Pension Administration Software Market - By Component, By Deployment Mode, By Function, By Organization Size, By End User, Forecast 2024

Description

Global Pension Administration Software Market will exhibit an 8% CAGR from 2024 to 2032, propelled by the rising concerns about data breaches and the protection of sensitive financial information. According to the U.S. Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA), in 2023, financial sector breaches accounted for 30% of all reported cyber incidents, highlighting the significant threat to sensitive financial information.

As pension funds contain critical financial data, the risk of unauthorized access or cyberattacks has heightened the need for robust security measures. Organizations are investing in advanced software solutions that offer comprehensive data protection features to safeguard against potential breaches. Ensuring data security helps maintain regulatory compliance and builds trust with beneficiaries, making it essential in the decision-making process for pension administration systems.

The pension administration software market is categorized based on component, deployment mode, function, organization size, end user, and region.

The services segment will record a noticeable CAGR during the forecast period, due to the growing need for customized, scalable solutions that handle complex pension schemes. As organizations face evolving regulatory requirements and seek to enhance operational efficiency, they turn to specialized services that offer comprehensive support and integration. These services ensure smooth implementation, maintenance, and continuous updates of software, addressing the diverse needs of pension management and improving service delivery.

The private pension funds will acquire a noteworthy pension administration software market share by 2032, owing to the need for sophisticated management tools that manage diverse investment portfolios and fund structures. As private funds seek to optimize returns and ensure accurate reporting, they require advanced software solutions to track performance and handle regulatory compliance efficiently. Enhanced functionality, such as real-time data analytics and integration with other financial systems, amplifies private pension funds to invest in software solutions for better operational control and strategic decision-making.

Europe pension administration software market will experience a promising CAGR through 2032, because of bolstering regulatory needs and a focus on enhancing financial transparency. European pension funds face stringent compliance standards and need advanced systems to manage complex multi-national regulations. The ageing population and shift towards private pensions catapult the need for more efficient and adaptable software solutions. The emphasis on digital transformation across financial services as organizations seek to modernize their pension management processes will augment the regional market.

Product Code: 9573

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component supplier
- 3.2.2 Technology provider
- 3.2.3 Platform Provider
- 3.2.4 Distribution/Consulting platform
- 3.2.5 End user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Aging populations drive pension plan complexities
  - 3.8.1.2 Adoption of tech boosts demand for automation
  - 3.8.1.3 Organizations prioritize efficient management solutions
  - 3.8.1.4 Evolving laws mandate sophisticated software solutions
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Software fails to meet evolving regulatory requirements
  - 3.8.2.2 Vulnerabilities expose sensitive pension information
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Software
5.3 Services
- 5.3.1 Integration
- 5.3.2 Consulting
- 5.3.3 Support & Maintenance

Chapter 6 Market Estimates & Forecast, By Deployment Mode, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 On-premises
6.3 Cloud-based

Chapter 7 Market Estimates & Forecast, By Organization Size, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Small & Medium-sized Enterprises (SMEs)
7.3 Large enterprises

Chapter 8 Market Estimates & Forecast, By Function, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 Benefit calculation
8.3 Fund management
8.4 Risk management
8.5 Reporting & analytics
8.6 Member self-service portals

Chapter 9 Market Estimates & Forecast, By End User, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 Private pension funds
9.3 Government/Public pension funds
9.4 Corporate pension funds
9.5 Unions/Labor-related pension funds

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Aquila
11.2 Bassets
11.3 Bravura Solutions
11.4 Capita
11.5 Civica
11.6 CPAS Systems
11.7 Equiniti
11.8 Gemini Pension Administration Software
11.9 Gissing Software
11.10 Infosys McCamish Systems
11.11 Intelligen, Inc.
11.12 LCP
11.13 Line Software Group
11.14 Milestone Group
11.15 Morneau Shepell
11.16 Oracle
11.17 Sagitec Solutions
11.18 SAP
11.19 Visma
11.20 Vitech Systems Group

Pension Administration Software Market - By Component, By Deployment Mode, By Function, By Organization Size, By End User, Forecast 2024 - 2032