Europe: Debt Collection Software Market Professional Survey Report 2025 Profiling key Players like Concent AS, Codix S.A., Advantage Software Factory, EXUS, Altitude Software Solutions, QUALCO, Atradius Collections, Experian Information Solutions, Scorto,

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.

The debt collection software is a user-friendly solution for automating debt management processes. This software segments debtors according to their level of insolvency to differentiate collection processes and improvise recovery rates. It facilitates users with productive features such as compliance management, contact management, credit bureau reporting, automated notices, in-house collections, payment plans, transaction management, and others.

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Factors such as an increase in need to control, manage, and automate all debt collection and recovery processes, rise in need to reduce bad debt and improve the cash flow while optimizing collection costs, and surge in demand for omni-channel collection efforts propels Europe debt collection software market growth. Moreover, the need for solutions, which provide wide range of functionality and flexibility related to debt recoveries with a short implementation time and more effective prioritization of debts to be collected drives the growth of this market. However, difficulty in implementation & integration of debt collection software and difficulty in tracking & reconciling the accounts system impede the market growth. On the contrary, increased demand for mobile applications and introduction of analytics in debt collection software are expected to create lucrative opportunities for the global debt collection software market.

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.

Some of the key market players profiled in the report include 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, and BS Software GmbH."

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 the software-as-a-service model, owing to adoption of cloud-based technologies to minimize the investment's cost and increase the scalability

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.

Key Findings of the Europe Debt Collection Software Market:
• By component, the 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 the deployment type, the on-premise segment generated the highest revenue in 2016.

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