Europe Debt Collection Software Market by Component (Software and Services) and Deployment Type (Cloud and On-premise) - Global Opportunity Analysis and Industry Forecast, 2018-2025
The debt collection software is a user-friendly solution for automating debt management processes. This software segments debtors according to their level of insolvency to differentiate collection processes and improvise recovery rates. It facilitates the users with productive features such as compliance management, contact management, credit bureau reporting, automated notices, in-house collections, payment plans, transaction management, and others.
Factors such as increase in need to control, manage, and automate all debt collection and recovery processes, rise in need to reduce bad debt and improve the cash flow while optimizing collection costs, and surge in demand for omni-channel collection efforts propels Europe debt collection software market growth. Moreover, the need for solutions, which provide wide range of functionality and flexibility related to debt recoveries with a short implementation time and more effective prioritization of debts to be collected drives the growth of this market. However, difficulty in implementation & integration of debt collection software and difficulty in tracking & reconciling the accounts system impede the market growth. On the contrary, increased demand for mobile applications and introduction of analytics in debt collection software are expected to create lucrative opportunities for the global debt collection software market.
The European debt collection software market is segmented based on component, deployment type, and country. By component, the market is divided into software and services. On the basis of deployment type, it is categorized into cloud and on-premise. Country wise, it is analyzed across Denmark, Finland, Iceland, Norway, Sweden, the UK, Germany, France, Italy, Spain, Poland, the Netherlands, rest of Europe.
The major players operating in the Europe debt collection software market are Concent AS, Codix S.A., Advantage Software Factory, EXUS, Altitude Software Solutions, QUALCO, Atradius Collections, Experian Information Solutions, Inc., Scorto, Inc., Aptic, Ferber-Software GmbH, Onguard, TIETO, and BS Software GmbH.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the Europe debt collection software market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the Europe debt collection software industry.
The quantitative analysis of the Europe debt collection software market from 2016 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY DEPLOYMENT TYPE
Rest of Europe
KEY MARKET PLAYERS
Advantage Software Factory
Altitude Software Solutions
Experian Information Solutions, Inc.
BS Software GmbH