KSA Debt Collection Companies | KSA Debt Collection Market Trend – 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 Overview: NPLs (Non-Performing Loans) by Saudi banks as a percentage of total gross loans have witnessed a steady rise over the last five years thereby creating a market opportunity for debt collection companies catering to the financing segment. Debt collection companies strongly prefer to resolve debt collection matters without going to court. However, all collection companies have partnered with law firms to resolve cases through litigation. To learn more about this report Download a Free Sample Report Market: The Debt Collection market in KSA is expected to grow at a double-digit CAGR between FY ’21 and FY ’26 with new entrants facing fierce competition from the existing major players. Motor Insurance claims has the highest percentage share among net claims incurred by insurance companies in KSA. The major source of revenue for debt collection companies is the commission charged on recovered amount. By Segments Financing segment accounted for majority of debt collected, however, the non-finance segment has major share in total number of cases settled. With a low-ticket size of SAR 4,000, Non-finance segment have major share in total number of cases settled. With high ticket size of SAR 18,000, financing segment has low share in total cases settled. By Geography Cities of Riyadh, Jeddah and Dammam are the major geography from where debt is collected in KSA. By Type of Firm Debt Collection Firms have majority share in terms of amount of debt collected as well as number of cases settled as compared to Law firm cum Debt Collection Companies. By Age of Firm Relatively mature companies (12 years – 17 years) have highest share in debt collection as well as cases settled; likely due to recurring contracts from existing clientele. By Sub-segmentation of Insurance Motor insurance within insurance segment have majority share in terms of total debt collection & number of cases settled. By Sub-segmentation of non-Finance Telecommunication services and Utilities are the major sub-segments for debt collection within the non-finance segment. By Sub-segmentation of Finance Real estate within non-finance segment has majority share in terms of total debt collection & number of cases settled. Competitive Landscape The market is fragmented with presence of a large number of debt collection companies and law firms. The existing players in the market are majorly headquartered in the cities of Riyadh, Jeddah and Dammam. These companies vary largely on the basis of collection agents, Lawyers, number of employees. Apart from debt collection services, companies also provide credit reporting/business advisory as value-added services to meet client requirements. There exists a moderate threat of new entrants as they have to overcome various challenges like licensing requirements, capital requirements, access to a network of collection agents and lawyers, etc. However, as offerings of existing players are not much differentiated, new players can enter the market with competitive pricing and spending on marketing campaign. Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk2 What Is the Future of KSA Debt Collection Market? The Debt Collection Market in Saudi Arabia is anticipated to grow at a positive double digit CAGR for the period FY’21-FY’26F. Future Trend: Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years. For more information on the research report, refer to below links: Establishing A Debt Management Office in KSA Tags: Challenges in Debt Collection KSA, Corporate Real Estate Financing Saudi Arabia, Debt Capital Markets in Saudi Arabia, Debt Collection & Management software providers KSA, debt collection agencies in KSA, Debt Collection Agency in Riyadh, Debt Collection in Saudi Arabia, Debt Collection industry in Saudi Arabia, Debt Collection Laws in Saudi Arabia, Debt collection Market in KSA, Debt Collection Services in Saudi Arabia, Debt Collection Software companies, Debt Collection Software Market, Debt Management Office in KSA, debt management policies in Saudi Arabia, debt recovery in Saudi Arabia, Establishing A Debt Management Office in KSA, Existing Debt Collection Companies in KSA, Finance companies Saudi Arabia, Finance Consultants in Saudi Arabia, Financing Companies in KSA, Insurance Companies in KSA, Insurance Companies in Saudi Arabia, Insurance companies in Saudi Arabia Non-finance companies Saudi Arabia, Insurance companies Saudi Arabia, international debt collection platform in KSA, KSA Debt Collection Companies, KSA Debt Collection Industry, KSA Debt Collection Market, KSA Debt Collection Market Segmentation, KSA Debt Collection Market trend, KSA Debt Financing Market, KSA leading Debt Collection law firms, Law Firm cum Debt Collection Companies in KSA, Law firms in KSA, Law Firms in Saudi Arabia, Leading Players in KSA Debt Collection Industry, local law firms in Debt Collection KSA, Major Players in Debt Collection Market, new entrants in KSA Debt Collection Market, Non-finance companies Saudi Arabia, Non-Financing Companies in KSA, Real Estate Financing in Saudi Arabia, Retail Real Estate Financing Saudi Arabia, Saudi Arabia Debt Collection Companies, Saudi Arabia Debt Collection Law Firm, Saudi Arabia Debt Collection Market