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Global intelligent vending machines market: 46% CAGR between 2012-2016

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Global Intelligent Vending Machines Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-12 08:01:02
The Global Intelligent Vending Machines market is to grow at a CAGR of 45.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the improved user interface of intelligent vending machines. The Global Intelligent Vending Machines market has also been witnessing rapid technological advancement. However, the increasing cost of rental space could pose a challenge to the growth of this market.

Rapid technological advancements and changing consumer preferences have forced vendors to develop innovative and more advanced intelligent vending machines. Vendors have discovered a huge potential in this market, which is motivating them to invest more in the RandD of intelligent vending machines. Furthermore, through an effective RandD process, vendors will be able to set proper technology standards which will be helpful in the production process. Thus the increased investment in RandD will lead to the development of highly efficient intelligent vending machines.

One of the major growth drivers is the availability of highly improved user interfaces in intelligent vending machines. Nowadays, these machines feature LCD screens that display qualitative information about the products stored within them.

Key vendors that are proving intelligent vending solutions are Cantaloupe Systems Inc., Coin Acceptors Inc., MEI, and USA Technologies Inc.

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