PUBLISHER: KBV Research | PRODUCT CODE: 1245536
PUBLISHER: KBV Research | PRODUCT CODE: 1245536
LAMEA Pension Administration Software Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment, By Type (Public Pension and Private Pension), By End User, By Country and Growth Forecast, 2022 - 2028
The Latin America, Middle East and Africa Pension Administration Software Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
The pension administration software was created with the express intent of meeting the unique requirements of pension fund managers. By immediately importing employee contributions from an employee's file, Pension Administration Software-which was developed to make it easier to record defined-contribution plans-reduces the number of tasks that require a significant amount of human labour. In addition to saving time and reducing manual labour, pension administration software offers a secure, centralised system for retirement benefits data, boosts team productivity, decreases overall pension administration expenses, and enhances accuracy and minimises mistakes. As a result, demand for pension admission software will rise throughout the course of the projection year.
Moreover, the use of technology aims to strengthen customer loyalty and strengthen the company's position in the market by providing cutting-edge services, such as fast and simple pension plans with less paper work. Additionally, it is anticipated that as a consequence of government legislation that makes pension plans necessary, the pension administration industry would grow.
Additionally, the usage of artificial intelligence (AI) has grown quickly, with AI-capable gadgets becoming more and more prevalent in households all over the globe. Additionally, by detecting customised requirements and interacting with consumers via hyper-personalized one-to-one interactions, pension administration software assists the financial sector in reinventing the client relationships. As a result, these elements will provide profitable potential for the expansion of the pension administration software sector.
In the UAE, there are several pension funds with a range of missions. The General Pension and Social Security Authority (GPSSA) is in charge of providing pension-related services to residents working in all seven emirates in both the public and private sectors. In accordance with Federal Law No. 7 of 1999 for Pensions and Social Security and its revisions, a monthly payment to GPSSA in the amount of 20% of the employee's wage is required. Employees are required to contribute 5% of their salaries, while employers are required to match 15% of employee salaries. On behalf of UAE citizens who reside in Abu Dhabi and have employment there, the Abu Dhabi Retirement Pensions and Benefits Fund oversees pensions. In light of all of this, the pension administration software market is projected to expand significantly in the area.
The Brazil market dominated the LAMEA Pension Administration Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $153 million by 2028. The Argentina market is experiencing a CAGR of 14.6% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 13.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
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 LAMEA Pension Administration Software Market, by Component
- 1.4.2 LAMEA Pension Administration Software Market, by Deployment
- 1.4.3 LAMEA Pension Administration Software Market, by Type
- 1.4.4 LAMEA Pension Administration Software Market, by End User
- 1.4.5 LAMEA 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. LAMEA Pension Administration Software Market by Component
- 3.1 LAMEA Solution Market by Country
- 3.2 LAMEA Services Market by Country
Chapter 4. LAMEA Pension Administration Software Market by Deployment
- 4.1 LAMEA Cloud Market by Country
- 4.2 LAMEA On-premise Market by Country
Chapter 5. LAMEA Pension Administration Software Market by Type
- 5.1 LAMEA Public Pension Market by Country
- 5.2 LAMEA Private Pension Market by Country
Chapter 6. LAMEA Pension Administration Software Market by End User
- 6.1 LAMEA Government Agencies Market by Country
- 6.2 LAMEA Pension Plan Administrators Market by Country
- 6.3 LAMEA Employers Market by Country
- 6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Pension Administration Software Market by Country
- 7.1 Brazil Pension Administration Software Market
- 7.1.1 Brazil Pension Administration Software Market by Component
- 7.1.2 Brazil Pension Administration Software Market by Deployment
- 7.1.3 Brazil Pension Administration Software Market by Type
- 7.1.4 Brazil Pension Administration Software Market by End User
- 7.2 Argentina Pension Administration Software Market
- 7.2.1 Argentina Pension Administration Software Market by Component
- 7.2.2 Argentina Pension Administration Software Market by Deployment
- 7.2.3 Argentina Pension Administration Software Market by Type
- 7.2.4 Argentina Pension Administration Software Market by End User
- 7.3 UAE Pension Administration Software Market
- 7.3.1 UAE Pension Administration Software Market by Component
- 7.3.2 UAE Pension Administration Software Market by Deployment
- 7.3.3 UAE Pension Administration Software Market by Type
- 7.3.4 UAE Pension Administration Software Market by End User
- 7.4 Saudi Arabia Pension Administration Software Market
- 7.4.1 Saudi Arabia Pension Administration Software Market by Component
- 7.4.2 Saudi Arabia Pension Administration Software Market by Deployment
- 7.4.3 Saudi Arabia Pension Administration Software Market by Type
- 7.4.4 Saudi Arabia Pension Administration Software Market by End User
- 7.5 South Africa Pension Administration Software Market
- 7.5.1 South Africa Pension Administration Software Market by Component
- 7.5.2 South Africa Pension Administration Software Market by Deployment
- 7.5.3 South Africa Pension Administration Software Market by Type
- 7.5.4 South Africa Pension Administration Software Market by End User
- 7.6 Nigeria Pension Administration Software Market
- 7.6.1 Nigeria Pension Administration Software Market by Component
- 7.6.2 Nigeria Pension Administration Software Market by Deployment
- 7.6.3 Nigeria Pension Administration Software Market by Type
- 7.6.4 Nigeria Pension Administration Software Market by End User
- 7.7 Rest of LAMEA Pension Administration Software Market
- 7.7.1 Rest of LAMEA Pension Administration Software Market by Component
- 7.7.2 Rest of LAMEA Pension Administration Software Market by Deployment
- 7.7.3 Rest of LAMEA Pension Administration Software Market by Type
- 7.7.4 Rest of LAMEA 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 LAMEA Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 2 LAMEA Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 3 LAMEA Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 4 LAMEA Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 5 LAMEA Solution Market by Country, 2018 - 2021, USD Million
- TABLE 6 LAMEA Solution Market by Country, 2022 - 2028, USD Million
- TABLE 7 LAMEA Services Market by Country, 2018 - 2021, USD Million
- TABLE 8 LAMEA Services Market by Country, 2022 - 2028, USD Million
- TABLE 9 LAMEA Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 10 LAMEA Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 11 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
- TABLE 12 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
- TABLE 13 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
- TABLE 14 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
- TABLE 15 LAMEA Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 16 LAMEA Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 17 LAMEA Public Pension Market by Country, 2018 - 2021, USD Million
- TABLE 18 LAMEA Public Pension Market by Country, 2022 - 2028, USD Million
- TABLE 19 LAMEA Private Pension Market by Country, 2018 - 2021, USD Million
- TABLE 20 LAMEA Private Pension Market by Country, 2022 - 2028, USD Million
- TABLE 21 LAMEA Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 22 LAMEA Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 23 LAMEA Government Agencies Market by Country, 2018 - 2021, USD Million
- TABLE 24 LAMEA Government Agencies Market by Country, 2022 - 2028, USD Million
- TABLE 25 LAMEA Pension Plan Administrators Market by Country, 2018 - 2021, USD Million
- TABLE 26 LAMEA Pension Plan Administrators Market by Country, 2022 - 2028, USD Million
- TABLE 27 LAMEA Employers Market by Country, 2018 - 2021, USD Million
- TABLE 28 LAMEA Employers Market by Country, 2022 - 2028, USD Million
- TABLE 29 LAMEA Others Market by Country, 2018 - 2021, USD Million
- TABLE 30 LAMEA Others Market by Country, 2022 - 2028, USD Million
- TABLE 31 LAMEA Pension Administration Software Market by Country, 2018 - 2021, USD Million
- TABLE 32 LAMEA Pension Administration Software Market by Country, 2022 - 2028, USD Million
- TABLE 33 Brazil Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 34 Brazil Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 35 Brazil Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 36 Brazil Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 37 Brazil Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 38 Brazil Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 39 Brazil Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 40 Brazil Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 41 Brazil Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 42 Brazil Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 43 Argentina Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 44 Argentina Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 45 Argentina Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 46 Argentina Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 47 Argentina Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 48 Argentina Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 49 Argentina Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 50 Argentina Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 51 Argentina Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 52 Argentina Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 53 UAE Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 54 UAE Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 55 UAE Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 56 UAE Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 57 UAE Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 58 UAE Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 59 UAE Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 60 UAE Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 61 UAE Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 62 UAE Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 63 Saudi Arabia Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 64 Saudi Arabia Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 65 Saudi Arabia Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 66 Saudi Arabia Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 67 Saudi Arabia Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 68 Saudi Arabia Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 69 Saudi Arabia Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 70 Saudi Arabia Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 71 Saudi Arabia Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 72 Saudi Arabia Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 73 South Africa Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 74 South Africa Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 75 South Africa Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 76 South Africa Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 77 South Africa Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 78 South Africa Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 79 South Africa Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 80 South Africa Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 81 South Africa Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 82 South Africa Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 83 Nigeria Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 84 Nigeria Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 85 Nigeria Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 86 Nigeria Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 87 Nigeria Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 88 Nigeria Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 89 Nigeria Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 90 Nigeria Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 91 Nigeria Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 92 Nigeria Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 93 Rest of LAMEA Pension Administration Software Market, 2018 - 2021, USD Million
- TABLE 94 Rest of LAMEA Pension Administration Software Market, 2022 - 2028, USD Million
- TABLE 95 Rest of LAMEA Pension Administration Software Market by Component, 2018 - 2021, USD Million
- TABLE 96 Rest of LAMEA Pension Administration Software Market by Component, 2022 - 2028, USD Million
- TABLE 97 Rest of LAMEA Pension Administration Software Market by Deployment, 2018 - 2021, USD Million
- TABLE 98 Rest of LAMEA Pension Administration Software Market by Deployment, 2022 - 2028, USD Million
- TABLE 99 Rest of LAMEA Pension Administration Software Market by Type, 2018 - 2021, USD Million
- TABLE 100 Rest of LAMEA Pension Administration Software Market by Type, 2022 - 2028, USD Million
- TABLE 101 Rest of LAMEA Pension Administration Software Market by End User, 2018 - 2021, USD Million
- TABLE 102 Rest of LAMEA Pension Administration Software Market by End User, 2022 - 2028, USD Million
- TABLE 103 Key Information - Equiniti Group plc
- TABLE 104 Key Information - Civica
- TABLE 105 Key Information - Capita plc.
- TABLE 106 Key Information - Aon plc
- TABLE 107 Key Information - Zellis Holdings Limited
- TABLE 108 Key Information - Congruent Solutions, Inc.
- TABLE 109 Key Information - Levi, Ray & Shoup, Inc.
- TABLE 110 Key Information - PensionSoft Corporation, LLC
- TABLE 111 Key Information - Sagitec Solutions, LLC
- TABLE 112 Key Information - TatvaSoft Software Development Company
List of Figures
- FIG 1 Methodology for the research
