DUBLIN--(BUSINESS WIRE)--The "Global Debt Collection Software Market (2022-2027) by Components, Deployment Type, Organisation Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Debt Collection Software Market is estimated to be USD 3.9 Bn in 2022 and is expected to reach USD 6.06 Bn by 2027, growing at a CAGR of 9.23%.
Market dynamics are forces that impact the prices and behaviors of the Global Debt Collection Software Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may 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 the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
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 of 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 evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Debt Collection Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Increasing Demand for Automation in The Accounts Receivable Process
- Surge in The Multichannel Collection Service
- Rise in The Need to Reduce Bad Debt and Maintaining an Accurate Borrower Profile
Restraints
- High Cost of Maintenance and Investment
Opportunities
- Specialised Applications of AI/ML
- Growing Demand for Commercial and Consumer Debt Recovery Services
- Rise in the Use of Analytics-Enabled Collections Models
Challenges
- Insufficiency of Legacy System
- Lack of Real-Time Collaboration Between the Borrower and Collector
Market Segmentation
The Global Debt Collection Software Market is segmented based on Components, Deployment Type, Organisation Type, and Geography.
- Components, the market is classified into Software and Service.
- Deployment Type, the market is classified into Cloud and On premises.
- Organisation Type, the market is classified into Financial Institution, Collection Agencies, Healthcare, Government, Telecom and Utilities, and Other.
- Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Companies Mentioned
- Agreeya Solutions
- Ameyo (Drishti-soft Solutions Pvt. Ltd.)
- Astory Technology S.A.
- 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
- Kuhlekt
- Loxon Solutions
- Nucleus Software LTD.
- Pegasystems Inc.
- Quantrax Corp. Inc.
- Sopra Banking Software
- Temenos AG
- Tietoevry
- Transunion LLC
- Wincollect Pty. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/y42gim
