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Debt Collection Software - Global Market Trajectory & Analytics

  • ID: 4804187
  • Report
  • April 2021
  • Region: Global
  • 224 pages
  • Global Industry Analysts, Inc
Global Debt Collection Software Market to Reach $4 Billion by 2027

Amid the COVID-19 crisis, the global market for Debt Collection Software estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $786.3 Million, While China is Forecast to Grow at 5.4% CAGR

The Debt Collection Software market in the U.S. is estimated at US$786.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$695.7 Million by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 41 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.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Debt Collection Software: A Prelude
  • Steady Growth Projected for Debt Collection Software Market
  • Impact of Covid-19 and a Looming Global Recession
  • 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
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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