#UAE Debt Collection Market Ecosystem

[kenresearch1]

UAE Debt Collection Market is Expected to Reach More Than AED 5Bn by 2027 Owing to Rise in digital collection techniques and Improvement in UAE legal system related to debt collection, bankruptcy and insolvency: Ken Research

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UAE Debt Collection Market Ecosystem

Tahseel, First Solution Management Service are the market leaders in UAE Debt Collection Market; the market is highly fragmented consisting of many players. The UAE Debt Collection Market is composed of many players which are operating across the borders and not just within the UAE.

 Key Market Findings:

Digital collections are being extensively used which leverages analytics to make the process more

Collection agents are being trained to equip them with latest technology and to adept them to various consumer situations for providing more feasible solutions.

The industry is slowly becoming more customer-centric in its approach.

Interested to Know More about this Report, Request for a sample report

IT Policies and Proper Documentation: Companies are maintaining proper documentation and proof for all debt provided by them to corporates and individuals. This makes it much easier for debt collection agencies to recover the debt in case of a default both amicably and legally as well through payment order method. Collection companies which provide settlement plans to debtors have start taking post-dated cheques as a proof for future payment. Changing IT policies require companies to maintain complete confidentiality of client information due to threat of data breach. All this factors will provide more growth to collection industry.

Emphasis on NLP Techniques: Collection agencies are extensively using various speech analytics tools to record and analyse customer conversations. This enables to maintain security and gain insights into client expectations. In addition, the information gathered can further be used for training of employees adapting them to different situations while negotiating and hence, improving their performance which would act as a key growth driver for debt collection companies.

Favorable Changes in UAE Legal System: The new legal system at UAE makes it possible to recover debts via court in merely within 7 days if all the documents are readily available. The new Bankruptcy law also provides safety for debtors and changes the shape of debt collection industry. Ultimately, act as catalysts for the industry.

Analysts at Ken Research in their latest publication- “UAE Debt Collection Market Outlook to 2027- Characterized by fierce competition and high growth prospects” by Ken Research provides a comprehensive analysis of the potential of the debt collection market in UAE. Rise in digital collection techniques and increasing use of AI and ML for recovery predictions are expected to contribute to the market growth over the forecast period.

UAE debt collection market is expected to grow at a robust CAGR over the forecasted period 2022-2027.

Key Segments Covered

Segmentation by Segment

Non-Finance

Finance

Insurance

Segmentation by Type of Firm

Debt Collection Agency

Law Firm

Segmentation by Age of Firm:

0 to 10 yrs

10 to 20 yrs

20 to 30 yrs

Segmentation by Geographical Presence

Abu Dhabi

Dubai

Fujairah

Sharjah

Ajman

Umm Al-Quwain

Ras Al-Khaimah

Sub-segmentation of insurance segment & financing segment

Sub-segmentation of insurance segment:

Motor & Transportation

Property/Fire

Liability & Others

Sub-segmentation of financing segment:

Real State

Personal

Financial institution

Services

Manufacturing

Trade

Others

Visit this Link :- Request for custom report

Key Target Audience

Existing Debt Collection Companies

Law Firms

Financing Companies

Non-Financing Companies

Insurance Companies

Debt Collection & Management software providers

Government Agencies

Finance Consultants

Others

Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022–2027

Companies Covered:

SUPPLY SIDE:

Debt Collection Companies

Tahseel

CMS

Aman Debt Collection

First Solution

Credit Recovery

AW Holding

Bilkish

Derby Group of Companies

Alpha Debt Collection

Fort Equity

Quick Action

ATDC

com

ALQADA

Law firms/Debt Collection

Taswiyeh

ASKTHELAW

HHS LAWYERS

DUBAI DEBT RECOVERY

STA

AE

AL ROWAAD

AL SAFAR

BIN EID

Regulatory Bodies and Judiciary

Central Bank of the UAE

Judicial Department

DEMAND SIDE:

Insurance companies

Etihad Credit Insuranc

Atradiuse

CIGNA

COFACE

PACIFIC PRIME

MetLIFE

ACE

Emirates RE

Financing companies

Emirates NBD

ADCB

DUBAI FIRST

Mashreq

Commercial Bank of Dubai

Dubai Islamic Bank

HSBC

RAKBANK

ADIB

FAB

CITYBANK

Non-Finance companies

Etisalat

Emircom

Etihad Water and Electricity

Abu Dhabi Distribution Companies

Emaar

Nakheel

Lufthansa

Choithrams

Asian Paints

Majid UL Futaim

Naseej

Key Topics Covered in the Report                            

Global Debt Collection Market Overview

Ecosystem of UAE Debt Collection Market – Demand and Supply Side

Value Chain Analysis – Amicable Settlement and Litigation Settlement

Market Size and Segmentation of Debt Collection Industry in UAE, 2017-2022

UAE Debt Collection Market Industry Analysis

Software used in UAE Debt Collection Market

Market Shares of Major Debt Collection Companies in UAE on the basis of Debt Collected, 2022

Competitive Analysis

Future Outlook and Projections, 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

UAE Debt Collection Market Outlook to 2027

Related Reports by Ken Research: –

KSA Debt Collection Market Outlook to FY’2026

[sandraps]

debt collection agency in Dubai

In the financial ecosystem, debt collection services in Dubai are essential since they help companies keep their cash flows stable and lower their bad debts. Dubai, a major international center for trade and business, sees a wide variety of commercial dealings. But collecting past-due payments is a burden that comes with large transaction volumes. By providing specialized services to recover unpaid sums effectively and professionally, debt collection firms fill this need.

Future Aspects of Debt Collection in Dubai

The debt collection industry in Dubai is poised for growth due to:

Technological Advancements: AI and data analytics will enhance tracking, prediction, and recovery processes.

Legal Evolution: With ongoing updates to UAE’s legal framework, debt recovery procedures are becoming more streamlined and transparent.

Market Expansion: The rise of SMEs and startups in Dubai will increase the demand for professional debt collection services.

International Outreach: Dubai’s global business appeal means agencies are likely to handle cross-border debt recovery, expanding their scope.

In conclusion

For the corporate sector to remain financially stable, debt collection services in Dubai are essential. Their expert services guarantee prompt debt recovery, enabling companies to prosper in a cutthroat industry. The industry has a bright future as long as it adopts technology and adjusts to changing consumer demands. Working with a trustworthy debt collection service is not only essential, but also a calculated step to ensure financial stability in Dubai's thriving economy.

[businessertreter]

Rapid Growth Of Debt Collection Management Software Market Is Projected To Grow High CAGR Till 2028 | Experian, CDS Software, Comtronic Systems

The recent research report on the Global Debt Collection Management Software Market 2022-2028 explains current market trends, possible growth rate, differentiable industry strategies, future prospects, significant players and their profiles, regional analysis, and industry shares as well as forecast details. The detail study offers a wide range of considerable information that also highlights the importance of the foremost parameters of the world Debt Collection Management Software market.

Market Is Expected to Reach Rise At A CAGR Of 10% During The Forecast Period

(Exclusive Offer: Flat 30% discount on this report)

Click Here to Get Free Sample PDF Copy of Latest Research on Debt Collection Management Software Market 2022 Before Purchase:

https://www.theresearchinsights.com/request_sample.php?id=489518&mode=V004

Top Key Players are covered in this report:

Experian, CDS Software, Comtronic Systems, Quantrax Corp, ICCO, Totality Software, Comtech Systems, CODIX, SeikoSoft, Decca Software, Collect Tech, Click Notices, Codewell Software, SPN, Adtec Software, JST, Indigo Cloud, Pamar Systems, CollectMORE, Kuhlekt, Lariat Software, Case Master, TrioSoft, LegalSoft

On the Basis of Product, the Debt Collection Management Software Market Is Primarily Split Into

·         On-Premises

·            Cloud Based

On the Basis of End Users/Application, This Report Covers

·         Collection Agencies

·            Finance Companies

·            Retail Firms

·            Law Firms & Government Departments

·            Others

·          

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico

-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe

-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC

-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America

-The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

Major Highlights of the Debt Collection Management Software Market report study:

·         A detailed look at the global Debt Collection Management Software Industry

·         The report analyzes the global Debt Collection Management Software market and provides its stakeholders with significant actionable insights

·         The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates

·         The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process

·         The study includes data on Debt Collection Management Software market intelligence, changing market dynamics, current and expected market trends, etc.

·         The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global Debt Collection Management Software market

·         Market Ecosystem and adoption across market regions

·         Major trends shaping the global Debt Collection Management Software market

·         Historical and forecast size of the Debt Collection Management Software market in terms of Revenue (USD Million)

SPECIAL OFFER: AVAIL UP TO 30% DISCOUNT ON THIS REPORT:

https://www.theresearchinsights.com/ask_for_discount.php?id=489518&mode=V004

Market Segment Analysis:

The Debt Collection Management Software Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.

Browse Full Report at:

https://www.theresearchinsights.com/reports/global-debt-collection-management-software-market-growth-2022-2028-489518?mode=V004

The Research covers the following objectives:

– To study and analyze the Global Debt Collection Management Software consumption by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2026.

– To understand the structure of Debt Collection Management Software by identifying its various sub-segments.

– Focuses on the key global Debt Collection Management Software manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in the next few years.

– To analyze the Debt Collection Management Software with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

– To project the consumption of Debt Collection Management Software submarkets, with respect to key regions (along with their respective key countries).

Report Customization:

Debt Collection Management Software, the report can be customized according to your business requirements as we recognize what our clients want, we have extended 25% customization at no additional cost to all our clients for any of our syndicated reports.

In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.

Our research and insights help our clients in identifying compatible business partners.

Note: All of the reports that we list have been tracking the impact of COVID-19 on the market. In doing this, both the upstream and downstream flow of the entire supply chain has been taken into account. In addition, where possible we will provide an additional COVID-19 update report/supplement to the report in Q3, please check with the sales team.

About us:

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Contact Us:

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Contact number: + 91-996-067-0000  

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[gmiresearch]

Mobile Money Market Research Report

Global Mobile Money Market

The GMI Research forecasts that the Mobile Money Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rapidly rising non-cash protects technological innovations and increasing implementation of mobile devices.

Request for a Free Sample Report on Mobile Money Market

Introduction of the Mobile Money Market:

Mobile money or mobile wallet is a technology that permits individuals to store, receive, and disburse money with e help of a mobile phone application. It is a substitute for both bank and cash because it is easy to secure and can be used anywhere where a mobile phone signal is available.

Key Players of the Global Mobile Money Market:

·         Google LLC

·         PayPal Payments Private Limited

·         Fiserv, Inc

·         Gemalto NV

·         Amazon.com, Inc

·         Orange SA

·         Mastercard International Incorporated

·         Bharti Airtel Ltd

·         Alipay.com

·         Apple Inc.

Mobile Money Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The prominent reasons responsible for the growing prominence of the global money market include the accelerating number of mobile subscribers, ongoing technological modernizations, and augmenting implementation of digital payment-business models. Also, some other factors such as customer requirements, managerial compliances, and surging measures by the Government of several regions to promote a cashless economy are driving the money market size. In addition, rapid digitalization has disturbed the functioning of the banking and financial sectors. Various organizations have introduced eccentric business models to influence the existing banking income. Moreover, the lucrative cashback discounts proffered at the time of payment by mobile wallets are gaining more propulsion among consumers. Almost all mobile wallets provide the option of storing all information, including discount, reward, debt, and credit card information which makes transactions much more convenient for customers.

The primitive demand for the establishment of a digital payment ecosystem was created by technological and e-commerce companies. Several leading players, including Apple Inc., Amazon.com Inc., have passed the initial stage and are now enlarging their prevalence across multiple territories. For instance, Alipay, a digital payment gateway set up by Alibaba.com, is used to expedite payment between sellers and buyers by curbing barriers such as low penetration of credit cards and lack of trust. Moreover, the acquisition of digital platforms allows mobile money providers to safeguard their services and persuade associations between mobile money companies to frame a diverse and engaged user base. Thus, the robust demand for digital platforms is stimulating market growth. However, the growing apprehension concerned with data safety may hamper the market growth.

Mobile Money Market Segmentation:

Segmentation by Transaction Mode

 ·         Point of Scale

·         Mobile Apps

·         QR Codes

·         Internet Payments

·         SMS and STK/USSD Payments

Segmentation by Nature of Payment

 ·         Person to Person

·         Person to Business

·         Business to Person

·         Business to Business

Segmentation by Application

 ·         Money Transfers

·         Bill Payments

·         Airtime Transfers and Tops-Ups

·         Travel & Ticketing

·         Merchandise & Coupons

Segmentation by Payments

 ·         Remote Payments

·         Proximity Payments

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

[kenresearch1]

UAE Debt Collection Market is in the Growing Stage, Driven by Changing IT Policies and Documentation and Rise in Awareness Due to the COVID-19 Pandemic among the Population: Ken Research

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The Collection Industry in UAE peaked right before and during the pandemic. Increased amount of lending along with rising defaults presents great opportunities for debt collection.

Covid Led Growth: COVID-19 pandemic bough certain challenges for debt collection agencies in terms of worsening the financial situation of debtors leading them to refuse paying their debts. However, it made the public more aware about the existence of debt collection services which motivated them to fulfil their debt obligations. Pandemic also increased the number of default accounts bringing more business for collection agencies and inducing growth.

Rise in Digital Collections: Debt Collection companies used to rely on phone-calls to make recoveries which led to terrible customer experience and wastage of time. Digital collections are being extensively used which leverages analytics to make the process more efficient and act as catalysts for the industry.

Interested to Know More about this Report, Request for a sample report

Growing focus on Regulatory Compliance: Debt Collection companies have started to place more focus on complying with all regulations for a better customer service. They are maintaining proper documents, getting cheques as proof for future payment and amending the penalty terms.

Changes in UAE Legal System: The new legal system at UAE makes it possible to recover debts via court in merely within 7 days if all the documents are readily available. The new Bankruptcy law also provided safety for debtors and changed the shape of debt collection industry.

Analysts at Ken Research in their latest publication- “UAE Debt Collection Market Outlook to 2027- Characterized by fierce competition and high growth prospects” by Ken Research provides a comprehensive analysis of the potential of the debt collection market in UAE. Rise in digital collection techniques and increasing use of AI and ML for recovery predictions are expected to contribute to the market growth over the forecast period.

UAE debt collection market is expected to grow at a robust CAGR over the forecasted period 2022-2027.

Key Segments Covered

Segmentation by Segment

Non-Finance

Finance

Insurance

Segmentation by Type of Firm

Debt Collection Agency

Law Firm

Segmentation by Age of Firm:

0 to 10 yrs

10 to 20 yrs

20 to 30 yrs

Segmentation by Geographical Presence

Abu Dhabi

Dubai

Fujairah

Sharjah

Ajman

Umm Al-Quwain

Ras Al-Khaimah

Sub-segmentation of insurance segment & financing segment

Sub-segmentation of insurance segment:

Motor & Transportation

Property/Fire

Liability & Others

Sub-segmentation of financing segment:

Real State

Personal

Financial institution

Services

Manufacturing

Trade

Others

Visit this Link :- Request for custom report

Key Target Audience

Existing Debt Collection Companies

Law Firms

Financing Companies

Non-Financing Companies

Insurance Companies

Debt Collection & Management software providers

Government Agencies

Finance Consultants

Others

Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022–2027

Companies Covered:

SUPPLY SIDE:

Debt Collection Companies

Tahseel

CMS

Aman Debt Collection

First Solution

Credit Recovery

AW Holding

Bilkish

Derby Group of Companies

Alpha Debt Collection

Fort Equity

Quick Action

ATDC

com

ALQADA

Law firms/Debt Collection

Taswiyeh

ASKTHELAW

HHS LAWYERS

DUBAI DEBT RECOVERY

STA

AE

AL ROWAAD

AL SAFAR

BIN EID

Regulatory Bodies and Judiciary

Central Bank of the UAE

Judicial Department

DEMAND SIDE:

Insurance companies

Etihad Credit Insuranc

Atradiuse

CIGNA

COFACE

PACIFIC PRIME

MetLIFE

ACE

Emirates RE

Financing companies

Emirates NBD

ADCB

DUBAI FIRST

Mashreq

Commercial Bank of Dubai

Dubai Islamic Bank

HSBC

RAKBANK

ADIB

FAB

CITYBANK

Non-Finance companies

Etisalat

Emircom

Etihad Water and Electricity

Abu Dhabi Distribution Companies

Emaar

Nakheel

Lufthansa

Choithrams

Asian Paints

Majid UL Futaim

Naseej

Key Topics Covered in the Report                            

Global Debt Collection Market Overview

Ecosystem of UAE Debt Collection Market – Demand and Supply Side

Value Chain Analysis – Amicable Settlement and Litigation Settlement

Market Size and Segmentation of Debt Collection Industry in UAE, 2017-2022

UAE Debt Collection Market Industry Analysis

Software used in UAE Debt Collection Market

Market Shares of Major Debt Collection Companies in UAE on the basis of Debt Collected, 2022

Competitive Analysis

Future Outlook and Projections, 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

UAE Debt Collection Market Outlook to 2027

Related Reports by Ken Research

KSA Debt Collection Market Outlook to FY'2026