Forecast: Number of ATMs in Brazil

The number of ATMs in Brazil has shown a fluctuating trend from 2013 to 2023, standing at 179.34 thousand units in 2023. From 2013 to 2017, the market faced a decline, with a significant drop of 2.54% in 2017. However, starting from 2019, there has been a gradual recovery, highlighted by a year-on-year increase since 2019, with a slight rise of 0.3% in 2023. The average annual growth rate over the last five years (CAGR) has been 0.43%.

Moving forward, the forecast indicates stable, albeit modest, growth, with a forecasted average annual growth rate (CAGR) of 0.22% from 2024 to 2028, leading to a predicted increase to 181.9 thousand units by 2028. This projection suggests a period of stability and slight expansion in the number of ATMs in Brazil over the next five years.

Future trends to watch for include the continued evolution of digital banking solutions, the impact of fintech innovations, and potential shifts in consumer behavior towards cashless transactions, which may influence the demand for physical ATMs.