Intelligent Vending Machines Market Trends, Demand, Opportunities and Forecast By 2028
Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for building Intelligent Vending Machines market research report. Commitment, quality, dedication, and transparency in the research report are all followed throughout to give the best service to the clients. Not to mention, this report delivers an in-depth study with respect to present and upcoming opportunities which shed light on the future investment in the market. So, to achieve competitive advantage and to thrive in the market, go for the comprehensive Intelligent Vending Machines market report.
Intelligent vending machines market will reach at an estimated value of USD 47.72 billion and grow at a CAGR of 22.70% in the forecast period of 2021 to 2028. Rising penetration of Internet of Things (IoT) and connected device technologies is an essential factor driving the intelligent vending machines market.
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Market Overview:
A vending machine is a type of device which dispenses items that are stored inside it in exchange of the inserted coins or tokens. A vending machine is an automated machine which provides items such as beverages, snacks, cigarettes and lottery tickets to consumers after cash, a credit card, or a specially designed card is inserted into the machine. An intelligent vending machine is an evolved vending machine which not only dispenses items but also, engages shoppers with the help of touch-screen video, controls, audio, scent, gesture-based interaction, and cashless payment.
Intelligent Vending Machines Market Scope and Market Size
Intelligent vending machines market is segmented on the basis of product dispensed, application and installation site. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
l On the basis of product dispensed, the intelligent vending machines market is segmented into salty and savory snacks, bakery products, confectionery products, beverages and others.
l Based on application, the intelligent vending machines market is segmented into retail sites, public transport hubs and offices/institutions.
l The intelligent vending machines market is also segmented on the basis of installation site into offices, retail stores, public places and others.
The major players covered in intelligent vending machines market report are Azkoyen Group, BIANCHI INDUSTRY SPA, BULK VENDING SYSTEMS, Compass Group PLC, Crane Merchandising Systems, Evoca Group, Fas International, JOFEMAR SA, Royal Vendors, Inc., SANDEN HOLDINGS CORPORATION, Seaga Group, Canteen, American Vending Machines, Automated Merchandising Systems Inc, KIOSK Information Systems, NCR, SLABB INC., Source Technologies, Diebold Nixdorf, Incorporated, Embross, IER, Meridian, REDYREF and Advantech Co., Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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