Allied Market Research

2024

Pension Fund Management Software Market

Pension Fund Management Software Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Deployment Mode, by Enterprise Size, by End User and by Companies covered : Global Opportunity Analysis and Industry Forecast, 2023-2032

BI : IT in BFSI

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Author's: | Onkar Sumant
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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.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

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.

The global pension fund management software market trends are as follows:

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:

  • The coronavirus pandemic has affected so many lives in a negative way, yet at the same time it is also witnessing that digital platforms attained a huge growth among consumers. As the same way, pension fund management software provides opportunity to consumers during this crisis by effectively managing their pension funds.
  • Reducing investment income and pressure on fees are among challenges that they are faced by pension fund providers. But, cost-effective software resolve the problem and provide comprehensive features that can help Pension Fund managers provide meaningful information to their clients.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global pension fund management software market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pension fund management software market share.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global pension fund management software market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Research Report:

  • What are the leading market players active in the global pension fund management software market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the pension fund management software market?
  • What are the projections for the future that would help in taking further strategic steps?

Pension Fund Management Software Market Report Highlights

Aspects Details
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By Companies covered
  • Vitech Systems Group
  • Aquila
  • Sagitec Solutions
  • Morneau Shepell Inc
  • Oracle
  • SAP
  • Lynchval Systems Worldwide
  • Inc.
  • Workday
  • LRS Retirement Solutions
  • Visma
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By Application
  • Android
  • iPhone
  • Web-based
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By Deployment Mode
  • Cloud
  • On-premises
  • Hybrid
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By Enterprise Size
  • Small and medium-sized enterprises
  • Large enterprises
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By End User
  • Banking
  • Financial institutions
  • Credit unions
  • others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Aquila, LRS Retirement Solutions, Lynchval Systems Worldwide, Inc., Vitech Systems Group, Oracle, Workday, SAP, Morneau Shepell Inc., Sagitec Solutions, Visma

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Pension Fund Management Software Market

Global Opportunity Analysis and Industry Forecast, 2023-2032