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Number of connected vending machines grew 18%: report


March 2, 2015
By Canadian Vending

March 2, 2015, Gothenburg,
Sweden – The global installed base of connected
vending machines grew by 18.4 per cent to 1.16 million units in 2014, says a report by Berg Insights.

March 2, 2015, Gothenburg,
Sweden – The global installed base of connected
vending machines grew by 18.4 per cent to 1.16 million units in 2014, says a report by Berg Insights.

Around 0.56 million of these machines have been installed in North
America, whereas 0.15 million of the machines were located in Europe.
The number of connected vending machines in other parts of the world was
0.45 million, mainly in Japan and Australia, Berg Insights said in a news release. The research firm forecasts
that the number of connected vending machines worldwide will grow at a
CAGR of 18.5 per cent to reach 2.7 million units by 2019. As a result, it predicts,
the global penetration rate will reach 15.3 per cent at the end of the
forecast period.

The
connected vending market has gained momentum as vending operators have
started to deploy cashless payment systems and vending telemetry
solutions at a larger scale. The main market driver is currently
cashless payments, which has become more and more important as the world
moves from coins and bills to electronic payments such as credit cards
and mobile wallets. The report, entitled "Connected Vending Machines," suggests vending telemetry solutions will have a
more transformational effect on the industry in the coming years. “The
availability of machine data in real-time coupled with state-of-the-art
software platforms make it possible for vending operators to reach
entirely new levels of operational efficiency,” said Lars Kurkinen, senior analyst at Berg Insight. “Vending operators that learn how to
benefit from the real-time availability of vending machine data in the
best way will have the highest chances of prospering in the vending
industry in the next decade.”

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