Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.79 Billion | USD 14.28 Billion | 6.24% | 2024 |
FrequentlyAsked Questions
A pension fund management software is a completely integrated system that is designed for delivering upgraded asset, liability, and risk information on a regular basis. It helps the end-users in gaining in-depth management information in terms of pension and assists them in running their direct benefit pension scheme proficiently. Citing an instance, Asset Liability Suite, a powerful, web-based, and modular pension fund management software tool provides end-users with upgraded asset & liability data on daily basis.
The global pension fund management software market is projected to expand over 2023-2030 owing to the large-scale use of cloud technology in the software development sector. Apart from this, the growing requirement for less workload, adaption to online banking tools, less workforce needs, and low maintenance costs all boost the global market proceeds.
According to a study, the global pension fund management software market size was worth around USD 7.79 Billion in 2024 and is expected to reach USD 14.28 Billion by 2034.
The global pension fund management software market is expected to grow at a CAGR of 6.24% during the forecast period.
The North American pension fund management software industry is set to register humungous growth over the upcoming years owing to the launching of the publicly funded Canada Pension Plan and the U.S. Social Security Programs for old-age persons who can get the benefit from these old-age pension schemes.
Leading players in the global pension fund management software market include Vitech Systems Group, Sagitec Solutions Private Limited, Acquila Business Consulting LLP, LifeWorks, Heywood Pension Technologies, Oracle Corporation, Lynchval Systems Worldwide Inc., SAP SE, Workday, Inc., Visma, The Civica Group, and LRS Retirement Solutions., among others.
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