At 26% CAGR Micro Mobile Data Center Market Will Expand $8.5 Billion by 2022 From 2017

According to a research report “Micro Mobile Data Center Market by Application (Instant DC and Retrofit, High-Density Networks, Remote Office, Mobile Computing), Rack Unit (Up To 25 RU, 25–40 RU, above 40 RU), Organization Size, Industry, and Region – Global Forecast to 2022″, published by MarketsandMarkets, MarketsandMarkets expects the micro mobile data center market size to grow from USD 2.7 billion in 2017 to USD 8.5 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.

The growing demand for secure data center infrastructures has fueled the high adoption of micro mobile data center solutions. Micro mobile data center solutions can be easily deployed at the network edge to reduce latency. This has further fueled the demand for these solutions among data center users.

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The instant DC and retrofit application to have the largest market size during the forecast period

Among applications, the instant DC and retrofit segment is expected to have the largest market size during the forecast period. Data center retrofits are cost-effective alternatives that typically cost between 25% and 40% of the total cost required for building new data centers. These retrofits help expand data center capacity as and when required at a minimal cost. These benefits of retrofits are expected to fuel the growth of the micro mobile data center market during the forecast period.

The 25–40 RU segment to grow at the highest CAGR during the forecast period

Among rack units, the 25–40 RU segment is expected to witness the highest CAGR during the forecast period. Micro mobile data center benefits, such as portability and ease of use, have contributed to the growth of this segment. Moreover, micro mobile data center solutions are being adopted increasingly due to their remote monitoring and management capabilities.

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North America to dominate the micro mobile data center market in terms of market size during the forecast period

North America is expected to have the largest market size during the forecast period, owing to the increasing number of companies in the region deploying micro mobile data centers to expand the capacity of their pre-existing data center infrastructure. The region has the highest number of cloud service providers and a large number of pre-existing data center facilities. This is expected to increase investments in the technological development of existing infrastructure, thereby contributing to the growth in the deployment of micro mobile data centers in the region.

Some of the major technology vendors in the micro mobile data center market include Schneider Electric (France), Huawei (China), HPE (US), Eaton (Ireland), Panduit (US), Zellabox (Australia), Hitachi (Japan), Vertiv (US), IBM (US), and Rittal (Germany).

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At CAGR of 84.5% Blockchain Government Market amplify $3,458.8 Million Forecast to 2023

According to new market research report  “Blockchain Government Market by Provider (Application Providers, Middleware Providers, and Infrastructure Providers), Application (Asset Registry, Identity Management, Payments, Smart Contracts, Voting, and Others), and Region – Global Forecast to 2023″, The blockchain government market is expected to grow from USD 162.0 Million in 2018 to USD 3,458.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period.

The major factors driving the blockchain government market include need to provide protection against data tampering, upswing in the usage of blockchain technology to create transparent and decentralized government, and increase in efficiency and speed in public sector transactions.

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The application providers segment is expected to grow at the highest CAGR in the global blockchain government market during the forecast period

The blockchain government market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure provider. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, application providers is the fastest growing segment in the overall blockchain government market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in government agencies thereby fueling the overall market growth.

North America is expected to hold the largest market size in the blockchain government market during the forecast period

North America is estimated to account for the largest share of the overall market in 2018. The region is considered as the most advanced in technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the blockchain government market. Governments in this region are moving toward the adoption of the blockchain technology. US governments have recognized the blockchain technology’s potential for the delivery of public services, and started adopting this technology to develop business applications. Moreover, the Canada Federal government is exploring the blockchain technology to boost the innovation economy.

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The smart contracts segment is estimated to hold the largest market size in the blockchain government market in 2018

The smart contracts segment is expected to dominate the blockchain government market in terms of its contribution to the overall market shares, as government agencies are deploying blockchain-based smart contracts to reduce the costs of verification, execution, arbitration, and fraud prevention. The blockchain technology overcomes the existing limitations of smart contracts in terms of privacy, scalability, auditability, confidentiality, and performance.

Major blockchain technology vendors include IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Infosys (India),  Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), Factom (US), BTL (Canada), SpinSys (US), OTC Exchange Network (US), ModulTrade (UK), Blocko (South Korea), Symbiont (US), brainbot technologies (Germany), Guardtime (Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel (US), Accenture (Ireland), and Blockchain Foundary (Singapore).

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Blockchain Supply Chain Market Trends, Opportunities, Forecast, Scope, Analysis by 2023

According to new market research report on “Blockchain Supply Chain Market by Application (Payment & Settlement, Counterfeit Detection, Smart Contracts, Risk & Compliance Management, and Product Traceability), Provider, Vertical, and Region – Global Forecast to 2023″, The blockchain supply chain market size is expected to grow from USD 145.0 million in 2018 to USD 3,314.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 87.0% during the forecast period.

 An increasing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are expected to drive the market during the forecast period.

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The smart contract application segment is projected to grow at the highest CAGR during the forecast period

Blockchain is finding increased application to automate contract execution in the supply chain management, eliminating the need for intermediaries. This has facilitated manufacturers, suppliers, and customers to build a trusted relationship and streamline complex supply chain operations. The application of smart contract is expected surge with the availability of enterprise-ready solutions to overcome the existing limitations of contracts in terms of privacy, scalability, auditability, confidentiality, and performance.

The application and solution providers segment is expected to grow at the highest CAGR in the global blockchain supply chain market during the forecast period

By provider, the blockchain supply chain market is segmented into application and solutions providers, middleware providers, and infrastructure and protocols providers. These providers offer infrastructure to develop the blockchain-based platforms. Among these, application and solutions providers segment is expected to witness the fastest growth owing to the introduction of technologically advanced blockchain solutions for streamlining the supply chain management practices.

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North America is expected to hold the largest market size in the supply chain blockchain market during the forecast period

North America is expected to hold the largest market size in 2018. The region is considered the most advanced in terms of technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the blockchain supply chain market. The companies from various verticals, such as retail and consumer goods, manufacturing, healthcare and logistics, are major customers to the vendors in the market. APAC, on the other hand, is expected to record growth at the highest CAGR during the forecast period with ongoing developments in the major APAC countries, such as China, India, Singapore, and Japan.

The major blockchain technology vendors include IBM (US), Microsoft (US), Oracle (US), SAP SE (Germany), AWS (US), Huawei (China), Bitfury (Netherlands), Auxesis Group (India), TIBCO Software (US), BTL Group (Canada), Applied Blockchain (UK), Guardtime (Estonia), Nodalblock (Spain), Peer Ledger (Canada), Blockverify (UK), TransChain (France), RecordsKeeper (Spain), Datex Corporation (US), Ownest (France), Omnichain (US), Traceparency (France), Digital Treasury Corporation (China), Chainvine (UK), VeChain (China), Algorythmix (India), and OpenXcell (US).

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Neural Network Software Market Research Report Forecast to 2021 | MarketsandMarkets

According to new market research report  “Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical, and Region – Global Forecast to 2021″, The global neural network software market to expand from USD 7.17 Billion in 2016 to USD 22.55 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.2%.

The neural network software market is growing rapidly owing to the increasing need for data archiving tools in order to organize the data generated from varied end use sectors.

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North America is expected to be the most lucrative market in 2016

The studies observe encompasses regional market analysis for North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America at the side of some of the principal nations within the specific areas. North America is expected to maintain the biggest share of the neural network software market in 2016, observed by Europe.

The rapid tendencies in infrastructure and higher adoption of digital technologies are the two foremost drivers that boom the demand for the neural network software market. Furthermore, the U.S.Is the maximum technologically advanced place with the presence of different enterprise verticals such as BFSI, healthcare, retail & eCommerce, strength & utilities, and plenty of others.

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BFSI sector is expected to hold the largest market share

The neural network software cease customers are segmented into BFSI, government & defense, electricity & utilities, media, healthcare, commercial manufacturing, retail & eCommerce, transportation & logistics, telecom & IT, and others. The BFSI sector holds the big scale software areas for neural network generation, which consist of inventory market analysis, foreign exchange perdition, and other such sports, thereby maintaining the most important market share amongst other end-use verticals studied for the marketplace analysis.

Analytical tool is expected to dominate the neural network software market in terms of software type

The studies study for global neural network software market encompasses the evaluation of the market on the premise of software program sorts, that’s in addition segmented into data mining and archiving, analytical software, visualization software, and optimization software. The deployment of analytical software program is particularly driven by means of the growing call for for information predictive solutions across various stop-use sectors specifically in Banking, Financial Services, and Insurance (BFSI), healthcare, energy & utilities, and media.

The prominent players in the artificial neural network ecosystem are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.). The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Küsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.).

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Global IoT Device Management Market Analysis, Trends, Research Methodology, Key Insights by 2022

According to the new market research report on “IoT Device Management Market by Solution (Real-Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring, Network Bandwidth Management), Service, Application Area, Deployment Model, and Organization Size – Global Forecast to 2022″, Internet of Things (IoT) Device Management Market – Global Forecast to 2022, the market is expected to grow from USD 693.4 Million in 2017 to USD 2,559.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.8%.

This report covers major IoT device management courses of action, for instance, data management, steady spilling examination, security game plan, remote checking, and framework information transmission management, nearby the market floats some place in the scope of 2017 and 2022. The creating augmentation of related devices and happening to savvy sensors are driving the advancement of the overall IoT device management feature. The essential prerequisite for joined device management organize is moreover an imperative driving variable for IoT device management Market.

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Brilliant assembling is relied upon to command in the application territories amid the conjecture time frame

IoT accept a key employment inside the amassing utility with the assistance of recognizing confirmation development. With the relationship of contraptions or things with Information Technology (IT) or IoT, either through introduced shrewd devices or by using definite identifiers and convictions providers that can converse with a brilliant helping framework structure and information systems, age strategies can be improved and the entire lifecycle of things from collecting to dumping may be checked. By naming things and compartments, a more straightforwardness can be jumped on the unmistakable quality of the shop ground, the spot and demeanor of substances, and the reputation of amassing machines.

North America is relied upon to hold the biggest market share in the IoT device management market

Likewise with respect to the geographic appraisal, North America is the most basic spot in the IoT device management market. Countries, together with the US and Canada are the most basic shoot drivers of the spot. The strong cash related limit of North America empowers those worldwide zones to place eagerly in key IoT-engaged devices and answers/organizations.

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Data management is relied upon to hold the biggest market share in the IoT device management market

Data Management is a champion among the most fundamental necessities of a business undertaking this is sending IoT age. The associated devices, together with sensors, names, and actuators, make and transmit tremendous measures of information reliably. The conventional information control systems are missing to store, take a gander at, and recuperate this record. Thusly, substances management for IoT is getting a huge balance and is predicted to secure the greatest marketplace degree for the term of the figure

The major vendors covered in the IoT device management market include Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), PTC Inc. (US), ARM Ltd. (UK), Aeris (US), Smith Micro Software (US), Tibbo Systems (Taiwan), DevicePilot (UK), Xively (US), Zentri (US), Cumulocity GmBH (Germany), Proximetry (US), Einfochips (US), Wind River Systems Inc. (US), and Capricode (Finland).

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Global Cloud Testing Market Trends, Size, Share, Opportunities, Scope, Analysis by 2022

According to market research report “Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region – Global Forecast to 2022″, The cloud testing market is expected to grow from USD 5.55 Billion in 2017 to USD 10.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period.

The increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms are some of the major factors expected to drive the growth of the cloud testing market.

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The functional testing tools segment is expected to have the largest market size during the forecast period.

Functional testing, being a staple of Quality Assurance (QA) management, ensures the Application Under Test (AUT) complies with the business requirements. Cloud-based functional testing tools offer several advantages, such as quick setup and tool deployment, high productivity, and shorter test cycles. They enable the test teams to test applications from anywhere in the world, thereby improving the collaboration between disparate team members.

The retail and eCommerce vertical is expected to have the largest market size during the forecast period.

The retail and eCommerce vertical include online retailers who leverage the cloud technology to provide their offerings to their customers. The increasing competition among eCommerce giants is acting as a threat to the brick-and-mortar stores, with a rising number of online retailers operating through web and mobile apps. Thus, customer service and satisfaction are of foremost importance to these retailers which can be achieved through continuous delivery and uninterrupted functioning of the digital offerings. Cloud testing tools and services offer on-demand services to these retailers to load test their applications that are accessed by multiple users per second. This eases the load testing of the applications and scales up the tests whenever required, thereby facilitating continuous delivery.

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The rapid adoption of the cloud technology, due to the scalability and flexibility offered by the cloud environment is expected to make North America the largest market, in terms of the global share.

North America consists of developed economies, such as the United States (US) and Canada. In this region, cloud-based applications are gaining traction among the QA and test teams. The region’s strong financial position also enables it to invest heavily in advanced testing tools and technologies. These advantages have provided North American organizations a competitive edge in the market. Moreover, the region has the presence of several major cloud testing vendors. Therefore, there is strong competition among the players. The number of enterprises adopting cloud testing solutions and services is quite high in North America as compared to the other regions.

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the cloud testing market.

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Global Vehicle Analytics Market Industry Trends, Market Overview, Scope, Opportunities by 2022

According to new market research report on “Vehicle Analytics Market by Application (Safety and Security Management, Traffic Management, Usage-Based Insurance), Component, and End-User (OEMs, Service Providers, Automotive Dealers, Fleet Owners, Regulatory Bodies, and Insurers) – Global Forecast to 2022″, The vehicle analytics market is expected to grow from USD 1124.1 Million in 2017 to USD 3637.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.5%.  

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The major driving factor for this market remains advancements in technologies, such as machine learning, Artificial Intelligence (AI), and predictive maintenance to enhance fleet management and increasing use of real-time data collected from sensors, and Global Positioning System (GPS) tracking devices. Automotive players leveraging vehicle analytics to enhance customer experience and unprecedented advancements towards autonomous vehicles are the key opportunities that would fuel the growth of vehicle analytics market.

The traffic management application is expected to grow at the highest CAGR during the forecast period

With the connected traffic management systems offering digital road map of the city, this application is expected to be adopted significantly. Robust navigation systems would not only be helpful to the drivers in identifying the fastest route but would also help them to distinguish the most fuel-efficient route. Cab aggregators such as Uber and Ola are expected to leverage more of this application.

Moreover, with the increasing adoption of smart cities, real-time mobility is expected to gain a substantial adoption. Real-time analytics of data captured from sensors of other cars would be used in smart parking and other similar areas.

The on-demand deployment model is expected to grow at the highest CAGR during the forecast period

The on-demand deployment model makes use of the cloud to deliver solutions to the clients. Scalability and agility of cloud-based technologies are increasing the adoption of cloud-based vehicle analytics solutions. In the cloud deployment model, organizations do not have to deal with the complexities involved in integration, installation, configuration, optimization, maintenance, and support, as these are in most cases managed or hosted by a third-party service provider.

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North America is expected to dominate the vehicle analytics market during the forecast period

The vehicle analytics market is segmented based on regions including North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America has always been a frontrunner in adopting new paradigms related to innovative technologies and disruptive practices. The reason behind the early adopters is due to well-established and financially intensive economies and moreover the chief presence of mostly all the biggest conglomerates of the world such as IBM, Microsoft, SAP, and SAS Institute. Technology companies such as Google, Apple, and AT&T have all contributed to the growing US market. AT&T, the telecommunications giant, has contributed a fair share in the connected car ecosystem in the region. The company added a whopping 2.7 million connected cars in the first three-quarters of 2015. The region propelled by the Electronic Logging Device (ELD) mandate, CSA Compliance, Safety, and Accountability (CSA), and Hours of Service Solution (HOS) revisions would be the key drivers for the massive adoption of vehicle analytics software and services in the region.

Major vendors in this market include Acerta Analytics Solutions (Canada), Agnik LLC (US), Amodo (Croatia), Automotive Rentals (ARI) (US), Azuga (US), C-4 Analytics, LLC (US), CloudMade (UK), Digital Recognition Network (US), EngineCAL (India), Genetec Inc.(Canada), HARMAN International (US), IBM (US), Inquiron (Dubai), INRIX (US), Inseego Corp. (US), Intelligent Mechatronic Systems (Canada), Microsoft (US), Noregon (US), Pivotal Software, Inc. (US), Plotly (Canada), Procon Analytics (US), SAP (Germany), Teletrac Navman (US), WEX Inc. (US), and Xevo Inc. (US).

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Data Resiliency Market Research Report: Industrial Analysis, Trends, Opportunities by 2023

According to new market research report “Data Resiliency Market by Component (Solutions (Data Backup & Recovery, Data Archiving & E-Discovery, Disaster Recovery), Services (Professional Services & Managed Services)), Deployment, Organization Size, Vertical, and Region – Global Forecast to 2023″, The global data resiliency market is expected to grow from USD 11.69 Billion in 2018 to USD 27.63 Billion by 2023, at a CAGR of 18.8% from 2018 to 2023.

The growth of the data resiliency market is primarily driven by the increasing data privacy concerns and need to ensure data security, growing adoption of cloud-based data backup and recovery solutions, and increasing data generation from various sources.

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Based on deployment, the cloud segment of the data resiliency market is projected to grow at a higher CAGR than the on-premises segment during the forecast period.

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Based on deployment, the cloud segment of the data resiliency market is projected to grow at a higher CAGR than on-premises segment during the forecast period. Cloud data resiliency solutions are cost-effective. They are capable of storing larger volumes of data than on-premises solutions. Moreover, cloud solutions offer reduced downtime in case of any failure and help easily locate the data. Cloud solutions also offer increased scalability as they allow an easy increase in the data storage limit. Majority of the small & medium enterprises are adopting cloud solutions as they help them in avoiding the costs related to hardware, software, storage, and technical staff.

Based on organization size, the small & medium enterprises segment of the data resiliency market is projected to grow at a higher CAGR than the large enterprises segment from 2018 to 2023.

Based on organization size, the small & medium enterprises segment of the data resiliency market is expected to witness higher growth than the large enterprises segment during the forecast period. Cost-effectiveness is important for Small & Medium Enterprises (SMEs) as they have limited budgets. Hence, these enterprises face greater resource crunch than large enterprises and as such, require improved methods to resolve complexities to ensure effective cost optimization of their business processes. The implementation of cloud-based data resiliency solutions is expected to result in increased revenues, desired business outcomes, and improved business efficiency for SMEs.

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The North American region is expected to lead the data resiliency market in 2018.

The North American region is expected to lead the data resiliency market in 2018. The growth of the North America data resiliency market can be attributed to the presence of various key players such as IBM (US), Commvault Systems, Inc. (US), Microsoft (US), and VMware (US) in the region. Moreover, increased investments by various leading market players in R&D activities also contribute to the increased demand for data resiliency solutions in the North American region.

Some of the major vendors of data resiliency solutions are Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US), and VMware (US).

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Digital Intelligence Platform Market will expected to grow $13.96 Billion by 2022

According to new market research report “Digital Intelligence Platform Market by Component (Analytics, Data Management, and Engagement Optimization), Touchpoint (Company Website, Social Media), Organization Size, Vertical (BFSI, Retail & E-Commerce), and Region – Global Forecast to 2022″, The digital intelligence platform market is projected to grow from USD 5.65 Billion in 2017 to USD 13.96 Billion by 2022, at a CAGR of 19.8% from 2017 to 2022.

The market is primarily driven by the adoption of digital intelligence platforms for competitive differentiation and increasing customer retention activity, rising focus on social media analytics and personalization, and need for optimizing digital experiences across all touchpoints.

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Based on component, the data management segment of the digital intelligence platform market is expected to grow at the highest CAGR during the forecast period.

Based on component, the digital intelligence platform market has been segmented into data management, analytics, and engagement optimization. The data management segment is expected to witness the highest growth during the forecast period, as data management tools are responsible for collecting, storing, standardizing, modeling, and managing digital data of customers in an enterprise.

Based on vertical, the retail & e-commerce segment of the digital intelligence platform market is expected to grow at the highest CAGR during the forecast period.

Based on vertical, the retail & e-commerce segment of the digital intelligence platform market is projected to grow at the highest rate in the coming years. Retailers are using new technologies such as the voice of the customer, behavioral targeting, and others to identify the holistic behavior of customers.

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North America is estimated to lead the digital intelligence platform market in 2017.

North America is estimated to lead the digital intelligence platform market in 2017. The region is an early adopter of digital technologies and has advanced infrastructure capabilities, which have led to the adoption of digital intelligence platforms. Furthermore, companies have implemented these platforms to improve their business processes, understand the customer behavior, and sustain their position in the market.

The report encompasses competitive landscape, which presents the positioning of 11 key vendors of digital intelligence platforms based on their product offerings and business strategies. Some of the major digital intelligence platform vendors include Adobe Systems (US), IBM (US), SAS Institute (US), Evergage (US), Google (US), Mixpanel (US), Optimizely (US), Webtrekk (Germany), New Relic (US), Localytics (US), and Cxense (Norway).

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Global Debt Collection Software Market Size, Scope, Statistics, Opportunities, Challenges by 2023

According to new market research report on “Debt Collection Software Market by Component (Software and Services), End-User (Banks, Collection Agencies, Finance Companies, Healthcare), Organization Size (Large Enterprises and SMEs), Deployment Type, and Region – Global Forecast to 2023″, The debt collection software market size is expected to grow from USD 2.64 billion in 2018 to USD 3.73 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.

The growing need to provide customer-centric debt collection solutions, rising consumer requirements for self-service models for the collection process, and increasing specialized debt collection agencies across the globe are expected to drive the global debt collection software market during the forecast period.

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The software segment is expected to account for the larger market size during the forecast period.

The software segment is expected to hold the larger market share during the forecast period in the global debt collection software market. Over the recent years, increasing debt volumes and complexities have created difficulties for organizations to effectively manage and recover the delinquent debts. The growth in unrecovered debts and inefficient debt management process has fueled the adoption of debt collection software by organizations across the globe. Debt collection software empower enterprises by managing and collecting their bad debts while reducing their debt recovery period and optimizing their debt management and recovery process.

The large enterprises segment is expected to account for the larger market share during the forecast period.

Organizations with more than 1,000 employees have been categorized as large enterprises. The use of the debt collection in large enterprises is relatively higher as compared to that of Small and Medium-sized Enterprises (SMEs). This higher use is due to the affordability and high economies of scale, which enables large organizations to benefit from the debt collection. Large enterprises have left no stone unturned to compete in today’s cut-throat competitive industry. Moreover, the need for a multichannel communication to reach debtors and improve the collection process would drive the growth of the debt collection software.

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North America is expected to account for the largest market size during the forecast period.

North America is expected to be the largest contributor to the debt collection software market in terms of regional revenue. This region comprises developed countries, such as the US and Canada. North America is open to the adoption of new and emerging technologies, and its strong financial position enables it to invest majorly in the leading tools and technologies for effective business operations. North America is projected to be in the leading position over the next few years, due to the early adoption of digital technologies and cloud-based platforms to take hold of the increasing bad debts rate. Hence, organizations in North America have a competitive edge over the other organizations from various regions.

Major vendors that offer debt collection software across the globe include FICO (US), Pegasystems (US), Temenos (Switzerland), Experian (Ireland), Chetu (US), FIS (US), EXUS (UK), Sopra Banking (France), Quantrax Corporation (US), Indus Software (India), Pamar Systems (US), Intellect Design (India), Kuhlekt (Australia), Adtec Software (UK), Katabat (US), Advantage Software Factory (Romania), Totality Software (US), CSS Impact (US), Nucleus Software (India), COFACE (France), Arvato (Germany), Ameyo (India), AgreeYa Solutions (US), SeikoSoft (US), and Debtrak (UK).

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