
Middle East & Africa ATM Outsourcing Services Market By Process (ATM Monitoring Outsourcing, ATM Operation Outsourcing, ATM Full Outsourcing and Others), By Application (In-bank Mode, Off-bank Mode) and By Regions - Global Forecast to 2030
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find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Analysis
- Data Validation
- Final Projections and Conclusion
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“Middle East & Africa ATM Outsourcing Services Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The Middle East & Africa ATM outsourcing services market has been segmented on the basis of process, application, as well as regions and countries.
The Middle East & Africa ATM Outsourcing Services Market was valued at UЅD $498.9 Мn in 2020, and is projected to achieve a valuation of UЅD $691.3 Мn by 2030, at a САGR of 3.8%.
Overview:
ATM outsourcing is a business process delegation to a partner under the conditions defined in advance. ATM outsourcing includes the following: ATM renting, hardware & software maintenance, ATM monitoring & reporting, as well as ATM lifecycle management.
Dynamics:
The robust expansion of numerous financial/banking institutions across these regions has resulted in the increased deployment of ATMs accordingly. This is a primary factor that is expected to continue to fuel the revenue growth of the Middle East & Africa ATM outsourcing services market over the next decade. Moreover, the stable GDP growth of the various countries in this region is expected to have a positive effect on the banking sector, thereby leading to an increase in the deployment of ATM services. This is also a factor that is slated to result in more opportunities for market growth in the coming years.
Furthermore, the gradual increase in the usage of credit/debit cards, as well as the steady increase in the disposable incomes of the individuals that populate this region are other primary factors that are anticipated to further augment revenue growth for the Middle East & Africa ATM outsourcing services market in the near future.
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The Middle East & Africa ATM outsourcing services market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the higher costs of operations that must be borne by respective banks in the region in order to manage various ATM outsourcing services is also a factor that may hinder the revenue growth of the Middle East & Africa ATM outsourcing services market in the near future.
Nevertheless, the incorporation of various technological innovations such as additional built-in cameras, facial recognition software, skimming devices protection safeguards, etc., by the key market players operating in this region is another major factor that is expected to improved usage rates, thereby fueling revenue growth for this market in the coming years.
Segmentation of the Middle East & Africa ATM Outsourcing Services Market is as follows:
In terms of process, the ATM full outsourcing segment accounted for the maximum number of revenue shares of the Middle East & Africa ATM outsourcing services market in 2020, and this segment is expected to continue doing so over the next decade. The ATM operation outsourcing segment is also anticipated to index a high CAGR over the forecast period.
On the basis of application, the off-bank mode segment accounted for the maximum number of revenue shares of the Middle East & Africa ATM outsourcing services market in 2020, and this segment is slated to continue doing so over the next 10 years. The in-bank mode segment is also anticipated to register a high CAGR over the forecast period.
Regional Segmentation and Analysis:
The rest of MEA segment accounted for the maximum number of revenue shares of the Middle East & Africa ATM outsourcing services market in 2020, and is indicative of retaining its respective market position over the next decade. The market in UAE is also anticipated to index a high CAGR over the course of the forecast period.
Segmentation of the Middle East & Africa ATM Outsourcing Services Market:
Segmentation by Process:
- ATM Monitoring Outsourcing
- ATM Operation Outsourcing
- ATM Full Outsourcing
- Other Outsourcing Services
Segmentation by Application:
- In-bank Mode
- Off-bank Mode
Segmentation by Regions:
- Saudi Arabia
- United Arab Emirates
- Rest of GCC
- South Africa
- Israel
- Turkey
- Rest of Middle East & Africa
Particular Scope Region - North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$ -
- Hitachi Ltd.
- G4S Plc
- NCR Corporation
- Hyosung Corporation
- Euronet Worldwide Inc.
- Arabian Security & Safety Services Company Ltd.
- Transguard Group LLC
- Alhamrani Universal (AU)
- Network International Holdings Plc (Emirates NBD Group Company)
- APSG Group
- ABANA Enterprises Group Co.
- Saudi Financial Support Services Company (SANID)
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- Chapter 1 Middle East & Africa ATM Outsourcing Services Market Overview
- 1.1 Introduction
- 1.2 Middle East & Africa ATM Outsourcing Services Market Segmentation
- 1.3 Drivers for Middle East & Africa ATM Outsourcing Services Market
- 1.4 Restraints for Middle East & Africa ATM Outsourcing Services Market
- 1.5 Opportunities for Middle East & Africa ATM Outsourcing Services Market
- 1.6 Trends for Middle East & Africa ATM Outsourcing Services Market
- 1.7 Future Outlook of Major Economies in Middle East & Africa
- 1.8 Saudi Arabia
- 1.8.1 Economic and Demographic Indicators, 2013–2023
- 1.8.2 Saudi Arabia GDP composition by Sector, 2018
- 1.9 Turkey
- 1.9.1 Turkey Economic and Demographic Indicators, 2013–2023
- 1.9.2 Turkey GDP composition by Sector, 2018
- 1.10 United Arab Emirates
- 1.10.1 United Arab Emirate Economic and Demographic Indicators, 2013–2023
- 1.10.2 United Arab Emirates GDP composition by Sector, 2018
- 1.11 Nigeria
- 1.11.1 Nigeria Economic and Demographic Indicators, 2013–2023
- 1.11.2 Nigeria GDP composition by Sector, 2018
- 1.12 South Africa
- 1.12.1 South Africa Economic and Demographic Indicators, 2013–2023
- 1.12.2 South Africa GDP composition by Sector, 2018
- 1.13 Israel
- 1.13.1 Israel Economic and Demographic Indicators, 2013–2023
- 1.13.2 Israel GDP composition by Sector, 2018
- 1.14 Iran
- 1.14.1 Iran Economic and Demographic Indicators, 2013–2023
- 1.14.2 Iran GDP composition by Sector, 2018
- 1.15 Egypt
- 1.15.1 Egypt Economic and Demographic Indicators, 2013–2023
- 1.15.2 Egypt GDP composition by Sector, 2018
- 1.16 Qatar
- 1.16.1 Qatar Economic and Demographic Indicators, 2013–2023
- 1.16.2 Qatar GDP composition by Sector, 2018
- 1.17 Kuwait
- 1.17.1 Kuwait Economic and Demographic Indicators, 2013–2023
- 1.17.2 Kuwait GDP composition by Sector, 2018
- 1.18 Number of ATM in Middle East & Africa, 2012–2018
- 1.19 Macro-economic Factors
- 1.20 PEST Analysis
- 1.21 PORTER'S Five Forces Analysis
- 1.22 Opportunity Map Analysis
- 1.22.1 Optimistic Scenario
- 1.22.2 Likely Scenario
- 1.22.3 Conservative Scenario
- 1.23 Opportunity Orbits
- 1.24 Market Investment Feasibility Index
- 1.25 Regional Market Share and BPS Analysis of MEA ATM Outsourcing Services Market
- Chapter 2 MEA ATM Outsourcing Services Market Overview
- 2.1 MEA ATM Outsourcing Services Market by Process
- 2.1.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Process (2013-2029)
- 2.1.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Market Share by Process in 2019
- 2.1.3 MEA ATM Outsourcing Services Market Attractiveness Analysis by Process, 2013–2029
- 2.2 MEA ATM Outsourcing Services Market by Application
- 2.2.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Application (2013-2029)
- 2.2.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Market Share by Application in 2019
- 2.2.3 MEA ATM Outsourcing Services Market Attractiveness Analysis by Application, 2013–2029
- 2.3 MEA ATM Outsourcing Services Market Outlook by Region
- 2.3.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Region (2013-2029)
- 2.3.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Market Share by Region in 2019
- 2.3.3 MEA ATM Outsourcing Services Market Attractiveness Analysis by Region, 2013–2029
- 2.4 MEA ATM Outsourcing Services Market Outlook (2013-2029)
- 2.4.1 MEA ATM Outsourcing Services Revenue (US$ Mn) (2013-2020)
- 2.4.2 MEA ATM Outsourcing Services Revenue (US$ Mn) (2021-2029)
- 2.5 MEA ATM Outsourcing Services Revenue (US$ Mn) by Regions
- 2.5.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Region (2013-2020)
- 2.5.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Region (2021-2029)
- 2.6 MEA ATM Outsourcing Services Revenue (US$ Mn) by Process
- 2.6.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Process (2013-2020)
- 2.6.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Process (2021-2029)
- 2.7 MEA ATM Outsourcing Services Revenue (US$ Mn) by Application
- 2.7.1 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Application (2013-2020)
- 2.7.2 MEA ATM Outsourcing Services Revenue (US$ Mn) Comparison by Application (2021-2029)
- 2.8 MEA ATM Outsourcing Services Y-o-Y Growth Rate Comparison 2014–2029
- 2.8.1 MEA ATM Outsourcing Services Y-o-Y Growth Rate by Region
- 2.8.2 MEA ATM Outsourcing Services Market Y-o-Y Growth Rate by Process
- 2.8.3 MEA ATM Outsourcing Services Y-o-Y Growth Rate by Application
- 2.9 MEA ATM Outsourcing Services Share Comparison 2014–2029
- 2.9.1 MEA ATM Outsourcing Services Share by Region
- 2.9.2 MEA ATM Outsourcing Services Market Share by Process
- 2.9.3 MEA ATM Outsourcing Services Share by Application
- 2.1 MEA ATM Outsourcing Services Market by Process
- Chapter 3 Middle East & Africa ATM Outsourcing Services Market Competitive Landscape
- 3.1 Overview of Major Players in Middle East & Africa ATM Outsourcing Services Market
- 3.2 Market Competition Scenario Analysis
- 3.3 Company Profile
- 3.3.1 Hitachi Ltd.
- 3.3.1.1 Company Overview
- 3.3.1.2 Business Description
- 3.3.1.3 Service Portfolio (Hitachi Payment Services Pvt. Ltd.)
- 3.3.1.4 Key Financials
- 3.3.1.5 Key Developments
- 3.3.1.6 SWOT Analysis
- 3.3.2 G4S plc
- 3.3.2.1 Company Overview
- 3.3.2.2 Business Description
- 3.3.2.3 Services Portfolio
- 3.3.2.4 Key Financials
- 3.3.2.5 Key Developments
- 3.3.2.6 SWOT Analysis
- 3.3.3 NCR Corporation
- 3.3.3.1 Company Overview
- 3.3.3.2 Business Description
- 3.3.3.3 Services Portfolio
- 3.3.3.4 Key Financials
- 3.3.3.5 Key Developments
- 3.3.3.6 SWOT Analysis
- 3.3.4 Hyosung Corporation
- 3.3.4.1 Company Overview
- 3.3.4.2 Business Description
- 3.3.4.3 Service Portfolio (Hyosung TNS)
- 3.3.4.4 Key Financials
- 3.3.4.5 Key Developments
- 3.3.5 Euronet Worldwide, Inc.
- 3.3.5.1 Company Overview
- 3.3.5.2 Business Description
- 3.3.5.3 Services Portfolio
- 3.3.5.4 Key Financials
- 3.3.5.5 Key Developments
- 3.3.5.6 SWOT Analysis
- 3.3.6 Arabian Security & Safety Services Company
- 3.3.6.1 Company Overview
- 3.3.6.2 Business Description
- 3.3.6.3 Service Portfolio (AMNCO Cash & Precious Metals in Transit)
- 3.3.7 Transguard Group LLC
- 3.3.7.1 Company Overview
- 3.3.7.2 Business Description
- 3.3.7.3 Services Portfolio
- 3.3.7.4 Key Financials
- 3.3.8 Alhamrani Universal
- 3.3.8.1 Company Overview
- 3.3.8.2 Business Description
- 3.3.8.3 Service Portfolio
- 3.3.9 Network International Holdings Plc (Emirates NBD Group Company)
- 3.3.9.1 Company Overview
- 3.3.9.2 Business Description
- 3.3.9.3 Services Portfolio
- 3.3.10 APSG Group
- 3.3.10.1 Company Overview
- 3.3.10.2 Business Description
- 3.3.10.3 Service Portfolio
- 3.3.11 ABANA Enterprises Group Co.
- 3.3.11.1 Company Overview
- 3.3.11.2 Business Description
- 3.3.11.3 Services Portfolio
- 3.3.12 Saudi Financial Support Services Company
- 3.3.12.1 Company Overview
- 3.3.12.2 Business Description
- 3.3.12.3 Services Portfolio
- 3.3.1 Hitachi Ltd.
- Chapter 4 Methodology and Data Source
- 4.1 Methodology/Research Approach
- 4.1.1 Market Size Estimation
- 4.2 Market Breakdown and Data Triangulation
- 4.3 Data Source
- 4.3.1 Secondary Sources
- 4.3.2 Primary Sources
- 4.1 Methodology/Research Approach
- Chapter 5 About Us
- 5.1 Who we are:
- Chapter 6 Disclaimer
- Chapter 1 Middle East & Africa ATM Outsourcing Services Market Overview
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