[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Pension Administration Software Market By Component (Solution, Services), By Deployment Mode (On-Premise, Cloud), By Type (Public Pension, Private Pension), By End User (Employers, Pension Plan Administrators, Government Agencies, Others), 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): Global Opportunity Analysis and Industry Forecast, 2023-2032

April 2024 | 330 pages | ID: PAEED34D620AEN
Allied Market Research

US$ 3,570.00

E-mail Delivery (PDF), Online Subscription, Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
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 t%li%2032. Pension serves as retirement income individuals plan for throughout their lives t%li%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 t%li%plan terms. It als%li%ensures accurate plan records, appropriate contributions, and benefit payments t%li%plan beneficiaries.



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 als%li%streamlines day-to-day operations, enabling teams t%li%focus on critical tasks while eliminating lower-value, time-consuming duties. Additionally, pension administration software optimizes processes, leading t%li%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 t%li%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 wh%li%are less familiar with digital operations. Elderly individuals often prefer traditional pen-and-paper methods for pension-related matters due t%li%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 t%li%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 t%li%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 int%li%solution and service. By deployment mode, it is bifurcated int%li%on-premise and cloud. By type, it is segmented int%li%public pension and private pension. By end users, it is segmented int%li%employers, pension plan administrators, government agencies, and others. By pension fund size it is segmented int%li%less than $500 million, $500 million t%li%$1 billion, $1 billion t%li%$5 billion, $5 billion t%li%$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 t%li%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 t%li%2032 t%li%identify the prevailing pension administration software market opportunities.
    • The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
    • Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
    • In-depth analysis of the pension administration software market segmentation assists t%li%determine the prevailing market opportunities.
      • Major countries in each region are mapped according t%li%their revenue contribution t%li%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.
Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Investment Opportunities
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%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 T%li%$1 Billion
    • $1 Billion T%li%$5 Billion
    • $5 Billion T%li%$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
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


More Publications