Intelligent Vending Machine Market in North America expected to reach over $14bn by 2025

Graphical Research has recently added a new report on North America Intelligent Vending Machine Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of North America Intelligent Vending Machine industry.

According to the Graphical Research new growth forecast report titled “North America Intelligent Vending Machine Market Size, By Product (Beverage, Food, Tobacco), By Application (Retail Sites, Public Transport Hubs, Offices/Institutions), 2019-2025”, estimated to be around USD 14 billion by 2025.

The growing adoption of smart solutions to automate the sales process in several application areas is increasing at a rapid pace, driving the North America intelligent vending machine market. The companies are collaborating with businesses to provide their customers with a more interactive shopping experience. For instance, in January 2019, PepsiCo, Inc, announced its partnership with Robby Technologies, which provides automation solution for the retail & warehouse industry. This partnership will help the company to develop a self-driving vending machine, Snackbot, that carries a variety of food & beverages. Such factors are driving the North America intelligent vending machine market.

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The demand for food-based vending machines in several application sectors, such as shopping malls, schools, and retail & public transport sites, can be witnessed in the North America intelligent vending machine market. These machines enable the food to be stored safely in a fresh environment to protect from getting contaminated by bacteria and/or microorganisms. Several major players in the North America intelligent vending machine market are installing machines that are efficient and sustainable, thereby promoting the consumption of healthy & nutritious food. For instance, Green Mustache announced its plans to implement more healthy vending machines across Canada in various places including schools and hospitals.

The application of these machines in retail sites for automating their outlets is encouraging retailers to adopt several intelligent vending platforms. The implementation of these machines helps retailers to enhance the customer experience. Moreover, these machines enable effective user experience and reduce operating costs while improving the efficiency of vending operations. Technology providers are offering several solutions such as IoT connectivity, remote manageability, and cashless payments. These players are partnering with equipment manufacturers for developing such smart solutions. The players are incorporating connected solutions to machines that help in gaining customers and transactional real-time data.

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The key players operating in the North America intelligent vending machine market are Azkoyen Group, Compass Group, Aramark Corporation, Hitachi, Ltd., Glory, Ltd., and IBM Corporation. These players are developing several solutions and targeting their offerings in retail outlets where the demand for these machines is high owing to the need for improving customer experience and associated sales. They are adopting several strategies to capture the demand & requirement of customers such as product differentiation, mergers, acquisitions, collaborations, and new product development.

Segments we cover:

North America Intelligent Vending Machine Market, By Product

Beverage
Food
Tobacco
Others

North America Intelligent Vending Machine Market, By Application

Retail sites
Public transport hubs
Offices/institutions
Others

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Related Reports :

Apac Intelligent Vending Machine Market : According to the Graphical Research new growth forecast report titled “Asia Pacific Intelligent Vending Machine Market Size, By Product (Beverage, Food, Tobacco), By Application (Retail Sites, Public Transport Hubs, Offices/Institutions), 2019-2025”, estimated to cross USD 10 billion by 2025. For More Information Visit : https://www.marketwatch.com/press-release/asia-pacific-intelligent-vending-machine-market-to-witness-10bn-growth-by-2025-2019-07-19

Europe Intelligent Vending Machine Market : According to the Graphical Research new growth forecast report titled “Europe Intelligent Vending Machine Market Size, By Product (Beverage, Food, Tobacco), By Application (Retail Sites, Public Transport Hubs, Offices/Institutions), 2019-2025”, estimated to cross USD 11 billion by 2025. For More Information Click : https://www.marketwatch.com/press-release/europe-intelligent-vending-machine-market-will-witness-aruond-4-cagr-up-to-2025-2019-07-19

Contact Info:
Name: Shashie Pawar
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1203/north-america-intelligent-vending-machine-market

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