Global Debt Collection Software Market (2022 to 2027) – With Experian Information Solutions, Nucleus Solutions, and Temenos, among others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Debt Collection Software Market (2022-2027) by Components, Deployment Type, Organization Type, Geography, Competitive Analysis, and Covid-19 Impact with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Debt Collection Software Market is estimated to be valued at USD 3.9 Billion in 2022 and is projected to reach USD 6.06 Billion by 2027, growing at a CAGR of 9.23%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the global Debt Collection Software market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of – Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest MEA.

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global debt collection software market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Market dynamics

Drivers

  • Growing demand for automation in the accounts receivable process

  • Ramp-up of the multi-channel collection service

  • Increased need to reduce bad debts and maintain an accurate borrower profile

Constraints

  • High maintenance and investment cost

Opportunities

  • Specialized applications of AI/ML

  • Growing demand for commercial and consumer debt collection services

  • Increased use of analytics-based collection templates

Challenges

  • Insufficiency of the legacy system

  • Lack of real-time collaboration between borrower and collector

Market segmentation

The global debt collection software market is segmented on the basis of components, type of deployment, type of organization and geography.

  • Components, the market is classified into Software and Service.

  • Deployment type, the market is categorized into cloud and on-premises.

  • Type of organization, the market is categorized into financial institution, collection agencies, healthcare, government, telecommunications & utilities, and others.

  • Geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Agreement Solutions

  • Ameyo (Drishti-soft Solutions Pvt. Ltd.)

  • Astory Technology SA

  • Bertelsmann Se & Co.

  • CGI Inc.

  • Chetu Inc.

  • Coface (Arch Capital Group Ltd)

  • Experian Information Solutions, Inc.

  • exus

  • Fico (Fair Isaac Corporation)

  • Fidelity National Information Services, Inc.

  • Intellect Design Arena LTD.

  • Katabat

  • Kühlekt

  • Loxon Solutions

  • Nucleus Software LTD.

  • Pegasystems Inc.

  • Quantrax Corp. Inc.

  • Sopra banking software

  • Temenos SA

  • Tietoevry

  • Transunion LLC

  • Wincollect Pty. ltd.

For more information on this report visit https://www.researchandmarkets.com/r/y42gim


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