Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Debt Collection Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Debt Collection Services. This report contains market size and forecasts of Debt Collection Services in global, including the following market information:
Global Debt Collection Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Debt Collection Services market was valued at US$ 31060 million in 2022 and is projected to reach US$ 37140 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Debt Collection Services are mainly classified into the following types: Early Out Debt and Bad Debt. Bad Debt is the most widely used type which takes up about 69%.
Debt Collection Services have wide range of applications, such as Healthcare, Student Loans, Financial Services, Government, Retail, Telecom & Utility, Mortgage & Others. And Healthcare was the most widely used area which took up about 30%. Follow by Financial Services, which took up 20% market share.
Encore Capital Group, EOS Group, PRA Group, Intrum, Transworld Systems Inc (TSI) are the key players in the global Debt Collection Services market. Top 5 took up nearly 18% of the global market. Those suppliers, with leading services and market position, are well-known players around the world.
North America is the largest region of Debt Collection Services in the world in the past few years and its share will be slightly decreasing in the next few years. Europe market took up about 28% the global market.
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, 2018-2023, 2024-2029 ($ millions)
Global Debt Collection Services Market Segment Percentages, by Type, 2022 (%)
Early Out Debt
Bad Debt
Global Debt Collection Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Debt Collection Services Market Segment Percentages, by Application, 2022 (%)
Healthcare
Student Loans
Financial Services
Government
Retail
Telecom & Utility
Mortgage & Others
Global Debt Collection Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Debt Collection Services Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (estimated), ($ millions)
Key companies Debt Collection Services revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Debt Collection Services, market overview.
Chapter 2: Global Debt Collection Services market size in revenue.
Chapter 3: Detailed analysis of Debt Collection Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Debt Collection Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
