Debt Collection Services Market

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.
Debt Collection Services Market contains market size and forecasts of Debt Collection Services in Global, including the following market information:
Global Debt Collection Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Debt Collection Services market was valued at 31060 million in 2021 and is projected to reach US$ 37140 million by 2028, at a CAGR of 2.6% 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 Debt Collection Services include Experian, FIS, CGI, Transunion, CollectOne (CDS Software), Comtronic Systems, Quantrax Corp, CollectPlus (ICCO) and Comtech Systems, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Debt Collection 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 Debt Collection Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Debt Collection Services Market Segment Percentages, by Type, 2021 (%)
Early Out Debt
Bad Debt
Global Debt Collection Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Debt Collection Services Market Segment Percentages, by Application, 2021 (%)
Healthcare
Student Loans
Financial Services
Government
Retail
Telecom & Utility
Mortgage & Others
Global Debt Collection Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Debt Collection 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 Debt Collection Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Debt Collection Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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