UAE Debt Collection Market Outlook to 2027

1. UAE Debt Collection Market is in the Growing Stage, Driven byChanging IT Policies and Documentation and Rise in Awareness Due to the COVID-19 Pandemic among the Population: Ken Research 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. 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. Interested to Know More about this Report, Request for a sample report 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.

2. 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 bySegment 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

3. 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 Inforcreditworld.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

4. 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

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