The Asia Pacific Pension Administration Software Market should witness market growth of 12.8% CAGR during the forecast period (2022-2028).
The real-time fund management statistics are now highlighted by the pension administration software, which runs on a variety of platforms including Mac, Windows, and others. A program's information is more accurate and up to date. Should any necessary audits be needed, a software solution also guarantees a more streamlined, easy, and error-free experience. The market for pension administration software is undergoing a seismic shift as a result of consumers' increasing demand for digital services, recordkeepers' tight profit margins, and banks' dearth of effective technology.
Financial services companies need assistance to keep up with the costly upkeep of legacy systems. These layers of subpar technological systems make maintaining records more difficult. The possibility of obtaining a public pension is provided by the federal, state, and local governments. Large government organisations already use a variety of pension software systems as a consolidated platform for the benefit calculation of a massive number of workers.
One of the world's fastest-growing ageing populations is in China. Due to rising life expectancy and falling birth rates, 28% of China's population is expected to be over 60 by 2040. For public health and socioeconomic development, this profound demographic shift creates a number of new challenges and opportunities. Of particular importance is the creation of an integrated system that meets the social and health needs of older people while ensuring that everyone has access to healthcare, regardless of location. Japan's population is also ageing quickly; in 2017, there were 27.7% people over 65. In 2065, this percentage is expected to increase steadily to 38.4%. This supports the growth of the regional market.
The China market dominated the Asia Pacific Pension Administration Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $697.1 million by 2028. The Japan market is estimated to grow a CAGR of 12.1% during (2022-2028). Additionally, The India market would experience a CAGR of 13.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
The real-time fund management statistics are now highlighted by the pension administration software, which runs on a variety of platforms including Mac, Windows, and others. A program's information is more accurate and up to date. Should any necessary audits be needed, a software solution also guarantees a more streamlined, easy, and error-free experience. The market for pension administration software is undergoing a seismic shift as a result of consumers' increasing demand for digital services, recordkeepers' tight profit margins, and banks' dearth of effective technology.
Financial services companies need assistance to keep up with the costly upkeep of legacy systems. These layers of subpar technological systems make maintaining records more difficult. The possibility of obtaining a public pension is provided by the federal, state, and local governments. Large government organisations already use a variety of pension software systems as a consolidated platform for the benefit calculation of a massive number of workers.
One of the world's fastest-growing ageing populations is in China. Due to rising life expectancy and falling birth rates, 28% of China's population is expected to be over 60 by 2040. For public health and socioeconomic development, this profound demographic shift creates a number of new challenges and opportunities. Of particular importance is the creation of an integrated system that meets the social and health needs of older people while ensuring that everyone has access to healthcare, regardless of location. Japan's population is also ageing quickly; in 2017, there were 27.7% people over 65. In 2065, this percentage is expected to increase steadily to 38.4%. This supports the growth of the regional market.
The China market dominated the Asia Pacific Pension Administration Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $697.1 million by 2028. The Japan market is estimated to grow a CAGR of 12.1% during (2022-2028). Additionally, The India market would experience a CAGR of 13.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- Exhaustive coverage
- The 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 & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Pension Administration Software Market, by Component
1.4.2 Asia Pacific Pension Administration Software Market, by Deployment
1.4.3 Asia Pacific Pension Administration Software Market, by Type
1.4.4 Asia Pacific Pension Administration Software Market, by End User
1.4.5 Asia Pacific 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
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Pension Administration Software Market by Component
3.1 Asia Pacific Solution Market by Country
3.2 Asia Pacific Services Market by Country
Chapter 4. Asia Pacific Pension Administration Software Market by Deployment
4.1 Asia Pacific Cloud Market by Country
4.2 Asia Pacific On-premise Market by Country
Chapter 5. Asia Pacific Pension Administration Software Market by Type
5.1 Asia Pacific Public Pension Market by Country
5.2 Asia Pacific Private Pension Market by Country
Chapter 6. Asia Pacific Pension Administration Software Market by End User
6.1 Asia Pacific Government Agencies Market by Country
6.2 Asia Pacific Pension Plan Administrators Market by Country
6.3 Asia Pacific Employers Market by Country
6.4 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Pension Administration Software Market by Country
7.1 China Pension Administration Software Market
7.1.1 China Pension Administration Software Market by Component
7.1.2 China Pension Administration Software Market by Deployment
7.1.3 China Pension Administration Software Market by Type
7.1.4 China Pension Administration Software Market by End User
7.2 Japan Pension Administration Software Market
7.2.1 Japan Pension Administration Software Market by Component
7.2.2 Japan Pension Administration Software Market by Deployment
7.2.3 Japan Pension Administration Software Market by Type
7.2.4 Japan Pension Administration Software Market by End User
7.3 India Pension Administration Software Market
7.3.1 India Pension Administration Software Market by Component
7.3.2 India Pension Administration Software Market by Deployment
7.3.3 India Pension Administration Software Market by Type
7.3.4 India Pension Administration Software Market by End User
7.4 South Korea Pension Administration Software Market
7.4.1 South Korea Pension Administration Software Market by Component
7.4.2 South Korea Pension Administration Software Market by Deployment
7.4.3 South Korea Pension Administration Software Market by Type
7.4.4 South Korea Pension Administration Software Market by End User
7.5 Singapore Pension Administration Software Market
7.5.1 Singapore Pension Administration Software Market by Component
7.5.2 Singapore Pension Administration Software Market by Deployment
7.5.3 Singapore Pension Administration Software Market by Type
7.5.4 Singapore Pension Administration Software Market by End User
7.6 Malaysia Pension Administration Software Market
7.6.1 Malaysia Pension Administration Software Market by Component
7.6.2 Malaysia Pension Administration Software Market by Deployment
7.6.3 Malaysia Pension Administration Software Market by Type
7.6.4 Malaysia Pension Administration Software Market by End User
7.7 Rest of Asia Pacific Pension Administration Software Market
7.7.1 Rest of Asia Pacific Pension Administration Software Market by Component
7.7.2 Rest of Asia Pacific Pension Administration Software Market by Deployment
7.7.3 Rest of Asia Pacific Pension Administration Software Market by Type
7.7.4 Rest of Asia Pacific 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
Companies Mentioned
- 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
Methodology
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