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Connected Vending Machines: 3rd Edition - Global Penetration Rate Will Reach 32.2% by 2022 - ResearchAndMarkets.comThe "Connected Vending Machines - 3rd Edition" report has been added to ResearchAndMarkets.com's offering. The global installed base of connected vending machines reached an estimated 2.6 million units in 2017. North America represents the largest share of around 1.3 million of these machines, whereas the corresponding number for the European market is 0.6 million. The number of connected vending machines in other parts of the world totaled an estimated 0.7 million units at the end of 2017, mainly in Japan and Australia. It is forecasted that the number of connected machines worldwide will grow at a compound annual growth rate (CAGR) of 16.2 percent to reach 5.4 million units by 2022. As a result, the global penetration rate will reach 32.2 percent at the end of the forecast period. The global market for connected vending solutions is served by a variety of players. Many of the leading providers are specialised technology companies offering connected vending telemetry and cashless payment solutions. USA Technologies (News - Alert) is following the acquisition of Cantaloupe Systems in 2017 clearly number one in terms of installed base. The report adds that other leading technology suppliers include Ingenico Group, Nayax and Televend (INTIS). Vianet (News - Alert) Group, Vendon and Vendwatch Telematics are additional examples of technology players with relatively significant installed bases. Numerous vending machine manufacturers are also active in the connected vending space, either directly by developing proprietary solutions in-house, or by partnering with established vending telemetry and cashless paymnt solution providers. The manufacturer Crane even holds one of the leading positions from a global perspective through Crane Connectivity Solutions with a total of 400,000 connected machines. In line with developments observed on other M2M/IoT markets which have reached a higher level of maturity, the report estimates that this space also will be dominated by a few multinational players having global installed bases of hundreds of thousands of connected vending machines. The milestone of one million connected vending machines on the same platform is expected to be surpassed already in 2020. Key Highlights
Companies Mentioned
Key Topics Covered 1 Introduction 1.1 Overview of the vending machine industry 1.2 Vending industry players 2 Vending telemetry and cashless payments 2.1 Vending telemetry and software 2.2 Payment systems 3 Company profiles and strategies 3.1 Vending telemetry and cashless payment solution providers 3.2 Vending machine manufacturers 3.3 Vending operators 4 Forecasts and conclusions 4.1 Major connected vending technology suppliers 4.2 Market forecasts 4.3 Market trends and drivers For more information about this report visit https://www.researchandmarkets.com/research/5fqmr6/connected_vending?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180508006801/en/ |
