If the first created financial apps required a person to contribute all their income and expenses, everything could be done automatically. The information is systematized, analyzed, and the user observes his/her expenses on charts and diagrams ad oculos. So the user can not only save, but also earn.Īll accounts, bank cards, e-wallets, and other money custodians are collected in one place. What is a Finance App and Why do People Need ThemĪl finance app, also known as money management or budget app, is a mobile personal income/expense tracking application with a variable functions set that allow you not only to control personal spends, but also advise where to invest. personal finance software market size was valued at $232 million in 2018 and is expected to reach $343 million by 2026, registering a CAGR of 5% from 2019 to 2026. According to Allied Market Research the U.S.
In addition, the emphasis is on the fact that it is mobile applications, not web versions, that are now a more promising segment. And already AppsFlyer pointed to a 354% growth in the popularity of personal finance apps in the 5 years from 2014 to 2019. According to Google, back in 2016, 73% of smartphone users used at least one finance management app.
However, this does not mean that smartphone owners prefer only to have fun. Among the many different applications, games have been the undisputed market leaders for several years.
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