Intelligent Vending Machines Market, By Type (Hot Drinks, Snacks, commodities, and Packaged Drinks), By Application (Fast Food Restaurant, Retail Stores, Public Transport, Hospitals, Business Center, Others (Shopping Malls, Airport, Hotels, Schools, and Railway Station)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2034

A vending machine is an automated device which dispenses the items that are stored inside it with the exchange of coins or tokens. An intelligent vending machine engages shoppers with the help of touch-screen controls, video, audio, scent, gesture-based interaction, and cashless payment. Intelligent vending machine dispenses items such as beverages, packaged food, and tobacco products.

Intelligent vending machines offers advance functions such as large digital touch display, internet connectivity, cameras and various types of sensors, more cost-effective embedded computing power, and digital signage. Owing to which these are highly adopted across the globe and propel growth of the target market. Increasing customer’s preferences toward cashless payments is a favorable trend observed in the market.

Payment acceptance through technologies such as near-field communication (NFC) in intelligent vending machines is another driving factor for the target market growth. These modes help in decreasing the cash management costs and subsequently decrease threats such as robbery and vandalism. However, stringent government rules and regulations associated with the sale of junk food and tobacco products expected to restrain the growth of the target market in the near future. 

The intelligent vending machines market has been segmented on the basis of type, application, and region.

On the basis of type the target market has been segmented into hot drinks, snacks, commodities, and packaged drinks. On the basis of application the target market has been segmented into fast food restaurant, shopping malls, retail stores, public transport, airport, hospitals, hotels, railway station, schools, and business center.

 Regional Insights:

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share in terms of revenue as compared to that of other regions. This can be attributed to the growing adoption of these machines in various end user applications such as fast food restaurant, shopping malls, retail stores, public transport, airport, hospitals, hotels, railway station, schools, and business center.

Key players operating in the intelligent vending machines market includes Crane Co., Canteen Vending Services, Inc., Advantech Co. Ltd., Selecta Group AG, Bianchi Vending Group S.p.A, Cantaloupe Systems Inc., Intel Corporation, Glory Global Solutions Inc., Azkoyen Group, USA Technologies Inc., Rhea Vendors Group, MEI Inc., and Coin Acceptors Inc.