How has the budgeting software market evolved, and where is it heading next?
The budgeting software market size has grown strongly in recent years. It will grow from $1.55 billion in 2024 to $1.66 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing adoption of cloud computing, rising complexity in financial management, regulatory compliance requirements, globalization of businesses, awareness and education.
The budgeting software market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to AI and automation integration, increased focus on data security, expansion of small and medium-sized enterprises adoption, integration with ERP systems, emphasis on real-time financial insights. Major trends in the forecast period include technology advancements, focus on cost efficiency, collaborative and remote work trends, integration with ERP systems, collaborative budgeting.
Get Your Free Sample of The Global Budgeting Software Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13610&type=smp
What are the key drivers behind the rapid expansion of the budgeting software market?
The rising adoption of automation in financial processes is expected to propel the growth of the budgeting software market going forward. Financial processes encompass the systematic procedures and activities within an organization for managing and controlling its financial resources, including budgeting, accounting, reporting and analysis, to ensure financial stability and transparency. Budgeting software streamlines financial processes by automating budget creation, expense tracking and forecasting, enhancing accuracy and efficiency, while providing insightful financial insights for informed decision-making. For instance, in July 2024, according to World Bank Group, a US-based international financial institution, the total project cost across 156 investments is approximately $6.172 billion, including borrower co-financing. Of this amount, the World Bank has contributed $5.283 billion, covering projects that extend beyond financial management information systems (FMIS) alone. Specifically, the FMIS components within these activities represent about $1.226 billion in investments. Therefore, the rising adoption of automation in financial processes will drive the growth of the budgeting software market.
What is the segmentation for the budgeting software market?
The budgeting software market covered in this report is segmented –
1) By Type: Web Based Software, Mobile Based Software
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Medium Enterprises, Small Enterprises
Subsegments:
1) By Web-Based Software: SaaS (Software As A Service) Budgeting Solutions, Online Collaborative Budgeting Tools, Cloud-Based Financial Planning Software
2) By Mobile-Based Software: Mobile Apps For Personal Budgeting, Mobile Financial Management Tools, Mobile Enterprise Budgeting Solutions
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/budgeting-software-global-market-report
Who are the most influential companies in the budgeting software market?
Major companies operating in the budgeting software market report are NetSuite Inc., SAP SE, Workday Inc., Wolters Kluwer N.V., Blackbaud Inc., Anaplan Inc., insightsoftware, Deltek Inc., Sage Intacct Inc., Prophix Software Inc., Planful Inc., Vena Solutions Inc., Datarails Ltd., Scoro Software Ltd., Questica Inc., Centage Corporation, Team Labs Inc., Mosaic Tech, Xlerant Inc., Multiview Corporation, CostPerform, Maxiplan Technology Limited, Project Insight Inc., Budgyt Inc., Riskturn Inc., IDU, Jirav Inc., Yooz Inc., PlanGuru LLC, OnPlan
What are the most influential trends expected to drive the budgeting software market forward?
Major companies in the budgeting software market are developing innovative products for enhanced user experience, streamlined automation and real-time data access to improve financial decision-making. Streamlined automation and real-time data access refer to the use of technology and software to automate processes and enable organizations to access and analyze data in real-time or near-real-time. For instance, in August 2023, Navan, a US-based expansion and corporate management company, launched Budgets, an innovative new budgeting tool for finance leaders that allows users to create, manage and track budgets directly within the platform, to monitor expenses and identify areas where cost savings can be made. With the new feature, the finance team can establish budgets and spending parameters directly in the dashboard, grant budget access to managers or budget owners and monitor expenditure gains in real time.
What are the major regional insights for the budgeting software market, and which region holds the top position?
North America was the largest region in the budgeting software market in 2024. The regions covered in the budgeting software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Budgeting Software Market Report 2025 Offer?
The budgeting software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Budgeting software refers to a digital tool designed to help individuals and businesses plan, track and manage their financial resources. It allows users to create budgets, set spending goals and monitor expenses, often providing visualizations and reports for better financial decision-making.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13610
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
