DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Connected Vending Machine Market 2016-2020" report to their offering.
The report forecasts the global connected vending machine market to grow at a CAGR of 23.25% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
As the vending machine market is growing, vendors are looking for segments such as schools and colleges where they can create more demand. To cater to such places, firms are coming up with elegant and energy-efficient vending machines. It is also increasing the market for the indoor installation of the machines. Indoor vending machines occupy less space without reducing the variety of foods and beverages. Also, their power consumption is low.
According to the report, the retail industry is one of the major end-users of connected vending machines. This is primarily because of these machines' better interaction with customers at retail outlets. Moreover, many intelligent vending machines are used to collecting customer data, enabling retailers to customize their service and product offerings as per the needs of customers. In China and India, the retail industry is witnessing surging growth, indicating huge growth prospects in these regions for the vending machine market.
Further, the report states that high initial investment and cost of production restricts the market growth.
- Coin Acceptors Inc.
- Crane Co.
- Cubic Corp.
- Fuji Electric Co. Ltd.
- MEI Inc.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Industry overview
PART 06: Market landscape
PART 07: Market segmentation by location
PART 08: Market segmentation by product
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Buying behavior
PART 17: Vendor landscape
PART 18: Market summary
For more information visit http://www.researchandmarkets.com/research/nvfq6t/global_connecte