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Intelligent Vending Machines Market Size Worth $11.84 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, January 24, 2017 /PRNewswire/ -- The global intelligent vending machines market is expected to reach USD 11.84 billion by 2025, according to a new study by Grand View Research, Inc. The surge in the penetration of self-services technology across North America and Europe is anticipated to drive the industry growth over the next nine years. Intelligent vending machines incorporate energy efficient electronic equipment including efficient lighting components, such as LEDs, compressors, and sensors, that help in conserving energy. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) Industry players are progressively participating and promoting initiatives, such as Refrigerants and Naturally! that help in eliminating and minimizing the release of hydrofluorocarbons (HFC) from vending machines. This is subsequently impelling the demand for HFC-free products such as intelligent vending systems. The incorporation of ground-breaking features, such as voice and face recognition that enables interaction between the machine and the consumer, is energizing the industry growth prospects. These features add intelligence to the systems by detecting and responding to consumers and offer a dynamic visual experience with interactive promotions. The increasing consumer preference toward cashless payments is a favorable trend observed in the market. The acceptance of payments through technologies, such as Near-field Communication (NFC), is instrumental in driving public interest owing to the easier, faster, and contactless modes of payment. These modes help in decreasing the cash management costs and subsequently decrease threats such as theft and vandalism. Intelligent dispensing systems help in gaining insights regarding consumer behavior, preferences, and buying patterns. Interactive displays help vendors to generate more revenue through the display of advertisements and loyalty programs. Browse full research report with TOC on "Intelligent Vending Machines Market Size & Analysis By Type (Hot Drinks, Snacks, Packaged Drinks), By Application (QSR, Shopping Malls, & Retail Stores, Offices, Public Transport), By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/intelligent-vending-machines-industry Further key findings from the study suggest:
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Grand View Research has segmented the global intelligent vending machines market on the basis of type, application, and region:
Read Our Blog - Intelligent Vending Machines Market - IoT and assistive technologies energizing the industry About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: http://www.grandviewresearch.com SOURCE Grand View Research, Inc. 
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