Connected Vending Machine Market

The global Connected Vending Machine market was valued at 875.62 Million USD in 2021 and will grow with a CAGR of 7.2% from 2021 to 2027, based on Research newly published report.
The prime objective of Connected Vending Machine Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Connected Vending Machine Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Connected vending machine is a machine that dispenses items such as snacks, beverages, alcohol, cigarettes, lottery tickets to customers automatically, after the customer inserts currency or credit into the machine. The first modern vending machines were developed in England in the early 20th century and dispensed postcards.Connected vending machine is the contactless payment-enabled vending machines that support both online payment and site payment. It can also calculate the amount of the sold products and send messages automatically when the products are going to be sold out.The first solutions for including connectivity in vending machines became commercially available already two decades ago. It has still taken years for the technology to gain the interest of mainstream vending operators. The market has nevertheless gained momentum in recent years as more and more vending operators have started to deploy cashless payment systems and vending telemetry solutions at a larger scale. Demand for cashless payments is currently the main market driver. However, vending telemetry is forecasted to have a more transformational effect on the industry in the future as these solutions enable vending operators to substantially improve their operational efficiency. The global installed base of connected vending machines grew by 16.22 percent to over 140 thousand units in 2014.
By Market Verdors:
Fuji Electric
Azkoyen Group
Crane
Jofemar
Westomatic
Seaga
Lone Star Funds
Deutsche Wurlitzer
Automated Merchandising Systems
Sielaff
Bianchi Vending Group
Royal Vendors
FAS International
SandenVendo
Fushi Bingshan
TCN Vending Machine
Fuhong Vending
Kimma

By Types:
Beverage
Commodity
Cigarette

By Applications:
Airport
Railway Station
School
Business Center

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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