PDF-Intelligent Vending Machines Market

incorporation of such smart solutions in stores is driving the sales and profitability of
the retail businesses, thereby accelerating the market demand.
Increasing applications of smart dispensing solutions at public transport hubs such as
airports, railways stations, and bus stands are predicted to accelerate the intelligent
vending machines market. The adoption of food & beverage-dispensing equipment in
these places is growing rapidly. These transportation hubs are engaged in
transforming their manual operational techniques to automated technologies. For
instance, the Indian Railways is investing heavily in automation. In June 2018, it
installed automatic food vending machines in the Coimbatore-Bengaluru UDAY
Express. These machines are operated using a tablet. Moreover, they are planning to
install such systems in several other trains in the future, accelerating intelligent
vending machines market.
Italy intelligent vending machine market, by application, 2017 & 2024 (USD
Million)
The Europe intelligent vending machines market is rapidly growing owing to the rising
adoption of smart technologies for serving customers in several application areas.
These machines are allowing customers to change their mode of payment to cashless
transactions. Countries including Sweden, Germany, France, the UK, and Italy are
developing various initiatives and programs to digitize the payment process. Sweden
is a leading country to adopt stringent guidelines for transforming itself into a cashless
economy. For instance, in 2013, some of the major banks including Nordea Bank,
SEB, and Swedbank refused to hand over physical currency to its customers in over
2 | P a g e