The vending industry is undertaking a sea-change using intelligent systems technologies to install touch-enabled screens and remote management software to go far beyond just dispensing food and drinks.An intelligent vending machine is one that has an LCD screen for interaction and large table top office vending service machines that have enough surface area to support 6 to 14 inch LCD screens possibly.The integration of features such as face recognition and voice that enables communication between vending machine and consumer is stimulating the industry growth forecasts. 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.
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
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-4154
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.
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.
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.
Intelligent Vending Machines Market: Regional Outlook
Western Europe is expected to be the dominant player in intelligent vending machines market followed by North America, Asia-Pacific, Japan, and MEA regions. The Asia-Pacific region is projected to emerge as the fastest rising market due to the increased demand in public transport applications in developing countries such as India and China in the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.
For critical insights, request for PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-4154
Why Future Market Insights?
• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com