Insolvency Software Market By Component (Solution, Services) , By Enterprise Size (Large Enterprises, Small & Medium-Sized Enterprises) By Application (Document Management, Financial Transaction Management, Reporting, Compliance, Creditor Management)) By Industry Vertical (IT & Telecommunication, Government, BFSI, Manufacturing, Energy and Utilities, Retail, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

August 2024 | 200 pages | ID: IB23C23F24E3EN
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Insolvency Software Market

The insolvency software market was valued at $1.6 billion in 2023 and is projected to reach $4.5 billion by 2032, growing at a CAGR of 11.9% from 2024 to 2032.

Insolvency software is a tool that keeps a track record of repayments and schedules the payment to creditors, thereby assisting organizations in the regulation of liquidation, bankruptcy, and restructuring processes. Automation is a key feature of the software as it prevents the hassle of contacting multiple clients and monitors the incoming & outgoing payments effectively. Other important attributes of insolvency software include creditor management, communication tools, and ability to be integrated with other financial systems.

Increase in the prevalence of bankruptcies due to periodic economic fluctuations is boosting the demand for insolvency software, which drives the market growth significantly. In addition, effective data management capabilities and facilitation of communication between stakeholders & clients augment the development of the insolvency software market. Moreover, the integration of AI algorithms into software is currently trending in the market. AI capabilities enable the software to study large volumes of stored data and predict potential insolvency threats, allowing organizations to take preemptive measures.

However, complexities associated with the installation and maintenance of insolvency software hamper the development of the market. Furthermore, concerns pertaining to data security and unauthorized access deter several organizations from investing in the software, thereby restraining the market growth. On the contrary, a consistent rise in insolvency cases owing to inflation and elevated policy rates is poised to present lucrative opportunities for the market. According to the 2024 Global Bankruptcy Report by Dun & Bradstreet Worldwide Network—a global business information provider—global bankruptcies witnessed a surge of 12.5% in 2023, rising from 11.6% in 2022. This exponential growth is projected to necessitate the adoption of ingenious insolvency software, opening new avenues for the market.

Segment Review

The insolvency software market is segmented into component, enterprise size, application, industry vertical, and region. On the basis of component, the market is bifurcated into solution and services. Depending on enterprise size, it is divided into large enterprises and small- & medium-sized enterprises. Depending on application, it is classified into document management, financial transaction management, reporting, compliance, and creditor management. As per industry vertical, it is categorized into IT & telecommunication, government, BFSI, manufacturing, energy & utilities, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of component, the services segment held a high share of the market in 2023.

Depending on enterprise size, the large enterprises segment acquired a high stake in the market in 2023.

Depending on application, the document management segment dominated the market share in 2023.

As per industry vertical, the BFSI segment accounted for a high market share in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The major players of the global insolvency software market include Clio, Abacus Data Systems, Inc., Altisource, Aryza, Stretto, Epiq, Kroll Associates, Inc., Turnkey IPS, QwikFile, and Fastcase. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
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  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • End user preferences and pain points
  • Industry life cycle assessment, by region
  • Product Benchmarking / Product specification and applications
  • Product Life Cycles
  • Scenario Analysis & Growth Trend Comparison
  • Technology Trend Analysis
  • Go To Market Strategy
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
  • Strategic Recommendations
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Brands Share Analysis
  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • SWOT Analysis
Key Market Segments

By Component
  • Solution
  • Services
By Enterprise Size
  • Large Enterprises
  • Small Medium-Sized Enterprises
By Application
  • Document Management
  • Financial Transaction Management
  • Reporting
  • Compliance
  • Creditor Management)
By Industry Vertical
  • IT Telecommunication
  • Government
  • BFSI
  • Manufacturing
  • Energy and Utilities
  • Retail
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Clio
  • Abacus Data Systems, Inc.
  • Altisource
  • Aryza
  • Stretto
  • Epiq
  • Kroll Associates, Inc.
  • Turnkey IPS
  • QwikFile
  • Fastcase
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: INSOLVENCY SOFTWARE MARKET, BY COMPONENT

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Component
4.2. Solution
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Services
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: INSOLVENCY SOFTWARE MARKET, BY ENTERPRISE SIZE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Enterprise Size
5.2. Large Enterprises
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Small Medium-Sized Enterprises
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: INSOLVENCY SOFTWARE MARKET, BY APPLICATION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Application
6.2. Document Management
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Financial Transaction Management
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Reporting
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Compliance
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country
6.6. Creditor Management)
  6.6.1. Key Market Trends, Growth Factors and Opportunities
  6.6.2. Market Size and Forecast, By Region
  6.6.3. Market Share Analysis, By Country

CHAPTER 7: INSOLVENCY SOFTWARE MARKET, BY INDUSTRY VERTICAL

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Industry Vertical
7.2. IT Telecommunication
  7.2.1. Key Market Trends, Growth Factors and Opportunities
  7.2.2. Market Size and Forecast, By Region
  7.2.3. Market Share Analysis, By Country
7.3. Government
  7.3.1. Key Market Trends, Growth Factors and Opportunities
  7.3.2. Market Size and Forecast, By Region
  7.3.3. Market Share Analysis, By Country
7.4. BFSI
  7.4.1. Key Market Trends, Growth Factors and Opportunities
  7.4.2. Market Size and Forecast, By Region
  7.4.3. Market Share Analysis, By Country
7.5. Manufacturing
  7.5.1. Key Market Trends, Growth Factors and Opportunities
  7.5.2. Market Size and Forecast, By Region
  7.5.3. Market Share Analysis, By Country
7.6. Energy And Utilities
  7.6.1. Key Market Trends, Growth Factors and Opportunities
  7.6.2. Market Size and Forecast, By Region
  7.6.3. Market Share Analysis, By Country
7.7. Retail
  7.7.1. Key Market Trends, Growth Factors and Opportunities
  7.7.2. Market Size and Forecast, By Region
  7.7.3. Market Share Analysis, By Country
7.8. Others
  7.8.1. Key Market Trends, Growth Factors and Opportunities
  7.8.2. Market Size and Forecast, By Region
  7.8.3. Market Share Analysis, By Country

CHAPTER 8: INSOLVENCY SOFTWARE MARKET, BY REGION

8.1. Market Overview
  8.1.1 Market Size and Forecast, By Region
8.2. North America
  8.2.1. Key Market Trends and Opportunities
  8.2.2. Market Size and Forecast, By Component
  8.2.3. Market Size and Forecast, By Enterprise Size
  8.2.4. Market Size and Forecast, By Application
  8.2.5. Market Size and Forecast, By Industry Vertical
  8.2.6. Market Size and Forecast, By Country
  8.2.7. U.S. Insolvency Software Market
    8.2.7.1. Market Size and Forecast, By Component
    8.2.7.2. Market Size and Forecast, By Enterprise Size
    8.2.7.3. Market Size and Forecast, By Application
    8.2.7.4. Market Size and Forecast, By Industry Vertical
  8.2.8. Canada Insolvency Software Market
    8.2.8.1. Market Size and Forecast, By Component
    8.2.8.2. Market Size and Forecast, By Enterprise Size
    8.2.8.3. Market Size and Forecast, By Application
    8.2.8.4. Market Size and Forecast, By Industry Vertical
8.3. Europe
  8.3.1. Key Market Trends and Opportunities
  8.3.2. Market Size and Forecast, By Component
  8.3.3. Market Size and Forecast, By Enterprise Size
  8.3.4. Market Size and Forecast, By Application
  8.3.5. Market Size and Forecast, By Industry Vertical
  8.3.6. Market Size and Forecast, By Country
  8.3.7. France Insolvency Software Market
    8.3.7.1. Market Size and Forecast, By Component
    8.3.7.2. Market Size and Forecast, By Enterprise Size
    8.3.7.3. Market Size and Forecast, By Application
    8.3.7.4. Market Size and Forecast, By Industry Vertical
  8.3.8. Germany Insolvency Software Market
    8.3.8.1. Market Size and Forecast, By Component
    8.3.8.2. Market Size and Forecast, By Enterprise Size
    8.3.8.3. Market Size and Forecast, By Application
    8.3.8.4. Market Size and Forecast, By Industry Vertical
  8.3.9. Italy Insolvency Software Market
    8.3.9.1. Market Size and Forecast, By Component
    8.3.9.2. Market Size and Forecast, By Enterprise Size
    8.3.9.3. Market Size and Forecast, By Application
    8.3.9.4. Market Size and Forecast, By Industry Vertical
  8.3.10. Spain Insolvency Software Market
    8.3.10.1. Market Size and Forecast, By Component
    8.3.10.2. Market Size and Forecast, By Enterprise Size
    8.3.10.3. Market Size and Forecast, By Application
    8.3.10.4. Market Size and Forecast, By Industry Vertical
  8.3.11. UK Insolvency Software Market
    8.3.11.1. Market Size and Forecast, By Component
    8.3.11.2. Market Size and Forecast, By Enterprise Size
    8.3.11.3. Market Size and Forecast, By Application
    8.3.11.4. Market Size and Forecast, By Industry Vertical
  8.3.12. Rest Of Europe Insolvency Software Market
    8.3.12.1. Market Size and Forecast, By Component
    8.3.12.2. Market Size and Forecast, By Enterprise Size
    8.3.12.3. Market Size and Forecast, By Application
    8.3.12.4. Market Size and Forecast, By Industry Vertical
8.4. Asia-Pacific
  8.4.1. Key Market Trends and Opportunities
  8.4.2. Market Size and Forecast, By Component
  8.4.3. Market Size and Forecast, By Enterprise Size
  8.4.4. Market Size and Forecast, By Application
  8.4.5. Market Size and Forecast, By Industry Vertical
  8.4.6. Market Size and Forecast, By Country
  8.4.7. China Insolvency Software Market
    8.4.7.1. Market Size and Forecast, By Component
    8.4.7.2. Market Size and Forecast, By Enterprise Size
    8.4.7.3. Market Size and Forecast, By Application
    8.4.7.4. Market Size and Forecast, By Industry Vertical
  8.4.8. Japan Insolvency Software Market
    8.4.8.1. Market Size and Forecast, By Component
    8.4.8.2. Market Size and Forecast, By Enterprise Size
    8.4.8.3. Market Size and Forecast, By Application
    8.4.8.4. Market Size and Forecast, By Industry Vertical
  8.4.9. India Insolvency Software Market
    8.4.9.1. Market Size and Forecast, By Component
    8.4.9.2. Market Size and Forecast, By Enterprise Size
    8.4.9.3. Market Size and Forecast, By Application
    8.4.9.4. Market Size and Forecast, By Industry Vertical
  8.4.10. South Korea Insolvency Software Market
    8.4.10.1. Market Size and Forecast, By Component
    8.4.10.2. Market Size and Forecast, By Enterprise Size
    8.4.10.3. Market Size and Forecast, By Application
    8.4.10.4. Market Size and Forecast, By Industry Vertical
  8.4.11. Australia Insolvency Software Market
    8.4.11.1. Market Size and Forecast, By Component
    8.4.11.2. Market Size and Forecast, By Enterprise Size
    8.4.11.3. Market Size and Forecast, By Application
    8.4.11.4. Market Size and Forecast, By Industry Vertical
  8.4.12. Rest of Asia-Pacific Insolvency Software Market
    8.4.12.1. Market Size and Forecast, By Component
    8.4.12.2. Market Size and Forecast, By Enterprise Size
    8.4.12.3. Market Size and Forecast, By Application
    8.4.12.4. Market Size and Forecast, By Industry Vertical
8.5. LAMEA
  8.5.1. Key Market Trends and Opportunities
  8.5.2. Market Size and Forecast, By Component
  8.5.3. Market Size and Forecast, By Enterprise Size
  8.5.4. Market Size and Forecast, By Application
  8.5.5. Market Size and Forecast, By Industry Vertical
  8.5.6. Market Size and Forecast, By Country
  8.5.7. Latin America Insolvency Software Market
    8.5.7.1. Market Size and Forecast, By Component
    8.5.7.2. Market Size and Forecast, By Enterprise Size
    8.5.7.3. Market Size and Forecast, By Application
    8.5.7.4. Market Size and Forecast, By Industry Vertical
  8.5.8. Middle East Insolvency Software Market
    8.5.8.1. Market Size and Forecast, By Component
    8.5.8.2. Market Size and Forecast, By Enterprise Size
    8.5.8.3. Market Size and Forecast, By Application
    8.5.8.4. Market Size and Forecast, By Industry Vertical
  8.5.9. Africa Insolvency Software Market
    8.5.9.1. Market Size and Forecast, By Component
    8.5.9.2. Market Size and Forecast, By Enterprise Size
    8.5.9.3. Market Size and Forecast, By Application
    8.5.9.4. Market Size and Forecast, By Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Clio
  10.1.1. Company Overview
  10.1.2. Key Executives
  10.1.3. Company Snapshot
  10.1.4. Operating Business Segments
  10.1.5. Product Portfolio
  10.1.6. Business Performance
  10.1.7. Key Strategic Moves and Developments
10.2. Abacus Data Systems, Inc.
  10.2.1. Company Overview
  10.2.2. Key Executives
  10.2.3. Company Snapshot
  10.2.4. Operating Business Segments
  10.2.5. Product Portfolio
  10.2.6. Business Performance
  10.2.7. Key Strategic Moves and Developments
10.3. Altisource
  10.3.1. Company Overview
  10.3.2. Key Executives
  10.3.3. Company Snapshot
  10.3.4. Operating Business Segments
  10.3.5. Product Portfolio
  10.3.6. Business Performance
  10.3.7. Key Strategic Moves and Developments
10.4. Aryza
  10.4.1. Company Overview
  10.4.2. Key Executives
  10.4.3. Company Snapshot
  10.4.4. Operating Business Segments
  10.4.5. Product Portfolio
  10.4.6. Business Performance
  10.4.7. Key Strategic Moves and Developments
10.5. Stretto
  10.5.1. Company Overview
  10.5.2. Key Executives
  10.5.3. Company Snapshot
  10.5.4. Operating Business Segments
  10.5.5. Product Portfolio
  10.5.6. Business Performance
  10.5.7. Key Strategic Moves and Developments
10.6. Epiq
  10.6.1. Company Overview
  10.6.2. Key Executives
  10.6.3. Company Snapshot
  10.6.4. Operating Business Segments
  10.6.5. Product Portfolio
  10.6.6. Business Performance
  10.6.7. Key Strategic Moves and Developments
10.7. Kroll Associates, Inc.
  10.7.1. Company Overview
  10.7.2. Key Executives
  10.7.3. Company Snapshot
  10.7.4. Operating Business Segments
  10.7.5. Product Portfolio
  10.7.6. Business Performance
  10.7.7. Key Strategic Moves and Developments
10.8. Turnkey IPS
  10.8.1. Company Overview
  10.8.2. Key Executives
  10.8.3. Company Snapshot
  10.8.4. Operating Business Segments
  10.8.5. Product Portfolio
  10.8.6. Business Performance
  10.8.7. Key Strategic Moves and Developments
10.9. QwikFile
  10.9.1. Company Overview
  10.9.2. Key Executives
  10.9.3. Company Snapshot
  10.9.4. Operating Business Segments
  10.9.5. Product Portfolio
  10.9.6. Business Performance
  10.9.7. Key Strategic Moves and Developments
10.10. Fastcase
  10.10.1. Company Overview
  10.10.2. Key Executives
  10.10.3. Company Snapshot
  10.10.4. Operating Business Segments
  10.10.5. Product Portfolio
  10.10.6. Business Performance
  10.10.7. Key Strategic Moves and Developments


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