1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Bank Lending Market Trends
Debt Collection Software Market by Component, End-User, Organization Size, Deployment Type And Region - Global Forecast to 2023

Debt Collection Software Market: Global Forecast until 2023

  • September 2018
  • 144 pages
  • ID: 5532147
In this report:
IN EUROPE, THE HEALTHCARE SEGMENT IS EXPECTED TO GROW FROM USD ##.## MILLION IN 2018 TO USD ##.## MILLION BY 2023, AT THE HEALTHY CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE SOFTWARE SEGMENT IS EXPECTED TO HOLD THE LARGER MARKET SHARE DURING THE FORECAST PERIOD AND PROJECTED TO USD ##,##.## MILLION BY 2023, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

Summary

Table of Contents

Search Inside

The debt collection software market is anticipated to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast horizon.

The debt collection software market size is forecasted to grow from ~$2.6B in 2018 to ~$3.7B by 2023, at a Compound Annual Rise rate of 7.20 percent during the forecast period.

The growing focus on the multicommunication channel to attain debtors, increasing need to outsource debt collection task to specialized collection agencies, and increasing demand for cloud-based debt collection software powered with self-service payment models are forecast to steer the rise of the debt collection software market. The main factors that are anticipated to restrict the increase of the debt collection software market are inflexibility of the existing systems to process a important volume of debtor's information and limited IT resources.

The implementation segment is forecasted to account for the biggest industry size during the outlook period.

Implementation services provided by debt collection software vendors involve analyzing the organization's need, understanding the operational functionalities of the existing systems, and integrating value-added features as per the specific requirements of debt collection organizations and agencies.Implementation services help debt collection organizations to enhance their cash collection efficiency and boost the global collection and recovery process.

As well, these services help money lending organizations to redefine collection strategies for uplifting the customers' satisfaction.

The telecom and utilities segment is anticipated to increase at the maximal compound annual growth rate (CAGR) during the estimate period.

Among consumers, the telecom and utilities segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period.It becomes challenging for debt collection agencies and institutions to recover the amount of debt on time.

In this digital era, debt collection software can be extremely helpful to debt collection agencies in collecting debt from consumers.Debt collection software offer the self-service payment platform to consumers for timely paying their bills and maintaining their credibility.

This adoption allows the cloud segment to account for a considerable market size during the estimate period.

Asia-Pac is anticipated to witness the more significant increase rate during the outlook period.

North America (NA) is expected to account for the biggest market share in 2018 while APAC is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period.Asia-Pac is anticipated to be a money-spinning market for debt collection software providers during the outlook period, considering the technological advancements and the rising bad debts.

Multinational firms are anticipated to emphasize on exploring the APAC sector by partnering with local firms, channel partners, and technology partners. Also, the growing adoption of the cloud and mobile technologies by big diversified populations have led to the quick implementation of debt collection software in the APAC countries, including Japan, China (CN), and Australia (AU).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the main people. The distribution of profiles of the primary participants is presented below:

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 45.0 percent, D-level - 30.0 percent, and Others - 25.0 percent

• By Area: North America continent - 35.0 percent, Asia Pacific (APAC) - 30.0 percent, Europe (EU) - 20.0 percent, and rest of the world - 15.0 percent

Main vendors that offer debt collection software across the world contain FICO, Pegasystems, Temenos, Experian, Chetu, FIS, EXUS, Sopra Banking, Quantrax Corporation, Indus Software, Pamar Systems, Intellect Design, Kuhlekt, Adtec Software, Katabat, Advantage Software Factory, Totality Software, CSS Impact, Nucleus Software, Coface, Arvato, Ameyo, AgreeYa Solutions, SeikoSoft, and Debtrak.

Segment Research

The debt collection software market has been broken down by component, end-user, deployment type, organization size, and area. The study is expected to benefit industry top players/new sector entrants in this sector in these ways:

The document breaks down the debt collection software market comprehensively and offers the best approximations of the revenue data for the global market and its sub-segments.The industry numbers are further split across distinct debt collection components and localities.

Furthermore, the analysis splits the sector into on-premises and cloud deployment types.

Reasons to Buy the Report

From an insight prospect, this market research highlights on several levels of analysis - the market size of the overall market and sub-segments; review of the top actors and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the debt collection software market; and high-growth areas and their respective drivers, market restraints, opportunities, and alternatives.

The market research is anticipated to enhance both established companies, as well as new entrants/smaller companies to measure the pulse of the sector, which in turn, could help companies in garnering high market share.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
The US SaaS Mortgage Software Market: Size, Trends & Forecasts (2018-2022)

The US SaaS Mortgage Software Market: Size, Trends & Forecasts (2018-2022)

  • $ 800
  • Industry report
  • May 2018
  • by Daedal Research

Scope of the ReportThe report titled “The US SaaS Mortgage Software Market: Size, Trends & Forecasts (2018-2022)”, provides an in-depth analysis of the addressable US SaaS mortgage market opportunity ...

Apex Insight 2018 Consumer Credit Subscription

Apex Insight 2018 Consumer Credit Subscription

  • $ 6309
  • Industry report
  • September 2018
  • by Apex Insight

This includes:– All current Consumer Credit reports listed on the Apex Insight site at more advantageous pricing than if they were purchased individually– All reports and briefings we publish on the ...

2018 Banking Competitor Profile: Barclays

2018 Banking Competitor Profile: Barclays

  • $ 3450
  • Industry report
  • July 2018
  • by GlobalData

2018 Banking Competitor Profile: BarclaysSummaryBarclays is one of the largest banks in the UK, and is a leading provider of all the main banking products.Mortgages are a particular strength for the bank ...

China Economic Outlook: Q3 2018 $ 1302 August 2018


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on