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Pension Administration Software Market to reach USD 8.68 Bn by 2029 at a growth rate of 12.1 percent over the forecast period

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Dublin, May 03, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Information Technology & Telecommunication market research firm, has published competitive intelligence and market research report on “Pension Administration Software Market“. The Pension Administration Software market size was valued at USD 4.37 Bn in 2022. The total Pension Administration Software Market revenue is expected to grow at a CAGR of 12.1 percent from 2022 to 2029, reaching USD 8.68 Bn during the forecast period.

Market Size in 2022 USD 4.37 Bn
Market Size in 2029 USD 8.68 Bn
CAGR 12.1 percent (2023-2029)
Forecast Period 2023-2029
Base Year 2022
Number of Pages 262
No. of Tables 124
No. of Charts and Figures 130
Segment Covered By Component, Offering, Type, Enterprise size, and End User
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/186952

Pension Administration Software Market Scope and Research Methodology

The report is a detailed analysis of the Pension Administration Software Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of Pension Administration Software Industry penetration, competitive structure, pricing analysis, and demand analysis of the market are undertaken at the local, regional and global levels.

Major companies are mentioned by region, along with their revenue, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Pension Administration Software Market. Growth potential and business forecast for new market entrants are provided in the Pension Administration Software Market report.

Pension Administration Software Market is segmented based on Component, Offering, Type, Enterprise size, and End User to understand the variables and impact on the market growth. Bottom-up approach was used to estimate the Pension Administration Software market size. The primary and secondary methods were used to collect data from the Pension Administration Software market. SWOT analysis was conducted to provide the strengths and weaknesses of the Pension Administration Software market.

Pension Administration Software Market Overview

The software is a robust system, used to handle multi-organization unit pensioners with pension rules and schemes. Pension Administration Software handles pension insurance policies day-to-day. The functions of pension administrator software are to handle, maintain, and invest the pension funds according to terms and conditions.

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Increasing demand for automation to boost the Pension Administration Software Market

Growing numbers of pension plans, need for automation, and efficient management of pension plan is expected to boost the market growth over the forecast period. The software provides automated solutions that streamline the process and ensure accuracy, efficiency, and compliance. It helps companies to stay compliant with all regulations, with reduced risk of penalties and other legal issues. Demography changes as the population ages is expected to fuel the demand for Pension Administration Software.

Concern about Data security and privacy is expected to restrain the Pension Administration Software Market growth. Cost of implementing and maintaining pension administration software is expected to limit market growth.

Challenges in Pension Administration Software Market

  • Growing Structural Complexity
  • Changing Roles for Administrative Staff
  • New Customer Engagement Demands
  • Ineffective Legacy Technology

North America region to boost the Pension Administration Software Market over the forecast period

North America region dominated the market in 2022 and is expected to continue the dominance over the forecast period. Mature and well-established market, with high adoption rate of companies and organizations is expected to boost the regional Pension Administration Software Market growth. United States, Canada, and Mexico are major contributors for the growth of market. Increasing adoption of cloud-based Pension Administration Software solutions with flexibility and scalability is significantly contributing for the market growth over the forecast period. Rising number of retirees and the need for efficient management of pension plan benefits is expected to influence the regional market growth.

Increasing adoption of digital technologies, rising number of retirees, and need for efficient and effective management in Asia Pacific is expected to boost the regional Pension Administration Software Market growth.

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Pension Administration Software Market Segmentation

Based on Component, the Solution segment dominated the Pension Administration Software Market in 2022 and is expected to continue the dominance over the forecast period. The segment helps to improve the productivity and cut costs by automation of numerous manual processes. Software helps government bodies to provide more transparency and accountability and is expected to boost the solution segment growth in the market.

Based on Offering, on-premises segment held the largest market share in terms of revenue in 2022 and dominated the market and is expected to continue the dominance over the forecast period. Segment provides enterprises control over software installation and is expected to boost the market growth.

By Component:

  • Software
  • Solution

By Offering:

  • Cloud-Based
  • On-Premise

By Type:

  • Public Pension
  • Private Pension

By Enterprise size:

  • SMEs
  • Large Enterprises
  • Government

By End User:

  • Employers
  • Pension Plan Administrators
  • Government Agencies
  • Credit Unions
  • Financial Institutes

Pension Administration Software market Key Players include

  • Appian
  • SoftwareReviews
  • Oracle
  • Capita
  • Civica
  • Equiniti
  • Version Systems
  • L&P Systems
  • Vitech Systems
  • Congruent Solutions
  • Sagitec Solutions
  • Levi, Ray & Shoup Inc.
  • TatvaSoft Software Development Company
  • Zellis
  • Heywood Limited
  • Milliman
  • Exaxe
  • SAP
  • Businessolver
  • Alight Solutions
  • Systech
  • Dunstan Thomas
  • Sapiens
  • UniQue Solutions International Limited
  • Ortec Finance
  • Pension Technology Group
  • Pension Management Institute
  • Exelerating platform
  • TELUS Health (formerly LifeWorks)
  • Barnett Waddingham

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/186952

Key questions answered in the Pension Administration Software Market are:

  • What are Pension Administration Software Market?
  • What was the Pension Administration Software market size in 2022?
  • What is the expected Pension Administration Software market size by 2029?
  • What is the growth rate of the Pension Administration Software Market?
  • Which are the factors expected to drive the Pension Administration Software market growth?
  • Which segment dominated the Pension Administration Software market growth?
  • What is the demand pattern for the Pension Administration Software market?
  • Which region held the largest share in the Pension Administration Software market?
  • Who are the key players in the Pension Administration Software market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Component, Offering, Type, Enterprise size, End User and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Healthcare Human Resources (HR) Software Market: The total market size is expected to reach USD 2.37 Bn by 2029, at a CAGR of 4 percent throughout the forecast period. The increase in the automation of HR processes is expected to boost the market growth.

Software Quality Assurance Market: The total market size was value to reach USD 20.21 Bn by 2029 and it is expected to grow at the CAGR of 9.6 percent over the forecast period. Focus on improving the process of development of software is expected to boost the market growth.

Print Management Software Market: The total market size is expected to reach USD 8.80 Bn by 2029 and Print Management Software Market is estimated to grow at a CAGR of 19.2 percent over the forecast period. The increased price of papers, printing, laser, and ink for businesses all over the world is expected to boost the market growth.

Yacht Management Software Market: The total market size was valued at USD 750 Mn in 2022 and is expected to reach USD 1947 Mn by 2029, at a CAGR of 14.6 percent. Advancements in technology, such as the use of artificial intelligence, machine learning, and predictive analytics is expected to boost the market growth.

Database Monitoring Software Market: The total market size was valued at USD 3.4 Bn in 2022 and is expected to reach USD 6 Bn by 2029, at a CAGR of 14.9 percent over the forecast period (2023-2029). Deployment of cloud computing technologies in the industries is expected to boost the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

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BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Artificial Intelligence

Savory & Partners: Digital Nomad Visas Sparking a Migration Boom

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DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research

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The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/5117 
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
 
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/64e274edbc38210d8eac6958c5995e56 
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/5117 
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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