Intelligent Vending Machines Market Trends, Competitive Analysis and Forecast Report To 2014 - 2025
The global intelligent vending machines market is expected to reach USD 11.84 billion by 2025, according to a new study by Radiant insights, inc. The surge in the penetration of self-services technology across North America and Europe is anticipated to drive the industry growth over the next nine years. Intelligent vending machines incorporate energy efficient electronic equipment including efficient lighting components, such as LEDs, compressors, and sensors, that help in conserving energy.
Industry players are progressively participating and promoting initiatives, such as Refrigerants and Naturally!, that help in eliminating and minimizing the release of hydrofluorocarbons (HFC) from vending machines. This is subsequently impelling the demand for HFC-free products such as intelligent vending systems.
The incorporation of ground-breaking features, such as voice and face recognition that enables interaction between the machine and the consumer, is energizing the industry growth prospects. These features add intelligence to the systems by detecting and responding to consumers and offer a dynamic visual experience with interactive promotions.
The increasing consumer preference toward cashless payments is a favorable trend observed in the market. The acceptance of payments through technologies, such as Near-field Communication (NFC), is instrumental in driving public interest owing to the easier, faster, and contactless modes of payment. These modes help in decreasing the cash management costs and subsequently decrease threats such as theft and vandalism.
Intelligent dispensing systems help in gaining insights regarding consumer behavior, preferences, and buying patterns. Interactive displays help vendors to generate more revenue through the display of advertisements and loyalty programs.
Download full research Report @ http://www.radiantinsights.com/research/intelligent-vending-machines-market
Further Key Findings from the Study Suggest:
The hot drinks type segment dominated the industry, accounting for more than 62% of the overall volume due to the surging demand for refreshment drinks
Office vending systems are expected to gain momentum as they facilitate employees to grab a quick snack in between breaks without the need of placing an order and waiting for it to be processed
The Asia Pacific region is predicted to emerge as the fastest growing market due to the increased demand in public transport applications in emerging countries, such as India and China
Prominent vendors operating in the market include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen Group, and Rhea Vendors Group
Increased focus on research and development activities and adoption of inorganic growth strategies are being observed in the industry
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/intelligent-vending-machines-market/request-sample
Table of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Regional Marketplace: Key Takeaways
Chapter 3 Intelligent Vending Machines Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Intelligent Vending Machines - Market Size and Growth Prospects
3.3 Intelligent Vending Machines - Value Chain Analysis
3.4 Intelligent Vending Machines - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Technological proliferation
3.4.1.2 Increasing demand for energy efficient vending machines
3.4.1.3 Growing inclination toward cashless payments
3.4.1.4 Rise in profit margins
3.4.2 Market restraint/challenge analysis
3.4.2.1 Stringent government regulations
3.4.2.2 Theft and vandalism
3.5 Intelligent Vending Machines - Key Opportunities Prioritized
Browse all Report of this category @ http://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Industry players are progressively participating and promoting initiatives, such as Refrigerants and Naturally!, that help in eliminating and minimizing the release of hydrofluorocarbons (HFC) from vending machines. This is subsequently impelling the demand for HFC-free products such as intelligent vending systems.
The incorporation of ground-breaking features, such as voice and face recognition that enables interaction between the machine and the consumer, is energizing the industry growth prospects. These features add intelligence to the systems by detecting and responding to consumers and offer a dynamic visual experience with interactive promotions.
The increasing consumer preference toward cashless payments is a favorable trend observed in the market. The acceptance of payments through technologies, such as Near-field Communication (NFC), is instrumental in driving public interest owing to the easier, faster, and contactless modes of payment. These modes help in decreasing the cash management costs and subsequently decrease threats such as theft and vandalism.
Intelligent dispensing systems help in gaining insights regarding consumer behavior, preferences, and buying patterns. Interactive displays help vendors to generate more revenue through the display of advertisements and loyalty programs.
Download full research Report @ http://www.radiantinsights.com/research/intelligent-vending-machines-market
Further Key Findings from the Study Suggest:
The hot drinks type segment dominated the industry, accounting for more than 62% of the overall volume due to the surging demand for refreshment drinks
Office vending systems are expected to gain momentum as they facilitate employees to grab a quick snack in between breaks without the need of placing an order and waiting for it to be processed
The Asia Pacific region is predicted to emerge as the fastest growing market due to the increased demand in public transport applications in emerging countries, such as India and China
Prominent vendors operating in the market include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen Group, and Rhea Vendors Group
Increased focus on research and development activities and adoption of inorganic growth strategies are being observed in the industry
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/intelligent-vending-machines-market/request-sample
Table of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Regional Marketplace: Key Takeaways
Chapter 3 Intelligent Vending Machines Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Intelligent Vending Machines - Market Size and Growth Prospects
3.3 Intelligent Vending Machines - Value Chain Analysis
3.4 Intelligent Vending Machines - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Technological proliferation
3.4.1.2 Increasing demand for energy efficient vending machines
3.4.1.3 Growing inclination toward cashless payments
3.4.1.4 Rise in profit margins
3.4.2 Market restraint/challenge analysis
3.4.2.1 Stringent government regulations
3.4.2.2 Theft and vandalism
3.5 Intelligent Vending Machines - Key Opportunities Prioritized
Browse all Report of this category @ http://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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