Press release
Innovative Technology : Connected Vending Machine Market Globally Grow at a CAGR of 23.25% By 2020
The vending machine industry has started to evolve from traditional machines to intelligent, or connected, machines. The industry has gone beyond just delivering snacks and is developing new and sophisticated retail solutions. Connected vending machines, unlike traditional machines, are engaging shoppers like never before with touchscreen controls, audio, video, scents, gesture-based interaction, and cashless payment. These connected vending machines are used in company facilities, universities, retail stores, and hospitals. Connected vending machines sell a variety of goods such as computer accessories, gold bars, tickets, foods and beverages, and office supplies. The advances taking place in these machines are enabling operators to analyze time- and location-based data pertaining to sales, inventory, and customer preferences.
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Technavios analysts forecast the global connected vending machine market to grow at a CAGR of 23.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global connected vending machine market for the period 2016-2020. To calculate the market size, the report takes into account the installed base of connected vending machines worldwide for government and private enterprises. It considers those vending machines that dispense candies or snacks or confections, office coffee services (OCS), ice cream, vended food, beverages, manual food services, tobacco, and others.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Connected Vending Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Coin Acceptors Inc.
Crane Co.
Cubic Corp.
Fuji Electric Co. Ltd.
MEI Inc.
Other prominent vendors
Adrich Vending International Sp. z o. o.
Allied Drink Systems Ltd.
American Vending Machine Inc.
Asahi Seiko (Europe) Ltd.
Atlas Vending Pte. Ltd.
Bettavend Ltd.
Bianchi Vending Group SpA
Bulk Vending Systems Ltd.
Cantaloupe Systems Inc.
Canteen Corp.
Continental Vending Inc.
ETNA Coffee Technologies Fresh & Honest Caf Ltd.
Fresh Healthy Vending International, Inc.
Glory Ltd.
GTECH Corp.
Ingenico S.A.
Innovative Vending Solutions LLC
Local Vending Ltd.
Maas International Group B.V.
Manchester Vending Services Ltd.
Panasonic Corp.
Royal Vendors Inc.
Sanden Vendo America, Inc.
UK Vending Ltd.
Vending Inc.
VeriFone Systems, Inc.
VendScreen, Inc.
Westomatic Vending Services Ltd.
Market driver
Growing adoption of connected vending machines in retail
For a full, detailed list, view our report
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Market challenge
High initial investment and cost of production
For a full, detailed list, view our report
Market trend
Emergence of distinct connected vending machines
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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