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Intelligent Vending Machine Market Statistics 2019-2024 | Industry Size & Trends Report | Azkoyen Vending Systems, Continental Vending, Crane Merchandising Systems, FAS International, Royal Vendors, Inc
Intelligent Vending Machine Market
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 machine market.
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With the help of vending machines however, customers can cut the queue and buy products that include cannabis flower, extracts, edibles, CBD products and accessories. The machine even describes products and its effects and suggests products to customers. It verifies customer’s identification and determines age using facial recognition technology and accepts payment with either a debit card or Apple Pay. Intelligent vending machines have transformed many aspects of life and this machine aims to do the same for the cannabis industry. According to greenbox Robotics, the kiosk is designed to dispense multiple items in one transaction and streamline the purchase experience, bringing down a 30-minute wait down to nearly two minutes. Such an innovative vending machine is expected to be gamechanger for cannabis dispersion and the intelligent vending machine market in general.
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 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.
Key players operating in the intelligent vending machine market include Azkoyen Vending Systems, Continental Vending, Crane Merchandising Systems, Fuji Electric Co., Ltd., Evoka Group, FAS International, Royal Vendors, Inc., Sanden Holdings Corporation, and Seaga Group, among others. These companies are engaged in the manufacture of business-specific solutions that will provide their customers with options to customize the solution based on enterprise requirements. Moreover, technological advancements and innovations in the intelligent vending machine market are expected to be a major factor for the high adoption of these smart solutions.
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Glimpse of Table of Content (ToC)
Chapter 4. Intelligent Vending Machine Market, By Product
4.1. Key trends by product
4.2. Beverage
4.2.1. Market estimates and forecast, 2013 - 2024
4.3. Food
4.3.1. Market estimates and forecast, 2013 – 2024
4.4. Tobacco
4.4.1. Market estimates and forecast, 2013 - 2024
4.5. Others
4.5.1. Market estimates and forecast, 2013 - 2024
Chapter 5. Intelligent Vending Machine Market, By Application
5.1. Key trends by application
5.2. Retail sites
5.2.1. Market estimates and forecast, 2013 - 2024
5.3. Public transport hubs
5.3.1. Market estimates and forecast, 2013 - 2024
5.4. Offices/Institutions
5.4.1. Market estimates and forecast, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/intelligent-vending-machine-market
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Arun Hegde
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Global Market Insights, Inc.
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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.
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