The KSA cash management services market was valued at USD 55.58 million in the previous year and is expected to witness a CAGR of 2.03% to reach a market value of USD 63.37 million by the next five years. The market is studied based on the revenue generated from key market vendors' cash management services. The country experienced a significant decrease in cash withdrawals as individuals moved to cashless payments to avoid physical interaction with ATMs. With the reduction in cash withdrawals, the income of ATM managed and operator service providers has been significantly affected.
The KSA Cash Management Services Market is moderately fragmented, with the presence of major players like SAB, NCR Corporation, Al Fareeq Security Services, ABANA Enterprises Group Co., and APSG. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their solutions offerings and gain sustainable competitive advantage.
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