DUBLIN, September 19, 2017 /PRNewswire/ --
The "Global Debt Collection Software Market 2017-2021" report has been added to Research and Markets' offering.
The global debt collection software market to grow at a CAGR of 5.85% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global debt collection software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of debt collection software license, maintenance and support, installation, customization, and training. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Rise in demand for integrated debt collection software solutions. End-users prefer vendors that provide integrated software suites over different software as it may lead to integration issues. Integrated products and software suites from the same vendor integrate with each other seamlessly and support other functions or processes. As the increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are being adopted more rapidly. Witnessing this demand, all major vendors are providing software suites with features such as accouning, enterprise resource planning(ERP), CRM, payment system, credit collections management, as well as performance metrics and analytics.
According to the report, one of the major drivers for this market is vendors' pricing strategies. To be competitive in the market, vendors are adopting customer-centric pricing that entails advanced technology. To take advantage of this pricing model, most of the vendors in the debt collection software market are focused on providing value-based pricing propositions The pricing of software is based on differentiating features of the software solution and also the value-added features provided to customers. Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance cost. The high cost of deploying on-premises debt collection software is one of the major challenges in the market for small law firms, accounts receivable management companies, and debt purchasers. The total cost of ownership of the debt collection software includes the cost of software licensing, system design and customization, software licensing, training, maintenance, and implementation.Key vendors
Other prominent vendors
Key Topics Covered: Part 01: Executive SummaryPart 02: Scope Of The ReportPart 03: Research MethodologyPart 04: IntroductionPart 05: Economic OverviewPart 06: Market LandscapePart 07: Five Forces FrameworkPart 08: Market Segmentation By DeploymentPart 09: Geographical SegmentationPart 10: Buying CriteriaPart 11: Decision FrameworkPart 12: Drivers And ChallengesPart 13: Market TrendsPart 14: Vendor LandscapePart 15: Key Vendor ProfilesPart 16: AppendixFor more information about this report visit https://www.researchandmarkets.com/research/cb7zgv/global_debt
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