Global Vending Machine Market Opportunities, Key Players, Competitive and Regional Analysis by Forecast

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Global Vending Machine Market Size, Business Revenue Forecast, Leading Competitors and Growth Trends

Growing penetration of intelligent vending machines in omni-channel commerce has opened a new avenue, given the onslaught of digital e-commerce in the shopping landscape. For  e-commerce heavyweights with the likes of Amazon and stores such as Walmart, intelligent vending machines double as hyper-local micro-fulfillment centers. The intelligent vending machines market has gained momentum on the back of the increasing trend of buy online, pickup in store. The 24 by 7 access, shopping empowered by QR or bar codes, and cloud connectivity pave way for win-win situation for retailers and customers. With the assortment of products that can be bought through vending machines expand-from meals to groceries to personalized cosmetics to customized products—brands and merchants have come to leverage these for carving out a unique experience.

Intelligent vending machines have prominently sprouted in airports, school campuses, business and tech parks, subways, and bars. Their use among shoppers for in-store pickups and home deliveries have grown, bolstering the revenue prospects in the intelligent vending machines market. In recent years, intelligent vending machines have become centers of pop-up promotions. The use of machine learning technologies has helped merchants identify customer’s need early and offer them new value proposals. The growing integration of these machines with ERP and  inventory management  has further enabled them to woo customers with loyalty programs.

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Key Trends

The drive for cashless payments offers a significant boost to the use of intelligent vending machines. Advances being made in IoT networks have benefitted the retail industry, thus opening new avenues for players in the intelligent vending machines market. The remote management of intelligent vending machines is one of the key proposals for deployment of such machines by retailers around the world.

The focus of vending healthy foods to consumers through intelligent vending machines has opened a new avenue. Growing use of these vending machines to obtain packaged drinks has spurred prospects in the intelligent vending machines market. Preference of adolescents and adults for instant refreshment has nudged them to use such vending machines.

Rise in deployment of intelligent vending machines in malls has helped the market to expand rapidly in urban areas.

Competitive Assessment

Most players are pinning hopes on inorganic growth strategies to consolidate their positions in the intelligent vending machines market. Some companies are also focusing on making strategic acquisitions and are entering into collaborations to have a higher revenue share of pie. Several aspiring players are focusing on hotel, restaurant, and catering sector (HORECA) business to tap into some big revenue potential.

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