/EIN News/ — Pune, 03 August 2022 (GLOBE NEWSWIRE) — “Debt Collection Services MarketThe research report is an expert analysis which mainly includes companies, types, applications, regions, countries etc. Additionally, the reports give analysis of sales, revenue, trade, competition, investment and forecast. The debt collection services market study covers the impacts of COVID-19 on the upstream, midstream and downstream industries. Additionally, this study offers detailed market estimations with emphasis on statistics on several aspects covering market dynamics such as drivers, barriers, opportunities, threats, and industry news and trends.
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A debt collection is a type of financial account that has been sent to a third-party collection agent. Collection agents are companies that collect unpaid debts for others. The original company you created the debt with most likely assigned or sold the account to the collection agency after you missed several payments and they were unable to get you to pay. It is generally more cost-effective for businesses to hire debt collectors than to continue to spend their own resources pursuing payment of overdue accounts. The global debt collection services market size is expected to reach USD 36460 million by 2028, from USD 30190 million in 2021, at a CAGR of 2.7% during the period 2022-2028.
Market split by type can be split into:-
Market split by Application can be split into:-
- Health care
- Student loans
- Financial services
- Telecom & Utility
- Mortgage and others
Health was the most used domain with around 30%. Next come financial services, which took a 20% market share.
Market Segment by Region/Country comprising:-
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)
North America has been the largest debt collection services region in the world in recent years and its share will decrease slightly in the next few years. The European market took around 28% of the global market.
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Key Players in Debt Collection Services including:-
- Computer graphics
- CollectOne (CDS software)
- Comtronic systems
- Quantrax Corp.
- CollectPlus (ICCO)
- Comtech Systems
- Codewell Software
- Adtec Software
- JST CollectMax
- Indigo Cloud
Key Developments in the Debt Collection Services Market:-
- To describe Debt Collection Services introduction, product type and its application, market overview, market analysis by countries, market opportunities, market risk, market driving force
- To analyze Debt Collection Services manufacturers, with profile, main business, news, sales, price, revenue and market share
- View the competitive situation among global key manufacturers, with sales, revenue and market share of Debt Collection Services
- To present the market by type and application, with sales, price, revenue, market share and growth rate by type and application.
- To analyze key countries by manufacturers, type and application, covering North America, Europe, Asia-Pacific, Middle East and South America, with sales, revenue and market share by manufacturers, types and applications
- To analyze manufacturing cost, key raw materials and manufacturing process etc.
- To describe the sales channel of debt collection services, distributors, traders, resellers, etc.
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Detailed TOC of Global Debt Collection Services Market Research Report 2022
1 Presentation of the report
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Debt Collection Services Breakdown Data by Type
5 Debt Collection Services Breakdown Data by Application
6 North America
9 Latin America
10 Middle East and Africa
11 key player profiles
12 analysts’ views/conclusions
13.1 Research methodology
13.1.1 Methodology/Research Approach
13.1.2 Source of data
13.3 Author details
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