PRN: Global Debt Collection Software Market Report 2017-2021

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Global Debt Collection Software Market Report 2017-2021

 
[19-September-2017]
 

DUBLIN, September 19, 2017 /PRNewswire/ --

The "Global Debt Collection Software Market 2017-2021" report has been added to Research and Markets' offering.

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The global debt collection software market to grow at a CAGR of 5.85% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global debt collection software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of debt collection software license, maintenance and support, installation, customization, and training. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Rise in demand for integrated debt collection software solutions. End-users prefer vendors that provide integrated software suites over different software as it may lead to integration issues. Integrated products and software suites from the same vendor integrate with each other seamlessly and support other functions or processes. As the increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are being adopted more rapidly. Witnessing this demand, all major vendors are providing software suites with features such as accounting, enterprise resource planning(ERP), CRM, payment system, credit collections management, as well as performance metrics and analytics.

According to the report, one of the major drivers for this market is vendors' pricing strategies. To be competitive in the market, vendors are adopting customer-centric pricing that entails advanced technology. To take advantage of this pricing model, most of the vendors in the debt collection software market are focused on providing value-based pricing propositions The pricing of software is based on differentiating features of the software solution and also the value-added features provided to customers.

Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance cost. The high cost of deploying on-premises debt collection software is one of the major challenges in the market for small law firms, accounts receivable management companies, and debt purchasers. The total cost of ownership of the debt collection software includes the cost of software licensing, system design and customization,! software licensing, training, maintenance, and implementation.

Key vendors

  • Chetu
  • Debtor Software Solutions
  • Experian Information Solutions
  • Fair Isaac
  • Totality Software

Other prominent vendors

  • Advantage Software Factory
  • A4dable Software
  • CollectPlus
  • Comtronic Systems
  • CyberCollect Software Solutions
  • DAKCS Software Systems
  • DebtCol Software
  • Debtpack
  • ezBackOffice
  • ezyCollect
  • ICOLLECT
  • Indigo Cloud
  • Lariat
  • MIMICS
  • OneStep Solutions
  • Quantrax
  • Radixweb
  • Scorto
  • SeikoSoft
  • Sentinel Development Solutions
  • STRATEGIC INFORMATION TECHNOLOGY
  • TrioSoft

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Economic Overview

Part 06: Market Landscape

Part 07: Five Forces Framework

Part 08: Market Segmentation By Deployment

Part 09: Geographical Segmentation

Part 10: Buying Criteria

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Key Vendor Profiles

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/cb7zgv/global_debt

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

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