US Debt Collection Software Market (2022 to 2027) – With CGI, Chetu and Katabat among others

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DUBLIN, May 17, 2022–(BUSINESS WIRE)–The United States Debt Collection Software Market Report (2022-2027) by Components, Deployment Type, Organization Type, Competitive Analysis, and Covid-19 Impact with Ansoff Analysis ” has been added to from ResearchAndMarkets.com offer.

The US Debt Collection Software Market is estimated to be valued at USD 748.88 Million in 2022 and is projected to reach USD 1165.52 Million by 2027, growing at a CAGR of 9.25%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the US 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.

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

Ansoff analysis

The report presents a detailed analysis of the Ansoff Matrix for the US 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 US 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 done on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the US 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

Opportunities

  • Specialized applications of AI/ML

  • Growing demand for commercial and consumer debt collection services

  • Increased use of analytics-based collection templates

Challenges

Market segmentation

The US 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 and utilities, and others.

Companies cited

  • 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.

  • Loxon Solutions

  • Nucleus Ltd Software Exports

  • Pegasystems Inc.

  • Agreement Solutions

  • CGI Inc.

  • Chetu Inc.

  • Katabat

  • Quantrax Corp. Inc.

  • Sopra banking software

  • Temenos SA

  • Trans Union LLC.

For more information about this report visit https://www.researchandmarkets.com/r/2w0z2b

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220517005690/en/

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