Global Debt Collection Services Market Growth (Status and Outlook) 2023-2029

Global Debt Collection Services Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Debt Collection Services Industry Forecast” looks at past sales and reviews total world Debt Collection Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Debt Collection Services sales for 2023 through 2029. With Debt Collection Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Debt Collection Services industry.
This Insight Report provides a comprehensive analysis of the global Debt Collection Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Debt Collection Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Debt Collection Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Debt Collection Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Debt Collection Services.
The global Debt Collection Services market size is projected to grow from US$ 29530 million in 2022 to US$ 35830 million in 2029; it is expected to grow at a CAGR of 2.8% from 2023 to 2029.
Debt Collection Services are mainly classified into the following types: Early Out Debt and Bad Debt. Bad Debt is the most widely used type which takes up about 69%.
Debt Collection Services have wide range of applications, such as Healthcare, Student Loans, Financial Services, Government, Retail, Telecom & Utility, Mortgage & Others. And Healthcare was the most widely used area which took up about 30%. Follow by Financial Services, which took up 20% market share.
Encore Capital Group, EOS Group, PRA Group, Intrum, Transworld Systems Inc (TSI) are the key players in the global Debt Collection Services market. Top 5 took up nearly 18% of the global market. Those suppliers, with leading services and market position, are well-known players around the world.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Debt Collection Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Early Out Debt
Bad Debt
Segmentation by application
Healthcare
Student Loans
Financial Services
Government
Retail
Telecom & Utility
Mortgage & Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Pamar Systems
TrioSoft
InterProse
Cogent (AgreeYa)
Kuhlekt
Lariat Software
Case Master
coeo Inkasso GmbH
Prestige Services Inc (PSI)
Atradius Collections
UNIVERSUM Group
Asta Funding
Weltman, Weinberg & Reis

Please note: The report will take approximately 2 business days to prepare and deliver.