Cloud Delivery Model Steps In to Accelerate Market Expansion
The Worldwide Debt Collection Software Industry is Projected to Reach $6.5 Billion by 2030: Cloud Delivery Model Steps In to Accelerate Market Expansion
Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) — The
“Debt Collection Software – Global Strategic Business Report”
report has been added to
The global market for Debt Collection Software estimated at US$3.4 Billion in the year 2022, is projected to reach a revised size of US$6.5 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.
Software, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$4.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 9.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 7.8% CAGR
The Debt Collection Software market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Select Competitors (Total 62 Featured) –
- Adtec Software Ltd.
- Advantage Software Factory (Romania)
- Agreeya Solutions, Inc.
- Ameyo (Drishti-Soft)
- Chetu Inc.
- CSS Impact
- Debtrak Pty. Ltd.
- Experian PLC
- FICO (Fair Isaac Corporation)
- Intellect Design Arena Ltd.
- Kuhlekt Pty Ltd
- Nucleus Software Exports Ltd.
- Pamar Systems Inc.
- Pegasystems, Inc.
- Quantrax Corporation, Inc.
- SeikoSoft LLC.
- Sopra Banking Software SA
- Temenos Headquarters SA
- Totality Software, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
|No. of Pages||204|
|Forecast Period||2022 – 2030|
|Estimated Market Value (USD) in 2022||$3.4 Billion|
|Forecasted Market Value (USD) by 2030||$6.5 Billion|
|Compound Annual Growth Rate||8.4%|
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Debt Collection Software: A Prelude
- Steady Growth Projected for Debt Collection Software Market
- Debt Collection Software – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Emphasis on Process Automation in Modern Enterprise Creates Fertile Environment for Debt Collection Software Market
- Cloud Delivery Model Steps In to Accelerate Market Expansion
- Banking and Finance Firms Emerge as Core Consumers of Debt Collection Software
- Telecommunication Enterprises Rely on Debt Collection Software to Automate Debt Management Process
- Utilities Bank on Debt Collection Software to Augment Collections Operations
- Collection & Recovery Agencies Leverage Debt Collection Software to Stay Competitive
- Law Firms Reinforce Collection Procedure with Debt Collection Software
- Roll Out of New Improved Tools Widens Prospects for Debt Collection Software Market: A Review of Select Recently Launched Debt Collection Software Tools
- Katabat Unveils Katabat Engage Debt Collections Software with Integrated ML Capabilities
- Apollo Enterprise Solutions Rolls Out TrueCollect Debt Collection Tool
- Pacific Collection Group Unleashes New Debt Collection Software
- Experian Rolls Out PowerCurve Collections with Analytics Capabilities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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