Report Code: A10398 | Pages: NA | Mar 2023 | 2170 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pension Fund Management Software Market
Request Now !The global pension fund management software market size is expected to witness significant growth during the forecast period. A pension fund software is a fully integrated system, designed to deliver the up-to-date asset, liability and risk information on a daily basis, so that consumers have full comprehensive management information with respect to pension and help them to run their DB (Direct Benefit) pension scheme efficiently. For instance, “Asset Liability Suite” DB pension fund management software, offers the best outcomes for pension scheme.s Whether person is a corporate sponsor, trustee or investment specialist, as most of them are facing increasing pressure to control the risks and costs of defined benefit (DB) pension arrangements nowadays.
The pension fund management software market is segmented on the basis of application, deployment mode, enterprise size, and end user. On the basis of application, it is categorized into android, iphone and web-based. On the basis of deployment mode, it is divided into cloud, on-premises and hybrid. On the basis of enterprise size small and medium-sized enterprises and large enterprises. On the basis of industrial vertical, it is classified into banking, financial institutions, credit unions and others. On the basis of region, it is studied across North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.
The key player covered in the pension fund management software market share are Vitech Systems Group, Aquila, Sagitec Solutions, Morneau Shepell Inc., Oracle, SAP, Lynchval Systems Worldwide, Inc., Workday, LRS Retirement Solutions, and Visma.
Compatibility with a variety of third-party online banking systems, reduced workload and manpower requirements, reduced implementation and maintenance costs and IAS 39 compliant integrated fund management system are the factors that derive the global pension fund management software market growth. However variations in the pension fund laws and availability of substitute hinder the market growth of the global pension fund management software. Contrarily, investments in automation, launches of new and advanced products, and trend of wearable devices present new pathways in the industry.
When people come to retire they will experience a reduction in income and pension fund management software makes up for some of this loss of income in retirement. Furthermore, pension schemes can provide protection in the form of lump sums and pensions to dependants in the event of a member's death.
Integration of pension fund management software with different operating models and data security and safety concerns associated with pension fund management software are the two restraints of the global pension fund management software.
Emphasizing on real-time pension fund management analytics and increasing demand for effective resource management system and compatibility with numerous platforms such as windows. Mac, and others are the global trends to be followed by the market.
COVID-19 Scenario Analysis:
Market Scope and Structure Analysis:
Report Metric | Details |
Market size available for years | 2019-2027 |
Base year considered | 2019 |
Forecast period | 2021-2027 |
Forecast units | Value (USD) |
Segments covered | Application, Deployment Mode, Enterprise Size, and End User |
Key Benefits of the Report:
Questions Answered in the Research Report:
Pension Fund Management Software Market Report Highlights
Aspects | Details |
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By Companies covered |
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By Application |
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By Deployment Mode |
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By Enterprise Size |
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By End User |
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By Region |
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Key Market Players | Vitech Systems Group, Aquila, Sagitec Solutions, Morneau Shepell Inc., Oracle, SAP, Lynchval Systems Worldwide, Inc., Workday, LRS Retirement Solutions, Visma |
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