Intelligent Vending Machines Market to Witness Huge Growth by 2027

The new age intelligent vending machine includes a touch screen interface, increased security for transaction, mobile payments option, speech processing, anti-theft or anti-vandal cameras, multiple modes to transact, cashless system and remote management. Thus, improved user interface of intelligent vending machines is one of the key factors for its growth. By using a phone’s near-field communication technology, payments can be done faster. Increased regulations such as government mandated nutrition labeling in North America and improved energy efficiency in Asia Pacific are strong drivers for intelligent vending machines market. The nutrition labeling helps a consumer identify nutritional features about a given product. On the other hand, increasing energy efficiency of all electrical and electronic products is of prime importance. With the use of Intel Audience Impression Metrics Suite for anonymous facial recognition is expected to trigger demand for intelligent vending machines in the near future. On the contrary, growing regulations prohibiting junk food sales in schools and tobacco usage in public hamper the growth of intelligent vending machines market. Increasing diagnoses of cancer and other health hazards have alarmed the government to ban junk foods in schools and tobacco usage in public. Thus, such regulations hamper the growth of intelligent vending machines market. Return on investment (ROI) concerns, low operating margins and escalating rental space costs are hindering companies from investing in intelligent vending machines market. Building intelligent vending machines for blind people can be a future opportunity for manufacturers. In EMEA, Western European countries continue to be the hotbed for intelligent vending machines market. North America, Asia Pacific and ROW continue to be the potential markets for intelligent vending machines industry. Security threats and vandalism are expected to remain a major threat to the growth of intelligent vending machines market is lesser countries such as Poland and South Africa. Key vendors of intelligent vending machines include Cantaloupe Systems Inc., MEI Inc., USA Technologies Inc., and Coin Acceptors Inc.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?