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