Turning Debt into Dividends: KSA Debt Collection set to soar to $5.6 Billion by 2026: Ken Research

Ken Research

Ken Research

The report covers 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.

Gurugram, India, March 15, 2023 (GLOBE NEWSWIRE) —

  • Incumbent debt collection companies have brand identification and customer loyalties. This forces new entrants to differentiate their product offerings and find an effective positioning, which often requires marketing resources beyond their means.

  • Debt Collection Firms have majority share in terms of amount of debt collected as well as number of cases settled as compared to the Law firms.

  • There exists high competition in the non-finance segment due to low entry barriers, however, the market opportunity in this segment is also quite huge. This segment includes clients from all major sectors like telecommunications, utilities, etc.

Increase in Tendency to outsource debt collection: Due to the improvement in recovery rate, companies are increasingly outsourcing the collection of their debt/account receivables. Moreover, companies want to focus on their core activities by outsourcing debt collection to third parties. Thus, there is a considerable increase in the tendency to outsource the in-house process of debt collection especially in the multinational companies.

Fierce Competition:- 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 are also providing 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.

The report titled KSA Debt Collection Market Outlook to FY’2026 – characterized by fierce competition and high growth prospectsprovides a comprehensive analysis of the potential of the Debt Collection industry in Saudi Arabia. The report covers various aspects including the current debt collection scenario and status in KSA, market size on the basis of debt collected, number of cases settled and revenue, market share of debt collection companies, Market segmentation by the segments, by type and age of firm, by sub-segmentation of insurance, finance and non-finance segment. Major trends and developments, issues and challenges, government regulations, competition landscape and cross comparison. The report concludes with case studies, analyst recommendations and key market opportunities.

Key Segments Covered in KSA Debt Financing Market:-
By Segments

  • Insurance

  • Financing

  • Non-Finance

By Type of Firm

By Age of Firm

  • 2-7 years

  • 7-14 years

  • 12-17 years

To learn more about this report Download a Free Sample Report

By Geography

By Sub-Segment of Insurance Segment

  • Motor

  • Property/Fire

  • Accident & Liability

By Sub-Segment of Non-Finance Segment

  • Commercial and Professional Services

  • Consumer Services

  • Energy

  • Food & Beverages

  • Real Estate Management and Development

  • Telecommunication Services

  • Transportation

  • Utilities

By Sub-Segment of Finance Segment

Visit this Link :- Request for custom report

Companies Covered

Key Target Audience

Time Period Captured in the Report: –

Key Topics Covered in the Report

  • How is the Debt Financing Market positioned in KSA?

  • Overview of Insurance, financing and non-finance sector in KSA

  • KSA Debt Collection Market Ecosystem

  • Growth Drivers, Trends and Developments in the market

  • Government Regulations

  • Porter’s Five Forces Analysis for KSA Debt Collection Market

  • Market Size and Segmentation, 2021-2026F

  • Competitive Landscape of KSA Debt Collection Industry

  • Cross Comparison of Major Players using fundamental, operating model, clientele, geography and service offering parameters

  • Case study & Analyst Recommendations

  • Research Methodology

For more insights on the market intelligence, refer to below link:-
KSA Debt Collection Market

Related Reports By Ken Research:-
Brazil Cards and Payment Market Outlook to 2027F- By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATM’s), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)

According to Ken Research estimates, the Brazil cards and payment market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to digitalization and the growth in the volume of high-net-worth individuals. There is marvelous potential, with almost two-thirds of adult consumers holding a debit card and Pix having proven a world beater in terms of mass market uptake. Cards are Brazil’s favored e-commerce payment method and are used to complete well over half of all online transactions.

Germany Remittance Market Outlook to 2027F- By Flow Type (Inbound and Outbound), by Application (Consumptions, Savings, Investments), and By Channels Used (Banking Channel, MTOs, M-Wallets and Others)

According to Ken Research estimates, the Germany Remittance Market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to the increased internet and smartphone penetration, rising digital platforms for fund transfer and government initiatives. The increase in adoption of banking and financial services and the growing penetration rate of the internet and smartphones are driving more and more people to switch to digital platforms for fund transfer. The inbound remittance market is dominated by branch pick-ups and mobile & online transactions equally followed by prepaid cards in terms of remittance transaction volume.

KSA Fintech Market Outlook to 2027- Driven by the government regulations and initiatives and the growing adoption of technology among the residents

According to Ken Research estimates, the KSA Fintech Market – which grew at a CAGR of 25.5% in the period of 2017-2022P – is expected to grow at a CAGR of 18.5% in the forecasted period of 2023F-2027F, owing to the New Government Initiatives and Rising Service Verticals. Payments and Currency Exchange is the largest Segment in the KSA Fintech Market followed by Lending and Finance, Personal Finance and Private Fundraising. KSA Fintech Market is still evolving with investment driving the growth of the industry and fintech players still attracting funds in order to launch more innovative services in the market.

KSA Personal Finance Market Outlook to 2026F- Driven by Growing Digitalization and Increased Consumption Needs

The Personal Finance Market in KSA is in the growth stage, being driven by banks and NBFCs and introduction of Fin-Tech companies. With new entrants, strict changes in policies can be seen related to insolvency and other parameters. With the growing number in working women population, digitalization of personal financing and supportive government policies, the market is expected to grow over the next 4 years. According to Ken Research estimates, the KSA Personal Finance Market is expected to grow at a CAGR of 15.7% in the forecasted period of 2022-2026F, owing to the New Government Policies under Vision 2030 and New Players in the Market.

Follow Us –
LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth

CONTACT: Contact Us:- Ken Research Private Limited Ankur Gupta, Director Strategy and Growth Ankur@kenresearch.com +91-9015378249