A vending machine dispenses products such as
drinks, snacks, cigarettes, etc. on inserting credit or currency into it. An
intelligent or a smart machine is a machine that utilizes Machine-to-Machine
(M2M) technology for all its operations. The intelligent vending machines
market is said to reach nearly USD 12 billion by 2025, according to a study
report by Grand View Research, Inc. However, the growing regulations associated
the sales of junk food items at places like schools and the prohibition of
unsafe confectionery items, such as cigarettes, may hamper the growth of the
global market.
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The Internet of Things (IoT) Retail Gateway
Reference Design by Intel® for intelligent vending is an innovative solution to
re-architect the usual vending machines into Internet-connected, avant-garde
machines. Such highly-developed machines can support novel transaction models,
lower the operational costs, offer customer engaging experiences, and drive
business transformation. It is an all-in-one vending architecture that eases
software management decreasing the risks of design investments as these are
reliable technologies. The major building blocks comprise a vending machine I/O
(VMI) board, a vending machine API, and an Intel® IoT Gateway.
The Intel® IoT Retail Gateway Reference Design
for intelligent vending also enables business innovations on technologies that
offer connectivity, computing power, manageability, security, etc. to support
highly developed services. It also facilitates the implementation of novel
revenue-generating functions, for example, digital advertising, without any
additional platform investment.
The worldwide intelligent vending machines market
is estimated to have lucrative growth over the forecast period (from 2014 to
2025). The key companies operating in the global industry for intelligent
vending machines are Advantech Co. Ltd.; Azkoyen Group; Bianchi Vending Group
S.p.A; N&W Global Vending S.p.A.; Westomatic Vending Services Ltd.; and FAS
International S.p.A.
The market participants are focusing mainly on
integrating inorganic growth strategies by obtaining comparatively smaller
companies and other ecosystem companies. For example, in October 2015, Bianchi
Vending S.p.A. obtained Brasilia—an espresso machines manufacturer—to expand
their hotel, restaurant, catering (HORECA) business. These market players are
also focusing on collaborating with various other companies in order to enhance
their market position and share.
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