ATM Machine Market in Brazil 2015-2019
ATM Machine Market in Brazil – Market Analysis 2015-2019
This report segments the ATM machine market in Brazil by revenue generated and the unit shipment. It also includes the competitive analysis of key vendors, including Itautec S/A, NCR Brazil, Diebold Brazil and Wincor Nixdorf Brazil.Market scope of the ATM machine market in Brazil
Technavio’s market research analyst predict that the ATM machine market in Brazil will continue to grow at CAGR of 18.72%. The key growth drivers in this market are the participation of government in new sharing deals. Brazilian government is strongly committed to strengthening the transparency of government actions, by fostering the democratic ideals with the participation of the citizens in decision making and improving public services and use of upgraded technology for more openness. Brazilian banks are very efficient due to the use of SISBACEN (Information Database System) and Brazilian Payments System and on the other hand it is supported by the Central Bank of Brazil which is equivalent of the US Federal Reserve Bank. This has brought about technological advancements, supervision and reliability to the interbank operations.
Competitive landscape and leading companies in the ATM machine market in Brazil
Over the last decade, ATMs were considered to be a source of the cash dispenser. But with lot of technological advancements of the banking and financial institutions, it has become a definite advantage for the customers which has made convenient way to handle huge number of transaction including withdrawal of funds and deposits to be made in the accounts, and enquiring the balance updates. Countries like India, China and Brazil, are witnessing tremendous growth opportunity in the ATM market. The recent technological advancements are bill payment, travel booking, and mobile ATMs. There has been an increase in the automation and security standards which will boost the growth of ATM market. ATM industry will bring in new avenues for the customers that can be continuously explored for revenue opportunities and customer relationship services. Key vendors are targeting Convenience stores, gas stations and even fast-food chains for installing the ATMs on their premises. Many nonbank ATMs that are located at different places are typically lacking in depositories and this in turn is saturating the landscape with cash dispensing machines in this region.
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The leading companies in the ATM machine market in Brazil are -
Technavio Announces the Publication of its Research Report – ATM Machine Market in Brazil 2015-2019
Technavio recognizes the following companies as the key players in the ATM Machine Market in Brazil: Itautec S/A, NCR Brazil, Diebold Brazil and Wincor Nixdorf Brazil.
Other Prominent Vendors in the market are: Perto, Hitachi-Omron Terminal Solutions Corp., Fujitsut and Oki.
Commenting on the report, an analyst from Technavio’s team said: “The top vendors in the ATM market in Brazil are trying to shift the focus on lowering the maintenance costs associated with ATMs. However, the products are being developed with high-levels of operating efficiency. Top vendors like Diebold are focusing on the green energy mode in terms of power and energy savings, easier installation, and simpler maintenance. One of the most potential competitive advantages is the quality of the underlying ATM software.”
According to the report, many financial institutions have introduced innovative functionality and revenue-generating services via the ATM channel. This has led to change in the competitive growth of ATMs. Customers always focus on three things ‒ convenience, efficient services, and availability of cost-saving measures. This would provide a better customer experience like transaction personalization, and envelope-less deposits
Further, the report states that huge costs are incurred to run and manage an ATM business. Many regulatory upgrades like the unique keys, ADA compliance, triple DES, and software upgrades to mask card numbers in journal receipts have been added to the increased expenses incurred by IADs. ATMs no longer in compliance with government regulations must be upgraded, or must be replaced entirely.
Itautec S/A, NCR Brazil, Diebold Brazil, Wincor Nixdorf Brazil, Perto, Hitachi-Omron Terminal Solutions Corp., Fujitsut, Oki.
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