Insolvency Software Market - By Component, By Deployment Model, By Organization Size, By Application, By End-use, Forecast 2024

Description

List of Tables

Insolvency software market size is projected to expand at over 10% CAGR from 2024 to 2032. The increasing complexity of legal and financial processes surrounding insolvency is necessitating advanced software solutions for streamlined case management. The rise in corporate bankruptcies and financial uncertainties, especially in the wake of global economic challenges, is boosting the demand for efficient insolvency software to manage proceedings and compliance.

Additionally, the increased stringency of regulatory requirements and reporting standards is fueling the adoption of specialized software to ensure accuracy and transparency in insolvency proceedings. For instance, in March 2023, Aryza Ltd. launched its latest insolvency software, Aryza Insolv, to deliver a truly end-to-end solution. The rising need for enhanced communication and collaboration among stakeholders involved in insolvency processes is further making insolvency software an indispensable tool for legal and financial professionals for navigating complex insolvency situations.

The overall market is categorized into component, deployment model, organization size, application, end-user, and region.

The on-premises deployment model segment is projected to accumulate sizeable share of the insolvency software market by 2032, due to the rising demand for enhanced data control and security. Businesses, particularly in the insolvency, credit, and debt recovery sectors, are prioritizing on-premises solutions to maintain sensitive financial data internally. This deployment model also offers increased customization, compliance adherence, and the ability to meet specific regulatory requirements, leading to the segment expansion.

In terms of component, the market value from the software segment is estimated to witness substantial CAGR from 2024 to 2032, owing to the increasing demand for versatile and feature-rich solutions. Components, such as case management, analytics, and reporting tools have grown crucial for enhancing efficiency, compliance, and decision-making within the insolvency process, further fueling the adoption of advanced software components.

Regionally, the Asia Pacific insolvency software market is projected to expand at rapid pace from 2024 to 2032. The growth can be attributed to the surge in corporate activities, expanding financial complexities, and the evolving regulatory landscape. Furthermore, the increasing demand for efficient insolvency solutions to navigate complex legal and financial processes coupled with the growth in business insolvency cases will fuel the regional market expansion.

Product Code: 7764

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Insolvency software market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2024 - 2032
2.3 Regional trends
2.4 Component trends
2.5 Deployment model trends
2.6 Organization size trends
2.7 End-use trends

Chapter 3 Insolvency Software Industry Insights

3.1 Industry ecosystem analysis
3.2 Profit margin
3.3 Suppliers landscape
- 3.3.1 Solution providers
- 3.3.2 Service providers
- 3.3.3 Technology providers
- 3.3.4 Application trends
- 3.3.5 End-uses
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing intricacies of financial landscapes
  - 3.8.1.2 Rising funding for credit management platforms
  - 3.8.1.3 Growing bankruptcy cases
  - 3.8.1.4 Heightened demand for insolvency proceedings
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Data security concerns
  - 3.8.2.2 Evolving and complex regulatory frameworks
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 Epiq Global
- 4.3.2 Kroll
- 4.3.3 Caseware International Inc.
- 4.3.4 Cilo
- 4.3.5 Stretto
- 4.3.6 Aryza Ltd.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Insolvency Software Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 Solution
5.3 Services

Chapter 6 Insolvency Software Market Estimates & Forecast, By Deployment Model (Revenue)

6.1 Key trends, by deployment model
6.2 On-premises
6.3 Cloud

Chapter 7 Insolvency Software Market Estimates & Forecast, By Organization Size (Revenue)

7.1 Key trends, by organization size
7.2 Large organization
7.3 SMEs

Chapter 8 Insolvency Software Market Estimates & Forecast, By Application (Revenue)

8.1 Key trends, by application
8.2 Compliance
8.3 Creditor management
8.4 Document management
8.5 Financial transaction management
8.6 Reporting
8.7 Others

Chapter 9 Insolvency Software Market Estimates & Forecast, By End-use (Revenue)

9.1 Key trends, by end-use
9.2 IT And Telecom
9.3 BFSI
9.4 Government
9.5 Retail
9.6 Manufacturing
9.7 Energy and Utilities
9.8 Others

Chapter 10 Insolvency Software Market Estimates & Forecast, By Region (Revenue)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Southeast Asia
- 10.4.6 ANZ
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa

Chapter 11 Company Profiles

11.1 Altisource
11.2 Aryza Ltd.
11.3 CaseLines
11.4 Caseware International Inc.
11.5 Cilo
11.6 Epiq Global
11.7 Fastcase
11.8 InsolPro
11.9 Kroll
11.10 LegalPRO
11.11 Legito
11.12 LexisNexis
11.13 Litera
11.14 NextChapter
11.15 PracticePanter
11.16 Qwikfile
11.17 Smokeball
11.18 Stretto
11.19 Turnkey IPS
11.20 Wolters Kluwer