A global market for corporate insolvency services will generate US dollars

Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global corporate insolvency services market is valued at USD 12.1 billion in 2022, with a projected market value of USD 20.5 billion by 2032.

Market growth is mainly driven by the increasing incidence of corporate bankruptcies and the inability of growing businesses to pay creditors. Due to the COVID pandemic, many small and large businesses are experiencing volatility in revenue growth and efficient business operations. In addition, the global economy was facing recession, rising interest rates and inflation. This has affected the insolvency and bankruptcy situation in various businesses and has led to a high demand for corporate insolvency services worldwide.

The market is expected to grow at a significant rate in the future with the integration of advanced technologies. AI is used and online platforms are integrated with liquidity firms to effectively deliver insolvency services to stakeholders, creditors and businesses.

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Key takeaways from market research

  • Company Voluntary Liquidation and Creditor Voluntary Liquidation services hold more than 50% share of the global corporate insolvency services market.
  • During the forecast period (2022-2032), the market is expected to rise at a CAGR of 5.4%
  • North America is expected to account for a leading market share of 30%.
  • On the basis of region, the demand for corporate insolvency services is expected to grow at a CAGR of 5.5% and 6.1% in Europe and East Asia, respectively.

Reduced government aid along with a global economic slowdown will push the market to new highs”, says an analyst to Fact.MR.

Segmentation of corporate insolvency service sector research

  • By type of service:
    • Administration
    • Voluntary liquidation of the company
    • Creditors’ Voluntary Liquidation (CVL)
    • Compulsory Liquidation
    • Other (not elsewhere classified)
  • By End Use Industry:
    • Consumer markets
    • Energy and natural resources
    • BFSI
    • Life Science and Healthcare
    • Media and Telecommunications
    • technology
  • By region:
    • North America
    • Latin America
    • Europe
    • east asia
    • South Asia and Oceania
    • Middle East and Africa

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market development

The global market for corporate insolvency services is highly fragmented with the presence of various domestic and international players in the industry. The intensity of competition among these market players is significantly high, offering vivid services related to corporate insolvency. The market players are expected to be immensely benefited by the integration of advanced technologies in the coming years.

There are both big and small players in the market. In terms of value, about 40% of the market is captured by large multinationals. The industry has witnessed several notable mergers and acquisitions and some exciting hybrid service offerings.

For example:

  • In August 2022, ICR, one of the leading strategic communications and advisory firms, introduced SPAC Liquidation Communications Services, which offers clients the support they need to effectively communicate with investors during liquidation.

Key companies profiled

  • ASC group
  • Baker Tilly US, LLP
  • Binder Dijker Otte
  • Crowe Global
  • Deloitte
  • Ernst & Young Global Limited
  • Evelyn Partners
  • Grant Thornton LLP
  • Haines Watts Group
  • Johnston Carmichael
  • KPMG International
  • Mazari
  • MHA MacIntyre Hudson
  • Moore Global
  • PwC
  • UHY Hacker Young
  • AZB & Partners
  • Cyril Amarchand Mangaldas
  • Dhir & Dhir Associates
  • J Sagar Associates

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We offer more valuable insights

Fact.MR, in its new offering, presents an unbiased analysis of the global corporate insolvency services market, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals key insights based on service type (administration, voluntary company liquidation, creditors’ voluntary liquidation, compulsory liquidation, other (n.e.c.)) and end-use industry (consumer markets, energy and natural resources, financial services, life science and health, media and telecommunications, technology), in the main regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania and the Middle East and Africa).

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