Credit Management Software Market by Deployment Type (On-Premises, and Cloud), by Service Type (Consulting, Operation & Maintenance, and System Integration), by Organization Size (Small & Medium Enterprises, and Large Enterprises) Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2025

Global credit management software market expected to reach over USD 2,550.00 million by the end of 2025 growing at a CAGR of more than 5.50% between 2017 and 2025. Increasing awareness about the benefits of using automation and dedicated software has triggered the growth of the credit management software market.

10-Apr-2018 | Report Code: ZMR-2758 | Report Format : | Status : Published

Abstract

Report Brief

  • The report covers forecast and analysis for the credit management software market on a global and regional level.
  • The report includes the positive and the negative factors that are influencing the growth of the market.
  • Market opportunities are discussed in detail in the report.
  • The revenue generated by the prominent industry players has been analyzed in the report.
  • The market numbers have been calculated using top-down and the bottom-up approaches.
  • The credit management software market has been analyzed using Porter’s Five Forces Analysis.
  • The market is segmented on the basis of deployment type, service type, and organization size which in turn are bifurcated on a regional level as well.
  • All the segments have been evaluated based on the present and the future trends.
  • The report deals with the in-depth quantitative and qualitative analyses of the credit management software market.
  • The report includes the detailed company profiles of the prominent market players.

Market Summary

Credit management software is used to streamline and prioritize the workflow associated with credit management. At the same time, it also helps in accomplishing several types of day-to-day tasks performed by team members of credit management department and store key information. It also helps in managing the cash flow within organizations along with maintaining appropriate records of the invoices. Credit management software can be incorporated into the entire organization or can also function as a part of some other software. Credit management software is currently being used by companies from diverse domains.

Value 

The global credit management software market was valued at around USD 1,620.00 million in the year 2016 and is expected to reach over USD 2,550.00 million by the end of 2025 growing at a CAGR of more than 5.50% between 2017 and 2025.

Drivers and Restraints

Increasing awareness about the benefits of using automation and dedicated software has triggered the growth of the credit management software market. Credit management software provides advantages such efficiency, better cash flow management, maximum insights pertaining to customer behavior, and much more. The end-user industries such as telecom, healthcare, manufacturing, information technology and electronics are implementing the credit management software owing to the benefits offered by credit management software. Moreover, credit management software also provides key insights into the movement of the company invoices for several transactions taking place within or outside the company. Such benefits offered by credit management software are boosting the market over the forecast period. In addition, credit management software can also be used with other widely used software in industries such as Enterprise Resource Management (ERP). In combination with ERP, credit management software helps in better managing the resources as well as transactions in the company.

The major factor that will limit the growth of the credit management software market is a high capital investment.

Global Credit Management Software Market

Segmentation

Cloud segment registered the highest market share of 58.10% in 2016 and it is also expected to grow at a higher CAGR of around 5.5% over the forecast period. The cloud segment primarily offers online credit application, collaborative workflow, data aggregation, and easy retrieval and storage of data that can be accessed from any remote location. Such benefits overcome the shortfalls associated with the on-premise segment. Hence cloud-based credit management software is being widely used.

By service type, the consulting segment held the largest market share of more than 50% in the global credit management software market. There is an increased demand for the consulting services of the credit management software owing to the growing adoption of the software among the small and medium enterprises. However, it is anticipated that the operation and the maintenance services segment will register the highest CAGR growth in the coming years. 

Large enterprises segment dominated the credit management software market in 2016 by contributing a market share of 66.38%. Being expensive, credit management software is more affordable for the large enterprises. In addition, some of the giant consulting firms rely on the credit management software and cater the smaller enterprises in managing the credit accounts. The growing popularity and increasing adoption rate of credit management software are positively influencing the medium enterprises. Owing to which the segment small and medium enterprises is estimated to grow at a CAGR of 6.19% over the forecast period. Moreover, the benefits offered by credit management software such as efficiency in credit management, better cash flow management, maximum insights pertaining to customer behavior, and much more is driving the demand for credit management software over the forecast period.

Asia Pacific is expected to grow at the highest CAGR of 6.50% over the forecast period. Heavy investment by international companies in the Asia Pacific region owing to cheap labor has to lead to rapid industrialization over the last decade which, in turn, has increased the adoption of the credit management software in various organizations. This is estimated to continue in the near future. Europe held the highest market share of 32.16% in 2016 and is growing with a steady CAGR over the forecast period. 

Industry Players

The report includes detailed profiles of the prominent market players that are trending in the market. The lists of the players that are compiled in the report are High Radius, Rimilia, Solutions for Financials B.V., SOPLEX Consult GmbH, Equiniti, Esker, HanseOrga Group, Innovation Software Limited, Misys, Onguard, and Prof. Schumann GmbH., among others.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In October 2017, OnGuard and Credit Tools, two leading credit management software suppliers merged and formed OnGuard. The new Onguard is a modern FinTech company which acts as a strategic pioneer for clients throughout the entire order to cash process.


Related Reports

Digital Business Support System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3629 | Report Format:

Global Digital Business Support System Market: Overview Digital business support systems offer complete support to the telecom service providers in digital business support system service deployment and operations. With the increasing acceptance of cloud-based business support system services, t...Read More

Point of Sale Software Market by Software Setup (Cloud-Based and Native), by Product (Mobile POS and Terminal POS), and by End-User (Retail, Government Sector, Healthcare, Hospitality, Media & Entertainment, Warehouses, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Dec-2018 | Price : $ 4899.00 | Pages: 136 | Report Code: ZMR-3627 | Report Format:

This report analyzes and forecasts the point of sale software market on a global and regional level. The study offers past data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The assessment of point of sale software market dynamics gives a brief in...Read More

Intelligent and Cognitive Radio Market by Component (Antennas, RF Electronics, Wireless Cognitive Radio System, and Network Control and Management) and by Application (Public Sector,Mobile/Wireless Network Operators, and Other End-Users): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Dec-2018 | Price : $ 4899.00 | Pages: 153 | Report Code: ZMR-3624 | Report Format:

The report analyzes and forecasts intelligent and cognitive radio market on a global and regional level. The study offers past data for 2015, 2016, and2017along with a forecast from 2018 to 2024 based on revenue (USD Billion). Estimation of market dynamics gives a brief thought about the drivers a...Read More

GPU Database Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3622 | Report Format:

Global GPU Database Market: Overview GPUdatabase head large volumes of data faster and more efficiently than CPUs because they work in parallel, instead of sequence. GPUs speed up location-based and in-memory analytics, machine learning, and AI.With thousands of processing cores easily available...Read More

Database Automation Market by Database (Hierarchical Databases, Network Databases, Relational Databases, and Object-oriented Databases), by Deployment (Cloud, On-Premises, and Hybrid), by Component (Solutions and Services), by Application (Finance, Operations, Human Resources, Sales & Marketing, and Information Technology), and by End-Use Industry (Transportation, Automotive, IT & Telecom, Retail, Government Sector, BFSI, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017–2024

Dec-2018 | Price : $ 4899.00 | Pages: 176 | Report Code: ZMR-3619 | Report Format:

The report analyzes and forecasts the database automation market on a global and regional level. The study offers past data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The assessment of database automation market dynamics gives a brief thought a...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.