UAE ATM Managed Services Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How UAE ATM Managed Services Market Is Positioned? UAE ATM managed services market witnessed growth due to increase in ATM penetration, increase in value and volume of ATM withdrawals and improved liquidity in the market from 2013 to 2018. The total number of ATMs have increased from 2013-2018 at a CAGR of %. The market is currently concentrated to one company in managed services and two companies in ATM supply. Profitability associated with ATM managed services is highly correlated with factors such as branch expansions, introduction of new breed of ATM machines such as cash recyclers, multifunction ATMs & biometric ATMs, improvement in customer retention schemes, maintaining recurring clients by exceeding the service level agreement and having diversified services portfolio offered by well trained professionals. Currently, ATMs operate as cost centres in UAE as Banks incur losses. UAE ATM Managed Services market has grown from AED ~Million in 2013 to AED ~Million in 2018, at a CAGR of ~%. ~, ~ and ~ are the three main players in ATM Managed Services Market. The ATM Supply market has been analyzed to be AED ~ Million in 2018. To learn more about this report Download a Free Sample Report The number of ATMs in UAE has increased to ~ as of 31st December, 2018 from ~ as of 31st December, 2013 experiencing a moderate YOY decline of ~% during 2017-2018. The growth in ATMs can be attributed to an increase in bank branches, from 2013-2016. Thereafter, a slowdown in growth of ATMs was witnessed due to declining bank branches. Similarly, the number of bank branches has decreased from ~ in 2013 to ~ in 2018. This decline in bank branches was witnessed due to merger of major banks which led to reduction of branches and ATMs to reduce costs. Total cash in circulation has increased AED ~ Billion in 2013 to AED ~ Billion in 2018.The value of transactions through ATMs has increased from AED ~ Billion in 2013 to AED nearly AED ~ Billion in 2018, at a CAGR of ~%. The volume of ATM transactions have increased from ~ Million 2013 to nearly ~ Million in 2018, at a CAGR of ~%. UAE ATM Managed Services Segmentation By Location (Off-Site and On-Site ATMs) In Off-site ATMs, the right of ownership of the ATM machine remains with the banks and rest other management services such as cash replenishment, transaction processing, first and second line maintenance, site maintenance and security are being outsourced to the managed service providers. Generally, in UAE, banks outsource their off-site ATMs managed services to single or multiple vendors as it makes their margin on profitability higher. ATMs which are operating under this category generally deployed where there are no bank branches. By Type of Services (Cash Management, ATM Maintenance, ATM Supply) Cash management services have contributed the highest share in the ATM Managed Service category in UAE. Transguard has a near monopoly over the cash management services for banks in UAE. Brinks Cash Logistics is a far second competitor with a % market share. Cash management companies charge approximately AED for Off-Site ATMs and AED for On-Site ATMs on a monthly basis for providing a bundle of services including cash replenishment, CIT, cash processing, cash vaulting, etc. However, the final cost depends on the basis of number of trips, location of the ATM, number of ATMs replenished, among others. Snapshot On ATM Supply Market Of UAE The revenue from ATM Supply market in UAE amounted to AED ~ Million in the year 2018, with sales of about ~ ATMs during 2018. Competitive Scenario Of UAE ATM Managed Services Market The market in the ATM Supply Market in UAE is completely concentrated between two companies, NCR and Diebold Nixdorf. NCR is the market leader in UAE followed by Diebold Nixdorf. Two manufacturers Diebold and Wincor merged to form Diebold Nixdorf. There are two major companies in UAE supplying ATM Machines namely NCR and Diebold Nixdorf. NCR is the market leader in the ATM supply segment with a ~% market share while the remaining ~% & share is held by Diebold Nixdorf. Companies operating into ATM supply segment compete on the basis of following factors. Pricing of the ATM is the major factor that distinguishes vendors from each other. In UAE, banks generally buy ATM machines once or twice a year in bulk. The machine comes with a warranty of ~ year. Charges for second line maintenance and first line maintenance are waived off during this period. The average life of an ATM machine is expected to be ~ years. A basic ATM machine generally cost AED ~. For More Information on the research report, refer to below link: UAE ATM Managed Services Market Related Reports Indonesia 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 & Others- Journal Management & ATM Reconciliation), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others – Cash Processing, Cash Vaulting & Cash Forecasting). 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 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) Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: ATM Growth Opportunities in UAE, ATM Industry Market UAE, ATM Managed Service Growth Drivers, ATM Managed Service Providers UAE, ATM Managed Service Trends, ATM outsourced by Banks in UAE, ATM sellers in UAE, ATM Vendors in UAE, ATMs managed by managed service providers in UAE, ATMs outsourced by NCB Bank in UAE, ATMs outsourced by Riyadh Bank, ATMs sold in UAE in 2018, Cash Dispensers in UAE, Cash management companies in UAE, Cash Recyclers in UAE, Cash-in-transit companies in UAE, Challenges UAE ATM Managed Service, Competition in UAE ATM Managed Service, Diebold Nixdorf Market Share UAE, Investment in ATM in UAE, Major ATM Suppliers UAE ATM, Mobile ATMs market in UAE, NCR ATM Sales Market UAE, NCR Market Share UAE, Number of ATMs in UAE, Off-site ATMs in UAE, On-site ATMs in UAE, Profiles of Cash Management Companies Providers UAE, Profiles of Major Managed Service Providers UAE, Regulations UAE ATM Managed Service, Success Factors UAE ATM Managed Services, Transguard Cash Replenishment Revenue UAE, UAE ATM cards, UAE ATM Competition, UAE ATM Contract, UAE ATM Expenses, UAE ATM Industry Growing, UAE ATM investment, UAE ATM Maintenance Market, UAE ATM Managed Service Future, UAE ATM Managed Service Market Analysis, UAE ATM Managed Service Market Revenue, UAE ATM managed service outsourcing, UAE ATM Managed Service Segment Revenue, UAE ATM Managed Services Industry, UAE ATM Managed Services Industry Research Report, UAE ATM Managed Services Market, UAE ATM Managed Services Market Application, UAE ATM Managed Services Market Forecast, UAE ATM Managed Services Market Future Outlook, UAE ATM Managed Services Market Growth, UAE ATM Managed Services Market Key Players, UAE ATM Managed Services Market Overview, UAE ATM Managed Services Market Research, UAE ATM Managed Services Market Research Report, UAE ATM Managed Services Market Revenue, UAE ATM Managed Services Market Sales, UAE ATM Managed Services Market Segmentation, UAE ATM Managed Services Market share, UAE ATM Managed Services Market Size, UAE ATM Managed Services Market Value, UAE ATM Market Forecast, UAE ATM Market Revenue, UAE ATM Repair and Maintenance Market, UAE ATM Service Market, UAE Cash Management Companies, UAE Cash Management Service Market, UAE Cash Management Service Market Analysis, UAE Cash Processing Market, UAE Cash Replenishment Market, UAE Cash-in-transit Market, UAE Second Line Maintenance Market, أبحاث سوق الخدمات المدارة من قبل أجهزة الصراف الآلي بدولة الإمارات العربية المتحدة, إيرادات سوق الخدمات المدارة لأجهزة الصراف الآلي في دولة الإمارات العربية المتحدة, الإمارات العربية المتحدة أجهزة إدارة سوق الخدمات المدارة, الإمارات العربية المتحدة صناعة الخدمات المدارة, القيمة السوقية للخدمات المدارة من أجهزة الصراف الآلي بدولة الإمارات العربية المتحدة, تجزئة سوق الخدمات المدارة في أجهزة الصراف الآلي بدولة الإمارات العربية المتحدة, تطبيق سوق الخدمات المدارة في دولة الإمارات العربية المتحدة, تقرير أبحاث سوق الخدمات المدارة عبر أجهزة الصراف الآلي في دولة الإمارات العربية المتحدة, توقعات سوق الخدمات المدارة للصراف الآلي في الإمارات, حجم سوق الخدمات المدارة للصراف الآلي في الإمارات, سوق الخدمات المدارة لأجهزة الصراف الآلي في دولة الإمارات العربية المتحدة, مستقبل سوق الخدمات المدارة من قبل أجهزة الصراف الآلي في الإمارات العربية المتحدة, نطاق سوق الخدمات المدارة في أجهزة الصراف الآلي بدولة الإمارات العربية المتحدة, نظرة عامة على سوق الخدمات المدارة في الإمارات العربية المتحدة, نمو سوق الخدمات المدارة في أجهزة الصراف الآلي في دولة الإمارات العربية المتحدة