Connect with us

Technology

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

Published

on

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302173104.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Brightview Senior Living Honored on U.S. News & World Report Best Senior Living Ratings for 2025

Published

on

By

More than 90 percent of communities voted on as “Best” status by residents and family members

BALTIMORE, April 17, 2025 /PRNewswire/ — Brightview Senior Living, a senior living owner, developer, and operator with 47 communities in eight states along the East Coast, has been recognized by U.S. News & World Report as a 2025 Best Senior Living recipient. Across the industry this year, fewer than half of the senior living communities evaluated by U.S. News earned a Best ranking — yet an impressive 93 percent of Brightview communities achieved this prestigious distinction. Brightview communities have ranked Best each year that they have partnered with U.S. News & World Reports on this annual list for all three categories: Independent Living, Assisted Living and Memory Care.

Brightview Senior Living Honored on U.S. News & World Report Best Senior Living Ratings for 2025

Now in its fourth year, the 2025 Best Senior Living ratings from U.S. News evaluated over 3,800 communities in the United States. Communities are evaluated on several criteria, including resident and family members’ satisfaction with safety, care, community management and staff, value and other services and amenities.

“At Brightview, we continue to drive the importance of maintaining happy, engaged associates which in turn, creates happy and engaged residents,” said Brightview Senior Living President and CEO Doug Dollenberg, Jr. “This remarkable recognition, awarded to over 90 percent of our communities, is a testament to the unwavering dedication of our associates. Their commitment to supporting not only our residents but also one another is what truly sets Brightview apart. Today and every day, we proudly celebrate the passion and hard work of our more than 6,000 associates who bring joy, vibrancy and a spirit of celebration to our communities.”

U.S. News awards the designation of “Best Senior Living” only to those communities that satisfy U.S. News’ rigorous, data-driven standard, reflecting the viewpoints from more than 450,000 consumer surveys. Only the highest-rated communities in each care level earned a “Best” rating.

“Choosing a senior living community is a big life decision for older adults and their loved ones. U.S. News’ Best Senior Living ratings offer families a data-driven search tool, providing transparent and comprehensive assessments of quality,” said Ben Harder, managing editor and chief of health analysis at U.S. News. “We commend the communities that have earned this distinction, reflecting their unwavering dedication to resident well-being and satisfaction.”

Brightview proudly operates in eight states, offering Independent Living, Assisted Living and Memory Care – Wellspring Village™– creating a personalized and hospitable approach to senior living. This accolade comes on the heels of Brightview’s inclusion on the annual Great Place To Work® and Fortune magazine’s 2025 Fortune 100 Best Companies to Work For® list, representing the only senior living company on the list.

For more information on the U.S. News Best Senior Living ratings, explore Facebook, Instagram, TikTok and X using #BestSeniorLiving. To learn more about Brightview, explore fulfilling career opportunities and find a community near you, visit BrightviewSeniorLiving.com.

About Brightview Senior Living: Brightview Senior Living builds, owns, and operates award-winning, vibrant senior living communities in eight states along the East Coast: Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. We offer senior Independent Living, Assisted Living, Enhanced Care, and Wellspring Village™, a specialized neighborhood for people living with Alzheimer’s disease and other forms of dementia.

Each of our Brightview Senior Living communities focuses on five elements of wellness which we call SPICE. Spiritual, Physical, Intellectual, Cultural, and Emotional. Our amenities and programs encourage active senior living communities and development in these areas, keeping residents active and healthy.

About the U.S. News & World Report: U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, personal finance, travel, automobiles, real estate, careers and consumer products and services.

View original content to download multimedia:https://www.prnewswire.com/news-releases/brightview-senior-living-honored-on-us-news–world-report-best-senior-living-ratings-for-2025-302430784.html

SOURCE Brightview Senior Living

Continue Reading

Technology

Advania Iceland Selects Corero Network Security to Deliver Scalable DDoS Protection for Critical Infrastructure

Published

on

By

LONDON, April 17, 2025 /PRNewswire/ — Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a new partnership with Advania Iceland, part of Advania Group, one of Northern Europe’s leading IT services providers. Under a three-year agreement, Corero will enhance the resilience of Advania’s Icelandic infrastructure by delivering advanced DDoS mitigation capabilities. The deployment will ensure continuous service availability for Advania’s enterprise and government customers, while also supporting compliance with national cybersecurity regulations.

The partnership reflects a shared commitment to resilient, high-availability services. By enhancing its DDoS defense capabilities, Advania can pursue cost-effective connectivity strategies and offer greater assurance to customers operating in sensitive sectors. For Corero, the collaboration reinforces its growing presence in the Nordics and its role as a trusted enabler of secure, performance-driven infrastructure.

“For both Corero and Advania, service availability is mission-critical. Their customers — including national agencies and essential infrastructure — can’t afford downtime. We’re honored to support Advania in delivering the peace of mind their clients demand, and proud to be part of a partnership built on trust, resilience and shared values,” said Carl Herberger, CEO of Corero Network Security.

“This product is something else! We implement many vendors, but seeing a product this mature is next level—both the software and the support from the professional team. We are amazed!” said Ólafur Helgi Haraldsson, Team Manager, Operational Solutions.

This collaboration is a strategic win for both companies. Advania gains an automated solution that ensures uptime, satisfies regulatory requirements and bolsters its competitive edge — helping retain critical customers and attract new ones. For Corero, the contract underscores its position as a key ally to service providers securing vital digital infrastructure across the region.

About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero’s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange’s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).

About Advania
Headquartered in Stockholm, Advania is a leading IT services provider in Northern Europe with 5,500 employees across 53 locations in nine countries. We serve about 9,000 enterprise customers who operate globally, combining international capabilities with strong local presence in their home markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/advania-iceland-selects-corero-network-security-to-deliver-scalable-ddos-protection-for-critical-infrastructure-302429634.html

SOURCE Corero Network Security

Continue Reading

Technology

Alithya Takes Oklahoma State University Medical Center Live with Oracle Workforce Scheduling

Published

on

By

ALPHARETTA, Ga., April 17, 2025 /CNW/ – Alithya Group inc. (TSX: ALYA) (“Alithya”), an Oracle partner, has successfully implemented Oracle Fusion Cloud Workforce Scheduling as part of a transformational Oracle Fusion Cloud Human Capital Management (HCM) implementation for Oklahoma State University (OSUMC) Medical Center. Oracle Workforce Scheduling, part of Oracle Cloud HCM, skillfully balances business needs, compliance, and the employee experience by connecting data from across the organization in one native cloud scheduling solution. It empowers employees with intelligent self-scheduling, and managers with real time workforce insights, to align staff more effectively for improved patient satisfaction. This implementation by Alithya marks the first live healthcare customer running Oracle Workforce Scheduling.

Quote by Oracle:

“This milestone underscores Oracle’s commitment to transforming healthcare by delivering innovative solutions on a single cloud platform,” said Lewis Thompson, Senior Vice President, HCM and SCM Product Development, Oracle. “We appreciate the trust OSU Medical Center has given us and our strong partnership with Alithya, whose expertise was instrumental in delivering a successful implementation. Together, we are driving meaningful change in healthcare.”

Quote by Alithya Oracle Practice:

“Our partnership with OSU Medical Center and Oracle reflects the trust our clients place in us to successfully implement new technologies that drive meaningful change,” said Mike Feldman, Senior Vice President, Alithya Oracle Practice. “This project showcases our Oracle team’s expertise and dedication to delivering solutions that empower healthcare organizations to operate more efficiently and strategically. In fact, we’ve helped clients go live with over 30 enterprise application projects in the last 12 months.”

About Oklahoma State University Medical Center:

Oklahoma State University Medical Center is one of the nation’s largest osteopathic teaching facilities. There are 12 residency programs and nine fellowship programs training more than 250 residents in primary care and sub-specialties annually. Along with providing a superior training ground for healthcare professionals, the Mission is to provide high-quality healthcare delivered with compassion for patients and their families.

About Alithya

Empowered by the passion and enthusiasm of a talented global workforce, Alithya is positioned on the crest of the digital wave as a trusted advisor in strategy and digital technology services. Transforming the world one digital step at a time, Alithya leverages collective intelligence and expertise to develop practical IT solutions tailored to complex business challenges. As shared stewards of its clients’ success, Alithya accompanies them through the full cycle of their digital evolutions, paving new roads to the future of their businesses.

Living up to its name, meaning truth, Alithya embraces a business model that avoids industry buzzwords and technical jargon to deliver straight talk provided by collaborative teams focused on three main pillars: strategic consulting, enterprise transformation, and business enablement.

About Oracle’s Partner Program

Oracle’s partner program helps Oracle and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

Trademarks

Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

View original content:https://www.prnewswire.com/news-releases/alithya-takes-oklahoma-state-university-medical-center-live-with-oracle-workforce-scheduling-302431011.html

SOURCE Alithya Group inc.

Continue Reading

Trending