Global Pension Administration Software Market

Market Overview

• The Global Pension Administration Software Market Size is Expected to Grow from 1.16 Billion in 2023 to USD 2.87 Billion by 2033, at a CAGR of 9.48% during the forecast period 2023-2033.
• The growing complexity of pension plans is one of the main factors propelling the market for pension administration software.
• Businesses need strong software solutions to handle these difficulties because of the increasing number of workers across several industries and the variety of plans that are accessible.
• About 59% of American workers have access to an employer-sponsored retirement plan, according to research by the Employee Benefit Research Institute (EBRI), underscoring the need for effective administration tools.

Major vendors in the Pension Administration Software Market

Milliman Marc, Alight Solutions, Oracle, Buck (A Gallagher Company), Equiniti Group, Vitech Systems Group, Sagitec Solutions, TELUS Health (including LifeWorks), Heywood Limited, Capita plc, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the pension administration software market based on the below-mentioned segments:

Global Pension Administration Software Market, By Type

• On-Premise
• Cloud-Based

Global Pension Administration Software Market, By End-User

• Defined Benefit Pension Fund
• Defined Contribution Pension Fund

Global Pension Administration Software Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa