GCC Cash Management Services Market Overview: 2025-2030

Base Year: 2024

Historical Years: 2020-23

Forecast Years: 2025-30

The GCC Cash Management Services Market is likely to reach USD 109 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.62% during the forecast period, i.e., 2025-30. The GCC cash management services market has been flourishing due to the rising demand for ATM installations and cash transactions. There has been a significant rise in the number of ATMs in countries such as Saudi Arabia, the UAE, and Qatar. As per the Saudi Arabian Monetary Authority (SAMA), the usage of ATMs has risen majorly in 2023 with more than 17000 ATMs available. It emphasizes the need for improved and more effective cash management services to restock the ATM with adequate cash for patronage. Considering the new developments in electronic payment methods, the number of cash transactions remains vital in the GCC, particularly in the rural and underdeveloped regions, where people still prefer cash payments. As per the UAE’s Central Bank, in 2024, cash remained dominant in the country’s retail transactions, majorly in the tourism and retailing sub-sectors.

Markntel Advisor’s GCC Cash Management Services Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Cash Management Services Market drivers, barriers, GCC Cash Management Services Market Trends, and Key Players in GCC Cash Management Services Market.

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GCC Cash Management Services Market Driver: 2025-2030

Increased ATM Usage for Cash Transactions– The increase in ATM usage for cash transactions in the GCC region is majorly due to a combination of government initiatives, growing financial inclusion, and consumer preferences. However, cash holds an important position as one of the transaction mediums even in the context of the increasing role of electronic payments, for instance, in KSA, the UAE, and Qatar. As per the Saudi Arabian Monetary Authority (SAMA) automated teller machine’s cash withdrawals remain a large part of retail purchases, particularly for urban and semi-urban areas. As per the UAE Central Bank, ATM usage increased constantly as the aggregate number of ATMs operating in the UAE increased by 15%, reaching 4,669 ATMs by the end of 2024. It is because cash is assumed to be the fastest, secure, and most accepted mode of payment. This increases the demand for cash. As a result, the demand for cash management services also increased to ensure the smooth functioning of machines by timely refilling, maintenance, and cash optimization. Furthermore, the GCC Central Bank is highly focused on ensuring that cash remains available and accepted across the GCC region. The ATMs help support population highly dependent on cash to do transactions in these areas. These developments highlight the ongoing need for effective ATM cash management services to ensure the availability and security of cash across the region.

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GCC Cash Management Services Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Type

o   Hardware & Software Maintenance & Upgrades- Market Size & Forecast 2020-2030F, USD Million

o   Managed Services- Market Size & Forecast 2020-2030F, USD Million

o   24/7 Incident & Helpdesk Management- Market Size & Forecast 2020-2030F, USD Million

o   ATM Monitoring- Market Size & Forecast 2020-2030F, USD Million

o   Site Identification & Preparation- Market Size & Forecast 2020-2030F, USD Million

o   Cash Management- Market Size & Forecast 2020-2030F, USD Million

o   Reconciliation- Market Size & Forecast 2020-2030F, USD Million

o   Cash Optimization- Market Size & Forecast 2020-2030F, USD Million

·       By End-User

o   Banks- Market Size & Forecast 2020-2030, USD Million

o   Independent ATM Deployers- Market Size & Forecast 2020-2030, USD Million

·       By Country

o   The UAE

o   Saudi Arabia

o   Qatar

o   Kuwait

o   Bahrain

o   Oman

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Cash Management Services Market:

• Fab bank
• Trans Guard Group
• Cash Trans Group
• BRINKS
• Sanid
• Mashreq AI Islami
• ABANA
• NCR Atleos
• Emirates Royal Group
• RAKBANK
• Emirates NBD
• SAB
• Others

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