Increased Installation of Bitcoin ATMs Accelerating Growth Prospects in the ATM Machine Market in Brazil: Technavio Report

Renewable energy


  • The key vendors in the ATM machine market in Brazil 2015-2019 are Diebold, Itautec, NCR and Wincor Nixdorf.

London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the ATM machine market in Brazil 2015-2019.   The top vendors in the ATM market in Brazil are trying to shift the focus on lowering the maintenance costs associated with ATMs. 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. The ATM machine market in Brazil is expected to grow at a CAGR of 18.72% between 2015 and 2019.

         Source: Technavio, 2015

“Many entrepreneurs have started installing bitcoin ATMs in prime locations, which has created many opportunities for customers as well as vendors,” says Faisal Ghaus, Vice President of Technavio Research.

“People are able to deal efficiently with bitcoins with traditional money because the buying and selling of bitcoins is helping owners to generate additional revenue.”

Brazilian banks are very efficient due to the use of SISBACEN (Information Database System) and Brazilian Payments System; also they are supported by the Central Bank of Brazil, which is the equivalent of the US Federal Reserve Bank. This has brought about technological advancements, supervision, and reliability to the interbank operations.

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the ATM Machine Market in Brazil 2015-2019, please send an e-mail to

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