Pension Administration Software Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Pension Administration Software Market By Type (Public Pension, and Private Pension) Application Type (SMEs, Large Enterprises, and Government), and Geography

 

 

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Report

Description

Pension Administration Software Market is expected to have a significant CAGR over the forecast period. The Pension Administration Software was developed specifically to meet every customer’s requirement that pension fund administrators have. Pension Administration Software, which was further modified to simplify the effective recording of defined-contribution plans, reduces the number of actions that require a substantial amount of manual work, and also with the sophisticated asset module of the Pension Administration Software permits an administrator to allocate funds as per the requirements specified by either an employee or an employer. This surely helps to reduce the amount of paperwork that needs to be processed and a chance of an error being made by the user. These features would be expected to increase the demand for pension administration software in various public and private funding sectors. Moreover, this software centralized the pension-related work in a single paper, which becomes more convenient for employers and employees, and is further anticipated to expand the market for Pension Administration Software during the forecasted period. Projection rises in the cloud and mobile deployment drives are another growth factor for the market. Overall, applications of Pension Administration Software, and the growing awareness of them are further propelling the market demand.

 

Recent Market Developments:

In July 2021, the Ministry of Defence implemented SPARSH (System for Pension Administration Raksha).

Pension Administration Software Market

MARKET SUMMARY
-
x%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– x%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Pension Administration Software Market

  • The pension administration software market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The pension administration software market is segmented based on based on type, application, and geography.
Key Players
  • Aquila
  • Oracle
  • SAP
  • Capita
  • Civica
Pension Administration Software Market Dynamics

The global pension administration software is growing due to increasing demand from different parts of the world as the increasing aging population is a worldwide phenomenon. Additionally, governmental bodies’ policies and pension schemes boost market demand. Some major factors such as concerns about data privacy and data security may act ac as barriers that prevent individuals from utilizing governmental schemes and programs which hampered the pension administration market growth.


North-America Got Significant Share

Pension Administration Software Market

The pension administration software market in North America is likely to hold a significant revenue share in 2021. It is expected to dominate the market with the largest share owing to the pension asset growth rate continuously increasing significantly in the US. Moreover, the US has observed a shift from defined benefit plans to defined contribution plans, and defined contribution (DC) is leading in the region. The Asia Pacific is also witnessed to have a considerable growth rate due to the increasing elderly age population, which requires various pension schemes, consequently increasing the demand for the pension administration software market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The pension administration software market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Pension Administration Software Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Key players’ profiles in the pension administration software report are Aquila, Oracle, SAP, Capita, Civica, Equiniti, Version Systems, SYNEL MLL PayWay, L&P Systems, Vitech Systems, UNIT4, Exaxe, Sagitec Solutions.

 

 

 

 

 

 

Rising public and pension schemes as needed by the majorly old age population, and many private companies offer pension schemes.

North America is projected to account for a significant share of the global Pension Administration Software market during the forecasted period.


Report

Table Of Content

1. Executive Summary
2. Global Pension Administration Software Market Introduction
2.1. Global Pension Administration Software Market – Taxonomy
2.2. Global Pension Administration Software Market –Definitions
2.2.1.  Type
2.2.2. Application
2.2.3. Geography
3. Global Pension Administration Software Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Pension Administration Software Market Dynamic Factors – Impact Analysis
3.6. Global Pension Administration Software Market – Competition Landscape
4. Global Pension Administration Software Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Pension Administration Software Market, By Type, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Public Pension
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Private Pension
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Pension Administration Software Market Forecast, By Application, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
6.1. SMEs
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Large Enterprises
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Government
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Pension Administration Software Market Forecast, By Region, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Region, 2022 – 2028
8. North America Pension Administration Software Market Analysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
8.1.  Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Public Pension
8.1.2. Private Pension
8.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. SMEs
8.2.2.  Large Enterprises
8.2.3. Government
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Country, 2022 – 2028
8.5. North America Pension Administration Software Market Dynamics – Trends
9. Europe Pension Administration Software Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
9.1. Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Public Pension
9.1.2. Private Pension
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. SMEs
9.2.2.  Large Enterprises
9.2.3. Government
9.3. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Region, 2022 – 2028
9.5. Europe Pension Administration Software Market Dynamics – Trends
10. Asia-Pacific Pension Administration Software Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Public Pension
10.1.2. Private Pension
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. SMEs
10.2.2.  Large Enterprises
10.2.3. Government
10.3. Country Analysis2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Region, 2022 – 2028
10.5. Asia-Pacific Pension Administration Software Market Dynamics – Trends
11. Latin America Pension Administration Software Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
11.1. Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Public Pension
11.1.2. Private Pension
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. SMEs
11.2.2.  Large Enterprises
11.2.3. Government
11.3. Country Analysis 2017–2021and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Region, 2022 – 2028
11.5. Latin America Pension Administration Software Market Dynamics – Trends
12. Middle East and Africa Pension Administration Software Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Type Analysis 2017–2021and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Public Pension
12.1.2. Private Pension
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. SMEs
12.2.2.  Large Enterprises
12.2.3. Government
12.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Pension Administration Software Market – Opportunity Analysis Index, By Type, Application, and Region, 2022 – 2028
12.5. MEA Pension Administration Software Market Dynamics – Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Aquila
13.2.2.  Oracle
13.2.3.  SAP
13.2.4. Capita
13.2.5. Civica
13.2.6. Equiniti
13.2.7. Version Systems
13.2.8. SYNEL MLL PayWay
13.2.9. L&P Systems
13.2.10.  Vitech Systems
13.2.11. UNIT4
13.2.12. Exaxe
13.2.13. Sagitec Solutions
13.2.14. Malam Payroll
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • Aquila
  • Oracle
  • SAP
  • Capita
  • Civica
  • Equiniti
  • Version Systems
  • SYNEL MLL PayWay
  • L&P Systems
  • Vitech Systems
  • UNIT4
  • Exaxe
  • Sagitec Solutions
  • Malam Payroll

Description

Pension Administration Software Market is expected to have a significant CAGR over the forecast period. The Pension Administration Software was developed specifically to meet every customer’s requirement that pension fund administrators have. Pension Administration Software, which was further modified to simplify the effective recording of defined-contribution plans, reduces the number of actions that require a substantial amount of manual work, and also with the sophisticated asset module of the Pension Administration Software permits an administrator to allocate funds as per the requirements specified by either an employee or an employer. This surely helps to reduce the amount of paperwork that needs to be processed and a chance of an error being made by the user. These features would be expected to increase the demand for pension administration software in various public and private funding sectors. Moreover, this software centralized the pension-related work in a single paper, which becomes more convenient for employers and employees, and is further anticipated to expand the market for Pension Administration Software during the forecasted period. Projection rises in the cloud and mobile deployment drives are another growth factor for the market. Overall, applications of Pension Administration Software, and the growing awareness of them are further propelling the market demand.

 

Recent Market Developments:

In July 2021, the Ministry of Defence implemented SPARSH (System for Pension Administration Raksha).

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