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

“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.

Request Covid - 19 Impact

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

• 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)