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

ResearchAndMarkets.com’s

offering.

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{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} over the analysis period 2022-2030.

Software, one of the segments analyzed in the report, is projected to record 7.8{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} 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{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} 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{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} 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{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} and 7{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} CAGR.

Select Competitors (Total 62 Featured) –

Adtec Software Ltd.
Advantage Software Factory (Romania)
Agreeya Solutions, Inc.
Ameyo (Drishti-Soft)
Arvato
Chetu Inc.
Coface
CSS Impact
Debtrak Pty. Ltd.
Experian PLC
EXUS
FICO (Fair Isaac Corporation)
FIS
Intellect Design Arena Ltd.
Katabat
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

Report Attribute	Details
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{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847}
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

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

IV. COMPETITION

For more information about this report visit

https://www.researchandmarkets.com/r/6cpnkp-collection?w=12

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Global Market for Debt Collection Software

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