Europe Debt Collection Software Market Worth $1,784 Million by 2025

The Europe debt collection software market was valued at $794 million in 2016, and is projected to reach at $1,784 million by 2025, growing at a CAGR of 9.6% from 2018 to 2025, according to recent statistics from Allied Market Research.

Rising need to control, manage, and automate all debt collection & recovery processes, need to reduce bad debt and improve the cash flow while optimizing collection costs, and rise in omni-channel collection efforts majorly contribute towards the growth of the market. However, high implementation and integration cost and difficulty to track and reconcile accounts hamper Europe debt collection software market growth.

Request Sample Copy of this Industry Insight@ https://www.alliedmarketresearch.com/request-sample/4738

Dominating Market Players Profiled in the Study:

•Concent AS
•Codix S.A.
•Advantage Software Factory
•EXUS
•Altitude Software Solutions
•QUALCO
•Atradius Collections
•Experian Information Solutions Inc.
•Scorto Inc.
•Aptic
•Ferber-Software GmbH
•Onguard
•TIETO
•BS Software GmbH

The Netherland is expected to grow at a highest CAGR during the forecast period, as 70% of wholesale and retail industry face intentional late payment in the Netherlands. Moreover, adoption of debt collection software has increased in these sectors, as they are well-protected against poor payment performance and use debt collection software as precautions.

Based on component, service segment dominated the market in 2016, and is expected to continue this trend during the forecast period. Also, the segment is expected to grow at the highest CAGR during the forecast period, owing to surge in demand for software-as-a-service model, owing to adoption of cloud based technologies to minimize the investments cost and increase the scalability.

Purchase Inquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/4738

Europe Debt Collection Software Market Key Segmentation:

By Component

•Software
•Services

By Deployment Type

•On-premise
•Cloud

By Country

•UK
•Italy
•Spain
•France
•Germany
•Netherland
•Denmark
•Sweden
•Poland
•Finland
•Norway
•Iceland
•Rest of Europe

On the basis of deployment type, the Europe debt collection software market was led by on-premise in 2016, owing to better maintenance of servers and continuous system security checks facilitate the implementation of on-premise security solutions. However, the Cloud based debt collection software is expected to witness the highest growth, owing to its increasing adoption among large enterprises and SMEs to reduce infrastructure investment.

Request Customization@ https://www.alliedmarketresearch.com/request-for-customization/4738

Key Findings of the Europe Debt Collection Software Market:

•By component, service segment is expected to exhibit significant growth in the Europe debt collection software market during the forecast period.

•In 2016, the UK accounted for the highest revenue among the other countries.

•Based on deployment type, the on-premise segment generated the highest revenue in 2016.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.