UK debt collection software market
Dublin, 08 July 2022 (GLOBE NEWSWIRE) — The report “UK Debt Collection Software Market (2022-2027) by Components, Deployment Type, Organization Type, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.
The UK Debt Collection Software Market is estimated at USD 211.41 Million in 2022 and is projected to reach USD 328.58 Million by 2027, growing at a CAGR of 9.22%.
Market dynamics are forces that are impacting pricing and behaviors of UK Debt Collection Software market players. 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.
The UK debt collection software market is segmented on the basis of components, type of deployment and type of organization.
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.
The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. Some of the companies covered in this report are Bertelsmann Se & Co., Fico (Fair Isaac Corporation), Loxon Solutions, Exus, Katabat, Temenos AG, etc.
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
The report presents a detailed analysis of the Ansoff matrix for the UK debt collection software market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risk associated with each approach.
The analyst analyzes the UK debt collection software market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth
Main topics covered:
1 Description of the report
2 Research methodology
3 Executive Summary
3.2 Market Size, Segmentations and Outlook
4 Market dynamics
4.1.1 Growing Demand for Automation in Accounts Receivable Process
4.1.2 Ramp-up of the multi-channel collection service
4.1.3 Increased Need to Reduce Bad Debt and Maintain an Accurate Borrower Profile
4.2.1 High cost of maintenance and investment
4.3.1 Specialized applications of AI/ML
4.3.2 Growing Demand for Commercial and Consumer Debt Collection Services
4.3.3 Increased use of analytics-based collection models
4.4.1 Insufficiency of the legacy system
4.4.2 Lack of real-time collaboration between borrower and collector
5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis
6 UK Debt Collection Software Market, by Components
7 UK Debt Collection Software Market, by Deployment Type
7.3 On site
8 UK Debt Collection Software Market, by Organization Type
8.2 Financial institution
8.3 Collection Agencies
8.6 Telecom and utilities
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 Mergers and Acquisitions and Investments
9.3.2 Partnerships and collaborations
9.3.3 Product developments and improvements
10 company profiles
Bertelsmann Se & Co.
Coface (Arch Capital Group Ltd)
Experian Information Solutions, Inc.
Fico (Fair Isaac Corporation)
Fidelity National Information Services, Inc.
Intellect Design Arena LTD.
Nucleus Ltd Software Exports
For more information about this report visit https://www.researchandmarkets.com/r/m7n0my
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