Intelligent Vending Machine Market

Intelligent vending machine market scope.

Intelligent vending machine market.

The remote management of intelligent vending machines is one of the key propositions for deployment of such machines by retailers around the world. Based on product intelligent vending machine market is segmented into beverage food tobacco and others. Intelligent vending machine market size surpassed usd 11 billion in 2017 and will grow at a cagr of over 15 from 2018 to 2024 driven by increased adoption of interactive technologies in various application areas. Intelligent vending machine market size is forecast to grow by usd 9 33 billion during 2020 2024 at a cagr of 22 with beverage segment having largest market share.

Growing use of these vending machines to obtain packaged drinks has spurred prospects in the intelligent vending machines market. The global intelligent vending machine market is segmented on the basis of type application and geography. Based upon application the market is classified into retail sites public transport hubs offices institutions and others. Preference of adolescents and adults for instant refreshment has nudged them to use such vending machines.

Get more details on this report request free sample pdf. The focus of vending healthy foods to consumers through intelligent vending machines has opened a new avenue. Intelligent vending machine market analysis indicates that growing demand for cashless vending machines will drive market growth. The global intelligent vending machines market is estimated to value at nearly us 6 5 bn in 2019 and is expected to register a cagr of 11 2.