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Over the decades since the first coin-op machines, vending machines have continued to grow in both size and complexity. Vending companies have also grown their offerings from candy and newspapers to specialty products that include hot food prepared while you wait and even the selection of a new vehicle. Payment methods have also evolved from coin-operated to cash and to credit, and debit cards to mobile and contactless forms.
Scope of the Report:
And while technology is becoming a key component of modern vending offerings, the industry is pursuing smart ways to reuse older vending machine cabinets by refurbishing outdated machines and giving them a new digitized life with touch screen displays, product nutritional information, and flexible payment methods. Specialty vendors have even redeployed vintage cigarette vending machines to dispense art.
The global Connected Vending Solutions market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Connected Vending Solutions.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Connected Vending Solutions market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Connected Vending Solutions market by product type and applications/end industries.
Market Segment by Companies, this report covers
- USA Technologies
- Novatel Wireless
- Pepsi
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Beverage
- Commodity
- Cigarette
- Other
Market Segment by Applications, can be divided into
- Airport
- Railway Station
- School
- Business Center
- Other