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Intelligent Vending Machine Market size is set to grow by USD 27.38 billion from 2024-2028, Growing demand for cashless vending machines boost the market, Technavio

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NEW YORK, June 17, 2024 /PRNewswire/ — The global intelligent vending machine market size is estimated to grow by USD 27.38 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 29.82% during the forecast period. Growing demand for cashless vending machines is driving market growth, with a trend towards ability of real-time data collection through intelligent vending machines. However, rise in theft and vandalism poses a challenge. Key market players include Advantech Co. Ltd., Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Holdings Co., Digital Media Vending International LLC, Evoca Group, Fas International Srl, Fastcorp Vending LLC, Furukawa Electric Co. Ltd., Rhea Vendors Group Spa, Royal Vendors Inc., Seaga Manufacturing Inc., Selecta Group BV, Shanghai Linhan Information Technology Co. Ltd., Silkron Technology Sdn Bhd, The Wittern Group Inc., Vendors Exchange International Inc., and Westomatic Vending Services Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Intelligent Vending Machine Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 29.82%

Market growth 2024-2028

USD 27386.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.05

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, Japan, China, Germany, and UK

Key companies profiled

Advantech Co. Ltd., Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, Compass Group Plc, Crane Holdings Co., Digital Media Vending International LLC, Evoca Group, Fas International Srl, Fastcorp Vending LLC, Furukawa Electric Co. Ltd., Rhea Vendors Group Spa, Royal Vendors Inc., Seaga Manufacturing Inc., Selecta Group BV, Shanghai Linhan Information Technology Co. Ltd., Silkron Technology Sdn Bhd, The Wittern Group Inc., Vendors Exchange International Inc., and Westomatic Vending Services Ltd.

Market Driver

Intelligent vending machines offer advanced functionalities beyond product dispensing. These include operations, inventory, and customer management, as well as digital advertising and content management. Real-time data collection through internet-enabled software allows retailers to analyze customer behavior and preferences, enabling them to focus on distribution and product quality.

The market for intelligent vending machines is growing due to the incorporation of real-time data collection technology, which increases sales value and volume. This trend is driven by the use of machine learning algorithms, cloud-based servers, and software analytics to manage large customer data sets. 

The Intelligent Vending Machine market is experiencing significant growth due to advancements in technology. These machines use advanced features like facial recognition, contactless payment, and real-time inventory management.

Consumers prefer contactless transactions, making cashless payment systems essential. Furthermore, the use of artificial intelligence and machine learning enables personalized offerings and improves overall efficiency. Additionally, the integration of cloud technology allows for remote monitoring and management. Companies are focusing on customizable designs and user-friendly interfaces to cater to diverse consumer needs. The market is expected to continue expanding as technology continues to evolve. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Intelligent vending machines, designed for self-operation, face challenges in the global market due to rising vandalism, particularly in APAC. The lightweight design makes these machines an easy target for fraudsters. Vandalism and hacking through mathematical codes are major concerns.Video surveillance has been implemented to prevent thefts, but the threat of information security with the use of connected devices is a growing challenge that could hinder market growth.The Intelligent Vending Machine market is experiencing significant growth due to the integration of advanced technologies such as artificial intelligence and contactless payment systems. However, challenges persist in areas like data security, inventory management, and customer experience.Ensuring secure data transmission and protection is crucial to prevent unauthorized access and maintain consumer trust. Efficient inventory management is necessary to avoid stockouts and overstocks, which can negatively impact sales and profitability. Lastly, providing a seamless and personalized customer experience is essential to differentiate from competitors and build brand loyalty. These challenges require continuous innovation and investment to stay competitive in the Intelligent Vending Machine market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Product 1.1 Beverage1.2 Food1.3 TobaccoInstallation Sites2.1 Retail sites2.2 Public transport hubs2.3 OfficesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Beverage- The beverage segment dominates the global intelligent vending machine market, accounting for the largest share in 2023. Countries like Spain, Germany, and the UK drive significant beverage sales, particularly in alcoholic beverages such as beer. This trend has encouraged retailers to incorporate vending machines in their stores, leading to substantial market growth for beverages during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Intelligent Vending Machine market is experiencing significant growth due to the increasing adoption of touch-screen controls, UI-based transactions, and cashless payments in retail environments. Shoppers are drawn to the immediate gratification offered by these advanced machines, which provide video and audio displays, scent options, and even gesture-based interaction.

Rapid digitization and regulatory encouragement have led to the widespread implementation of networking technologies and real-time inventory management systems. Sustainability and environmental concerns are also driving the market, with eco-friendly features becoming increasingly important.

Urbanization and changing lifestyle patterns have increased the demand for convenient access to packaged food, beverages, and tobacco products. Initial investment expenditures for intelligent vending machines may be high, but the long-term benefits, including customer engagement and monitoring sensors, make them a worthwhile investment. Credit/Debit cards and mobile banking are common payment methods for these machines, further enhancing their appeal.

Market Research Overview

The Intelligent Vending Machine Market is experiencing significant growth due to the integration of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things. These technologies enable vending machines to offer personalized recommendations based on consumer preferences and behavior. Additionally, contactless payment options and remote monitoring capabilities are driving the market’s expansion.

The market is segmented by product type, application, and end-user. Intelligent vending machines are used in various sectors, including healthcare, education, retail, and transportation. The market is expected to continue growing due to increasing urbanization, rising consumer expectations, and the need for convenience. Furthermore, governments and organizations are investing in smart city initiatives, which will further boost the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductBeverageFoodTobaccoInstallation SitesRetail SitesPublic Transport HubsOfficesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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PRISM BioLab and Elix Join Forces to Accelerate AI-Driven Drug Discovery for Protein-Protein Interaction Targets

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Strategic Partnership Aims to Create Novel Drug Discovery Pipeline for Unmet Medical Needs by Combining PPI Control Technology with AI Drug Discovery Platform

TOKYO, April 14, 2025 /PRNewswire/ — PRISM BioLab, Co. Ltd. (“PRISM BioLab”), a leading discovery and development biotechnology company designing small molecule inhibitors of protein-protein interaction (PPI) targets, today announced that it has entered into a drug discovery collaboration with Elix, Inc. (“Elix”), effective April 1, 2025.

This partnership will accelerate research on these challenging molecular targets by combining PRISM BioLab’s proprietary peptide mimetic technology for controlling protein-protein interactions with Elix’s cutting-edge AI drug discovery platform.

In drug discovery, generating a clinical candidate molecule typically takes long time and requires synthesis of hundreds to thousands of compounds, making research and development efficiency a critical challenge. Through this partnership, PRISM BioLab’s proprietary small molecule peptide-mimetic PepMetics® technology will be integrated with Elix’s AI drug discovery platform “Elix Discovery™.” This collaboration will expand the AI search range to include previously unconsidered small molecules, enabling efficient identification of promising compounds for traditionally difficult targets and accelerating the creation of breakthrough drug candidates. By leveraging both companies’ AI capabilities and medicinal chemistry expertise, the partnership aims to reduce time and costs and improve success rate of drug discovery, ultimately delivering innovative treatments for unmet medical needs.

Comments from Executives

Elix co-founder and CEO Shinya Yuki, Ph.D.:

In our previous pilot project with PRISM BioLab, we achieved breakthrough results by creating novel compound candidates with an efficiency that would be unimaginable using conventional approaches. This success clearly demonstrated that the combination of our companies’ technologies and expertise holds tremendous potential in drug discovery. I am genuinely looking forward to this business partnership, where we can leverage our complementary strengths to pursue outcomes that neither company could achieve alone.

PRISM BioLab CEO Dai Takehara:

As we challenge ourselves to ‘create new areas of drug discovery’ with peptide-mimetic small molecules, AI utilization is essential. We expect our efforts to be significantly accelerated through collaboration with Elix, whose mission is to ‘rethink drug discovery.’ Our pilot project has already demonstrated the synergistic effect of our technologies and team collaboration, and we will continue to pursue the early creation of groundbreaking new drugs together.

PRISM BioLab CTO Tatsuya Toma Ph.D.:

Improving drug discovery efficiency is an eternal challenge. Delivering better medicines to patients and healthcare professionals as quickly as possible requires innovation. Our PepMetics® technology has characteristics that are highly compatible with AI applications. Elix is not only a professional in AI and machine learning but also expanding their knowledge and understanding of drug discovery while maintaining a flexible corporate culture. They have shown great interest in PepMetics® features, and I believe we can advance comprehensive drug discovery research together, leveraging PepMetics® characteristics to accelerate the process.

About Elix

Elix is an AI drug discovery company with the mission of “Rethinking drug discovery”. Through their flagship software platform, Elix Discovery™, and collaborative consulting engagements, they work with leading pharmaceutical companies and biotech startups to reduce the enormous costs and time associated with drug discovery, while improving the rate of successful outcomes. They achieve these goals via their company’s unique blend of AI engineering and medicinal chemistry expertise that allows them to stay at the forefront of development in both fields, and offer the solutions of tomorrow to the problems of today.

https://www.elix-inc.com/ 

About PRISM BioLab

PRISM BioLab is a discovery and development biotechnology company utilizing proprietary PepMetics® technology to discover orally available small molecule inhibitors of protein-protein interaction (PPI) targets and transform lives of patients suffering from cancer, autoimmune, fibrosis and other diseases. PepMetics® are a unique class of small molecules that mimic three-dimensional structures of alpha-helix and beta-turn, the peptide structures commonly found in intracellular PPI interphases and receptor-ligand interactions. By combining proprietary chemistry, know-how around PPI targets and AI-supported design, PepMetics® technology can deliver inhibitors of challenging PPI targets. The technology holds promise to expand the field of drug discovery by turning previously undruggable PPIs into targets readily druggable with small molecules and by generating oral small molecule alternatives for injectable biologics.

PRISM BioLab is collaborating on new PPI targets with global and Japanese pharmaceutical companies. PepMetics® targeting CBP/beta-catenin PPIs licensed to Eisai Co., Ltd. and Ohara Pharmaceutical Co., Ltd. are in clinical development for cancer and liver disease, respectively.

www.prismbiolab.com

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SOURCE PRISM BioLab Co., Ltd.

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RIAD Corp. reveals AI-powered hotel group booking platform Ria at ITB Berlin 2025

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BERLIN, April 14, 2025 /PRNewswire/ — Riad Corporation, a leading AI-powered travel technology company, successfully launched its flagship product, RIA 1.0, at ITB Berlin 2025, one of the world’s largest travel trade shows. The company attracted over 300 visitors to its booth and secured 150 enterprise client sign-ups during the three-day event, marking a major milestone for its global expansion.

RIA 1.0 is an advanced AI platform that fully automates group hotel reservations, tailored for travel agencies and corporate clients handling complex requirements. Unlike traditional systems, RIA enables both direct bookings and customized group requests, processed entirely by AI without manual work. The platform simplifies large-scale, multi-hotel bookings — tasks that usually take days — completing them in minutes.

During ITB Berlin, Riad Corporation presented live demonstrations showing how RIA’s AI engine handles diverse, high-volume booking scenarios. Attendees praised its intuitive interface, seamless integration, and real-time responses to specific client needs, including corporate events, MICE bookings, and incentive groups.

Mike Lee, CEO of Riad Corporation, commented, “Meeting so many global partners at ITB Berlin was truly meaningful, and we are proud to showcase our technology to the world,” adding, “We will continue to focus on R&D to deliver stronger innovations and achieve greater success globally.”

In addition, Riad Corporation announced plans to launch AI-based group flight booking services later this year, transforming RIA into a comprehensive group travel platform covering both hotels and flights.

RIA has already gained momentum in Southeast Asia, with over 800 enterprise clients, and aims to reach 2,000 clients by the end of 2025.

Riad Corporation’s strong debut at ITB Berlin reflects rising demand for AI-driven solutions in travel. As group travel grows more complex, RIA 1.0 is positioned to lead the market with unmatched speed, accuracy, and automation.

For more information about Riad’s solution RIA, visit ‘www.ria-travel.com‘.

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GameChange Solar Closes FY 25 in India with Strong Order Momentum

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Order bookings exceed 7 GW in FY25Total India projects (commissioned as well as under installation) cross 13 GWOver 20 GW local manufacturing capacity for key components

BENGALURU, India , April 14, 2025 /PRNewswire/ — GameChange Solar, a leading global supplier of solar tracker and fixed-tilt racking technology, has closed FY 25 on a strong note in the Indian market, with total order bookings of 7 GW. Of this, nearly 2 GW of tracker orders were signed in Q4 FY 25, marking a robust end to the financial year.

With this milestone, GameChange Solar’s total projects in India (commissioned as well as under installation) have now exceeded 13 GW, reinforcing its position as a trusted technology partner in the country’s growing utility-scale solar segment. A significant portion of these new orders represents repeat business from clients, reflecting GameChange Solar’s proven performance, consistent execution, and customer-first approach.

To support this growth, the company’s local manufacturing capacity for key components has surpassed 20 GW annually, enabling faster deliveries and stronger alignment with project timelines.

India continues to be one of the most exciting and dynamic solar markets globally, and this strong finish to FY 25 reflects the valued relationships we’ve built with our customers and the reliability of our Genius Tracker™ systems,” said Vikas Bansal, President – International at GameChange Solar. “What’s particularly encouraging is the consistency of demand across states, developer profiles, and project sizes – from first-time engagements to repeat orders. It shows that the market isn’t just growing, it’s maturing, and there’s a clear preference for scalable, execution-focused partners who can deliver at speed.”

GameChange Solar’s Genius Tracker™ solutions are engineered for high-wind, high-heat environments – combining speed, structural durability, and precision tracking to maximize output and reduce project timelines. Their versatility makes them ideally suited for India’s diverse terrains and aggressive commissioning schedules.

For more information about GameChange Solar and its solar tracking solutions, visit www.gamechangesolar.com

About GameChange Solar

GameChange is the second largest global provider of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 43 GW of solar tracker and fixed tilt systems that combine fast installation, bankable quality, and unbeatable value through superior engineering, innovative design, and high-volume manufacturing. Our products enable solar panels at power plants to follow the sun’s movement across the sky and optimize plant performance while protecting the array from damaging weather conditions.

Media Contact

Nisha Wadhwani

Lead – Marketing, GameChange Solar

nisha.wadhwani@gamechangesolar.com

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