Debt Collection Software Market Size, Trends, Growth & Outlook

Debt Collection Software Market by Component (Software and Services), Deployment (Cloud and On-premises), Organization Size (Small & Medium Enterprises and Large Enterprises), and End User (Financial Institutions, Collection Agencies, Healthcare, Government, Telecom & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Industry: ICT | Report ID: FAMI-00751 | Published on: Jan, 2020 | View: 294 | Share:         

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A new report titled, "Debt Collection Software Market by Component, Deployment, Organization Size, and End User: Opportunity Analysis and Industry Forecast, 2019-2026," the debt collection software market size was valued at $2,783.2 million in 2018, and is projected to reach $5,660.8 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026.

Debt collection software is a management software responsible to streamline debt collection and recovery processes. This software is capable to analyze large datasets, increase the level of automation, and meet the demand of an ever-changing debt collection industry. Some of the features of the debt collection software include payment plans, client management, in-house collections, transaction management, and others. Advent of digitalization has augmented the need to automate the debt collection processes. This is a major factor expected to drive growth of the global debt collection software market at a significant rate. Usually companies prefer to outsource or hire debt collectors, which is a cost-effective process. In addition, this helps companies to continue their spending on their own resources tracking payment on delinquent accounts. This is anticipated fueled the growth of the collection software market at a significant rate in the coming years.

Among the component segment, the software segment exhibited the highest revenue contributor in the global market in 2018, owing to its features such as automated invoicing options, central data storage, alerts & notifications, and others. However, the service segment is expected to exhibit the highest growth rate during the forecast period.

North America dominated the overall debt collection software market in 2018, and is expected to remain dominant during the forecast period, due to availability of well-developed infrastructure which strong compatibility capabilities. Thus, the integration among various BFSI systems becomes easy. However, Asia-Pacific is expected to exhibit highest growth rate during the forecast period, due to digital transformation and increase in willingness of consumers to adopt new technologies.

Based on deployment, the on-premise segment dominated the overall debt collection software market in 2018, and is expected to continue this trend during the forecast period. This is attributed to increase in need to secure critical data from cyber-threats and monitor the invasion of data within the organization. These factors promote users to implement on-premises-based debt collection software. Furthermore, high demand for debt collection software among the debt collection agencies is proliferating the growth of financial institutions segment at a significant rate. In addition, the rise in need to reduce bad debt in financial institution the debt collection software is expected to help these institutes to analyze the debtors behavioral and banking data. This in turn is expected to drive the growth of the financial institution segment during the forecast period.

According to Makarand Sinnarkar, Research Analyst, ICT at Allied Market Research, “North America dominated the debt collection software market in 2018, and is projected to remain dominant during the forecast period. This is attributed to availability of well-developed infrastructure, which enables market players to adopt emerging technology with ease. Moreover, upsurge in number of early adopters of technologies in the BFSI sector coupled with presence of number of major players operating in this region is the key factors that contribute toward the growth of the global market.”

Key Finding of The Debt Collection Software Market:

  • By component, the software segment dominated the debt collection software market share. However, the services segment is expected to exhibit significant growth during the forecast period in the debt collection software industry.
  • On the basis of deployment, the on-premise segment is anticipated highest revenue share in 2018.
  • Depending on organization size, the small & medium enterprises segment accounted for the highest revenue in debt collection software market forecast.
  • As per end user, the financial institutions generated the highest revenue in 2018. However, the healthcare sector is expected to witness considerable growth in the near future.
  • Region wise, Asia-Pacific is expected to witness significant growth in terms of CAGR in the upcoming years.

Some of the key players profiled in the debt collection software market analysis include Atradius Collections, Chetu Inc., Experian Information Solutions, Inc., Fair Isaac Corporation, Fidelity National Information Services, Inc., Nucleus Software Exports Ltd., Pegasystems Inc., Temenos AG, Tieto, and TransUnion LLC.

Major players operating in this market have witnessed high growth in demand for debt collection solutions especially due to digitalization. This study includes debt collection software market opportunity, analysis, trends, and future estimations to determine the imminent investment pockets.

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Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology

1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models

Chapter 2: Executive Summary

2.1. Key Findings

2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets

2.2. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope
3.2. Key Forces Shaping The Global Debt Collection Software Market
3.3. Case Studies

3.3.1. Efs Debt Collections & Recovery Software Treats In Sberbank D.D. Bank
3.3.2. Hunter Warfield And Eresolve

3.4. Market Dynamics

3.4.1. Drivers

3.4.1.1. Automation In The Accounts Receivable Process
3.4.1.2. Rise In Multichannel Collection Models
3.4.1.3. Need To Reduce Bad Debt And Optimize Collection Costs

3.4.2. Restraints

3.4.2.1. High Maintenance Cost Associated With Debt Collection Services
3.4.2.2. Diversified Debt Collection Regulations Across The Globe

3.4.3. Opportunities

3.4.3.1. Analytics-Enabled Collections Models

3.5. Patent Analysis

3.5.1. By Region (2004–2018)
3.5.2. By Applicant

Chapter 4: Global Debt Collection Software Market, By Component

4.1. Overview
4.2. Software

4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country

4.3. Services

4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country

Chapter 5: Global Debt Collection Software Market, By Deployment

5.1. Overview
5.2. Cloud

5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country

5.3. On-Premise

5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country

Chapter 6: Global Debt Collection Software Market, By Organization Size

6.1. Overview
6.2. Small And Medium Enterprises

6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country

6.3. Large Enterprises

6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country

Chapter 7: Global Debt Collection Software Market, By End-User

7.1. Overview
7.2. Financial Institutions

7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis, By Country

7.3. Collection Agencies

7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Region
7.3.3. Market Analysis, By Country

7.4. Healthcare

7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Region
7.4.3. Market Analysis, By Country

7.5. Government

7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2. Market Size And Forecast, By Region
7.5.3. Market Analysis By Country

7.6. Telecom & Utilities

7.6.1. Key Market Trends, Growth Factors And Opportunities
7.6.2. Market Size And Forecast, By Region
7.6.3. Market Analysis By Country

7.7. Others

7.7.1. Key Market Trends, Growth Factors, And Opportunities
7.7.2. Market Size And Forecast, By Region
7.7.3. Market Analysis, By Country

Chapter 8: Global Debt Collection Software Market, By Region

8.1. Overview

8.1.1. Market Size And Forecast, By Region

8.2. North America

8.2.1. Key Market Trends, Growth Factors, And Opportunities
8.2.2. Market Size And Forecast, By Component
8.2.3. Market Size And Forecast, By Deployment
8.2.4. Market Size And Forecast, By Organization Size
8.2.5. Market Size And Forecast, By End-User
8.2.6. Market Analysis, By Country

8.2.6.1. U.S.

8.2.6.1.1. Market Size And Forecast, By Component
8.2.6.1.2. Market Size And Forecast, By Deployment
8.2.6.1.3. Market Size And Forecast, By Organization Size
8.2.6.1.4. Market Size And Forecast, By End-User

8.2.6.2. Canada

8.2.6.2.1. Market Size And Forecast, By Component
8.2.6.2.2. Market Size And Forecast, By Deployment
8.2.6.2.3. Market Size And Forecast, By Organization Size
8.2.6.2.4. Market Size And Forecast, By End-User

8.3. Europe

8.3.1. Key Market Trends, Growth Factors, And Opportunities
8.3.2. Market Size And Forecast, By Component
8.3.3. Market Size And Forecast, By Deployment
8.3.4. Market Size And Forecast, By Organization Size
8.3.5. Market Size And Forecast, By End-User
8.3.6. Market Analysis, By Country

8.3.6.1. Germany

8.3.6.1.1. Market Size And Forecast, By Component
8.3.6.1.2. Market Size And Forecast, By Deployment
8.3.6.1.3. Market Size And Forecast, By Organization Size
8.3.6.1.4. Market Size And Forecast, By End-User

8.3.6.2. Uk

8.3.6.2.1. Market Size And Forecast, By Component
8.3.6.2.2. Market Size And Forecast, By Deployment
8.3.6.2.3. Market Size And Forecast, By Organization Size
8.3.6.2.4. Market Size And Forecast, By End-User

8.3.6.3. France

8.3.6.3.1. Market Size And Forecast, By Component
8.3.6.3.2. Market Size And Forecast, By Deployment
8.3.6.3.3. Market Size And Forecast, By Organization Size
8.3.6.3.4. Market Size And Forecast, By End-User

8.3.6.4. Rest of Europe

8.3.6.4.1. Market Size And Forecast, By Component
8.3.6.4.2. Market Size And Forecast, By Deployment
8.3.6.4.3. Market Size And Forecast, By Organization Size
8.3.6.4.4. Market Size And Forecast, By End-User

8.4. Asia-Pacific

8.4.1. Key Market Trends, Growth Factors, And Opportunities
8.4.2. Market Size And Forecast, By Component
8.4.3. Market Size And Forecast, By Deployment
8.4.4. Market Size And Forecast, By Organization Size
8.4.5. Market Size And Forecast, By End-User
8.4.6. Market Analysis, By Country

8.4.6.1. Japan

8.4.6.1.1. Market Size And Forecast, By Component
8.4.6.1.2. Market Size And Forecast, By Deployment
8.4.6.1.3. Market Size And Forecast, By Organization Size
8.4.6.1.4. Market Size And Forecast, By End-User

8.4.6.2. China

8.4.6.2.1. Market Size And Forecast, By Component
8.4.6.2.2. Market Size And Forecast, By Deployment
8.4.6.2.3. Market Size And Forecast, By Organization Size
8.4.6.2.4. Market Size And Forecast, By End-User

8.4.6.3. India

8.4.6.3.1. Market Size And Forecast, By Component
8.4.6.3.2. Market Size And Forecast, By Deployment
8.4.6.3.3. Market Size And Forecast, By Organization Size
8.4.6.3.4. Market Size And Forecast, By End-User

8.4.6.4. Rest of Asia-Pacific

8.4.6.4.1. Market Size And Forecast, By Component
8.4.6.4.2. Market Size And Forecast, By Deployment
8.4.6.4.3. Market Size And Forecast, By Organization Size
8.4.6.4.4. Market Size And Forecast, By End-User

8.5. Lamea

8.5.1. Key Market Trends, Growth Factors, And Opportunities
8.5.2. Market Size And Forecast, By Component
8.5.3. Market Size And Forecast, By Deployment
8.5.4. Market Size And Forecast, By Organization Size
8.5.5. Market Size And Forecast, By End-User
8.5.6. Market Analysis, By Country

8.5.6.1. Latin America

8.5.6.1.1. Market Size And Forecast, By Component
8.5.6.1.2. Market Size And Forecast, By Deployment
8.5.6.1.3. Market Size And Forecast, By Organization Size
8.5.6.1.4. Market Size And Forecast, By End-User

8.5.6.2. Middle East

8.5.6.2.1. Market Size And Forecast, By Component
8.5.6.2.2. Market Size And Forecast, By Deployment
8.5.6.2.3. Market Size And Forecast, By Organization Size
8.5.6.2.4. Market Size And Forecast, By End-User

8.5.6.3. Africa

8.5.6.3.1. Market Size And Forecast, By Component
8.5.6.3.2. Market Size And Forecast, By Deployment
8.5.6.3.3. Market Size And Forecast, By Organization Size
8.5.6.3.4. Market Size And Forecast, By End-User

Chapter 9: Competitive Landscape

9.1. Market Share Analysis, 2018
9.2. Top Winning Strategies
9.3. Competitive Dashboard
9.4. Key Developments

9.4.1. New Product Launches
9.4.2. Partnership
9.4.3. Collaboration
9.4.4. Acquisition
9.4.5. Agreement
9.4.6. Business Expansion
9.4.7. Product Development

9.5. Patent Analysis

9.5.1. By Region (2004-2018)
9.5.2. By Applicant

9.6. Case Studies

9.6.1. Euramax Coated Products Gain A Faster Access To Predictive Decisions
9.6.2. Velux Group Implemented Sap Analytics Cloud Solution

Chapter 10: Company Profile

10.1. Atradius N.V.

10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves And Developments

10.2. Chetu Inc.

10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.2.5. Key Strategic Moves And Developments

10.3. Experian Information Solutions, Inc.

10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves And Developments

10.4. Fair Isaac Corporation

10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. R&D Expenditure
10.4.7. Business Performance
10.4.8. Key Strategic Moves And Developments

10.5. Fidelity National Information Services, Inc. (Fis)

10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves And Developments

10.6. Nucleus Software Exports Ltd.

10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.6.5. R&D Expenditure
10.6.6. Business Performance
10.6.7. Key Strategic Moves And Developments

10.7. Pegasystems Inc.

10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.7.5. R&D Expenditure
10.7.6. Business Performance

10.8. Temenos

10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. Business Performance
10.8.7. Key Strategic Moves And Developments

10.9. Tieto Corporation

10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves And Developments

10.10. Transunion Llc.

10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves And Developments

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