Pension Administration Software Market By Component, By Deployment Mode, By Type, By End User, By Pension Fund Size : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

In 2022, the global pension administration software market reached $4.5 billion. Forecasts indicate that it will reach $13 billion by 2032, with a CAGR of 11.4% from 2023 to 2032. Pension serves as retirement income individuals plan for throughout their lives to secure a source of income. It involves investments that grow through regular contributions. Pension administration software aids in establishing, maintaining, and investing pension funds according to plan terms. It also ensures accurate plan records, appropriate contributions, and benefit payments to plan beneficiaries.

Pension Administration Software Market - IMG1

Pension administration software facilitates the reduction of process turnaround time by automating tasks that were previously time-consuming when done manually. Tasks such as posting late fees, generating and delivering default letters, and calculating penalties and fees are now efficiently managed through software. This software also streamlines day-to-day operations, enabling teams to focus on critical tasks while eliminating lower-value, time-consuming duties. Additionally, pension administration software optimizes processes, leading to cost savings and improved efficiency across various functions, thereby enhancing the organization's bottom line. Furthermore, the management and investment of pension funds in employees' retirement savings accounts (RSA) are simplified with the adoption of this technology.

While pension administration software contributes to market growth, its reliance on technology poses challenges, particularly for older individuals. Technology, while beneficial for streamlining processes and managing data, may present difficulties for elderly populations who are less familiar with digital operations. Elderly individuals often prefer traditional pen-and-paper methods for pension-related matters due to their ease of use.

Addressing the technological gap among the elderly population is essential for maximizing the benefits of pension administration software. Despite these challenges, the pension administration software market is poised for growth due to increasing adoption by small firms and ongoing technological advancements in administration and management industries. Factors such as reduced processing time, automated pension fund allocation, decreased paperwork, and innovative technology are expected to drive market expansion further.

The pension administration software market is segmented on the basis of component, deployment mode, type, end users, pension fund size, and region. By component, it is segmented into solution and service. By deployment mode, it is bifurcated into on-premise and cloud. By type, it is segmented into public pension and private pension. By end users, it is segmented into employers, pension plan administrators, government agencies, and others. By pension fund size it is segmented into less than $500 million, $500 million to $1 billion, $1 billion to $5 billion, $5 billion to $10 billion, and $10 billion and above. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the pension administration software market such as Capita plc., Civica, Congruent Solutions, Inc., Equiniti, Levi, Ray & Shoup Inc., PensionSoft Corporation, LLC, Sagitec Solutions, TatvaSoft Software Development Company, WTW, and Zellis. These players have adopted various strategies to increase their market penetration and strengthen their position in the pension administration software industry.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pension administration software market analysis from 2022 to 2032 to identify the prevailing pension administration software market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pension administration software market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global pension administration software market trends, key players, market segments, application areas, and market growth strategies.

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Investment Opportunities
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis

Key Market Segments

By Component

Solution
Services

By Deployment Mode

On-Premise
Cloud

By Type

Public Pension
Private Pension

By End User

Pension Plan Administrators
Government Agencies
Others
Employers

By Pension Fund Size

Less Than $500 Million
$500 Million To $1 Billion
$1 Billion To $5 Billion
$5 Billion To $10 Billion
$10 Billion and Above

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

WTW
Capita plc.
Zellis
Civica
Sagitec Solutions
Levi, Ray & Shoup Inc.
Congruent Solutions, Inc.
PensionSoft Corporation, LLC
Equiniti
TatvaSoft Software Development Company

Product Code: A47386

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Modern customer experience
  - 3.4.1.2. Pension administration software helps to reduce processing time
  - 3.4.1.3. Efficiency and cost effectiveness
  - 3.4.1.4. Increase in demand for pension administration solutions
- 3.4.2. Restraints
  - 3.4.2.1. Technology limitation on the aged/old age people
  - 3.4.2.2. High implementation costs
- 3.4.3. Opportunities
  - 3.4.3.1. Technological advancements in the field of administration
  - 3.4.3.2. Integration of mobile technology in pension administration software

CHAPTER 4: PENSION ADMINISTRATION SOFTWARE MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Services
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: PENSION ADMINISTRATION SOFTWARE MARKET, BY DEPLOYMENT MODE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. On-Premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: PENSION ADMINISTRATION SOFTWARE MARKET, BY TYPE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Public Pension
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Private Pension
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: PENSION ADMINISTRATION SOFTWARE MARKET, BY END USER

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Employers
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Pension Plan Administrators
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Government Agencies
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Others
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country

CHAPTER 8: PENSION ADMINISTRATION SOFTWARE MARKET, BY PENSION FUND SIZE

8.1. Overview
- 8.1.1. Market size and forecast
8.2. Less Than $500 Million
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
8.3. $500 Million To $1 Billion
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
8.4. $1 Billion To $5 Billion
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
8.5. $5 Billion To $10 Billion
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
8.6. $10 Billion and Above
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country

CHAPTER 9: PENSION ADMINISTRATION SOFTWARE MARKET, BY REGION

9.1. Overview
- 9.1.1. Market size and forecast By Region
9.2. North America
- 9.2.1. Key market trends, growth factors and opportunities
- 9.2.2. Market size and forecast, by Component
- 9.2.3. Market size and forecast, by Deployment Mode
- 9.2.4. Market size and forecast, by Type
- 9.2.5. Market size and forecast, by End User
- 9.2.6. Market size and forecast, by Pension Fund Size
- 9.2.7. Market size and forecast, by country
  - 9.2.7.1. U.S.
  - 9.2.7.1.1. Market size and forecast, by Component
  - 9.2.7.1.2. Market size and forecast, by Deployment Mode
  - 9.2.7.1.3. Market size and forecast, by Type
  - 9.2.7.1.4. Market size and forecast, by End User
  - 9.2.7.1.5. Market size and forecast, by Pension Fund Size
  - 9.2.7.2. Canada
  - 9.2.7.2.1. Market size and forecast, by Component
  - 9.2.7.2.2. Market size and forecast, by Deployment Mode
  - 9.2.7.2.3. Market size and forecast, by Type
  - 9.2.7.2.4. Market size and forecast, by End User
  - 9.2.7.2.5. Market size and forecast, by Pension Fund Size
  - 9.2.7.3. Mexico
  - 9.2.7.3.1. Market size and forecast, by Component
  - 9.2.7.3.2. Market size and forecast, by Deployment Mode
  - 9.2.7.3.3. Market size and forecast, by Type
  - 9.2.7.3.4. Market size and forecast, by End User
  - 9.2.7.3.5. Market size and forecast, by Pension Fund Size
9.3. Europe
- 9.3.1. Key market trends, growth factors and opportunities
- 9.3.2. Market size and forecast, by Component
- 9.3.3. Market size and forecast, by Deployment Mode
- 9.3.4. Market size and forecast, by Type
- 9.3.5. Market size and forecast, by End User
- 9.3.6. Market size and forecast, by Pension Fund Size
- 9.3.7. Market size and forecast, by country
  - 9.3.7.1. UK
  - 9.3.7.1.1. Market size and forecast, by Component
  - 9.3.7.1.2. Market size and forecast, by Deployment Mode
  - 9.3.7.1.3. Market size and forecast, by Type
  - 9.3.7.1.4. Market size and forecast, by End User
  - 9.3.7.1.5. Market size and forecast, by Pension Fund Size
  - 9.3.7.2. Germany
  - 9.3.7.2.1. Market size and forecast, by Component
  - 9.3.7.2.2. Market size and forecast, by Deployment Mode
  - 9.3.7.2.3. Market size and forecast, by Type
  - 9.3.7.2.4. Market size and forecast, by End User
  - 9.3.7.2.5. Market size and forecast, by Pension Fund Size
  - 9.3.7.3. France
  - 9.3.7.3.1. Market size and forecast, by Component
  - 9.3.7.3.2. Market size and forecast, by Deployment Mode
  - 9.3.7.3.3. Market size and forecast, by Type
  - 9.3.7.3.4. Market size and forecast, by End User
  - 9.3.7.3.5. Market size and forecast, by Pension Fund Size
  - 9.3.7.4. Italy
  - 9.3.7.4.1. Market size and forecast, by Component
  - 9.3.7.4.2. Market size and forecast, by Deployment Mode
  - 9.3.7.4.3. Market size and forecast, by Type
  - 9.3.7.4.4. Market size and forecast, by End User
  - 9.3.7.4.5. Market size and forecast, by Pension Fund Size
  - 9.3.7.5. Spain
  - 9.3.7.5.1. Market size and forecast, by Component
  - 9.3.7.5.2. Market size and forecast, by Deployment Mode
  - 9.3.7.5.3. Market size and forecast, by Type
  - 9.3.7.5.4. Market size and forecast, by End User
  - 9.3.7.5.5. Market size and forecast, by Pension Fund Size
  - 9.3.7.6. Rest of Europe
  - 9.3.7.6.1. Market size and forecast, by Component
  - 9.3.7.6.2. Market size and forecast, by Deployment Mode
  - 9.3.7.6.3. Market size and forecast, by Type
  - 9.3.7.6.4. Market size and forecast, by End User
  - 9.3.7.6.5. Market size and forecast, by Pension Fund Size
9.4. Asia-Pacific
- 9.4.1. Key market trends, growth factors and opportunities
- 9.4.2. Market size and forecast, by Component
- 9.4.3. Market size and forecast, by Deployment Mode
- 9.4.4. Market size and forecast, by Type
- 9.4.5. Market size and forecast, by End User
- 9.4.6. Market size and forecast, by Pension Fund Size
- 9.4.7. Market size and forecast, by country
  - 9.4.7.1. China
  - 9.4.7.1.1. Market size and forecast, by Component
  - 9.4.7.1.2. Market size and forecast, by Deployment Mode
  - 9.4.7.1.3. Market size and forecast, by Type
  - 9.4.7.1.4. Market size and forecast, by End User
  - 9.4.7.1.5. Market size and forecast, by Pension Fund Size
  - 9.4.7.2. Japan
  - 9.4.7.2.1. Market size and forecast, by Component
  - 9.4.7.2.2. Market size and forecast, by Deployment Mode
  - 9.4.7.2.3. Market size and forecast, by Type
  - 9.4.7.2.4. Market size and forecast, by End User
  - 9.4.7.2.5. Market size and forecast, by Pension Fund Size
  - 9.4.7.3. India
  - 9.4.7.3.1. Market size and forecast, by Component
  - 9.4.7.3.2. Market size and forecast, by Deployment Mode
  - 9.4.7.3.3. Market size and forecast, by Type
  - 9.4.7.3.4. Market size and forecast, by End User
  - 9.4.7.3.5. Market size and forecast, by Pension Fund Size
  - 9.4.7.4. Australia
  - 9.4.7.4.1. Market size and forecast, by Component
  - 9.4.7.4.2. Market size and forecast, by Deployment Mode
  - 9.4.7.4.3. Market size and forecast, by Type
  - 9.4.7.4.4. Market size and forecast, by End User
  - 9.4.7.4.5. Market size and forecast, by Pension Fund Size
  - 9.4.7.5. South Korea
  - 9.4.7.5.1. Market size and forecast, by Component
  - 9.4.7.5.2. Market size and forecast, by Deployment Mode
  - 9.4.7.5.3. Market size and forecast, by Type
  - 9.4.7.5.4. Market size and forecast, by End User
  - 9.4.7.5.5. Market size and forecast, by Pension Fund Size
  - 9.4.7.6. Rest of Asia-Pacific
  - 9.4.7.6.1. Market size and forecast, by Component
  - 9.4.7.6.2. Market size and forecast, by Deployment Mode
  - 9.4.7.6.3. Market size and forecast, by Type
  - 9.4.7.6.4. Market size and forecast, by End User
  - 9.4.7.6.5. Market size and forecast, by Pension Fund Size
9.5. LAMEA
- 9.5.1. Key market trends, growth factors and opportunities
- 9.5.2. Market size and forecast, by Component
- 9.5.3. Market size and forecast, by Deployment Mode
- 9.5.4. Market size and forecast, by Type
- 9.5.5. Market size and forecast, by End User
- 9.5.6. Market size and forecast, by Pension Fund Size
- 9.5.7. Market size and forecast, by country
  - 9.5.7.1. Latin America
  - 9.5.7.1.1. Market size and forecast, by Component
  - 9.5.7.1.2. Market size and forecast, by Deployment Mode
  - 9.5.7.1.3. Market size and forecast, by Type
  - 9.5.7.1.4. Market size and forecast, by End User
  - 9.5.7.1.5. Market size and forecast, by Pension Fund Size
  - 9.5.7.2. Middle East
  - 9.5.7.2.1. Market size and forecast, by Component
  - 9.5.7.2.2. Market size and forecast, by Deployment Mode
  - 9.5.7.2.3. Market size and forecast, by Type
  - 9.5.7.2.4. Market size and forecast, by End User
  - 9.5.7.2.5. Market size and forecast, by Pension Fund Size
  - 9.5.7.3. Africa
  - 9.5.7.3.1. Market size and forecast, by Component
  - 9.5.7.3.2. Market size and forecast, by Deployment Mode
  - 9.5.7.3.3. Market size and forecast, by Type
  - 9.5.7.3.4. Market size and forecast, by End User
  - 9.5.7.3.5. Market size and forecast, by Pension Fund Size

CHAPTER 10: COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2022

CHAPTER 11: COMPANY PROFILES

11.1. Capita plc.
- 11.1.1. Company overview
- 11.1.2. Key executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.1.7. Key strategic moves and developments
11.2. Civica
- 11.2.1. Company overview
- 11.2.2. Key executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Key strategic moves and developments
11.3. Congruent Solutions, Inc.
- 11.3.1. Company overview
- 11.3.2. Key executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Key strategic moves and developments
11.4. PensionSoft Corporation, LLC
- 11.4.1. Company overview
- 11.4.2. Key executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
11.5. Sagitec Solutions
- 11.5.1. Company overview
- 11.5.2. Key executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
11.6. WTW
- 11.6.1. Company overview
- 11.6.2. Key executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Business performance
- 11.6.7. Key strategic moves and developments
11.7. Equiniti
- 11.7.1. Company overview
- 11.7.2. Key executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Key strategic moves and developments
11.8. Levi, Ray & Shoup Inc.
- 11.8.1. Company overview
- 11.8.2. Key executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
11.9. TatvaSoft Software Development Company
- 11.9.1. Company overview
- 11.9.2. Key executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
11.10. Zellis
- 11.10.1. Company overview
- 11.10.2. Key executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Key strategic moves and developments