Pune, Aug. 03, 2022 (GLOBE NEWSWIRE) -- “Debt Collection Services market” research report is an expert’s analysis that mainly includes companies, types, applications, regions, countries, etc. Also, the reports give an analysis of sales, revenue, trade, competition, investment, and forecast. Debt Collection Services market research covers COVID-19 impacts on the upstream, midstream, and downstream industries. Also, this study offers detailed market estimates by emphasizing statistics on several aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends.
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A debt collection is a type of financial account that's been sent to a third-party debt collector. Debt collectors are companies who collect unpaid debts for others. The original company with which you created the debt most likely assigned or sold the account to the collection agency after you missed several payments and it was unable to get you to pay. It's usually more cost-effective for companies to hire debt collectors than to continue to spend their own resources pursuing payment on delinquent accounts. The global Debt Collection Services market size is projected to reach USD 36460 million by 2028, from USD 30190 million in 2021, at a CAGR of 2.7% during 2022-2028.
Market split by Type can be divided into: -
- Early Out Debt
- Bad Debt
Market split by Application can be divided into: -
- Healthcare
- Student Loans
- Financial Services
- Government
- Retail
- Telecom & Utility
- Mortgage & Others
Healthcare was the most widely used area which took up about 30%. Follow by Financial Services, which took up 20% market share.
Market segment by Region/Country including: -
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
North America is the largest region of Debt Collection Services in the world in the past few years and its share will be slightly decreasing in the next few years. Europe market took up about 28% the global market.
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Leading players of Debt Collection Services including: -
- Experian
- FIS
- CGI
- Transunion
- CollectOne (CDS Software)
- Comtronic Systems
- Quantrax Corp
- CollectPlus (ICCO)
- Comtech Systems
- Codix
- Katabat
- Decca Software
- Codewell Software
- Adtec Software
- JST CollectMax
- Indigo Cloud
Key Developments in the Debt Collection Services Market: -
- To describe Debt Collection Services Introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, market driving force
- To analyze the manufacturers of Debt Collection Services, with profile, main business, news, sales, price, revenue and market share
- To display the competitive situation among the top manufacturers in Global, with sales, revenue and Debt Collection Services market share
- To show the market by type and application, with sales, price, revenue, market share and growth rate by type and application
- To analyze the key countries by manufacturers, Type and Application, covering North America, Europe, Asia Pacific, Middle-East and South America, with sales, revenue and market share by manufacturers, types and applications
- To analyze the manufacturing cost, key raw materials and manufacturing process etc.
- To describe Debt Collection Services sales channel, distributors, traders, dealers etc.
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Detailed TOC of Global Debt Collection Services Market Research Report 2022
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Debt Collection Services Breakdown Data by Type
5 Debt Collection Services Breakdown Data by Application
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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