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Debt Collection Software Market “Estimated to Reach US$ 4.6 Billion by 2024”- New Research

Press Release

A fresh report titled “Debt Collection Software Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

The Global Debt Collection Software Market size is expected to grow from an estimated value of US$ 2.9 Billion in 2019 to US$ 4.6 Billion by 2024, at a CAGR of 9.6% during the forecast period. This report spread across 134 pages, profiling 15 companies and supported with tables and figures is now available in this research.

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The market report of debt collection software identifies key market players as FIS (US), FICO (US), Experian (Ireland), CGI (Canada), Trans Union (US), Pega systems (US), Temenos (Switzerland), Intellect Design Arena (India), Nucleus Software (India), Chetu (US), AMEYO (India), Loxon Solutions (Hungary), EXUS (UK), Kuhlekt (Australia), and Katabat (US).

“The telecom & utilities segment is projected to grow at the highest CAGR during the forecast period”

With time, several organizations have deployed a mix of technologies, computer systems, and modern debt collection software to manage their increasing subscriber base. Telecom and utilities enterprises are continually moving forward and trying to stay on top of the latest trends and technologies as collecting telecom debts and tracking customers can be very challenging. Today, legal notices no longer pose a threat to debtors, and growing rules & regulations have made the collection process even more complex.

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“The integration & implementation services segment expected to account for the largest share during the forecast period”

Integration & implementation services provide ease to organizations in deploying debt collection software. These services ensure organizations that their applications would be integrated effortlessly with their internal and external systems, and they would get the most out of investments made on IT infrastructure. System integrators help enterprises understand the operational functionalities of their existing systems and establish reliable connectivity between data, people, applications, and devices for the growth of business revenue.

Study Objectives:

  • To forecast the market size of five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To define, describe, and forecast the debt collection software market by component (software and services), deployment type, organization size, user type, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the debt collection software market
  • To analyze the market with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
  • To analyze the competitive developments, such as agreements, partnerships, acquisitions, and product/solution launches in the debt collection software market

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Competitive Landscape of Debt Collection Software Market:

1 Overview

2 Competitive Scenario

2.1 New Product/Solution Launches and Enhancements

2.2 Business Expansions

2.3 Acquisitions

2.4 Partnerships and Collaborations

3 Microquadrant Overview

2.1 Visionary Leaders

2.2 Dynamic Differentiators

2.3 Innovators

2.4 Emerging Companies

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