What is the current Connected Vending Machine Market size?

The Connected Vending Machine Market is projected to register a CAGR of 15.60% during the forecast period (2024-2029) Read More

Who are the key players in Connected Vending Machine Market?

Azkoyen Group, Fuji Electric Co., Ltd., Evoca Group, Jofemar and Bianchi Vending Group S.p.A are the major companies operating in the Connected Vending Machine Market. Read More

Which is the fastest growing region in Connected Vending Machine Market?

Americas is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Connected Vending Machine Market?

In 2024, the Asia accounts for the largest market share in Connected Vending Machine Market. Read More

What years does this Connected Vending Machine Market cover?

The report covers the Connected Vending Machine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Connected Vending Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Connected Vending Machine Market Size & Share Analysis - Industry Research Report

Connected Vending Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Connected Vending Machine Market is Segmented by Product Type (Beverages, Snacks, Food, Confections, and Other Product Types), Application (Commercial Places, Corporate Offices, and Other Applications), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Connected Vending Machine Industry Overview

The connected vending machine market exhibits a moderate level of consolidation, featuring prominent players such as Azkoyen Group, Fuji Electric Co., Ltd., Crane Co., FAS International S.p.A., Bianchi Vending Group S.p.A, Rhea Vendors Group, Jofemar, Westomatic Vending Services Ltd., Evoca Group, and Royal Vendors. These key industry participants are actively implementing strategic approaches, including partnerships, innovations, mergers, and acquisitions, to strengthen their product portfolios and establish a sustainable competitive edge.

In March 2023, Daily Blends, an AI technology company, announced a significant milestone by securing USD 2 million in funding from prominent investors, namely San Francisco-based Hustle Fund and New York-based 2048 Ventures. This infusion of capital will empower the company to launch an AI-powered fresh food vending machine tailored to the Greater Toronto Hamilton area, catering to millions of commuters with high-quality, fresh food options.