Procurement
Expert Panel
Create New Account
Login
logo
Report store
Insights
Survey
Consulting
Book discovery call
logo

Saudi Arabia ATM Managed Service Market Outlook to 2023

By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting, Cash Reconciliation & Cash Forecasting)

Region:Middle East

Product Code:KR811

Download Sample Report
Published On

June 2019

Total pages

95

About the Report

The report titled "Saudi Arabia ATM Managed Service Market Outlook to 2023 - By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting, Cash Reconciliation & Cash Forecasting)" covers market revenue generated by managed service providers in Saudi Arabia along with market segmentation by service offerings (from cash management services, ATM repair and maintenance and ATM site maintenance services), by type of ATMs (On-site, off-site, Mobile ATMs), by ATM Machine (Cash Dispensers, Cash Recyclers), and by service offerings of Cash Management Companies (Cash Replenishment Service, Cash-in-Transit & Other cash management services including cash processing, cash vaulting, cash reconciliation & cash forecasting) for the period 2013-2023. The report also covers emerging growth drivers and trends; issues and challenges; decision making parameters; and competitive landscape of players in the market with special focus on Abana, Hamrani, AMNCO, Abu-Sarhad, NCR, Hyosung, Sanid, G4S Almajal and Hemaia Group. The interpretation explores ATM Supply Market and ATM Cash Management Services Market, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the readers. This report will particularly help the readers to identify the ongoing trends in the industry and anticipated growth in the future depending upon changing industry dynamics in upcoming years.
Saudi Arabia ATM Managed Service Market
 
Saudi Arabia ATM Managed Services Market Summary: Market Overview: Saudi Arabia ATM Managed Service Market has witnessed strong growth owing to increase in number of ATMs, higher demand of outsourcing services to managed service providers, decrease in prices charged over the years, increase in initiatives taken by SAMA to promote financial inclusion and the growing number of local and international players across the Kingdom. The industry revenue witnessed a five year CAGR of close to 5% during the review period (2013-2018). The market is currently in growth stage with strong possibility for further development at a faster pace with positive trends expected in the industry. Profitability associated with ATM managed services is highly correlated with multiple factors such as improving the process of cash withdrawals in the ATM, increase in number of ATMs, introducing new breed of ATM machines, improvement in customer retention schemes and relationships for longer contracts, having diversified services portfolio with trained professionals. Profitability has been analyzed to be in the estimated range of 20%-25% in 2018.
 

Market Segmentations

By Service Offerings (Cash Management Service, ATM Site Maintenance, ATM Repair & Maintenance): ATM Managed Service Market incorporates various services such as Cash Management Services, ATM repair & maintenance services which include SLM and AMC contracts with vendors and other managed service providers and ATM site maintenance. Cash Management Services which includes cash replenishment, cash in transit, cash processing, cash reconciliation, cash vaulting and other cash related services contributed majority share in 2018. This was followed by ATM repair & maintenance which contributed second highest share to the total revenues in 2018. ATM repair and maintenance includes revenues from annual maintenance fees & second line maintenance. The remaining share belongs to ATM site maintenance which includes services related to housekeeping, security, cleanliness, lighting, etc.

By Type of machines (Cash Recyclers and Cash Dispensers): In Saudi Arabia, ATM machines are primarily of two types which are Cash dispensing machine (ATM Machine) and cash recyclers. Presently, total number of cash recycler machines operating in Saudi Arabia was evaluated at close to 2,000. However, number of cash dispensing machines operating in Saudi Arabia was observed to take higher share.

By Service offerings of Cash Management Companies (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting, Cash Reconciliation & Cash Forecasting): Major services offered by the cash management companies include ATM replenishment, cash-in-transit, cash processing, cash reconciliation and others. Cash management service companies (CMC) generates highest share of their revenue through ATM replenishment service. Number of ATMs which were outsourced to cash management companies during 2018 was high. Cash-in-transit contributed second largest share to the total revenues from cash management services in 2018. Other services such as cash processing, cash reconciliation, cash vaulting and others contributed the third largest share.

Competitive Landscape in Saudi Arabia ATM Managed Services Market: The competition in the industry has been concentrated in terms of number of players and number of ATMs managed in Saudi Arabia owing to less number of players and dominance of top 5 players. Players are competing with each other on the basis of technological advancement in equipments, type and number of equipments facilitated, gamut of service offered, and duration of service level agreement number and pricing of contracts offered.

Saudi Arabia ATM Managed Services Market Future Outlook and Projections: Saudi Arabia ATM Managed Service Market has been anticipated to grow registering a CAGR of close to 2% during 2018 to 2023. The growth will be supported by the increase in the number of ATMs which is expected to grow at a CAGR of close to 3% during the same. Increase in cash withdrawals from ATM, growing demand for outsourcing management services by banks, diversifying services portfolio of managed service providers will act as a tailwind reasons for market growth in future.
 

Key Topics Covered in the Report

  • Saudi Arabian Economy Overview
  • Saudi Arabia ATM Managed Services and Outsourcing Market Introduction
  • Saudi Arabia ATM Managed Services Market Overview, 1970-2018
  • Advent and Reasons for Outsourcing ATM Services
  • Cross Comparison of Global ATM Industry with Banking Industry in Saudi Arabia
  • Banking Industry in Saudi Arabia
  • Global Technology Trends in ATM Industry
  • Value Chain Analysis of Saudi Arabia ATM Managed Services Market
  • Ecosystem for Saudi Arabia ATM Industry
  • Current ATM Management Models in Saudi Arabia
  • Saudi Arabia ATM Managed Services Market by Revenues, 2013-2018
  • Saudi Arabia ATM Managed Services Market Segmentation
  • Saudi Arabia ATM Supply Market Introduction and Market Size
  • Saudi Arabia ATM Cash Management Services Market Introduction and Market Size
  • Cash Circulation & Cash Withdrawal Scenario in Saudi Arabia
  • Trends and Developments in Saudi Arabia ATM Managed Services Market
  • Issues and Challenges in Saudi Arabia ATM Managed Services Market
  • SWOT Analysis for Saudi Arabia ATM Managed Services Market
  • Major Cost Components and Profitability analysis of ATMs
  • Competition Scenario In Saudi Arabia ATM Managed Services Market
  • Company Profiles of Major Players in Saudi Arabia ATM Managed Services Market
  • Saudi Arabia ATM Managed Services Market Future Outlook and Projections
  • Analyst Recommendations

Products

Key Target Audience

  • Managed Service Providers
  • Major ATM Suppliers / Vendors
  • Cash Management Companies
  • Banks (Private, Commercial, State)
  • Saudi Arabian Monetary Authority (SAMA)
  • Government Institutions
  • Investors
  • Facility Management Companies


Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2019-2023

Companies

Key Segments Covered in Saudi Arabia ATM Managed Service Market

By Type of ATMs (On the basis of Number of ATMs)

  • On-Site ATMs
  • Off-Site ATMs
  • Mobile ATMs

By Service Offerings (On the basis of Revenue)

  • Cash Management Services
  • ATM Repair & Maintenance
  • ATM Site Maintenance

By Type of ATM Machine (on the basis of Number of Machines)

  • Cash Dispensers
  • Cash Recyclers

By Service offerings of Cash Management Companies (On the basis of Revenue)

  • Cash Replenishment Service
  • Cash-in-Transit
  • Other cash management services including cash processing, cash vaulting, cash reconciliation & 
    cash forecasting

Companies Covered:

  • Abana
  • Abu-Sarhad
  • Hamrani
  • NCR
  • Hyosung
  • Sanid
  • Hemaia Group
  • G4S Almajal
  • AMNCO

Table of Contents

1. Executive Summary

Market Size and Overview
Market Segmentation
Competitive Analysis
Future Projections

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling

Research Methodology
Approach – Market Sizing – ATM Managed Services Market
Limitations
Variables (Dependent And Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Saudi Arabian Economy Overview

4. Saudi Arabia ATM Managed Services and Outsourcing Market Introduction

4.1. Saudi Arabia ATM Managed Services Market Overview, 1970-2018
4.2. Advent and Reasons for Outsourcing ATM Services

Advantages Attached to ATM Outsourcing for Banks

4.3. Cross Comparison of Global ATM Industry with Banking Industry in Saudi Arabia
4.4. Banking Industry in Saudi Arabia
4.5. Global Technology Trends in ATM Industry

5. Value Chain Analysis

6. Ecosystem for Saudi Arabia ATM Industry

7. Current ATM Management Models in Saudi Arabia

7.1. Managed By Banks (On-Site ATM Modeling)
7.2. Managed Service Model (OFF-Site ATM Modeling)

8. Saudi Arabia ATM Managed Services Market by Revenues, 2013-2018

9. Saudi Arabia ATM Managed Services Market Segmentation

9.1. By Type of ATMs (On-Site ATMS, Off-Site ATMs & Mobile ATMs), as of December 31st2018
9.2. By Service Offerings (Cash Management Service, ATM Site Maintenance, ATM Repair & Maintenance & Other Services), 2018

10. Saudi Arabia ATM Supply Market Introduction and Market Size

10.1. Saudi Arabia ATM Supply Market Size, 2018

11. Saudi Arabia ATM Cash Management Services Market Introduction and Market Size

11.1. Saudi Arabia Cash Management Services Market Size, 2018
11.2. Saudi Arabia Cash Management Services Market Segmentation by Services (ATM Replenishment, Cash In Transit and others), 2018
11.3. Competition Scenario in Saudi Arabia Cash Management Services Market (Competition Parameters)

12. Cash Circulation & Cash Withdrawal Scenario in Saudi Arabia

12.1. Cash Circulation in Saudi Arabia, 2014-2018
12.2. Cash Withdrawals in Saudi Arabia, 2014-2018

13. Trends and Developments in Saudi Arabia ATM Managed Services Market

Increasing Number of ATMs
Introduction of New Breed of ATMs
MADA Offering free ATM Withdrawls
Increase in the use of Debit & Credit Cards

14. Issues and Challenges in Saudi Arabia ATM Managed Services Market

Strict SAMA Regulations
High Unbanked Population
No involvement of Non-Banking Entities
Saudi Government’s emphasis on building a cashless society

15. SWOT Analysis for Saudi Arabia ATM Managed Services Market

16. Major Cost Components and Profitability analysis of ATMs

16.1. Managed Services Model

17. Competition Parameters and Market Share of Major Players in Saudi Arabia ATM Managed Services Market, 2018

17.1. Heat Map of Major Players in Saudi Arabia ATM Managed Services Market

ATM Supply Segment
ATM Managed Services Company

18. Company Profiles of Major Players in Saudi Arabia ATM Managed Services Market, 2018

18.1. Alhamrani Universal Company
18.2. Abana

Service Offerings of ABANA

18.3. NCR Corporation
18.4. Diebold Nixdorf,
18.5. AMNCO
18.6. Abu Sarhad (Abu-Sarhad Premier Service group)

Service Offerings of Abu-Sarhad

18.7. G4S Almajal
18.8. Sanid

18.9. Hemaia Group

19. Saudi Arabia ATM Managed Services Market Future Outlook and Projections, 2019-2023

19.1. By Revenue, 2019-2023
19.2. By Service Offerings (ATM Managed Services, Cash Management Services, ATM Supply), 2019-2023
19.3. Analyst Recommendations

Technological Innovation in Demand Forecasting in ATMs
Strategic Partnership with Local Players
Different revenue models
Different ATM models
Location Play

Disclaimer

Contact Us

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022