Turning Debt into Dividends: KSA Debt Collection set to soar to $5.6 Billion by 2026: 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 prospects**” *provides 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*

· Debt Collection Companies
· Law Firm cum Debt Collection Companies

*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*

· Riyadh Province
· Maddah Province
· Eastern Province
· Al Baha Province
· Al Jawf Province
· Northern Borders Province
· Qassim Province
· Ha’il Province
· Tabuk Province
· Aseer Province
· Jizan Province
· Najran Province

*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*

· Real Estate Financing
· Retail Real Estate Financing
· Corporate Real Estate Financing

*Visit this Link :- **Request for custom report*

*Companies Covered*

· Alwasl National Debt Collection Co.
· Alkhorayef Collection
· Future Solutions
· Taswia
· Fuel Collection
· Estrdad Alassol Co. Ltd.
· Marsoom (Sadad)
· Ejada
· Maharah Debt Collection
· Excellent Solutions Co.
· Hololona Company Ltd.
· Qemma
· Hazim Al Madani Law Firm
· Abdullah A. Al Fallaj Law Firm
· Eyad Reda
· Alaskari Law Firm

*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: -*

· *Base Year*: 2021
· *Forecast Period*: 2022-2026F

*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*

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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.

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*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.

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Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
*Ankur@kenresearch.com*
+91-9015378249

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