Contact Us

Global AI Powered Personal Finance Management Market Growth 2024, Forecast To 2033

24 Sep, 2024

The AI-powered personal finance management market has grown significantly, increasing from $1.35 billion in 2023 to $1.48 billion in 2024, with a CAGR of 9.8%. This growth is driven by the rise of fintech solutions and the demand for personalized financial advice. The market is expected to reach $2.16 billion by 2028, growing at a CAGR of 9.9%. Future growth will be influenced by economic uncertainty and technological advancements in financial management. Key trends include the integration of blockchain technology and voice-activated financial services.

Major Driver In The AI Powered Personal Finance Management Market

The AI-powered personal finance management market is expected to benefit from the growing adoption of online banking services. These digital platforms offer convenience and security, leading to increased user engagement. A survey conducted by the Australian Banking Association found that over 80% of Australians prefer to manage their finances online. The integration of AI enhances the online banking experience, driving further growth in this market.

Request A Free Sample Of The AI Powered Personal Finance Management Market Report

AI Powered Personal Finance Management Market Competitive Landscape

Goldman Sachs Group Inc., BBVA USA, Intuit Inc., Robinhood Markets Inc., Chime Financial Inc., NerdWallet Inc., MoneyLion Inc., Acorns Grow Incorporated, Personal Capital Corporation, Betterment LLC, Koho Financial Inc., Stash Financial Inc., Quicken Inc., Albert Corporation, You Need A Budget LLC, Wealthfront Inc., Toshl Inc., Wally Technologies Inc., PocketGuard Inc., Tiller Inc., Zeta Help Inc., Emma Technologies Ltd., Qapital Inc.

Key AI Powered Personal Finance Management Market Trend

Major companies operating in the artificial intelligence (AI)-powered personal finance management market are developing new products, such as AI-powered capabilities, to help banks streamline the transaction dispute resolution process more efficiently. AI-powered capabilities refer to the use of artificial intelligence to automate, optimize, and provide personalized insights and recommendations for managing individual financial activities, such as budgeting, saving, investing, and expense tracking. For instance, in April 2024, Salesforce Inc., a US-based cloud-based software company, launched a suite of AI-powered capabilities designed to enhance transaction dispute resolution for banks. This initiative is designed to streamline processes and enhance customer service in response to the increasing complexity of managing disputes. The capabilities, which include transaction dispute management and einstein copilot banking actions, combine transaction data from banking platforms with customer data from Salesforce to automate manual tasks, reduce errors, resolve issues, and improve customer communications, all from a single platform. 

Purchase The Global AI Powered Personal Finance Management Market Report Directly And Get A Swift Delivery

AI Powered Personal Finance Management Market Segmentation

The AI-powered personal finance management market covered in this report is segmented –
1) By Technology Type: Machine Learning (ML), Predictive Analytics, Natural Language Processing (NLP)
2) By Service Type: Budgeting And Expense Tracking, Investment Management, Credit Score Monitoring
3) By Platform Type: Mobile Apps, Web-Based Platforms
4) By End-User: Individual Consumers, Financial Institutions
By Geography:The regions covered in the AI-powered personal finance management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the AI-powered personal finance management market in 2023.

The AI Powered Personal Finance Management Global Market Report 2024 furnishes information about the global ai powered personal finance management market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.