Global and United States Outsource Debt Collection Services Market Report & Forecast 2022-2028

Outsource Debt Collection Services is usually provided by a private DCA (Debt Collection Agency). Such package includes various collection methods and solutions for successful debt recovery. Debt collection service as a definition is used by a recovery agency in order to retrieve bad debts or delinquent amounts owed to DCA’s clients (creditors) by consumers (debtors). A debt collection service is used when the creditor has tried to recover defaults on their own (usually using their own internal debt collection department), but without success. Typically, creditors will then turn to a professional DCA, requesting a specialised debt collection service package. If the debt recovery operation procedure provided by the agency is successful, this will generate a positive cash flow in creditor’s finance system, which will lead to monetary profit for the lender. A debt collection agency offers not only a quality debt recovery services, but also to preserve the good name of creditor’s company. The debt collection service package is usually implemented for payment from the lender, but a DCA can choose to collect its interest from the debtor instead, as it depends fully on agency’s policy and T&C.
Market Analysis and Insights: Global and United States Outsource Debt Collection Services Market
This report focuses on global and United States Outsource Debt Collection Services market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Outsource Debt Collection Services market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Early Out Debt accounting for % of the Outsource Debt Collection Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Healthcare was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Outsource Debt Collection Services market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Outsource Debt Collection Services Scope and Market Size
Outsource Debt Collection Services market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Outsource Debt Collection Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Outsource Debt Collection Services market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Early Out Debt
Bad Debt
Segment by Application
Healthcare
Student Loans
Financial Services
Government
Retail
Telecom & Utility
Mortgage & Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Alorica
Encore Capital Group
PRA Group
Intrum
Cerved
EOS Group
Hoist Finance
B2Holding
Arrow Global
Lowell
KRUK Group
iQera
TCM Group
Axactor
Transworld Systems Inc (TSI)
GC Services
Bierens Debt Recovery Lawyers
Creditreform
Altus GTS Inc.
iQor
Link Financial
IC System
Arvato (Bertelsmann Group)
coeo Inkasso GmbH
Prestige Services Inc (PSI)
Atradius Collections
UNIVERSUM Group
Asta Funding
Weltman, Weinberg & Reis