Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global corporate insolvency services market is estimated atUS$ 12.1 billionin 2022, with a projected market valuation ofUS$ 20.5 billionfor 2032.
Market growth is primarily driven by the rising incidence of corporate bankruptcy and growing enterprises’ inability to pay creditors. Due to the COVID pandemic, many small and large businesses observed instability in revenue growth and efficient business operations. Also, the global economy faced a recession, rise in interest rates, and inflation. This impacted the situation of insolvency and bankruptcy in various businesses and resulted in high demand for corporate insolvency services worldwide.
The market is expected to rise at a significant…
Read the full article at: https://www.globenewswire.com/news-release/2023/01/31/2598881/0/en/Global-Corporate-Insolvency-Services-Market-to-Generate-US-20-5-Billion-by-2032-Fact-MR-Research.html