Connected Vending Market

“Connected Vending Market - Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global connected vending market. Connected vending is a system where vending machines are connected via the Internet of Things (IoT) technology. This enables numerous vending machines across different food and market chain outlets to be operated remotely from a single office. An individual device sends real-time alerts for payments, inventory and system errors using telemetry. This data allows managers to pre-kit their supplies and cut down on spoilage and operational costs while ensuring faster resolution of potential issues.

The global market is majorly driven by the increasing preference for cashless payments. Along with the continual improvements in the network infrastructure across the globe, there has been a considerable rise in the uptake of connected devices, thereby creating a positive outlook for the market. In addition to this, the rising demand for self-service solutions and the escalating consumption of packaged foods are also acting as major growth-inducing factors.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the connected vending market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the connected vending market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the connected vending market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the connected vending industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the connected vending industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the connected vending industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the connected vending industry. Furthermore, the value chain analysis of the connected vending industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Connected Vending Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the connected vending Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.