123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Technology,-Gadget-and-Science >> View Article

Intelligent Vending Machine Market Global Trends, Market Share, Industry Size, Growth, Opportunities

Profile Picture
By Author: Akash DADHICH
Total Articles: 75
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The global shipments are expected to exceed 8 million units by 2029.
With increasing technological advancements, rising awareness is increasing the adoption and acceptance of intelligent vending machines, boosting the growth of the market worldwide. The machines are becoming increasingly consumer-friendly and are equipped with all the latest features thus increasing consumer accessibility as well as the flexibility of usage. These factors contribute greatly to the market’s worldwide lucrative trade opportunities.
Offering features like face and voice recognition has opened up new trade avenues and increased the scope of employment of these machines across various industries and sectors. These machines help in increasing consumer awareness and provide due assistance through information, these machines have become pertinent for timely and ever available service for consumers. These machines have expanded into the retail sector and helped it grow better and in turn driving the sales of intelligent vending machines, especially in U.S the rise in geriatric population and thus increasing health issues. Thus in order to maintain a healthy balanced diet creates an increasing need for providing detailed product information especially by the intelligent vending machines have the capability to display relevant information of products. The governments' incentives across the globe have significantly contributed to the growth of this market worldwide. Regions such as North American, U.S., Canada, are primarily focusing on providing all the nutritional information to customers for the food and beverages available through vending machines. The governments have stringent laws and policies governing and maintaining consumer awareness about food products. These government regulations are resulting in rising popularity and deployment of intelligent vending machines in the region.
The advancements in the technology of intelligent machines market have also exposed it to security and privacy-related concerns. The retail industry needs to implement efficient tools to ensure consumer privacy. The increasing usage and integration of smart-phones in daily lives by consumers especially for making payments using e-Wallets or credit-debit cards as they move from location to location, there is always a risk associated with it owing to chances of network system failures, system hacking, outsourcing of private information of the consumers, such as credit card and debit card details. Yet the convenience associated with smart payment systems has attracted a lot of people towards use of intelligent vending machines. Consumers are increasingly preferring such payment options due to smartphone applications for payment, and improvised security in such payment modules. Due to this factor, retailers are also focusing on delivering smart payment options to customers to increase the sale of their products, and increase customer retention ratio.
Request a Sample Report @https://www.futurewiseresearch.com/request-sample.aspx?id=2293&page=requestsample
Market Segmentation
1. By Application
● QSR, shopping malls, and retail stores
● Public Transport
● Office/Institutions
● Others
2. By Product Dispensed
● Salty and savory snacks
● Hot drinks
● Bakery products
● Confectionery products
● Beverages
● Others
The hot drinks segment is projected to account for major market share during the forecast period.
3. By Region
● North America
● Europe
● Asia Pacific
● Latin America
● Rest of the World
The Asia Pacific region is predicted to emerge as the fastest-growing market due to the increased demand in public transport applications in emerging countries such as India and China and consumer awareness of receiving detailed information.
Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=2293&page=askfordiscount
Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
Prominent vendors operating in the market include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen Group, and Rhea Vendors Group
FutureWise Takeaways
● Growth prospects
● SWOT analysis
● Key trends
● Key data points affecting market growth
Objectives of the Study:
● To provide an exhaustive analysis on the global intelligent vending machine market by product dispensed, by application and by region
● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and core competencies

Browse Corresponding Information & Communication Technology Market Research Reports & Consulting

Inquire further details about this report at: sales@futurewiseresearch.com

About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: sales@futurewiseresearch.com
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com

Total Views: 50Word Count: 909See All articles From Author

Add Comment

Technology, Gadget and Science Articles

1. Digital Transformation In 2020: 5 Pro Tips To Ensure Success
Author: Brian Burell

2. How Does Nav Help Combat Wholesale Distribution Challenges?
Author: Sapna Gupta

3. Importance Of Equipment In Manufacturing Process
Author: Anthea Johnson

4. Sling Tv Losing Subscribers For First Time As The Streaming Race Continues
Author: Aida Martin

5. Call Center Crm Integration For Different Crm Solutions
Author: Zenteno peterson

6. Difference Between Traditional Desktop Web Apps And Mobile Apps
Author: Paul Adam

7. How The Blockchain Secure Your Important Data?
Author: Karan Khatnani

8. Significant Considerations For Entrepreneurs Before Social Media App Development
Author: Ash Rakars

9. Buy Cell Phone Repair Tools And Accessories
Author: Mobilesentrix

10. Why Small Companies Should Start Using Cloud Erp Solution?
Author: Sapna Gupta

11. Top Upcoming Trends In The App Industry
Author: Melissa charm

12. Intelligent Process Automation Market By Component, Technology, Vertical, And Region - Global Foreca
Author: siddharth mnm

13. Top 5 Successful Mobile App Development Trends In 2020
Author: Natasha Verma

14. Why Employing The Best Mobile App Development Company Is Pivotal For Any Business In Today's World?
Author: Micheal Joseph

15. How Intelligent Call Center Software Is Helping Companies?
Author: Ethan Jones

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: