Growth in the UAE ATM Managed Services Market is driven by the banks’ need to cut operating costs, customer’s reliance on cash based transactions, and increase in Card based transactions in ATMs: Ken Research

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“Continued reliance on cash as the preferred mode of payments, rise in ATM withdrawals due to increase in cards in circulation, innovation in the ATM machines and increase in number of ATMs has driven the ATM Managed Services market.”

Analysts at Ken Research in their latest publication “UAE ATM Managed Services Market Outlook to 2024 – By Off-Site and On-Site ATMs and By Type of Service (Cash Management Services, ATM Maintenance Services and ATM Supply)” believe growth in cash circulation in the economy, reliance on cash for all transactions, innovation in ATM Machine technology and software and rising need for banks to outsource ATM management to cut costs and entry of new cash management services companies are some of the factors that will drive the market to register a 0.9% CAGR growth in terms of revenue for the period 2018-2024.

Growth in ATMs: The region witnessed growth in ATMs from 2013 to 2018 at a CAGR of 2.5%, which has driven the rise in managed services revenue. As ATMs are cost centers for banks, since the only revenue they generate is from transactions involving customers of other banks. With CBUAE mandating banks to update ATM operating software, replacement of ATMs and their software will increase revenues associated with these services and their service providers. Demand for innovative ATM machines will also help introduction of new ATM manufacturers.  

Strategic Partnerships: ATM suppliers such as NCR have entered into partnerships and acquisitions such as Alaric and D3 technologies which have helped the company to expand their product portfolio. Transguard has strategic partnerships with both NCR and Diebold Nixdorf. With NCR, the partnership enables the companies to provide end to end management of ATMs for banks and a shift from traditional Capex to Opex model. Transguard is also a licensed distributor of Diebold Nixdorf ATM machines, and also provides end to end management services to banks. This way Transguard has become a one stop solution for all ATM related services.  

Rise in ATM Withdrawals: The region has witnessed a growth in ATM withdrawal both in terms of transaction value and volume for the review period 2013-2018 at a CAGR of 5.5% and 8.3% respectively. This can be attributed to rise in debit and credit cards issued during the period. As of 2018, the region has nearly 10 million debit cards and 8.5 million credit cards in circulation. The total cards in circulation in UAE have grown in the period 2013-2018 at a CAGR of 8.2%. Types of cards include prepaid cards, credit and debit cards and charge cards. The Central Bank of UAE mandated in 2012 for the use of EMV type cards, which has helped the adoption of these cards by banks in UAE.

Keywords:

UAE ATM Service Market                        

UAE ATM Managed Services Market

UAE Cash Management Service Market

UAE Cash Replenishment Market

UAE Cash-in-transit Market                            

UAE Cash Processing Market

UAE ATM Maintenance Market

UAE ATM Repair & Maintenance Market

UAE Second Line Maintenance Market

UAE ATM Managed Service Market Revenue

UAE ATM Revenue

ATM Growth Opportunities in UAE

ATM Managed Service Providers UAE

Cash Management Companies

Number of ATMs in UAE

On-site ATMs in UAE

Off-site ATMs in UAE

Mobile ATMs in UAE

Cash Dispensers in UAE

Cash Recyclers in UAE

ATM Industry UAE

UAE ATM Revenue

UAE ATM Expenses

UAE ATM investment

UAE ATM Managed Service Segment Revenue

UAE ATM Managed Service Market Analysis

UAE Cash Management Service Market Analysis

ATM Vendors in UAE

ATM sellers in UAE

ATMs sold in UAE in 2018

ATMs managed by managed service providers in UAE

Cash management companies in UAE

Cash-in-transit companies in UAE

UAE ATM managed service outsourcing

ATM outsourced by Banks in UAE

ATMs outsourced by NCB Bank in UAE

ATMs outsourced by Riyadh Bank

UAE ATM Contract

UAE ATM cards

UAE ATM Industry Growing

UAE ATM Competition

ATM Managed Service Trends

ATM Managed Service Growth Drivers

Challenges UAE ATM Managed Service

Regulations UAE ATM Managed Service

Competition in UAE ATM Managed Service

Major ATM Suppliers UAE ATM

Profiles of Major Managed Service Providers UAE

Profiles of Cash Management Companies Providers UAE

UAE ATM Managed Service Future

UAE ATM Forecast

Success Factors UAE ATM Managed Services

Investment in ATM in UAE

Transguard Cash Replenishment Revenue UAE

NCR Market Share UAE

Diebold Nixdorf Market Share UAE

NCR ATM Sales UAE

Diebold Nixdorf Market Share UAE

Key Segments Covered

By Location of ATM

On-Site

Off-Site

By Type of Services

Cash Management Services

ATM Maintenance Services

ATM Supply

Key Target Audience

Banking and Financial Services Companies

Investors and Venture Capital Firms

Technology Service Providers

Government Entities

Cash Management Companies

ATM Machine Manufacturers

Time Period Captured in the Report:

Historical Period: 2013 -2018

Forecast Period: 2018-2024

Companies Covered:

Transguard

NCR Corporation

Diebold Nixdorf

Key Topics Covered in the Report

UAE ATM Managed Services Market Introduction

Market Ecosystem of UAE ATM Managed Services Industry, 2018

Value Chain Analysis of UAE ATM Managed Services Industry

UAE ATM Managed Services Market by Revenues, 2013-2018

UAE ATM Managed Services Market Segmentation, 2018

Major Cost Components and Profitability Analysis of ATMs in UAE, 2018

Issues and Challenges in UAE ATM Managed Services Industry

Trends and Development in UAE ATM Managed Services Industry

Regulations in the UAE ATM Managed Services Industry

Snapshot of UAE ATM Supply Market, 2018

Company Profiles of Major Players in UAE ATM Managed Services Market

UAE ATM Managed Services Future Market Outlook and Projections, 2018-2024

Analyst Recommendations

For more information on the research report, refer to below link:

UAE ATM Managed Services Market

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India ATM Cash Management Market Forecast to 2023 - ATM Replenishment, Cash in Transit, Cash Pickup and Delivery and Vaulting Services, Bullion Management, and Cash Processing

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Ken Research
Ankur Gupta, Head Marketing & Communications
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Growth in Technological Developments in Sensor Technologies Expected to Drive World Online Gas Analyzer Market over the Forecast Period: Ken Research

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According to study, “World Online Gas Analyzer Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world online gas analyzer market are ABB Ltd., Ametek, Siemens AG, Thermo Fisher Scientific Inc., Yokogawa Electric Corp., Servomex (Spectris Plc), Fuji Electric, SHIMADZU, Sick, Focused Photonics, Emerson Electric Co., Chuanyi Automation, General Electric Co., GE, Cubic Optoelectronic, SDL, Endress+Hauser Management AG, Baif-Maihak Analytical Instrument, Sailhero, Xibi Instrument, Chinatech Talroad, Systech Instruments Ltd and Illinois Instruments Inc., Teledyne Advanced Pollution Instrumentation (TAPI), Testo AG, Enotec GmbH, California Analytical Instruments Inc., Cambridge Sensotec Ltd.

Online gas analyzer is designed to detect & measure the presence of a specific target chemical or chemicals within a gaseous medium. It is mainly used for quantitative purposes, to control the concentration of gas & analyze physical parameters, for instance temperature, concentration, pressure, and flow rate. It is used for safety purposes, when the precise measurement is not critical. It is also used to detect greenhouse pollutants. It helps in improving efficiency & safety and ensuring environmental compliance. It is used to provide essential data in various manufacturing, processing & materials research applications in oil & gas, chemicals, medical and petrochemical industries.

Based on product type, online gas analyzer market is segmented into UV gas analyzer, infrared gas analyzer, thermal conductivity gas analyzer, diode laser gas analyzers and others. Based on technology, market is segmented into zirconia (ZR), Metal Oxide Semiconductor (MOS), laser, electrochemical, non-dispersive IR (NDIR), catalytic, infrared, Photo Ionization Detection (PID), paramagnetic and other technologies. ZR is mainly used to analyze oxygen concentration in food packaging industry, biochemistry labs and clean rooms, where the continuous measurement of flow gases is required. In addition, based on end-use, market is segmented into industrial process control, environmental monitoring, health & medical, agriculture and scientific research. Industrial process control includes chemical, oil & gas, cement & power industries etc.

The online gas analyzer market is driven by growth in technological developments in sensor technologies, followed by innovative analyzers replacing traditional gas analyzers, rise in number of surgical procedures, increase in shale gas & tight oil explorations, rise in number of patient being treated in ICUs, NICUs, & emergency departments, increase in research & development (R&D) efforts, advancement in medical gas analyzers, increase in adoption of NDIR gas analyzers, surge in geriatric population, government legislations & enforcement of industrial health &safety regulations and increase in awareness among the customers regarding the safety hazards of gas leaks & emissions. However, high cost and technical issues may impact the market. Moreover, rise in awareness in industrial, commercial, and residential sectors, green building concept and new technological developments are key opportunities for market.

Based on geography, Japan and China countries hold major share in online gas analyzer market owing to rise in applications of these analyzers in various industries and stringent environmental conservation regulations laid by the governments in the countries. The USA and EU are expected to witness higher growth rate due to increase in technological advancements, for instance wireless communication facilities and sensor technologies over the forecast period.

For more information on the research report, refer to below link:-

Global Online Gas Analyzer Market Research Report

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Asia Pacific Pipe and Valve Market Outlook: Ken Research

The available market players are positively enlarging and establishing the new products, moreover, to the new foreign corporate venturing into the market owing to its growing capabilities. In the present trend, the pipe and valve market in the Asia Pacific region is in its growth stage. The market recorded an effective digit CAGR. The market is positively enlarging owing to the substantial investments in the infrastructural and agricultural projects by the public and the private segment.

Based on the type, in the pipe and valve market, the most broadly utilized plastic pipes are PVC pipes as they are graceful, long-lasting, sturdy and immune to the corrosion. The legal authority’s projects namely the construction of the Mass Rapid Transit and Flyover Roads have augmented the requirement for the PVC pipes in the underdeveloped economies of the Asia Pacific region.

Whereas in the Asia Pacific region, the PE pipes demand more technical knowledge and are not introduced by all the corporates HDPE is the utmost primarily utilized PE pipes as they are broadly utilized in the water supply lines, sewage lines and several others. Additionally, the unplasticized PVC pipes (UPVC) are the utmost primarily utilized PVC pipes across the Asia Pacific region as they are convenient to install and deliver the highest flow rate possible for the transportation of liquids. The CPVC pipes deliver the excellent temperature threshold and chemical opposition and have a reasonable share in the market.

According to the research, it is projected that in the Asia Pacific Pipe and Valve Market there are several key players which presently functioning more actively for leading the fastest market growth, generating the high value of revenue and dominating the high amount of share during the short span of time more enormously while developing the applications of the pipe and valves, decreasing the prices of the pipe and valve, delivering better consumer satisfaction and studying the policies of the respective government include PT Wahana Duta Jaya Rucika, Vinilon Group, Maspion Kencana, PT LanggengMakmurIndustriTbk., Unilon, Pralon, GF Piping Systems Ltd., PT BangunIndopralonSukses and PT Indopipe, Neltex Development Co Inc, Moldex Products Inc, Atlanta Industries Inc, Emerald Vinyl Corporation, Crown Asia Chemicals Corporation, Alasco Vinyl Corporation, GF Piping Systems, Apex Plastic Piping Supply and Service Inc and Tanay Industries Corporation, Iplex Pipelines Pty Ltd, Marley Pty Ltd., RX Plastics Pty Ltd, Asmuss Water Systems Ltd., Hynds Pipe System, and several others.

Although, the organized players have the highest market share. It is predicted thatIplex Pipelines, Emerald Vinyl Corporation, Vinilon Group, Maspion Kencana, PT LanggengMakmurIndustriTbk., Marley, RX Plastics are some of the players in the organized sector of pipe and valve and these corporates manufacture great grade of plastic pipes and fittings. The players in the unorganized market majorly manufacture PVC pipes only and import dissimilar types of pipes and fittings from neighboring regions.

The future outlook of the pipe and valve Market is constructive with an expected market size to increase at a CAGR of single-digit during the forecasted period. It is predicted that the PE pipes will increase at the firmest pace among all the categories of the plastic pipes, owing to the augment in domains where these categories of pipes are utilized in the market. The effective usage of the PVC pipes is predicted to decrease owing to the substitution by other categories of plastic pipes. The domestic producing is anticipated to grow in the coming future. In the case of end-user benefit, the plastic pipes are majorly in plumbing and civil applications along with application in oil and chemical industry are projected to rise at profligate pace among other end-user applications. Therefore, the market for pipes and valves in the Asia Pacific region will increase more significantly over the coming years.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

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Rise in Adoption of Smart Portable Devices Expected to Drive World 2G and 3G Switch off Market over the Forecast Period: Ken Research

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Second Generation or 2G technology is based on the global system for mobile communication (GSM) technology. 2G technology enables various networks to provide services such as picture messages, text messages, and MMS. In this technology, all text messages are numerally or digitally encrypted owing to which only the intended receiver receives message. These digital signals consume fewer battery power, thus it helps in saving the battery of mobiles. Third generation or 3G technology usually refers to the standard of accessibility & speed of mobile devices, which is set by the International Telecommunication Union (ITU). It enables use of many services for instance mobile television, GPS (Global Positioning System), and video conferencing. It provides services with better bandwidth & increased speed. These 2G & 3G technology differ in modulation scheme, technology architecture, protocol stack, and radio frequency. The 3G technology provides a high level of security compared to 2G because of its validation measures during communication.

According to study, “World 2G and 3G Switch Off Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world 2G and 3G switch off market are AT&T, NTT Data Corp., Verizon, Deutsche Telekom AG, Telefonica, China Telecom, America Movil, China Mobile, Orange, KDDI Corp., T-Mobile, China Unicom, AIS, Telus, Bell Canada, Swisscom, Telenor, Korea Telecom, SK Telecom.

Based on type, 2G and 3G switch off market is segmented into natural shutdown, constrained shutdown, government or regulator action, mix of customer less than 2%, negative competitive positioning, reduce investment, anticipated shutdown and positive competitive positioning. Based on technology, market is segmented into 2G technology and 3G technology. In addition, based on application, market is segmented into voice, message, video and data.

The 2G and 3G switch off market is driven by increase in telecom density, followed by easy & cheaper availability of network equipment, higher spectral efficiency of Long-Term Evolution (LTE), rise in demand from small & medium enterprises (SMEs) & various industry verticals, growth in need for high speed data, rise in Internet of Things (IoT) equipment spending, high investments on building network strength and easy availability of skilled labor. However, 5G enabled devices, VOLTE technology, and decrease in cost for services may impact the market. Moreover, the Subject of M2M helps to shape strategies for network shutdown and 4G evolution appears to be a supportable technology for this segment are key opportunities for market. Furthermore, use 2G or 3G modules in the devices and IoT device maker are key trends for market.

Based on geography, Europe holds major share, followed by USA in 2G and 3G switch off market owing to rise in adoption of smart portable devices for instance smart phones & tablets in the corporate & residential sectors in the region. China and South East Asia are expected to witness higher growth rate due to rise in business voice services over the forecast period. The world 2G & 3G switch off market is valued at US $1374000 million in 2018 and is expected to reach US $1795500 million by the end of 2024, growing at a CAGR of approximately 4.6% between 2019 and 2024.

For more information, click on the link below:

Global 2G and 3G Switch Off Market

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249

Changing Dynamics Of The Asia Pacific Lubricant Market Outlook: Ken Research

The Asia Pacific industrial lubricants market across region has stretched its maturity stage, therefore meeting the requirement expectations of every end user industry such as metal production, construction and mining, power generation, food processing, general producing, cosmetics and pharmaceuticals majorly by importing the base oil from the foreign regions and by locally manufacturing lubricants with the region. Over the projected duration, the Asia Pacific industrial lubricants industry positively projected a healthy growth both in the terms of revenues as well as optimization capacity. Moreover, the effective rise in the concerns from the foremost industries related to the safeguarding of machines in order to giver an effective quality of the production has escalated the need for the semi-synthetic and synthetic lubricants in the region.

According to the Asia Pacific lubricant market research reports, there are enormous players which in the recent trend are working more significantly for leading the fastest market growth and dominating the high value of market share during the review period while increasing the applications of the lubricants, developing the production technologies, increasing the productivity of the product, increasing the usage of the product and studying the strategies of respective competitive players includes Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Shell India, Gandhar Lubes, Exxon Mobil, Raj Lubricants, Gulf Petrochem (IPOL), Apar Industries, Balmer and Lawrie, Castrol, Total (Company), Savita Oil, Valvoline cumins, GS Caltex, Gulf Oil Lubricants, Veedol Lubricants (Tide Water Oil), Others (Universal Halwasiya Group – UHG, Chemoleum, Fuch, Kluber, Starol and remaining local manufacturers).

Not only has this, the potential companies in the Asia Pacific region are effective functioning for expanding the business premises, increasing the value of profit, adopting the policies of joint ventures, partnership and mergers and acquisitions which further benefitted for generating the high value of revenue and running the business across the globe.

However, based on the region in the underdeveloped economies such as India, the Mineral oil based lubricants were effectively observed to register the Saudi Arabia lubricant market during the forecast period. These varieties of the lubricants have been attaining the traction in India majorly owing to its economic cost over semi-synthetic and synthetic varieties which are pricier as they demand exceedingly refined base oil and high quality additives that add to cost of manufacture of these lubricants. The lingering market was communally captured by synthetic and semi-synthetic lubricants.

Furthermore, the competition stage in the region’s industrial lubes sector was observed to be ascetically concentrated along with the existence of the foremost PSU OMCs which apprehended over the half of the domestic optimization of the industrial lubricants across the Asia Pacific region during the review period.

Moreover, based on the applications also the usage of increasing more positively across the underdeveloped regions of Asia Pacific lubricant industry economy as the can be positively optimize for the several purposes which include cooking, bio applications, ultrasound examination and several others. The Asia Pacific industrial lubricants market will formulate itself to meet the future requirement predicted to emerge from the substantial investment suggested in major lubricating sectors. Therefore, in the coming years, it is anticipated that the entire market of lubricants market across the Asia Pacific region with the effective amount of investment of the large players over the projection duration.

For more information on the research report, refer to below link:-

Asia Pacific Lubricant Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

UK Used Cars Market is driven by Escalating Finance Providers and Increased Lead Generation through Online Car Portals: Ken Research

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Augmented penetration of the dealers in the online space and the availability of the finance and insurance options over the online portals have driven the growth of used car market in UK.

Key Findings

New cars segment grew at a five year CAGR of 2.0% during the review period 2013 to 2018. Therefore, there has been a steady increase in the number of cars in the UK over the past years driven by increase in the population and more so by the number of households as well increased economic prosperity.

There is a boost in the average used car price during the review period 2013 to 2018, holding a CAGR of around 17.0% in the UK used car space. This contributes towards growth in the Gross Transaction Value (GTV) in the UK used car market.

The total number of car park (vehicles-in-use) grew across the country with a CAGR of approximately 2.0% during 2013 to 2018. This is due to increase in both new and used car sales. In addition, the used to new car ratio has increased from 3.3 in 2013 to 3.4 in the year 2018 owing to the fact that people prefer buying premium range used cars at cheaper rates as compared to brand new cars at expensive rates. 

Increased traffic on online car portals is one of the major growing trends within UK which led to surge in the used car lead generation. This along with the increasing average used car price has a combined effect on UK used car market GTV i.e. Gross Transaction Value

Competitive landscape within the market has evolved with increasing number of used car listings on the online car portals. Major players in the online used car space include Auto Trader, Carsnip, Bristol Street Motors, motors.co.uk, Inchcape and others. Major players in the offline used car space include Pendragon PLC Group, Sytner Group, Lookers Group, Marshall Motors, Vertu Motors, and many others. High consumer spending coupled with large population density has made it favorable for many used car dealers to set up showrooms in the region where the footsteps of the used car dealerships are comparatively less.

With the emergence of multi-brand showrooms and OEM-certified, there will be a wide variety of used car brands and models to choose from the convenience of the customers’ preferences. It was observed that the multi-brand dealers dominate as compared to the OEM-Certified dealers in terms of sales volume in the UK used car market, recording a CAGR of approximately 8% during the review period 2018 to 2023.

Analysts at Ken Research in their latest publication “UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); Kilometers Driven; By Year of Manufacture; and By Car Make)” believed that the used car industry in UK will augment owing to the rising penetration in the online used car portal, increase in organized dealership chains and stringent inspection process. This rise is expected to boost the demand for used cars in the country owing to the increased availability of financing options across the nation. The market is expected to register positive double digit CAGR of 14% in terms of Gross Transaction Value and around 2.5% in terms of used cars during the forecast period 2018-2023.

Key Segments Covered

Market Structure

Organized Sector

By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Unorganized Sector

By Sales Channel (C2C and Local Dealerships)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Type of Used Cars

MPVs / Sedans

Economy / Hatchbacks

SUVs

Kilometers Driven

Less than 5,000 km

5,000-20,000 km

20,000-50,000 km

50,000-80,000 km

80,000-120,000 km

Above 120,000 km

Year of Manufacture

< 2000,

2000-2002

2003-2005

2006-2008

2009-2012

2013-2018

Key Target Audience

Offline Dealers

Online Portal

Organized Multi Brands Dealers

OEM Certified Dealerships

Online Portal

Private Equity and Venture Capitalist

Industry Associations

OEM Manufacturers

Automotive Manufacturers

Car Auction Companies

Time Period Captured in the Report:

Historical Period - 2013-2018

Forecast Period - 2018-2023

Online Companies Covered:

Carsnip

Autovillage.co.uk

Auto Trader Group PLC

Motors.co.uk

Desperate Sellers

Exchange and Mart

Gumtree

Inchcape PLC

Bristol Street Motors

Offline Companies Covered:

Mazda Approved Used Cars

Pendragon PLC Group

Toyota plus Approved Used Cars

Sytner Group

Lookers Group

Marshall Motors

Vertu Motors

Key Topics Covered in the Report

Introduction to the UK Used Car Market

UK Used Car Market Size, 2013-2018

UK Used Car Market Segmentation, 2018

Trends and Developments in UK Used Car Market

Issues and Challenges in UK Used Car Market

Decision Making Process in UK Used Car Market

Customer Pain Points in UK Used Car Market

UK Used Car Auction Market

Online Comparative Landscape in UK Used Car Market

Offline Comparative Landscape in UK Used Car Market

Government Regulations in UK Used Car Market

Business Model in Online Used Car /Market

Working Model in the UK Used Car Market

OLX Used Car Success Story

UK Used Car Market Future Outlook and Projections, 2018-2023

Analyst Recommendation for UK Used Car Market

For information click on the below mentioned link:

UK Used Car Market

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Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249