The report titled “Middle East and Africa ATM Market Outlook to 2015” provides a comprehensive analysis on the total number of ATM terminals installed, total number of ATM cards issued, total number of ATM cash withdrawal transactions, total ATM cash withdrawals, top banks in respective countries in terms of total ATM holdings in that country. The report also discusses major trends and developments in the ATM market, company profile of top hardware and software players, government regulations in respective countries and several alternative payment methods (credit cards, debit cards and POS terminals) across various countries.
The future projections included in the report provide an insight on the prospects in the Middle East and Africa and country-wise ATM market. The report covers a detailed coverage on Middle East and Africa region encompassing Saudi Arabia, Turkey, Israel, UAE and South Africa.
Middle East & Africa
The Middle East market is growing well and is estimated to grow profoundly over the coming years. Iran is a strongly growing market in this region. Its omission from the western financial system aided in being affected less during times of economic crisis. The country is expected to drive the growth of the Middle East region in the coming years. The total number of ATMs installed in the Middle East and Africa region has grown from ~ thousand in 2006 to ~ thousand in 2011 at a 5 year CAGR of ~%. The total number of ATM cards issued in this country clocked ~ million in 2011 by growing at a CAGR of ~% from 2006.
The market in Middle East and Africa has showcased a marginal growth from ~% global market share in 2006 to ~% market share in 2011. The growth prospects of Middle East and the untapped African market would continue to fuel the ATM market in this region.
Al Rajhi Bank is the world’s leading Islamic bank and has a network covering over ~ branches, over 100 dedicated ladies branches, above ~ ATM’s, ~ POS terminals installed throughout the kingdom of Saudi Arabia. Their Saudi business model is Sharia-compliant adhering to the Islamic banking principles. This bank is the largest FI in Saudi Arabia.
Riyad Bank is the second largest bank in Saudi Arabia in terms of the total number of ATM terminals installed in that country holding ATM market share of ~% via ~ ATMs. The bank has a network of network of over ~branches with ~ ladies sections and ~ self service electronic branches.
Turkey is expected to offer bright prospects for growth in this market which is evident by the ongoing developments and innovations in the ATM market of the country. The total number of ATMs in this country is expected to grow from ~ million in 2011 to ~ million in 2015 at a 4 year CAGR of ~%. The total number of ATM cards issued in Turkey is expected to grow at a CAGR of ~% from 2011 to clock ~ million in 2015.
The total number of ATM terminals installed in UAE grew from ~ thousand in 2006 to ~ thousand in 2011 at a 5 year CAGR of ~%. The total count of ATM cards issued in UAE grew at a CAGR of ~% from ~ million in 2006 to ~ million in 2011. The ATM market in the country has also been driven by the tourism industry.
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Middle East and Africa ATM Market Outlook to 2015
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