San Francisco, California, June 14, 2018 – The global intelligent vending machine market is projected to achieve growth while riding on increase in the penetration of connected and IoT devices. As technological breakthroughs continue to make their impact, intelligent systems could replace conventional vending machines for the purpose of offering more interactive and engaging customer experience. TMR Research’s publication on the market brings to light more factors that could enhance market growth in the near term. Bearing the title “Intelligent Vending Machine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025,” is expected to comprehensively study the market based on various aspects.
Emergence of m-commerce and high focus on cashless payment systems are anticipated to further push the growth of the world intelligent vending machine market. M-commerce-based, cashless, and NFC transactions have obtained much acceptance in the recent years. With increase in technological developments, there could be a rising adoption of voice recognition, face recognition, and other innovative technologies in dispensing systems, which is expected to augur well for the market. These techniques prove to be crucial for recommending products depending on the customer’s age and gender.
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Fast urbanization is another factor prophesied to set the tone for significant growth of the international intelligent vending machine market. Vendors may now better understand customer preference and behavior as big data analytics continues to make difference in the performance of vending machines. Smart vending machines help to save a whole lot of time by offering real-time inventory tracking feature. Regionally, the market is envisaged to find more growth in North America owing to the implementation of favorable energy conservation policies. Demand for faster and more efficient self-service checkout in retails could help Asia Pacific to become a prominent region of the market.
Some of the important players of the international intelligent vending machine market are Advantech Co. Ltd., Jofemar, and Bianchi Vending Group S.p.A.