The vending industry is undertaking a sea-change using intelligent systems technologies to install touch-enabled screens and remote management software to go far beyond just dispensing food and drinks.An intelligent vending machine is one that has an LCD screen for interaction and large table top office vending service machines that have enough surface area to support 6 to 14 inch LCD screens possibly.The integration of features such as face recognition and voice that enables communication between vending machine and consumer is stimulating the industry growth forecasts. These features add intelligence to the systems by sensing and responding to users and offer visual experience with interactive promotions. Intelligent dispensing systems aid in gaining information regarding consumer behavior and preferences. Interactive LCD displays enable vendors to generate more revenue through the display of advertisements and loyalty programs.Office vending systems are expected to increase drive as they facilitate employees to take a quick snack in between breaks without the need of placing an order and waiting for it to be processed.
Intelligent Vending Machines Market: Market Dynamics
Increased government regulations, increased user interactivity, mobile payment options, reduced operating costs, adoption of computing technology, remote management, payment flexibility, improved energy efficiency, software flexibility and adoption of IoT in retail vending, etc. are the drivers of Intelligent vending machines market
Growing application of strict rules prohibiting sales of junk food increased rental space costs for the installation of these machines, low operating margins and security issues are the restraints affecting the growth of intelligent vending machines market.
Cashless payment using near-field communications technology as there is increasing consumer preference toward cashless payments and adoption of LCD displays and telemetry systems is the latest trend in intelligent vending machines market.
Intelligent vending machines market segmented by type, application, technology and region. By type, intelligent vending machines market segmented into beverages, snacks, commodity and others. Based on application, intelligent vending machines market segmented into fast food restaurant, shopping malls, retail stores, public transport, airport, hospitals, hotels, railway station, schools, and business center. By technology, intelligent vending machines market segmented into cashless systems, telemetry systems and voice recognition.
Intelligent Vending Machines Market: Competition Landscape
Few prominent players in Intelligent Vending Machines market include Crane Co.,Canteen Vending Services, Inc.,Advantech Co. Ltd., Selecta Group AG, Bianchi Vending Group S.p.A, Cantaloupe Systems Inc., Intel Corporation, Glory Global Solutions Inc., Azkoyen Group, USA Technologies Inc., Rhea Vendors Group, MEI Inc. and Coin Acceptors Inc.
Intelligent Vending Machines Market: Regional Outlook
Western Europe is expected to be the dominant player in intelligent vending machines market followed by North America, Asia-Pacific, Japan, and MEA regions. The Asia-Pacific region is projected to emerge as the fastest rising market due to the increased demand in public transport applications in developing countries such as India and China in the forecast period.
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The report covers exhaustive analysis on:
- Global Intelligent Vending MachinesMarket Segments
- Global Intelligent Vending MachinesMarket Dynamics
- Historical Actual Market Size, 2014 - 2015
- Global Intelligent Vending MachinesMarket Size & Forecast 2016 to 2027
- Supply & Demand Value Chain for Intelligent Vending MachinesMarket
- Global Intelligent Vending MachinesMarket Current Trends/Issues/Challenges
- Competition & Companies involved in Intelligent Vending MachinesMarket
- Intelligent Vending MachinesTechnology
- Value Chain of Intelligent Vending Machines
- Global Intelligent Vending MachinesMarket Drivers and Restraints
Regional analysis for Global Intelligent Vending Machines Market includes
- North America Intelligent Vending MachinesMarket
- US & Canada
- Latin America Intelligent Vending MachinesMarket
- Brazil, Argentina & Others
- Eastern Europe Intelligent Vending MachinesMarket
- Rest of Eastern Europe
- Western Europe Intelligent Vending MachinesMarket
- Rest of Western Europe
- Asia Pacific Intelligent Vending MachinesMarket
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Japan Intelligent Vending MachinesMarket
- Middle East and Africa Intelligent Vending MachinesMarket
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Intelligent Vending Machines Market: Market Segmentation
Segmentation by type in Intelligent Vending Machines market:
Segmentation by application in Intelligent Vending Machines market:
- Fast food restaurant
- Shopping malls
- Retail stores
- Public transport
- Railway station
- Business center
Segmentation by technology in Intelligent Vending Machines market:
- Cashless systems
- Telemetry systems
- Voice recognition
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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