ISS's Brazil Business Examined

**** *** **** ** ****** *** the **** *** ****** ******* **** local ********* *************, ******* * ****** understanding ** *** ******.

** **** **** ** ******* ***'* Brazil ********, ********** *** ** ************'* market ***********, ****** *********, *** ********** within *** ********* ******.

**** ** *** ****** ** * series ** ***** ********* *** ********* businesses ** ******* ***** ************ *************. For ******** ********, ************'* ****** ******** ********,*********'* ****** ******** ********, *********'* ****** ******** ********.

Estimated ****** ***********

*** ******-***** ***,******** ** **** ** ****, *** **** ****** ** ****** for ** ***** *** ********* ******* 13 ** ******, ********* ***** ***** and **********. *** *** *** ****** geographical ***** ** *** ******* *** manufacturer ** ******, **** ****-**** ***** based ***ã* *****,****í***,*********, ***********, ******* ************ **** ** ******'* five ************.

**** ********* **** *** ** ****** behind ******** ** *** ********* *** market, **** ******** *** *****-****** *********'* Seventh *** ***** *** ***** *** manufacturers ** *** *****, ***-********** *** of *** ******** *** ******.

*** ****** *** ****** ******** **** in ****** ** **% ** **** of **** *** **** *** ******** it ** ********* ********* **** ******** for *** *** **** ** ******'* enterprise *** ******. ****** ******** *** ISS, ******* *** *********, ************, ***** out *** ********* ********** *** ******.

******* ** *********** ******* *** *** Digifort—details **** **** ******************, *ã* ********** ***** ************ *** *** ** Digifort ***********:

****** **** *** *********, *** ******* on ***** * "***-**** ****," ********** its ******** ******** **-*****. **********, *** also ***** ********* **** *** ***.

More ******* **** ** ******* *********-******** *** *********

***** *** ** ***** ** *** US, ***'* ***,******* **********, *** **** ** ******, * fact **** ***'* ****** **** ***** as ** ********* *******:

*** *** ***** ********* *****. ******* has ***** ** [****** *******, ******** ********] ***** ******* ** run *** ****** ******** *** * see ***. ** *** **** ********** and **** *** **** *********** *******.

***** ******* ***** ************ ********* ********* employ ***** ***** ** ******, ****** a ********* ***, ********* **********, *** former ***** *** ***** ********* ** staff ******* *** * ****** ******* domestically.

**** ****, ******** *** **-***** ************ claims ******* "** *** *** ****** of ******," * ****** ******** **** ISS's ****** ********** **** **** **** ISS's "********* ******* ** ***** **** the **."

************

*** **** **** **** **** ******** through *** ******* ** ****** *** named *** ****** ************ ****** *************,***** *******, *******,**********,******* *******, ******:

*******

*** ************* ** *** **** ** import * ******** ******* **** ******, therefore, ****** ****** *************, ***** ******** are *** ******* ** *** *******'* high ****** *****.

*** *******, ** ******* ****, *** municipality ** ********, ** *** ***** of **********,******* ****** ************çõ** **** * ************ ******** ** *** ******* ********** licenses, ****** ************ ** *$*,***.** (**$*** at *** **** ******** ****) *** license:

*********, ** ***** ****, *** ************ of ******, ** *** ***** ** Ceará,**** *$*,***.** (**$*** ** *** **** exchange ****) *** ********** ******* **********.

******* ***** ******** ************ ** ******* ** *********'* ******** Corporate, *** *********** ******* ** "**** the **** *********** *******" (*** *****).

** ************ *** "*********** *******" ***** (particularly ** ******** ** *********** ******* and *********), *** ********* ** **** that ** ****** * **** ******* of *** *** **** ******** ** to **** *******. ****** *** **** version, *** ****** **** *** * single *** ******* ****** **** *$***–*,*** (US$23–$1,117). ************, ********* ** ******* ******* and *********, ** ***-**** ***** ** able ** ******** *** ******** *** license *** ** ****** ** *$** (US$17) *** ******. (**** ******* ** substantially ********* **** ***'* ******* ** North *******, **** $** ******** *********** in *** *.*.) ****, ** *** high-end, *** ******** ** ********* ********* in *** *******, ***** ** *** low ***, *** ****** ***** ****** to ***-***** *** ********* ***** **** be **** ** ****** ******** ** Seventh ***.

*** **** ***** **** **** ******** malls ** ******'* ***** *** ********* use *** ******* ******* ************ ******* while ***********, ***** *******, *** *****-**** implementations ***** ****** *** ******** *******, SecurOS ******.

***-*****

*** ***** ********** (*.*. ***** **** implementations) *** ********* ** *** ******* verticals, ** ********* ** **** ******* of ******** *** ***-***** **** *,***+ licenses:

*** **** ******* *** ******** ***** and ********* ** ***** ***-**** **********. An *** *********** ***** **** *** US ************ ** "******" ** *********, particularly ** ********, *** **** ***-***** like *** "**** ***** ** *************." Additionally, **** ***** ******** ******** ** Brazilian ************** *********** ***'* ***.

Success: ******* ** ********

****** *** *** **********, *** **** IPVM "*'* *** ********** ** ******* to * **********," *** ****** **** its ******** *** *** ***** ** the ********* *** ******, **** ***-***** such ** ***********, * ***** ** Porto ****** **** **** ******** *** two ************* ****** ** *** ***** of *****á **** ****

Success: ********* ******* ** **** *** ****, ********* ****** ** ****

***'* ****** ******* ****** **%+ ****** in ***'* ****** ******** **** *** last *** *****:

* ** *** ********** ** ******* exact ******* *******; *******, **** **** to ****, ***** *** **** * assumed *** ******** ** ******** ******** Brazil, ** *** * ****** ** 42.78% *** *** **** **** ** 2020...closed ** **.**%.

************, ** *** ****** ********* ******* that ** ***** **** **** ***-***** of *** ****** *********** ****** ** 2020 *** ** ***** ******* *** in-person ******** **** *******, ***** ** turn *** ** ** ******** ** profit ** ****. (***** ******** ************* also ***** **** * **** ** travel ** **** ********* *******.)

Success: ******** ** ******'* ***** *** *********

** *** ISS ** ******* ********** ******, ********* in *** *******'* ********** ****** ***** and ********* *******, **** ** ***** are ***** ***** ***** ******* ************* such ************************ *********.

** **********, *** ****** **** ***** in *** ************ ***** ** ****á have ****** *** **-***** ************'* ******** in **** *** ****.

Neutral: *********** **** ******* *** *********

*** ********* *** *********** **** ******* and ********* ** ** "*******."

Challenge: **** ** ********

*** *********** ** **** **** ***** is ********* * **** ** ******** in *** ********* *** ****** *** that ************* *** *********** **** *********** their *** ********:

** *** ****, [* ****** ************] would **** ** ** *** *** 'hey, ** *** **** ** *** with ** ** **** *******?' ***, everyone ** ******* ** ******* **** what **** ****, **** *****'* ****** anymore.

Challenge: **** ******* ***********

**** ***** ***** *** ****** *** competitors, * ******** ******** ** * large ********** **** **** **** *** US ************'* ******** ** "**** ********* to *********" *** ** * *** reason *** *** ******* **** *** two ** ***'* *********** ** ***, including ********.

Challenge: ***** ***********

******* * ******-**** ***, *** ***** has *** **** ***** ** ************ with *** *******'* ******** ***********. *** example, *** ******* ** *** **** project *** *ã* *****'* ********* ******* (pictured) ******** ******** ** ********* ****.

*** **** **** **** **** **** in ***** ** *** ******* ***** with ****; *******, *** ****** ** obscure ********* ** ********* ********** ******* procedures **** ******* * *% ***** to ********** ********** "***************" ******* ********** Arcade (*****/*******) ** ******** * ******-***** finish *** *** *** ****** ** the ********.

Challenge: ********* ****** ** *** ******?

*** **** **** *** ****** ********** have ****** *** ** * **** start ** ****, **** *** **-****** Brazil **** ******* ** ***** ***** and ********** ** **** **** *** the **** ** ***.

*** ******** ** *** ****** ****** to **** **** ***** *** ******* workflow ** *****, ** ** **** slightly ******** ** ** ***** ***********. ISS **** **** **** ***** ******* fear *** **** ** * "******," or * ******** ** ******** ** late **** ******** ** * ********* "bust" ******.

Challenge: ***** *** ********* ******* ******

* ***** ******** ************ *** ******* developments ** *** **** **** **** ISS's ******* ******-/****-**** ********* ** ********* against ***** *** ********* ** *** enterprise ******.

** ******** ** **** ** ******* 2021, ***-***** ************* **** ** ***** are ********* ** *** ****** ** Brazil. ********* ** *** ***** ************:

***** *** ********* *** ******* *** entire ********. ****'** ******** * ***** war, * **** ** *** ******.

*** ***** ******** ******** ***** **** one ** ***'* *** ********** ** present ** *** ******** ** *********** with ***** *** ********* *******, * fact ***** **** ** ***** **** enterprise-focused *********** **** ** *******. ** Dahua *** ********* ****** ***** ****** of ******* ******, **** *** **** eventually ** ******** **** *** ** projects **** *** *** *************, ******** the ** ************ ** ***** ******** and ********** ************ **** ****, ******, Bosch, ************, *** ***** ***-***** *********.

**********

***** *** ****** ** **** ******** notable ****** ** **** *** ****, 40%+ ****** ** ************* **** *** long-term *** *** *** **** ****** to ** ********* ***** * ********* "bubble" *****. ***** *** ******** ** customizing *** ******* ** **** *** budgetary *** ********* ***** ** *** clients, *** ********** ***-*****, ******* ********** is ******* *** **** ***** ** Milestone's ******** *********. ** *** ***** integrator *** ******** ********* ***** **** IPVM, *** *** ** ****** *** perceptions **** ** ** "*** ** strong," "**** *********," *** “*** *** market” ******** ** ***** ****** ** it ** ** ******** ********** ********.