Pension Administration Software Market By Component, By Deployment Mode, By Type, By End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

Pension is a kind of retirement income that individual planned throughout the life to ensure an income source. Moreover, it is an investment that grows through regular contributions. In addition, pension administration software helps in establishing, maintaining, and investing the pension fund in accordance with the plan terms; maintaining complete and accurate plan records; ensuring that appropriate contributions are made to the pension plan; and making benefit payments to plan beneficiaries.

The pension administration software helps to reduce process turnaround time by automating pension processes which use to take a long time to do manually. Moreover, posting late fees, creating and delivering letters of default, and calculating penalty and fees are all just a few of the tasks which are done through software management. Also, this pension administration software helps to streamlines many elements of day-to-day work, allowing the team to focus their efforts and energy on what is extremely crucial and simply eliminate lower-value, time-consuming duties. Moreover, pension administration software helps to save money by changing the process to work in a better way. Such advancement in the technology helps to improve the organization's bottom line by decreasing procurement costs and improving efficiencies across the board. In addition, with the long process of manage and invest the pension funds in the employee's retirement savings account (RSA), had been made easy by adopting such pension administration software technology. Therefore, these are some of the factors that propel the growth of the pension administration software market. However, technology is limitation on the aged/old age people. Technology or utilizing the digital space in different sectors eases the task of streamlining and processing the collected data. But this can be a hindrance when technology is being used while dealing with elderly population. Foremost reason is the elder generations are not well versed or not acquainted with basic operations of a cellphone. While dealing with any matters of pension "pen and paper medium" is generally preferred given the ease of it. Hence, using technology to streamline the work associated with pension is one task and other being making the elderly acquainted with the same. On the contrary, the growing number of small firms and technology improvements in the field of administration and management industry are likely to propel the pension administration software market to new heights. In addition, less process time, automatic process of pension fund allocation, less paperwork and better innovative technology has will boost the pension administration software market.

The pension administration software market is segmented on the basis of component, deployment mode, type, end users 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 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

The study provides in-depth analysis of the global pension administration software market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global pension administration software market size are provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global pension administration software market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Component

Solution
Service

By Deployment Mode

On-Premise
Cloud

By Type

Public Pension
Private Pension

By End User

Employers
Pension Plan Administrators
Government Agencies
Others

By Region

North America
- U.S.
- Canada
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

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

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. High to moderate bargaining power of suppliers
- 3.3.2. Low to high bargaining power of buyers
- 3.3.3. Moderate to high threat of substitutes
- 3.3.4. High to moderate threat of new entrants
- 3.3.5. High to moderate intensity of rivalry
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
- 3.4.2. Restraints
  - 3.4.2.1. Technology limitation on the aged/old age people
- 3.4.3. Opportunities
  - 3.4.3.1. Technological advancements in the field of administration
3.5. COVID-19 Impact Analysis on the market

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. Service
- 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 REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Component
- 8.2.3. Market size and forecast, by Deployment Mode
- 8.2.4. Market size and forecast, by Type
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Component
  - 8.2.6.1.3. Market size and forecast, by Deployment Mode
  - 8.2.6.1.4. Market size and forecast, by Type
  - 8.2.6.1.5. Market size and forecast, by End User
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Component
  - 8.2.6.2.3. Market size and forecast, by Deployment Mode
  - 8.2.6.2.4. Market size and forecast, by Type
  - 8.2.6.2.5. Market size and forecast, by End User
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Component
- 8.3.3. Market size and forecast, by Deployment Mode
- 8.3.4. Market size and forecast, by Type
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Component
  - 8.3.6.1.3. Market size and forecast, by Deployment Mode
  - 8.3.6.1.4. Market size and forecast, by Type
  - 8.3.6.1.5. Market size and forecast, by End User
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Component
  - 8.3.6.2.3. Market size and forecast, by Deployment Mode
  - 8.3.6.2.4. Market size and forecast, by Type
  - 8.3.6.2.5. Market size and forecast, by End User
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Component
  - 8.3.6.3.3. Market size and forecast, by Deployment Mode
  - 8.3.6.3.4. Market size and forecast, by Type
  - 8.3.6.3.5. Market size and forecast, by End User
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Component
  - 8.3.6.4.3. Market size and forecast, by Deployment Mode
  - 8.3.6.4.4. Market size and forecast, by Type
  - 8.3.6.4.5. Market size and forecast, by End User
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Component
  - 8.3.6.5.3. Market size and forecast, by Deployment Mode
  - 8.3.6.5.4. Market size and forecast, by Type
  - 8.3.6.5.5. Market size and forecast, by End User
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Component
  - 8.3.6.6.3. Market size and forecast, by Deployment Mode
  - 8.3.6.6.4. Market size and forecast, by Type
  - 8.3.6.6.5. Market size and forecast, by End User
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Component
- 8.4.3. Market size and forecast, by Deployment Mode
- 8.4.4. Market size and forecast, by Type
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Component
  - 8.4.6.1.3. Market size and forecast, by Deployment Mode
  - 8.4.6.1.4. Market size and forecast, by Type
  - 8.4.6.1.5. Market size and forecast, by End User
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Component
  - 8.4.6.2.3. Market size and forecast, by Deployment Mode
  - 8.4.6.2.4. Market size and forecast, by Type
  - 8.4.6.2.5. Market size and forecast, by End User
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Component
  - 8.4.6.3.3. Market size and forecast, by Deployment Mode
  - 8.4.6.3.4. Market size and forecast, by Type
  - 8.4.6.3.5. Market size and forecast, by End User
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Component
  - 8.4.6.4.3. Market size and forecast, by Deployment Mode
  - 8.4.6.4.4. Market size and forecast, by Type
  - 8.4.6.4.5. Market size and forecast, by End User
  - 8.4.6.5. South Korea
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Component
  - 8.4.6.5.3. Market size and forecast, by Deployment Mode
  - 8.4.6.5.4. Market size and forecast, by Type
  - 8.4.6.5.5. Market size and forecast, by End User
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Component
  - 8.4.6.6.3. Market size and forecast, by Deployment Mode
  - 8.4.6.6.4. Market size and forecast, by Type
  - 8.4.6.6.5. Market size and forecast, by End User
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Component
- 8.5.3. Market size and forecast, by Deployment Mode
- 8.5.4. Market size and forecast, by Type
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Component
  - 8.5.6.1.3. Market size and forecast, by Deployment Mode
  - 8.5.6.1.4. Market size and forecast, by Type
  - 8.5.6.1.5. Market size and forecast, by End User
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Component
  - 8.5.6.2.3. Market size and forecast, by Deployment Mode
  - 8.5.6.2.4. Market size and forecast, by Type
  - 8.5.6.2.5. Market size and forecast, by End User
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Component
  - 8.5.6.3.3. Market size and forecast, by Deployment Mode
  - 8.5.6.3.4. Market size and forecast, by Type
  - 8.5.6.3.5. Market size and forecast, by End User

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1. Capita plc.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Key strategic moves and developments
10.2. Civica
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
10.3. Congruent Solutions, Inc.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
10.4. Equiniti
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Key strategic moves and developments
10.5. Levi, Ray & Shoup Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
10.6. PensionSoft Corporation, LLC
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
10.7. Sagitec Solutions
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
10.8. TatvaSoft Software Development Company
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
10.9. WTW
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
10.10. Zellis
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio