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Pension Administration Software Market Share

Report ID: GMI9573
Published Date: May 2024
Report Format: PDF

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Pension Administration Software Market Share

Oracle, Visma and Morneau Shepell hold a significant market share of 21% in pension administration software industry, Oracle’s comprehensive suite of cloud-based solutions offers robust pension administration capabilities, leveraging advanced automation and analytics to streamline processes and enhance efficiency. With a global presence and a strong reputation for innovation, Oracle positions itself as a trusted partner for organizations seeking scalable and customizable solutions to manage their pension obligations effectively.

Visma, on the other hand, specializes in providing tailored pension administration solutions for companies of all sizes, particularly focusing on flexibility and user-friendly interfaces. Its emphasis on customer-centricity and local expertise enables Visma to effectively address the unique needs and regulatory requirements of different markets, positioning the company as a competitive player in the pension administration space.

Pension Administration Software Market Companies

Major players operating in the pension administration software industry are:

Aquila
Capita
Civica
Equiniti
Infosys McCamish Systems
Line Software Group
Morneau Shepell
Oracle
SAP
Visma

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Pension administration software industry size was worth USD 3.6 billion in 2023 and is projected to expand at over 8% CAGR from 2024 to 2032, owing to the aging population, complex regulatory requirements, rising need for efficient fund management, and the adoption of digital solutions for streamlined administration processes.

The software component segment in the pension administration software industry accounted for 71% revenue share in 2023 and is projected to grow at significant CAGR between 2024 and 2032, due to the increasing adoption of modular solutions by the organizations to select and integrate specific features according to their needs.

The corporate pension funds end-user segment in the pension administration software industry accounted for 36% market share in 2023 and is estimated to record significant growth between 2024 and 2032, led by the increasing prioritization of sustainable investing, integrating environmental, social, and governance (ESG) factors into the corporate pensions funds investment strategies.

North America pension administration software market accounted for over 35% revenue share in 2023 and is estimated to grow at substantial rate between 2024 and 2032, on account of the rising aging population, and high demand for efficient pension management tools.