New Zealand markets open in 8 hours 33 minutes
  • NZX 50

    10,862.34
    +109.18 (+1.02%)
     
  • NZD/USD

    0.6237
    +0.0027 (+0.43%)
     
  • ALL ORDS

    6,796.90
    +76.50 (+1.14%)
     
  • OIL

    109.72
    +1.29 (+1.19%)
     
  • GOLD

    1,809.60
    +8.10 (+0.45%)
     

United States Debt Collection Software Industry to 2027 - Specialised Applications of AI/ML Presents Opportunities

·5-min read
Company Logo
Company Logo

US Debt Collection Software Market

US Debt Collection Software Market
US Debt Collection Software Market

Dublin, May 19, 2022 (GLOBE NEWSWIRE) -- The "US Debt Collection Software Market (2022-2027) by Components, Deployment Type, Organisation Type, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The US Debt Collection Software Market is estimated to be USD 748.88 Mn in 2022 and is expected to reach USD 1165.52 Mn by 2027, growing at a CAGR of 9.25%.

Market dynamics are forces that impact the prices and behaviors of the US Debt Collection Software Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bertelsmann Se & Co., Fidelity National Information Services, Inc., Loxon Solutions, CGI Inc, Quantrax Corp. Inc, TransUnion LLC.,, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Debt Collection Software Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses US Debt Collection Software Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Debt Collection Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.

  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.

  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Automation in The Accounts Receivable Process
4.1.2 Surge in The Multichannel Collection Service
4.1.3 Rise in The Need to Reduce Bad Debt and Maintaining an Accurate Borrower Profile
4.2 Restraints
4.2.1 High Cost of Maintenance and Investment
4.3 Opportunities
4.3.1 Specialised Applications of AI/ML
4.3.2 Growing Demand for Commercial and Consumer Debt Recovery Services
4.3.3 Rise in the Use of Analytics-Enabled Collections Models
4.4 Challenges
4.4.1 Insufficiency of Legacy System
4.4.2 Lack of Real-Time Collaboration Between the Borrower and Collector

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 US Debt Collection Software Market, By Components
6.1 Introduction
6.2 Software
6.3 Service

7 US Debt Collection Software Market, By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On premises

8 US Debt Collection Software Market, By Organisation Type
8.1 Introduction
8.2 Financial Institution
8.3 Collection Agencies
8.4 Healthcare
8.5 Government
8.6 Telecom and Utilities
8.7 Other

9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements

10 Company Profiles
10.1 Bertelsmann Se & Co.
10.2 Coface (Arch Capital Group Ltd)
10.3 Experian Information Solutions, Inc
10.4 Fico (Fair Isaac Corporation)
10.5 Fidelity National Information Services, Inc.
10.6 Intellect Design Arena LTD.
10.7 Loxon Solutions
10.8 Nucleus Software Exports Ltd
10.9 Pegasystems Inc.
10.10 Agreeya Solutions
10.11 CGI Inc
10.12 Chetu Inc.
10.13 Katabat
10.14 Quantrax Corp. Inc
10.15 Sopra Banking Software
10.16 Temenos AG
10.17 TransUnion LLC.

11 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/4hdcyi

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting