You are currently viewing Latin America ATM Services Market to Gain Significant Market Share Due to Increasing Incorporation of Advanced Technology During 2023-2028

Latin America ATM Services Market to Gain Significant Market Share Due to Increasing Incorporation of Advanced Technology During 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Servicios de ATM, Informe y Pronóstico 2023-2028′, ofrece un estudio en profundidad de los factores que configuran positivamente las perspectivas del mercado y examina los aspectos basados en modo de despliegue, tipo, aplicación, y las regiones clave. El informe analiza además las limitaciones y la rivalidad que plantea el mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con el análisis SWOT. Además, se observa el mercado en términos de tendencias últimas y futuras y su impacto en el algoritmo. El estudio se encarga de la investigación en profundidad, que abarca los indicadores de precios y los actores del mercado, demostrando los impactos en la dinámica y el panorama del mercado.

The new report by Informes de Expertos titled, ‘Latin America ATM Services Market 2023-2028’, offers an in-depth survey of the factors positively shaping the market outlook and examines the aspects based on deployment mode, type, applications, and key regions. The report further analyses the limitations and rivalry posed in the market, based on Porter’s Five Forces models, along with SWOT analysis. Furthermore, the market is observed in terms of latest and future trends and their impact on the algorithm. The study is responsible for the in-depth research, encompassing the price indicators and market players, by demonstrating the impacts on market dynamics and landscape.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 5,10%

El mercado latinoamericano de servicios de cajeros automáticos está prosperando gracias a la innovación y el desarrollo tecnológico, como las transacciones sin tarjeta. Algunas de las otras innovaciones que están aumentando la demanda incluyen la asistencia de cajeros por vídeo, la comunicación habilitada para 4G, la tecnología de nube de experiencia omnicanal y los escáneres biométricos. Además, el rendimiento del sector de servicios de cajeros automáticos depende de las interacciones con los clientes, la accesibilidad y la garantía de sistemas que cumplan la normativa. Como resultado, el mercado ha alcanzado un valor de 2,5 mil millones de dólares en 2021.

Con la rápida expansión de las instalaciones de cajeros automáticos y el avance tecnológico están ampliando claramente la tasa de adopción de servicios de cajeros automáticos subcontratados en las economías emergentes como Brasil. El mercado es bien conocido por su reciente ola de fusiones y adquisiciones, ya que los proveedores buscan formas de maximizar su capacidad de servicio para satisfacer las necesidades de los principales clientes. Debido al creciente conocimiento por parte de los consumidores del posible ahorro de costes, el mercado se ve impulsado principalmente por el uso de servicios de cajeros automáticos externalizados.

Industry Definition and Major Segments

ATM service provides services related to deposit automation, self-service ATMs, cardless transactions, and other such services. and are responsible for the optimum increase in revenue and traffic from the ATM with the help of functioning through machines. These ATM machine aid consumer in the transfers, withdrawals, and deposits, among others.

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By deployment model, the market can be divided into:

• Onsite ATMs
• Offsite ATMs
• Work Site ATMs
• Mobile ATMs

In terms of type, the market can be classified as follows:

• Conventional/Bank ATMs
• Brown Label ATMs
• White Label ATMs
• Smart ATMs
• Cash Dispensers

Some of the major application in the industry include:

• Withdrawals
• Transfers
• Deposits
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Chile
• Others

Market Trends

As more mergers and acquisitions, particularly in the banking sector, are gaining momentum in emerging economies, consumer expectations for advanced ATM services are rising in the Latin America region. As a result, in the next years, it is anticipated that this would create profitable prospects for suppliers of ATM-managed services to diversify and enhance their current portfolio. Additionally, the availability of cash 24 hours a day, seven days a week, as well as the availability of fund transfer and bill payment options, are boosting demand for ATMs worldwide.

Technologically advanced ATMs now have an additional security layer owing to the inclusion of upgraded security measures like fingerprint, biometric, and double authentication. This is expected to help reduce fraud and promote ATM adoption. The widespread use of ATMs has been fueled by the simple flow of cash, a growing number of transactional benefits, simple withdrawal, rapid and efficient service, and the viability of offline purchasing, which favourably reflects on the encouraging growth prospects of the industry.

Key Global Market Players

The major players in the market are:

• NCR Corporation
• Cardtronics, Inc.,
• Diebold Nixdorf, Incorporated
• Euronet Worldwide Payment Alliance International
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us:

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.