UK debt collection software market
DUBLIN, July 08, 2022 (GLOBE NEWSWIRE) — The UK Debt Collection Software Market (2022-2027) by Components, Deployment Type, Organization Type, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis report has been added to ResearchAndMarkets.com Offer.
The UK debt collection software market is estimated at USD 211.41 million in 2022 and is projected to reach USD 328.58 million by 2027, growing at a CAGR of 9.22%.
Market dynamics are forces affecting the prices and behavior of players in the UK Debt Collection Software Market. These forces create price signals resulting from the changes in the supply and demand curves for a particular product or service. Market dynamics forces can be related to macroeconomic and microeconomic factors. There are other dynamic market forces than price, demand and supply. Human emotions can also drive decisions, influence the market and generate price signals.
As market dynamics affect supply and demand curves, decision makers are trying to figure out the best way to deploy different financial tools to curb different strategies to accelerate growth and reduce risks.
The UK debt collection software market is segmented on the basis of components, deployment type and organization type.
Components, the market is divided into software and service.
Deployment Type, the market is classified into Cloud and On Premises.
Organization type, the market is categorized into Financial Institutions, Debt Collection Agencies, Healthcare, Government, Telecom & Utilities and others.
The report provides a detailed analysis of the competitors in the market. It encompasses the financial performance analysis for the publicly traded companies in the market. The report also offers detailed information on the recent development and the competitive scenario of the companies. Some of the companies covered in this report are Bertelsmann Se & Co., Fico (Fair Isaac Corporation), Loxon Solutions, Exus, Katabat, Temenos AG, etc.
The report includes the Competitive Quadrant, a proprietary tool used to analyze and rank companies’ position based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation assessment, new product launches, investments, market share growth, etc.
The report provides a detailed Ansoff matrix analysis for the UK debt collection software market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to develop strategies for business growth. 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 associated with each approach.
The analyst analyzes the UK debt collection software market using the Ansoff matrix to identify the best approaches a company can take to improve its market position.
Based on the SWOT analysis of the industry and the industry players, the analyst has made appropriate strategies for the market growth
Main topics covered:
1 Report Description
2 research methodology
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1.1 Increasing demand for automation in the accounts receivable process
4.1.2 Rise of multichannel collection service
4.1.3 Increased need to reduce bad debts and maintain an accurate borrower profile
4.2.1 High maintenance and investment costs
4.3.1 Specialized Applications of AI/ML
4.3.2 Growing demand for commercial and personal debt collection services
4.3.3 Growth in the use of analytics-enabled collection models
4.4.1 Inadequacy of Legacy System
4.4.2 Lack of real-time collaboration between borrower and collection agency
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Effects of COVID-19
5.4 Ansoff matrix analysis
6 United Kingdom Debt Collection Software Market, by Component
7 United Kingdom Debt Collection Software Market, by Deployment Type
7.3 On the premises
8 United Kingdom Debt Collection Software Market, by Organization Type
8.2 Financial Institution
8.3 Collection Agencies
8.6 Telecommunications and Utilities
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 Cooperations
9.3.3 Product Developments and Enhancements
10 company profiles
Bertelsmann SE & Co.
Coface (Arch Capital Group Ltd)
Experian Information Solutions, Inc
Fico (Fair Isaac Corporation)
Fidelity National Information Services, Inc.
Intellect Design Arena LTD.
Nucleus Software Exports Ltd
For more information about this report, visit https://www.researchandmarkets.com/r/m7n0my
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