UAE Debt Collection Market Outlook to 2027: ken research

1. UAE Debt Collection Market is Expected to Reach More Than AED 5Bn by 2027 Owing to Rise in digital collection techniques and Improvement in UAE legal system related to debt collection, bankruptcy and insolvency: Ken Research UAE Debt Collection Market Ecosystem Tahseel, First Solution Management Service are the market leaders in UAE Debt Collection Market; the market is highly fragmented consisting of many players. The UAE Debt Collection Market is composed of many players which are operating across the borders and not just within the UAE. Key Market Findings: Digital collections are being extensively used which leverages analytics to make the process more efficient. Collection agents are being trained to equip them with latest technology and to adept them to various consumer situations for providing more feasible solutions. The industry is slowly becoming more customer-centric in its approach. Interested to Know More about this Report, Request for a sample report IT Policies and Proper Documentation: Companies are maintaining proper documentation and proof for all debt provided by them to corporates and individuals. This makes it much easier for debt

2. collection agencies to recover the debt in case of a default both amicably and legally as well through payment order method. Collection companies which provide settlement plans to debtors have start taking post-dated cheques as a proof for future payment. Changing IT policies require companies to maintain complete confidentiality of client information due to threat of data breach. All this factors will provide more growth to collection industry. Emphasis on NLP Techniques: Collection agencies are extensively using various speech analytics tools to record and analyse customer conversations. This enables to maintain security and gain insights into client expectations. In addition, the information gathered can further be used for training of employees adapting them to different situations while negotiating and hence, improving their performance which would act as a key growth driver for debt collection companies. Favorable 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 provides safety for debtors and changes the shape of debt collection industry. Ultimately, act as catalysts for the industry. 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

3. 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 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

4. 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 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

5. 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 Related Reports by Ken Research: – KSA Debt Collection Market Outlook to FY’2026