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