Press release
Intelligent Vending Machines Market Prophesied to Grow at a Faster Pace by 2027
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.
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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: Market Segmentation
Segmentation Overview
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.
Segmentation by type in Intelligent Vending Machines market:
Beverage
Snacks
Commodity
Others
Segmentation by application in Intelligent Vending Machines market:
Fast food restaurant
Shopping malls
Retail stores
Public transport
Airport
Hospitals
Hotels
Railway station
Schools
Business center
Segmentation by technology in Intelligent Vending Machines market:
Cashless systems
Telemetry systems
Voice recognition
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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.
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