PUBLISHER: KBV Research | PRODUCT CODE: 1245533
PUBLISHER: KBV Research | PRODUCT CODE: 1245533
North America Pension Administration Software Market Size, Share & Industry Trends Analysis Report By Component, By Deployment, By Type, By End User, By Country and Growth Forecast, 2022 - 2028
The North America Pension Administration Software Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
By automating pension activities that used to take a lot of time to complete manually, the pension administration software helps to shorten turnaround times for processes. Additionally, a few of the responsibilities that are handled by software management include posting late fees, writing and distributing letters of default, and computing penalties and costs.
Additionally, this software for managing pensions helps to simplify many aspects of daily work, enabling the team to concentrate their efforts and energy on what is really essential and omit lower-value, time-consuming tasks. Additionally, pension administration software contributes to cost savings by improving the way the process operates.
Through lower procurement prices and generalised improvements in efficiency, such technological advancements contribute to an improvement in the organization's bottom line. Additionally, by using such pension administration software technology, the difficult procedure of managing and investing the pension funds in the employee's retirement savings account (RSA) has been simplified. These are therefore some of the elements that contribute to the market for pension administration software's expansion.
The North America region dominated the global pension administration software market. Due to government measures including automatic enrolment in defined benefit programmes and improved public awareness of pension rights, the area is expected to see substantial growth throughout the projected period. The North American pension administration software market is one of the largest in the world markets as a result of an ageing population. Both the United States' Social Security system and Canada's Pension Plan (CPP) are government-mandated, publicly financed old-age pension plans. Both nations provide survivorship, disability, and retirement benefits. Notably, defined contribution (D.C.) retirement plans serve as the cornerstone of the private sector retirement system in the United States. The second most popular kind of retirement savings account is the regular savings account, which is utilised by many Americans.
The US market dominated the North America Pension Administration Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,298 million by 2028. The Canada market is poised to grow at a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Type, the market is segmented into Public Pension and Private Pension. Based on End User, the market is segmented into Government Agencies, Pension Plan Administrators, Employers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Equiniti Group plc (Siris Capital Group LLC), Civica (Camelia Investment Limited), Capita plc., Aon plc, Zellis Holdings Limited, Congruent Solutions, Inc., Levi, Ray & Shoup, Inc., PensionSoft Corporation, LLC, Sagitec Solutions, LLC, and TatvaSoft Software Development Company.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solution
- Services
By Deployment
- Cloud
- On-premise
By Type
- Public Pension
- Private Pension
By End User
- Government Agencies
- Pension Plan Administrators
- Employers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Equiniti Group plc (Siris Capital Group LLC)
- Civica (Camelia Investment Limited)
- Capita plc.
- Aon plc
- Zellis Holdings Limited
- Congruent Solutions, Inc.
- Levi, Ray & Shoup, Inc.
- PensionSoft Corporation, LLC
- Sagitec Solutions, LLC
- TatvaSoft Software Development Company
Unique Offerings from KBV Research
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- Highest number of market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Pension Administration Software Market, by Component
- 1.4.2 North America Pension Administration Software Market, by Deployment
- 1.4.3 North America Pension Administration Software Market, by Type
- 1.4.4 North America Pension Administration Software Market, by End User
- 1.4.5 North America Pension Administration Software Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. North America Pension Administration Software Market by Component
- 3.1 North America Solution Market by Country
- 3.2 North America Services Market by Country
Chapter 4. North America Pension Administration Software Market by Deployment
- 4.1 North America Cloud Market by Country
- 4.2 North America On-premise Market by Country
Chapter 5. North America Pension Administration Software Market by Type
- 5.1 North America Public Pension Market by Country
- 5.2 North America Private Pension Market by Country
Chapter 6. North America Pension Administration Software Market by End User
- 6.1 North America Government Agencies Market by Country
- 6.2 North America Pension Plan Administrators Market by Country
- 6.3 North America Employers Market by Country
- 6.4 North America Others Market by Country
Chapter 7. North America Pension Administration Software Market by Country
- 7.1 US Pension Administration Software Market
- 7.1.1 US Pension Administration Software Market by Component
- 7.1.2 US Pension Administration Software Market by Deployment
- 7.1.3 US Pension Administration Software Market by Type
- 7.1.4 US Pension Administration Software Market by End User
- 7.2 Canada Pension Administration Software Market
- 7.2.1 Canada Pension Administration Software Market by Component
- 7.2.2 Canada Pension Administration Software Market by Deployment
- 7.2.3 Canada Pension Administration Software Market by Type
- 7.2.4 Canada Pension Administration Software Market by End User
- 7.3 Mexico Pension Administration Software Market
- 7.3.1 Mexico Pension Administration Software Market by Component
- 7.3.2 Mexico Pension Administration Software Market by Deployment
- 7.3.3 Mexico Pension Administration Software Market by Type
- 7.3.4 Mexico Pension Administration Software Market by End User
- 7.4 Rest of North America Pension Administration Software Market
- 7.4.1 Rest of North America Pension Administration Software Market by Component
- 7.4.2 Rest of North America Pension Administration Software Market by Deployment
- 7.4.3 Rest of North America Pension Administration Software Market by Type
- 7.4.4 Rest of North America Pension Administration Software Market by End User
Chapter 8. Company Profiles
- 8.1 Equiniti Group plc (Siris Capital Group LLC)
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Acquisition and Mergers:
- 8.2 Civica (Camelia Investment Limited)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional Analysis
- 8.2.4 Recent strategies and developments:
- 8.2.4.1 Acquisition and Mergers:
- 8.3 Capita plc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.4 Aon plc
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Regional Analysis
- 8.5 Zellis Holdings Limited
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.6 Congruent Solutions, Inc.
- 8.6.1 Company Overview
- 8.7 Levi, Ray & Shoup, Inc.
- 8.7.1 Company Overview
- 8.8 PensionSoft Corporation, LLC
- 8.8.1 Company Overview
- 8.9 Sagitec Solutions, LLC
- 8.9.1 Company Overview
- 8.10. TatvaSoft Software Development Company
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 2 North America Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 3 North America Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 4 North America Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 5 North America Solution Market by Country, 2018 - 2021, USD Million
- TABLE 6 North America Solution Market by Country, 2022 - 2028, USD Million
- TABLE 7 North America Services Market by Country, 2018 - 2021, USD Million
- TABLE 8 North America Services Market by Country, 2022 - 2028, USD Million
- TABLE 9 North America Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 10 North America Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 11 North America Cloud Market by Country, 2018 - 2021, USD Million
- TABLE 12 North America Cloud Market by Country, 2022 - 2028, USD Million
- TABLE 13 North America On-premise Market by Country, 2018 - 2021, USD Million
- TABLE 14 North America On-premise Market by Country, 2022 - 2028, USD Million
- TABLE 15 North America Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 16 North America Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 17 North America Public Pension Market by Country, 2018 - 2021, USD Million
- TABLE 18 North America Public Pension Market by Country, 2022 - 2028, USD Million
- TABLE 19 North America Private Pension Market by Country, 2018 - 2021, USD Million
- TABLE 20 North America Private Pension Market by Country, 2022 - 2028, USD Million
- TABLE 21 North America Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 22 North America Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 23 North America Government Agencies Market by Country, 2018 - 2021, USD Million
- TABLE 24 North America Government Agencies Market by Country, 2022 - 2028, USD Million
- TABLE 25 North America Pension Plan Administrators Market by Country, 2018 - 2021, USD Million
- TABLE 26 North America Pension Plan Administrators Market by Country, 2022 - 2028, USD Million
- TABLE 27 North America Employers Market by Country, 2018 - 2021, USD Million
- TABLE 28 North America Employers Market by Country, 2022 - 2028, USD Million
- TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
- TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
- TABLE 31 North America Pension Administration Software Market by Country, 2018 - 2021, USD Million
- TABLE 32 North America Pension Administration Software Market by Country, 2022 - 2028, USD Million
- TABLE 33 US Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 34 US Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 35 US Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 36 US Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 37 US Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 38 US Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 39 US Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 40 US Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 41 US Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 42 US Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 43 Canada Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 44 Canada Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 45 Canada Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 46 Canada Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 47 Canada Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 48 Canada Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 49 Canada Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 50 Canada Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 51 Canada Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 52 Canada Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 53 Mexico Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 54 Mexico Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 55 Mexico Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 56 Mexico Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 57 Mexico Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 58 Mexico Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 59 Mexico Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 60 Mexico Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 61 Mexico Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 62 Mexico Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 63 Rest of North America Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 64 Rest of North America Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 65 Rest of North America Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 66 Rest of North America Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 67 Rest of North America Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 68 Rest of North America Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 69 Rest of North America Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 70 Rest of North America Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 71 Rest of North America Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 72 Rest of North America Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 73 Key Information - Equiniti Group plc
- TABLE 74 Key Information - Civica
- TABLE 75 Key Information - Capita plc.
- TABLE 76 Key Information - Aon plc
- TABLE 77 Key Information - Zellis Holdings Limited
- TABLE 78 Key Information - Congruent Solutions, Inc.
- TABLE 79 Key Information - Levi, Ray & Shoup, Inc.
- TABLE 80 Key Information - PensionSoft Corporation, LLC
- TABLE 81 Key Information - Sagitec Solutions, LLC
- TABLE 82 Key Information - TatvaSoft Software Development Company
List of Figures
- FIG 1 Methodology for the research
