Market Research Report
Global Intelligent Vending Machine Market Size by Application, by Product Dispensed, and Regional Forecasts 2021-2027
|Published by||Bizwit Research & Consulting LLP||Product code||1009681|
Delivery time: 2-3 business days
|Global Intelligent Vending Machine Market Size by Application, by Product Dispensed, and Regional Forecasts 2021-2027|
|Published: June 5, 2021||Content info:||
Global Intelligent Vending Machine Market is valued approximately at USD 6.5 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2021-2027. Vending machines are used to provide food and soft drinks which are ready to consume. The intelligent vending machines grabs the attention of the consumer through inter active multimedia display. It allows the manufacturers to reach the customers outside shopping markets, malls, etc. These machines are highly used in retail sector to attract consumers to retail stores, which in turn increases the sales of the intelligent vending machine. The rise in cashless transaction is also a driving factor for the market. However, regulations regarding the sales of junk and tobacco items is expected to hinder the growth of market. Technologies such as voice and face recognition, NFC payments and IoT are great opportunities for the sector to grow. For instance, Cognizant has come up with IoT solution that included both data analytics and software to interpret sensor data, which in turn send automated alerts to management.
By region the market for global Intelligent Vending Machine is segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is expected to dominate the global intelligent vending machines market. The government in the U.S., Canada focuses on providing nutritional information to customers through vending machines. APAC is also expected to grow with a significant CAGR in the forecast period.
Major market player included in this report are
Compass Group USA Inc.
FAS International Srl
Fuji Electric Co. Ltd.
Ingenico Group SA
Royal Vendors Inc.
Westomatic Vending Services Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Dispensed:
Salty and savory snacks
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Intelligent Vending Machine Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
a. Market Snapshot
List of figures