The debt collection software market is projected to reach US$ 6,068.25 million by 2028 from US$ 3,177.26 million in 2021; it is expected to grow at a CAGR of 9.9% from 2022 to 2028.

The debt collection software market growth is attributed to increased adoption of self-service payment models. A growing preference for debt collection software to streamline collections and automate the loan collection process is expected to drive market growth in the coming years. The debt collection software market is projected to witness robust growth as businesses increasingly implement self-service payment platforms to keep track of their customers, track bill payments, and maintain credibility. Additionally, the growing need for multichannel communication to reach debtors and improve the collection process through automation is expected to boost the debt collection software market analysis over the forecast period.

There is a growing trend of self-service solutions that help businesses achieve their goals and prepare for the future by enabling secure acceptance of all payment methods, including Europay MasterCard (EMV), Magstripe, and Near Filed Communication (NFC), eliminating the need for cashiers or attendants. KISOK Information Systems, the world leader in self-service solutions, launched a direct bill payment business model. The system automates all payment services for unbanked or underbanked customers while eliminating the expensive processing of individual payments. In February 2022, Sila Inc., a fintech software platform that provides payment infrastructure as a service, announced that it has partnered with TrueAccord, a leading debt collection company providing smart traps and digital trap solutions to ease the operations of Sila. Overdue and delinquent account management is an important element that fintech needs to have as part of its overall fund management. Thus, the growing adoption of self-service payment models drives the debt collection software market growth.

Impact of COVID-19 Pandemic on Debt Collection Software Market Growth

The collapse in economic activity led to losses in fiscal revenues, as several countries increased government spending to mitigate the impacts of the COVID-19 pandemic. Due to restrictions on conducting businesses, debtors and creditors increased their default rates and had limited options to collect the outstanding debt from the market. The major factors affecting the debt collection software market analysis are massive export revenue loss, limited access to external finance, high spending needs, and insufficient borrowing resources. However, debt collection agencies took immediate action by highlighting the outstanding debt and offering an opportunity to the debtor with a reasonable amount, which boosted the recovery of debt management and collection procedures. Further, in emerging economies—the pandemic has affected the commodity exporters, who have been accumulating debt faster and engaging in higher lending, further impacting the debt collection software market. Moreover, several countries correspondingly received debt service, which compelled governments of different countries to respond to the economic and social emergency and contain SARS-CoV-2.

China accounts for the largest debt collection software market size in Asia Pacific, followed by Japan. China’s debt collection industry is largely unregulated, and the business has been defined by harassment and violence. In addition, China’s debt, when measured against the size of its economy, had declined severely due to the COVID-19 pandemic. Moreover, the debt has grown dramatically, and the country’s government identified the huge debt pile as a potential threat to its economic stability. The government imposed several measures to reduce the economy’s reliance on debt for growth. Debt collection and credit management companies are increasingly offering comprehensive coverage of every stage of the credit management and debt collection processes across personal and business risk solutions. Conversely, several Chinese fintech startups, such as Shenzhen-based Zhai Zong Guan, are implementing and adopting digitalized procedures to overcome debt collection issues and have started listing problems related to loans on online platforms. As a resulṭ, the demand for debt-collection software continues to rise in the country.

Banks operating in the Middle East are experiencing high debt collection costs and a surge in bad debt write-offs; therefore, there is a growing need for higher provisions against loan losses. Also, a retail banking environment is characterized by significant non-performing loans (NPLs) and robust technological change. Banks are increasingly adopting specialized debt collection software, as managing credit loss is a key business driver that directly impacts profits. In Saudi Arabia, NPLs as a percentage of total gross loans have witnessed a steady rise, creating a market opportunity for debt collection software market players catering to the financing segment. Moreover, the usage of customer self-service (CSS) platforms has increased as they offer several benefits. In this platform, lenders and collectors can get a single view of each consumer and their payment status, including automated follow-up actions and recommendations to streamline the debt collection process. Furthermore, as automation increases, debt collection companies are resorting to digital collection techniques that successfully engage customers by emphasizing that the lenders will assist them over the shared platform.

Chetu Inc.; FICO; CSS, Inc.; Experian Information Solutions Inc.; EXUS; Loxon Solutions; FIS; Pegasystems; Quantrax Corporation, Inc.; and CGI Inc. are a few key players operating in the debt collection software market.

The overall debt collection software market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about debt collection software market analysis. The process also obtains an overview and forecast of the debt collection software market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. This process includes VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the debt collection software market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Debt Collection Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Debt Collection Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Automation in the Debt Collection Process
5.1.2 Growing Adoption of Self-Service Payment Models
5.1.3 Growing Adoption of Debt Collection Software in the Healthcare Industry
5.2 Market Restraints
5.2.1 Varying Debt Collection Regulation
5.3 Market Opportunities
5.3.1 Data-Driven Debt Collection Using Machine Learning and Artificial Intelligence
5.3.2 Increase in Need for Automation in the Accounts Receivable Process
5.4 Future Trends
5.4.1 Emergence of Big Data Analytics and Predictive Analytics
5.4.2 Emerging Trend of Digital Multi-channel Communications & Customer Centric Approach
5.5 Impact Analysis of Drivers and Restraints
6. Debt Collection Software Market – Global Market Analysis
6.1 Global Debt Collection Software Market Overview
6.2 Global Debt Collection Software Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Debt Collection Software Market Analysis – By Component
7.1 Overview
7.2 Debt Collection Software Market, by Component (2021 & 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
8. Debt Collection Software Market Analysis – By Deployment Mode
8.1 Overview
8.2 Debt Collection Software Market, by Deployment Mode (2021 & 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
9. Debt Collection Software Market Analysis – By Organization Size
9.1 Overview
9.2 Debt Collection Software Market, by Organization Size (2021 & 2028)
9.3 SMEs
9.3.1 Overview
9.3.2 SMEs: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
10. Debt Collection Software Market Analysis – By Industry Vertical
10.1 Overview
10.2 Debt Collection Software Market, by Industry Vertical (2021 & 2028)
10.3 IT & Telecom
10.3.1 Overview
10.3.2 IT & Telecom: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4 BFSI
10.4.1 Overview
10.4.2 BFSI: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Retail
10.5.1 Overview
10.5.2 Retail: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Manufacturing
10.6.1 Overview
10.6.2 Manufacturing: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11. Debt Collection Software Market – Geographic Analysis
11.1 Overview
11.2 North America: Debt Collection Software Market
11.2.1 North America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Debt Collection Software Market, By Component
11.2.3 North America: Debt Collection Software Market Revenue and Forecast, by Deployment Mode
11.2.4 North America: Debt Collection Software Market Revenue and Forecast, by Organization Size
11.2.5 North America: Debt Collection Software Market, by Industry Vertical
11.2.6 North America: Debt Collection Software Market, by Country
11.2.6.1 US: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Debt Collection Software Market, by Component
11.2.6.1.2 US: Debt Collection Software Market, by Deployment Mode
11.2.6.1.3 US: Debt Collection Software Market, by Organization Size
11.2.6.1.4 US: Debt Collection Software Market, by Industry Vertical
11.2.6.2 Canada: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Debt Collection Software Market, by Component
11.2.6.2.2 Canada: Debt Collection Software Market, by Deployment Mode
11.2.6.2.3 Canada: Debt Collection Software Market, by Organization Size
11.2.6.2.4 Canada: Debt Collection Software Market, by Industry Vertical
11.2.6.3 Mexico: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Debt Collection Software Market, by Component
11.2.6.3.2 Mexico: Debt Collection Software Market, by Deployment Mode
11.2.6.3.3 Mexico: Debt Collection Software Market, by Organization Size
11.2.6.3.4 Mexico: Debt Collection Software Market, by Industry Vertical
11.3 Europe: Debt Collection Software Market
11.3.1 Europe: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Debt Collection Software Market, By Component
11.3.3 Europe: Debt Collection Software Market, by Deployment Mode
11.3.4 Europe: Debt Collection Software Market, by Organization Size
11.3.5 Europe: Debt Collection Software Market, by Industry Vertical
11.3.6 Europe: Debt Collection Software Market, by Key Country
11.3.6.1 Germany: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Debt Collection Software Market, by Component
11.3.6.1.2 Germany: Debt Collection Software Market, by Deployment Mode
11.3.6.1.3 Germany: Debt Collection Software Market, by Organization Size
11.3.6.1.4 Germany: Debt Collection Software Market, by Industry Vertical
11.3.6.2 France: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Debt Collection Software Market, by Component
11.3.6.2.2 France: Debt Collection Software Market, by Deployment Mode
11.3.6.2.3 France: Debt Collection Software Market, by Organization Size
11.3.6.2.4 France: Debt Collection Software Market, by Industry Vertical
11.3.6.3 Italy: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Debt Collection Software Market, by Component
11.3.6.3.2 Italy: Debt Collection Software Market, by Deployment Mode
11.3.6.3.3 Italy: Debt Collection Software Market, by Organization Size
11.3.6.3.4 Italy: Debt Collection Software Market, by Industry Vertical
11.3.6.4 UK: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Debt Collection Software Market, by Component
11.3.6.4.2 UK: Debt Collection Software Market, by Deployment Mode
11.3.6.4.3 UK: Debt Collection Software Market, by Organization Size
11.3.6.4.4 UK: Debt Collection Software Market, by Industry Vertical
11.3.6.5 Russia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Debt Collection Software Market, by Component
11.3.6.5.2 Russia: Debt Collection Software Market, by Deployment Mode
11.3.6.5.3 Russia: Debt Collection Software Market, by Organization Size
11.3.6.5.4 Russia: Debt Collection Software Market, by Industry Vertical
11.3.6.6 Rest of Europe: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Debt Collection Software Market, by Component
11.3.6.6.2 Rest of Europe: Debt Collection Software Market, by Deployment Mode
11.3.6.6.3 Rest of Europe: Debt Collection Software Market, by Organization Size
11.3.6.6.4 Rest of Europe: Debt Collection Software Market, by Industry Vertical
11.4 Asia Pacific: Debt Collection Software Market
11.4.1 Asia Pacific: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 Asia Pacific: Debt Collection Software Market, By Component
11.4.3 Asia Pacific: Debt Collection Software Market, by Deployment Mode
11.4.4 Asia Pacific: Debt Collection Software Market, by Organization Size
11.4.5 Asia Pacific: Debt Collection Software Market, by Industry Vertical
11.4.6 Asia Pacific: Debt Collection Software Market, by Key Country
11.4.6.1 Australia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Debt Collection Software Market, by Component
11.4.6.1.2 Australia: Debt Collection Software Market, by Deployment Mode
11.4.6.1.3 Australia: Debt Collection Software Market, by Organization Size
11.4.6.1.4 Australia: Debt Collection Software Market, by Industry Vertical
11.4.6.2 China: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Debt Collection Software Market, by Component
11.4.6.2.2 China: Debt Collection Software Market, by Deployment Mode
11.4.6.2.3 China: Debt Collection Software Market, by Organization Size
11.4.6.2.4 China: Debt Collection Software Market, by Industry Vertical
11.4.6.3 India: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Debt Collection Software Market, by Component
11.4.6.3.2 India: Debt Collection Software Market, by Deployment Mode
11.4.6.3.3 India: Debt Collection Software Market, by Organization Size
11.4.6.3.4 India: Debt Collection Software Market, by Industry Vertical
11.4.6.4 Japan: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Debt Collection Software Market, by Component
11.4.6.4.2 Japan: Debt Collection Software Market, by Deployment Mode
11.4.6.4.3 Japan: Debt Collection Software Market, by Organization Size
11.4.6.4.4 Japan: Debt Collection Software Market, by Industry Vertical
11.4.6.5 South Korea: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Debt Collection Software Market, by Component
11.4.6.5.2 South Korea: Debt Collection Software Market, by Deployment Mode
11.4.6.5.3 South Korea: Debt Collection Software Market, by Organization Size
11.4.6.5.4 South Korea: Debt Collection Software Market, by Industry Vertical
11.4.6.6 Rest of Asia Pacific: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of Asia Pacific: Debt Collection Software Market, by Component
11.4.6.6.2 Rest of Asia Pacific: Debt Collection Software Market, by Deployment Mode
11.4.6.6.3 Rest of Asia Pacific: Debt Collection Software Market, by Organization Size
11.4.6.6.4 Rest of Asia Pacific: Debt Collection Software Market, by Industry Vertical
11.5 MEA: Debt Collection Software Market
11.5.1 MEA: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Debt Collection Software Market, by Component
11.5.3 MEA: Debt Collection Software Market, by Deployment Mode
11.5.4 MEA: Debt Collection Software Market, by Organization Size
11.5.5 MEA: Debt Collection Software Market, by Industry Vertical
11.5.6 MEA: Debt Collection Software Market, by Country
11.5.6.1 South Africa: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Debt Collection Software Market, by Component
11.5.6.1.2 South Africa: Debt Collection Software Market, by Deployment Mode
11.5.6.1.3 South Africa: Debt Collection Software Market, by Organization Size
11.5.6.1.4 South Africa: Debt Collection Software Market, by Industry Vertical
11.5.6.2 Saudi Arabia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Debt Collection Software Market, by Component
11.5.6.2.2 Saudi Arabia: Debt Collection Software Market, by Deployment Mode
11.5.6.2.3 Saudi Arabia: Debt Collection Software Market, by Organization Size
11.5.6.2.4 Saudi Arabia: Debt Collection Software Market, by Industry Vertical
11.5.6.3 UAE: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Debt Collection Software Market, by Component
11.5.6.3.2 UAE: Debt Collection Software Market, by Deployment Mode
11.5.6.3.3 UAE: Debt Collection Software Market, by Organization Size
11.5.6.3.4 UAE: Debt Collection Software Market, by Industry Vertical
11.5.6.4 Rest of MEA: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Debt Collection Software Market, by Component
11.5.6.4.2 Rest of MEA: Debt Collection Software Market, by Deployment Mode
11.5.6.4.3 Rest of MEA: Debt Collection Software Market, by Organization Size
11.5.6.4.4 Rest of MEA: Debt Collection Software Market, by Industry Vertical
11.6 South America: Debt Collection Software Market
11.6.1 South America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 South America: Debt Collection Software Market, by Component
11.6.3 South America: Debt Collection Software Market, by Deployment Mode
11.6.4 South America: Debt Collection Software Market, by Organization Size
11.6.5 South America: Debt Collection Software Market, by Industry Vertical
11.6.6 South America: Debt Collection Software Market, by Country
11.6.6.1 Brazil: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Debt Collection Software Market, by Component
11.6.6.1.2 Brazil: Debt Collection Software Market, by Deployment Mode
11.6.6.1.3 Brazil: Debt Collection Software Market, by Organization Size
11.6.6.1.4 Brazil: Debt Collection Software Market, by Industry Vertical
11.6.6.2 Argentina: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Debt Collection Software Market, by Component
11.6.6.2.2 Argentina: Debt Collection Software Market, by Deployment Mode
11.6.6.2.3 Argentina: Debt Collection Software Market, by Organization Size
11.6.6.2.4 Argentina: Debt Collection Software Market, by Industry Vertical
11.6.6.3 Rest of South America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of South America: Debt Collection Software Market, by Component
11.6.6.3.2 Rest of South America: Debt Collection Software Market, by Deployment Mode
11.6.6.3.3 Rest of South America: Debt Collection Software Market, by Organization Size
11.6.6.3.4 Rest of South America: Debt Collection Software Market, by Industry Vertical
12. Debt Collection Software Market – Covid-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 South America Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Product Launch
13.5 Regulatory News
14. Company Profiles
14.1 FICO
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 CSS, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Experian Information Solutions, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Exus
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Loxon Solutions
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 FIS
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Pegasystems Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Quantrax Corporation, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 CGI INC.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Chetu, Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index

LIST OF TABLES

Table 1. Global Debt Collection Software Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Debt Collection Software Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Debt Collection Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Debt Collection Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 27. France: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 35. UK: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 47. Asia Pacific: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 48. Asia Pacific: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 49. Asia Pacific: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 50. Asia Pacific: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 51. Asia Pacific: Debt Collection Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 56. China: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 60. India: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 64. Japan: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of Asia Pacific: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of Asia Pacific: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of Asia Pacific: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of Asia Pacific: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 76. MEA: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Debt Collection Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 81. South Africa: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 85. Saudi Arabia: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 89. UAE: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 93. Rest of MEA: Debt Collection Software Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 97. South America: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 98. South America: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 99. South America: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 100. South America: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 101. South America: Debt Collection Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 102. Brazil: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 106. Argentina: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 110. Rest of South America: Debt Collection Software Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of South America: Debt Collection Software Market, by Deployment Mode – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of South America: Debt Collection Software Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of South America: Debt Collection Software Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 114. List of Abbreviation

LIST OF FIGURES

Figure 1. Debt Collection Software Market Segmentation
Figure 2. Debt Collection Software Market Segmentation – By Geography
Figure 3. Global Debt Collection Software Market Overview
Figure 4. Debt Collection Software Market, by Component
Figure 5. Debt Collection Software Market, by Deployment Mode
Figure 6. Debt Collection Software Market, by Organization Size
Figure 7. Debt Collection Software Market, by Industry Vertical
Figure 8. Debt Collection Software Market, by Geography
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. APAC – PEST Analysis
Figure 12. MEA – PEST Analysis
Figure 13. SAM – PEST Analysis
Figure 14. Debt Collection Software Market – Ecosystem Analysis
Figure 15. Global Debt Collection Software Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Debt Collection Software Market
Figure 17. Global Debt Collection Software Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Debt Collection Software Market Revenue Share, by Component (2021 & 2028)
Figure 19. Software: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Service: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 22. On-Premise: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Cloud: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 25. SMEs: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Large Enterprises: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 28. IT & Telecom: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. BFSI: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Retail: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Manufacturing: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Debt Collection Software Market Revenue Share, By Region (2021 & 2028)
Figure 34. North America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Debt Collection Software Market Revenue Share, By Component (2021 & 2028)
Figure 36. North America: Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 37. North America: Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 38. North America: Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 39. North America: Debt Collection Software Market Revenue Share, by Country (2021 & 2028)
Figure 40. US: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Debt Collection Software Market Revenue Share, By Component (2021 & 2028)
Figure 45. Europe: Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 46. Europe: Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 47. Europe: Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 48. Europe: Debt Collection Software Market Revenue Share, by Key Country (2021 & 2028)
Figure 49. Germany: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of Europe: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Asia Pacific: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Asia Pacific: Debt Collection Software Market Revenue Share, By Component (2021 & 2028)
Figure 57. Asia Pacific: Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 58. Asia Pacific: Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 59. Asia Pacific: Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 60. Asia Pacific: Debt Collection Software Market Revenue Share, by Key Country (2021 & 2028)
Figure 61. Australia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. China: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. India: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Japan: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. South Korea: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of Asia Pacific: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. MEA: Debt Collection Software Market Revenue Share, By Component (2021 & 2028)
Figure 69. MEA: Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 70. MEA: Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 71. MEA: Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 72. MEA: Debt Collection Software Market Revenue Share, by Country (2021 & 2028)
Figure 73. South Africa: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Saudi Arabia: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. UAE: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Rest of MEA: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. South America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. South America: Debt Collection Software Market Revenue Share, By Component (2021 & 2028)
Figure 79. South America: Debt Collection Software Market Revenue Share, by Deployment Mode (2021 & 2028)
Figure 80. South America: Debt Collection Software Market Revenue Share, by Organization Size (2021 & 2028)
Figure 81. South America: Debt Collection Software Market Revenue Share, by Industry Vertical (2021 & 2028)
Figure 82. South America: Debt Collection Software Market Revenue Share, by Country (2021 & 2028)
Figure 83. Brazil: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Argentina: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Rest of South America: Debt Collection Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 86. Impact of COVID-19 Pandemic on North America Country Markets
Figure 87. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 88. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 89. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 90. Impact of COVID-19 Pandemic on South America Country Markets

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global debt collection software market.
● Highlights key business priorities in order to assist companies to re-align their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the global debt collection software market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Debt Collection Software Market
● Chetu Inc.
● FICO
● CSS, Inc.
● Experian Information Solutions Inc.
● EXUS
● Loxon Solutions
● FIS
● Pegasystems Inc.
● Quantrax Corporation, Inc.
● CGI Inc.

According to the new research report on “Debt Collection Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 6,068.25 million by 2028; it is expected to register a CAGR of 9.9% from 2022 to 2028.
There is an increasing need for self-service payment models to accelerate the debt collection process, which is projected to fuel the demand for debt collection software in North America during the forecast period. Countries in North America have been proactively adopting cloud-based platforms and digital technologies to keep the increasing bad debt rate in check. The region has a wide presence of major players offering debt collection software solutions, thus creating competition among themselves. A few of the major North American debt collection software market players are FIS, FICO, TransUnion LLC, Pegasystems Inc., Chetu Inc., KATABAT, Gaviti, Metropolitan Credit Adjusters Ltd., Ameyo, and LeadSquared. The emergence of the COVID-19 pandemic created a financial burden that led certain businesses into debt. Significant economic challenges in 2021, such as inflation, supply shortages, and restrictions on several business operations, created an environment to go under debt.
According to the Experian study in April 2022, an average American had US$ 92,727 in consumer debt, which included auto loans, credit cards, mortgages, and personal and student loans. In 2021, ~28% of Americans had debt in collections on their credit report because they failed to pay their loans. Such factors have augmented the debt collection software market growth across North America.
The debt collection software market analysis in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The increasing demand for automating and controlling debt, enhancing the recovery process, and the growing need to increase the productivity in debt collections are the prominent factors driving the debt collection software market in Europe. As per Intrum’s 2022 European Payment Report, many European businesses believe that macroeconomic challenges such as inflation, rise in prices, and the war in Ukraine are influencing their companies’ growth prospects. Moreover, many businesses also admit that late payments, debt growth, and lack of expertise to manage debt are propelling the need for debt collection software in Europe. The impacts of the COVID-19 pandemic increased the debt liabilities of businesses and consumers. According to trading economics, the Government Debt in European Union (UN) increased to US$ 12.09 trillion in 2020 from US$ 10.85 trillion in 2019. As per the CEIC Data, EU Government debt accounted for 87.8% of the country’s Nominal GDP in March 2022, compared to 88.1% in March 2021.

The global debt collection software market is segmented on the basis of component, deployment type, organization size, industry vertical, and geography. Based on component, the market is bifurcated into software and services. Based on deployment type, the market is bifurcated into on-premise and cloud-based. Based on organization size, the market is divided into SMEs and large enterprises. Based on industry vertical, the debt collection software market is segmented into IT & Telecom, BFSI, retail, manufacturing, and others. Based on geography, the global debt collection software market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In 2021, the top five global debt collection software market players included Chetu Inc.; FICO; CSS, Inc.; Experian Information Solutions Inc.; EXUS; and Loxon Solutions. The positioning of these “Five Key Players” is derived by providing weightage to the following key performance parameters such as overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investment in technology up-gradation, R&D investments, mergers & acquisitions, and other market-related activities. Various other notable debt collection software market players profiled in the global report are FIS; Pegasystems; Quantrax Corporation, Inc.; and CGI Inc.

Key Findings of Market Study:
There are various stakeholders in the debt collection software market ecosystem such as solution providers, debt collection software system integrators/service vendors, and end users. The solution providers offer various types of solutions such as software, service, consulting, integration & implementation, and training & support. A few of the major solution providers in the market include FIS, FICO, Experian, CGI, and TransUnion. These providers have made a number of developments in the recent years to streamline their product experience through various mergers and collaborations and upgradation in their products. Debt collection software handles all stages of the debt collection process, from collecting all borrower information to sending late billing notices, phone calls, and debt collection management. Sales of receivables collection software are expected to increase due to the multi-functionalization. Government & regulatory bodies, as well as peripheral participants such as industry consortiums and groups & researchers, play a crucial role in influencing the debt collection software market growth. Furthermore, the end-users of the debt collection software market analysis include various industry verticals such as financial institutions, collection agencies, healthcare, government, and telecom & utilities.