Market Share of Pension Administration Software Industry
The Pension Administration Software Market is fragmented as it currently consists of many players. Several key players in the market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their global footprint in developing regions to consolidate their positions in the market. The major player in this market includes Heywood Limited, Milliman, Inc., The Civica Group, SAP SE, and Oracle Corporation.
- In December 2022, Milliman, a market-leading consulting firm worldwide, unveiled the news that it had made available the most recent version of its Arius® insurtech software solutions, a series of cutting-edge reserve analysis tools for big self-insureds and property and casualty insurers.
- In July 2022, Smart, the premier supplier of retirement technology worldwide, designed a revolutionary technology platform, Keystone, to transform the USD 62 trillion retirement savings industry. Keystone by Smart, which can serve hundreds of millions of people, will now be made available to corporate and public-sector clients throughout the world's pensions business.
Pension Administration Software Market Leaders
Heywood Limited
Milliman, Inc.
SAP SE
Oracle Corporation
Capita plc.
*Disclaimer: Major Players sorted in no particular order
