Press release
Intelligent Vending Machines Market To Hit US$ 32.6 Billion By 2028
Intelligent Vending Machines Market
IMARC Group's latest report, titled "Intelligent Vending Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global intelligent vending machines market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.80% during 2023-2028.
What is Intelligent Vending Machines and Uses ? :
Intelligent vending machines are advanced automated systems that offer a diverse range of products to consumers in a convenient and user-friendly manner. These machines are equipped with cutting-edge technologies such as artificial intelligence, machine learning, and data analytics, which enable them to provide a more personalized and interactive shopping experience. These machines can be remotely monitored, thereby reducing on-site maintenance needs, and providing real-time data and analytics for operators to optimize their business strategies. They offer numerous advantages, including an optimized purchasing process, shorter wait times and higher customer satisfaction. As a result, they find extensive applications in various industries, including retail, food and beverage, healthcare, and entertainment.
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Who are the key Players Operating in the Industry ? :
The competitive landscape of the industry has also been examined along with the profiles of the key players being,
• Azkoyen Group
• Bianchi Industry SpA
• Crane Payment Innovations Inc. (Crane Holdings Co.)
• Digital Media Vending International LLC
• Fuji Electric Co. Ltd
• Jofemar USA Inc
• Rhea Vendors Group S.p.A
• SandenVendo GmbH (Sanden Corporation)
• Seaga Manufacturing Inc
• Sielaff GmbH & Co. KG Automatenbau Herrieden
• Westomatic Vending Services Ltd
What are the Growth Prospects and Trends in the Intelligent Vending Machines Industry ? :
The increasing demand for cashless payment methods, such as mobile wallets and contactless cards, is driving the intelligent vending machine market. Moreover, the growing demand for automated retail solutions offering automated and self-service options for consumers to make purchases without human intervention is propelling the market across the globe.
Besides, continual product innovations, including energy-efficient LED lighting, low-power consumption components, and smart sensors for optimized power management are providing a boost to the market. In line with this, ongoing advancements in artificial intelligence, machine learning, IoT (Internet of Things), and cloud computing enable seamless connectivity, real-time data analytics, and personalized user experiences, are creating a positive market outlook.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/intelligent-vending-machines-market
Key Market Segmentation:
Machine Type Insights:
• Free-Standing Vending Machines
• Wall-Mounted Vending Machines
Product Dispensed Insights:
• Beverages
• Snacks
• Food
• Confections
• Others
Application Insights:
• Manufacturing
• Commercial Malls and Retail Stores
• Offices
• Educational Institutes
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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