Lucintel’s latest market report analyzed that intelligent vending machine provides attractive opportunities in the office, community buildings, retail stores, and restaurants. The Intelligent vending machine market is expected to reach $11.1 billion by 2025 with a CAGR of 7.7%. In this market, a beverage is the largest segment by application, whereas an office is largest by end use industry. The increasing usage of advanced technologies, such as smartphone interaction with facial, gesture, and voice control system and usage of data analytics for enhanced customer experience provides strategic growth path in this market.
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Based on application type, the intelligent vending machine market is segmented into beverages, candy/snack, food, and others. The beverages segment is accounted for the largest share of the market in 2020 due to increasing demand for various beverages such as cold drinks, alcohol, juices and energy drinks and food is expected to register the highest CAGR during the forecast period, due to increasing demand for easily accessible and ready to eat food products.
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137 – Tables
113 – Figures
204 – Pages
The Intelligent vending machine market is marked by the presence of several big and small players. Some of the prominent players offering intelligent vending machine include Fuji Electric, Evoca, Selecta Group, Crane Merchandising System, Sanden, and Royal Vendors and others.
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