Market Entry - EDC (Electronic Data Capture) Machine Market in Angola: Analysis of Growth, Trends and Progress (2016 - 2021)

Market Entry - EDC (Electronic Data Capture) Machine Market in Angola: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

In the past decade, significant changes were observed in how people pay for products and services. Consequently, a tremendous shift took place towards paperless transactions and credit transfers, cheques and cards became the most popular payment channels. The growth drivers were the debit and credit card transactions, followed by the prepaid card transactions. Aiming at consumer convenience, card issuers and banks are taking locally strategized steps to introduce new technologies to increase market penetration. With banks migrating to EMV (Europay cards, MasterCard and Visa) cards the security levels shall be enhanced, leading to increased usage of cards. The entry of foreign multinationals in developing nations, after consolidating market presence in markets of origin (North America, Europe, and other developed regions) have led to rising competition in developing nations; focusing on operational innovation in marketing and pricing strategies to attract customers across segments. In the past five years, growth in banking and financial institutions had an imperative effect on the economic development of the country. Today, banks have become customer-centric and are focusing on having a good relationship with the customer in order to increase their footprint in the market. In the era of smart money, there has been a shift in trend towards a cashless society. Rapid technological advancement and growing demand for cashless transaction have led to robust growth for EDC machines in the country.

About the Geography

Angola is in the Southwest part of Africa. It is a presidential republic rich in hydrocarbon and mineral resources. Angola is the fourth largest recipient of foreign direct investment in Africa with a high growth potential in construction and tourism sectors. It is one of the fastest growing economies and has a large population, making it the third largest market in sub-Saharan Africa.


It has good trade relations with China, France, the Netherlands, and the USA, which have helped the country to diversify its economy outside the oil & gas sector. The government is also trying to improve the business climate and is favorable to foreign direct investment by giving companies the right to incentives as local businesses. However, the lack of infrastructure, skilled workers, a poor financial system, weak judicial system, heavy bureaucracy, and corruption discourage foreign companies from investing in the country. Also, the government laws promote requiring investors to partner with local businesses deter investors.

Component Name

Unit

GDP (USD billion)

103

GDP Annual Growth Rate

4.9

GDP Per Capita

4153

Unemployment Rate

26

Inflation Rate

39.44

Consumer Price Index (CPI)

153

Interest Rate

16

Loans to Private Sector (USD billion)

21.972

Balance of Trade (USD billion)

3.002

Business Confidence

-34

Ease of Doing Business

181

Competitiveness Rank

140

Corruption Rank

163

Bank Lending Rate (Consumers)

15.97

Corporate Tax Rate

30

Sales Tax Rate

10

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of EDC (Electronic Data Capture) Machine Market (USD millions)

                4.1 By Terminal for transaction

                4.2 By End user

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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