Collection Agency Services Market

Collection Agency Services is usually provided by a private DCA (Debt Collection Agency). Such package includes various collection methods and solutions for successful debt recovery. Debt collection service as a definition is used by a recovery agency in order to retrieve bad debts or delinquent amounts owed to DCA?s clients (creditors) by consumers (debtors). A debt collection service is used when the creditor has tried to recover defaults on their own (usually using their own internal debt collection department), but without success. Typically, creditors will then turn to a professional DCA, requesting a specialised debt collection service package. If the debt recovery operation procedure provided by the agency is successful, this will generate a positive cash flow in creditor?s finance system, which will lead to monetary profit for the lender. A debt collection agency offers not only a quality debt recovery services, but also to preserve the good name of creditor?s company. The debt collection service package is usually implemented for payment from the lender, but a DCA can choose to collect its interest from the debtor instead, as it depends fully on agency?s policy and T&C.
Collection Agency Services Market contains market size and forecasts of Collection Agency Services in Global, including the following market information:
Global Collection Agency Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Collection Agency Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Early Out Debt Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Collection Agency Services include Alorica, Encore Capital Group, PRA Group, Intrum, Cerved, EOS Group, Hoist Finance, B2Holding and Arrow Global, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Collection Agency Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Collection Agency Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Collection Agency Services Market Segment Percentages, by Type, 2021 (%)
Early Out Debt
Bad Debt
Global Collection Agency Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Collection Agency Services Market Segment Percentages, by Application, 2021 (%)
Healthcare
Student Loans
Financial Services
Government
Retail
Telecom & Utility
Mortgage & Others
Global Collection Agency Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Collection Agency Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Collection Agency Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Collection Agency Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Alorica
Encore Capital Group
PRA Group
Intrum
Cerved
EOS Group
Hoist Finance
B2Holding
Arrow Global
Lowell
KRUK Group
iQera
TCM Group
Axactor
Transworld Systems Inc (TSI)
GC Services
Bierens Debt Recovery Lawyers
Creditreform
Altus GTS Inc.
iQor
Link Financial
IC System
Arvato (Bertelsmann Group)
coeo Inkasso GmbH
Prestige Services Inc (PSI)
Atradius Collections
UNIVERSUM Group
Asta Funding
Weltman, Weinberg & Reis