Press release
Intelligent Vending Machine Market By Application Expected to Reach 5.5 million By 2024 | Top Key Players like Azkoyen Vending Systems, American Vending Machines, Bulk Vending Systems, Automated Merchandising Systems
Global intelligent vending machine market
Major companies participating in the intelligent vending machines market include American Vending Machines, Automated Merchandising Systems, Azkoyen Vending Systems, Bianchi Industry SpA, Bulk Vending Systems, Continental Vending, Evoka Group, Crane Merchandising Systems, Inc, Fuji Electric Co., Ltd., and Sanden Holdings Corporation, among others.
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/1570
Considering the fact that vending machines have come a long way from being basic product dispenser and that the Internet of Things, sensor technology, big data analytics and machine learning have brought a sea of change in how machines function, the intelligent vending machine market is expected to thrive over the coming years, gaining impressive traction and profits.
The growing adoption of the snack & coffee dispensing solutions at offices is expected to drive the intelligent vending machine market. Corporate offices are installing smart technologies that provide various features such as biometric authentication, mobile connectivity, coupon vending, etc., which help enterprises to ensure the safety of the equipment and enhance ease in vending the products. Several corporate sectors provide coupons such as Sodexo coupons to their employees to compensate for their food expenses. Coupon vending machines are being incorporated in such application areas for reducing the efforts and time spent by the management for distributing such coupons. The installation of such smart dispensing technologies at corporate offices will accelerate the intelligent vending machines market.
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/1570
Vending machines have come a long way from their basic design and now are equipped to perform a lot more than dispense items and provide change. At present vending machines are designed to not only provide items requested but provide nutritional or other information about the items, interact with the customer to make suggestions about the purchase and even prepare fresh food. For example, in Italy a pizza vending machine called Let’s Pizza has been developed that prepares customized pizzas in less than 3 minutes. A window in the front allows customers to watch the flour being kneaded, the rolling of the pizza disc, spreading of the tomato paste and other ingredients and the finished creation baked in infra-red rays. The growth of the intelligent vending machine market is being driven by smart technology that brings together the convenience and availability of instant transactions with the tailored, entertaining and connected retail experience that customers have come to expect.
The Asia Pacific intelligent vending machine market will expand at a rapid pace over the coming years due to growing digitalization and urbanization trends in several economies including India, China, and Japan. Increasing customer crowd in retail, restaurant, and entertainment sectors is encouraging store owners to implement advanced technologies that will help in customer engagement, thereby driving sales and profitability. Moreover, the rising trend of automation in business operations is a major factor propelling the growth of the intelligent vending machine market.
A rise in the application of smart dispensing solutions at public transport hubs like bus stands, railways stations, and airports is estimated to accelerate the growth of vending machine market. Transportation hubs are now focusing on transforming their operational techniques from manual to automatic. For example, the Indian Railways is heavily investing in automation and has installed an automatic food vending machine, operated using a tablet, in the Coimbatore-Bengaluru UDAY Express, in June 2018. Furthermore, the state-owned railway firm is planning to install similar systems in other trains in the future, which will drive the growth of vending machine market.
Browse key industry insights spread across 150 pages with 251 market data tables & 22 figures & charts from the report, Intelligent Vending Machine Market in detail along with the table of contents:
www.gminsights.com/industry-analysis/intelligent-vending-...
Though U.S. has the most vending machines in the world, Japan has the highest density of vending machines with 5.5 million machines in 2016 that put one machine for every 50 people and is known for carrying more range of products that available anywhere else in the world. Fascination with technology, low crime rate, need for convenience etc. have driven the vending machine market in the country, but Japan being the pioneer of technology has presented the next step for intelligent vending machine market.
Among some of the most tried-and-tested strategies, M&A continues to retain increased attention in the global intelligent vending machine market. Validating the same, in November 2018, the Troy-based Continental Services took another slice of the local food services market by acquiring United Vending & Market Services, a Ferndale-based food supplier. This acquisition, which was a part of the aggressive five-year growth plan of the company, was its fourth takeover in the past year. As the growth tactic of acquisitions continues to gain further traction, the global vending machine market will garner increased momentum in the forthcoming years.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: www.industry-source.org
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intelligent Vending Machine Market By Application Expected to Reach 5.5 million By 2024 | Top Key Players like Azkoyen Vending Systems, American Vending Machines, Bulk Vending Systems, Automated Merchandising Systems here
News-ID: 1766983 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Vending
Fresh Food Vending Machines Market | Key Players - Canteen Vending, Biocom Vendi …
Inventions in the food industry have resulted in the reduction of human efforts for meeting their necessary requirements such as food. Eatables are now readily available to customers through vending machines which are available at workplaces, shopping malls, schools, universities, hospitals, and other public places. Earlier, the food vending machines were mostly focused on providing fast foods.
Get Report Sample Copy @ https://www.mrrse.com/sample/1846
However, during the recent years, the rise in health…
Fresh Food Vending Machines Market | Industry Key Players - Canteen Vending, Bio …
Inventions in the food industry have resulted in the reduction of human efforts for meeting their necessary requirements such as food. Eatables are now readily available to customers through vending machines which are available at workplaces, shopping malls, schools, universities, hospitals, and other public places. Earlier, the food vending machines were mostly focused on providing fast foods.
Get Exclusive Free Sample Report @ https://www.mrrse.com/sample/1846
However, during the recent years, the rise in…
Current Scenario of Fresh Food Vending Machines Market | Canteen Vending, Biocom …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Fresh Food Vending Machines Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
For Insights Research Study | Get Report Sample Pages @ https://www.mrrse.com/sample/1846
Inventions…
Food and Beverages Vending Machine Market 2018 Analysis By Key Players – Innov …
The report provides a comprehensive analysis of the Food and Beverages Vending Machine industry market by types, applications, players and regions. This report also displays the 2013-2025 production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Food and Beverages Vending Machine industry in USA, EU, China, India, Japan and other regions
Market Analysis by Players: This report includes following top vendors in terms of…
Fresh Food Vending Machines Market | Global Growing Industry Key Players Analysi …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Fresh Food Vending Machines Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Report Sample Copy for More Info @ https://www.mrrse.com/sample/1846
Inventions in the food…
Fresh Food Vending Machines Market | Global Growing Industry Crucial Players - C …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Fresh Food Vending Machines Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click to Get Report Sample Copy for More Info @ https://www.mrrse.com/sample/1846
Inventions in…
