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Insolvency Software Market Share

Report ID: GMI7764
Published Date: Jan 2024
Report Format: PDF

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Insolvency Software Market Share

The insolvency software industry features a competitive landscape with a mix of established players and emerging startups. Established companies including CaseWare and Aryza Ltd. offer comprehensive solutions while newer entrants focus on niche innovations.

The market's dynamism is driven by ongoing technological advancements and evolving regulatory landscapes, fostering a competitive environment where adaptability and innovation are key differentiators.

Insolvency Software Market Companies

Major players operating in the insolvency software industry are

Altisource
Aryza Ltd.
Caseware International Inc.
Cilo
Epiq Global
Fastcase
Kroll
Litera
PracticePanter
Stretto

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The insolvency software industry was valued at USD 1.5 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032, backed by the surge in seed funding for credit management platforms.

In 2023, the cloud segment for around 35% market share and will continue hold its ground through 2032, fueled by the accessibility and cost efficiency it offers.

North America insolvency software market held a major revenue share of over 35% in 2023 and will grow significantly over 2023-2032, owing to the ongoing innovations, such as the integration of Artificial Intelligence (AI), Machine Learning (ML), and automation in insolvency software that enhance its capabilities.

Altisource, Aryza Ltd., Caseware International Inc., Cilo, Epiq Global, Fastcase, Kroll, Litera, PracticePanter, Stretto among others.