PR85429

AI Powered Vending Machine Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2027- A Report by Absolute Markets Insights

PUNE,India September 8, 2020 /PRNewswire=KYODO JBN/ --

    - The global AI powered vending machine market was valued at US$ 4404.3 Mn

in 2018 and is anticipated to witness a compound annual growth rate of 16.25%

over the forecast period (2019 – 2027).

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    - Vending analytics performed by AI powered vending machine enables

businesses to provide enhanced customer experience along with personalized

marketing thus, propelling its demand in merchandise vending. Face recognition

software of ThinkPalm Technologies Pvt. Ltd. designed for vending machines has

further lead to intelligent user interaction.

    - COVID-19 pandemic has created the need for social distancing and

contactless form of delivery is on the rise. With intelligent mobile app based

transaction capabilities the growth of AI powered vending machine market

（https://www.absolutemarketsinsights.com/reports/AI-Powered-Vending-Machine-Market-2019-2027-655 ) is increasing at an increasing rate, in the current COVID-19

crisis.

    - Services such as restocking, training, technical support are witnessing

high demand and are expected to grow at the fastest growth rate over the

forecast period.

    - AI powered vending machines provide real-time data of products on the

shelf and about consumer demand, thus, facilitating efficient commodity

inventory management.

    - Growing popularity of fast, self-service models adopted by restaurants is

anticipated to create high demand for these machines in the future years.

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    - Asia Pacific region is expected to register highest growth rate in AI

powered vending machine market due to the growing demand from retail and other

industries.

    - Some of the players operating in the AI powered vending machine market

are Red Analytics Pty Ltd, DeepBlue Technology (Shanghai) Co., Ltd, Stockwell

AI, Inc., The Coca-Cola Company, Smart Vending Machines, MintM and YI Tunnel

amongst others.

    The detailed research study provides qualitative and quantitative analysis

of AI powered vending machine market. The supply side analysis covers the major

market players and their regional and global presence and strategies. The

geographical analysis done emphasizes on each of the major countries across

North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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    Source: Absolute Markets Insights