main purpose of personal finance software is to reduce the cost of financing by performing different tasks such as recording, analyzing, compiling, and interpreting financial data of every transaction.
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Personal Finance Software Market Size, Share, Demand, Forecast 2021-2026
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Personal Finance Software Market Size, Share, Demand, Forecast 2021-2026

The global personal finance software market attained a value of about USD 1.07 billion in 2020 and expected to grow in the forecast period of 2021-2026 at a CAGR of 5.7% to reach nearly USD 1.49 billion by 2026.