As the vending machine market is growing, vendors are looking for segments such as schools and colleges where they can create more demand. To cater to such places, firms are coming up with elegant and energy-efficient vending machines. It is also increasing the market for the indoor installation of the machines. Indoor vending machines occupy less space without reducing the variety of foods and beverages. Also, their power consumption is low.
Complete connected vending machine market report is available at http://www.rnrmarketresearch.com/global-connected-vending-machine-market-2016-2020-market-report.html .
According to the report, the retail industry is one of the major end-users of connected vending machines. This is primarily because of these machines' better interaction with customers at retail outlets. Moreover, many intelligent vending machines are used to collecting customer data, enabling retailers to customize their service and product offerings as per the needs of customers. In China and India, the retail industry is witnessing surging growth, indicating huge growth prospects in these regions for the vending machine market.
The vending machine industry has started to evolve from traditional machines to intelligent, or connected, machines. The industry has gone beyond just delivering snacks and is developing new and sophisticated retail solutions. Connected vending machines, unlike traditional machines, are engaging shoppers like never before with touchscreen controls, audio, video, scents, gesture-based interaction, and cashless payment. These connected vending machines are used in company facilities, universities, retail stores, and hospitals. Connected vending machines sell a variety of goods such as computer accessories, gold bars, tickets, foods and beverages, and office supplies. The advances taking place in these machines are enabling operators to analyze time- and location-based data pertaining to sales, inventory, and customer preferences.
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The report, Global Connected Vending Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global connected vending machine market for the period 2016-2020. To calculate the market size, the report takes into account the installed base of connected vending machines worldwide for government and private enterprises. It considers those vending machines that dispense candies or snacks or confections, office coffee services (OCS), ice cream, vended food, beverages, manual food services, tobacco, and others.
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Key players in the Global Connected Vending Machine Market: Coin Acceptors Inc., Crane Co., Cubic Corp., Fuji Electric Co. Ltd., and MEI Inc. Other Prominent Vendors in the market are: Adrich Vending International Sp. z o. o., Allied Drink Systems Ltd., American Vending Machine Inc., Asahi Seiko (Europe) Ltd., Atlas Vending Pte. Ltd., Bettavend Ltd., Bianchi Vending Group SpA, Bulk Vending Systems Ltd., Cantaloupe Systems Inc., Canteen Corp., Continental Vending Inc., ETNA Coffee Technologies Fresh & Honest Café Ltd., Fresh Healthy Vending International, Inc., Glory Ltd., GTECH Corp., Ingenico S.A., Innovative Vending Solutions LLC, Local Vending Ltd., Maas International Group B.V., Manchester Vending Services Ltd., Panasonic Corp., Royal Vendors Inc., Sanden Vendo America, Inc., UK Vending Ltd., Vending Inc., VeriFone Systems, Inc., VendScreen, Inc., and Westomatic Vending Services Ltd.
Further, the report states that high initial investment and cost of production restricts the market growth.
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