The installed base of connected vending machines worldwide will reach 5.4 million by 2022. The global installed base of connected vending machines reached an estimated 2.6 million units in 2017. North America represents the largest share of around 1.3 million of these machines, whereas the corresponding number for the European market is 0.6 million. This report forecasts that the number of connected machines worldwide will grow at a compound annual growth rate (CAGR) of 16.2 percent to reach 5.4 million units by 2022.
Connected Vending Machines report analyses the latest developments on the vending telemetry and cashless payment market worldwide.
This strategic research report provides you with 90 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Highlights from the third edition of the report:
- Detailed analysis of the vending industry.
- Summary of the latest industry trends and developments.
- Updated in-depth profiles of key players in the vending telemetry and cashless payment markets.
- Reviews of vendor market shares and competitive dynamics.
- Perspectives on the impact of mobile wallet services.
- Extensive global and regional market forecasts lasting until 2022.
This research report answers the following questions:
- How many of the world’s vending machines are online today?
- What is the potential market size for vending telemetry solutions?
- Which trends and developments are shaping the market?
- Which are the leading vending telemetry and cashless payment system vendors?
- When will cashless payments be commonplace in the vending industry?
- How will emerging mobile wallet services affect the market?
Who should buy this research report?
Connected Vending Machines is the foremost source of information about the adoption of wireless M2M solutions in the vending industry. Whether you are a device vendor, service provider, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.
1.1 Overview of the vending machine industry
1.2 Vending industry players
1.2.1 Vending technology providers
1.2.2 Vending machine manufacturers
1.2.3 Product suppliers
1.2.4 Vending operators
2 Vending telemetry and cashless payments
2.1 Vending telemetry and software
2.1.1 Remote monitoring of vending machines
2.1.2 Vending management systems
2.2 Payment systems
2.2.1 Coin mechanisms and bill validators
2.2.2 Cashless payments
2.2.3 Mobile phone payments and NFC
3 Company profiles and strategies
3.1 Vending telemetry and cashless payment solution providers
3.1.1 Cantaloupe Systems (USA Technologies)
3.1.2 Connected Molecules
3.1.3 Cumulocity IoT (Software AG)
3.1.4 Deutsche Telekom
3.1.6 Ingenico Group
3.1.10 On Track Innovations
3.1.11 Parlevel Systems
3.1.15 Televend (INTIS)
3.1.16 USA Technologies
3.1.19 Vendwatch Telematics
3.1.20 Vianet Group
3.2 Vending machine manufacturers
3.2.1 Automated Merchandising Systems
3.2.2 Azkoyen Group
3.2.3 Bianchi Vending Group
3.2.5 EVOCA Group
3.2.6 FAS International
3.2.7 Fastcorp Vending
3.2.8 Fuji Electric
3.2.10 Rheavendors Group
3.2.11 Royal Vendors (Coinco)
3.2.17 Wittern Group
3.3 Vending operators
3.3.3 Coca-Cola Amatil
3.3.4 IVS Group
3.3.5 Pelican Rouge Group (Selecta)
4 Forecasts and conclusions
4.1 Major connected vending technology suppliers
4.1.2 North America
4.1.3 Rest of World
4.2 Market forecasts
4.2.1 North American connected vending machine market forecast
4.2.2 European connected vending machine market forecast
4.2.3 Rest of World connected vending machine market forecast
4.3 Market trends and drivers
4.3.1 The business case for vending telemetry continues to improve
4.3.2 Cashless payments is a strong driver for adding connectivity in vending
4.3.3 Mobile wallet services enable new opportunities
4.3.4 Roll-out of micro markets cannibalises on the vending machine park
4.3.5 M&As drive consolidation in the connected vending technology landscape
List of Figures:
Figure 1.1: Vending machine density by region (World 2016)
Figure 1.2: Examples of vending machines
Figure 1.3: Installed base of vending machines by country (EU 28+2 2016)
Figure 1.4: Examples of product suppliers and brands
Figure 2.1: Bill validator and coin mechanism examples
Figure 2.2: Examples of cashless payment devices for open and closed systems
Figure 2.3: ePort device from USA Technologies supporting NFC-based mobile payments
Figure 3.1: Cantaloupe Systems’ Seed Device
Figure 3.2: Connected Molecules gateway and web interface for vending machines
Figure 3.3: Schematic overview of Cumulocity VendMe
Figure 3.4: Ingenico iSelf series devices used for vending machines
Figure 3.5: Overview of Ingenico Group’s iSelf-Vending offering
Figure 3.6: Nayax’s VPOS Touch all-in-one solution for cashless payments & telemetry
Figure 3.7: OTI’s TRIO 3-in-1 contactless, chip and magstripe reader
Figure 3.8: Parlevel Box telemeter, Parlevel Pay card reader and Parlevel VMS interface
Figure 3.9: Silkron’s Vendron Box for smart vending functionality
Figure 3.10: Televend system overview
Figure 3.11: Televend Web App Dashboard
Figure 3.12: Televend devices and mobile apps
Figure 3.13: Schematic overview of USA Technologies’ ePort Connect offering
Figure 3.14: Vagabond Insight hardware, VMS cloud software suite and viv app interface
Figure 3.15: Vendon Cloud, vBox hardware unit and mobile app from Vendon
Figure 3.16: Vianet telemetry device for vending machines
Figure 3.17: Product portfolios of vending machine manufacturers (2018)
Figure 3.18: The Coges ENGINE with integrated telemetry
Figure 3.19: Crane Navigator and MEI Easitrax Advance 5000 telemetry devices
Figure 3.20: Crane’s eChoice4 reader
Figure 3.21: Jofemar’s J-LINK Gateway device used for J-SUITE telemetry
Figure 3.22: Sanden Moderno.M2 communications terminal
Figure 3.23: Schematic overview of UNICUM’s UONLINE telemetry system
Figure 3.24: Coca-Cola Amatil’s QuickTap cashless payment solution
Figure 3.25: Moneytor Vending Box
Figure 3.26: Selecta’s connected/cashless machine roll-out
Figure 4.1: Installed base of connected vending machines by vendor (World 2017)
Figure 4.2: Installed base of connected vending machines by vendor (Europe 2017)
Figure 4.3: Installed base of connected vending machines by vendor (N. America 2017)
Figure 4.4: Installed base of connected vending machines (World 2017–2022)
Figure 4.5: Connected vending machine market forecast (North America 2017–2022)
Figure 4.6: Connected vending machine market forecast (Europe 2017–2022)
Figure 4.7: Connected vending machine market forecast (Rest of World 2017–2022)
The global installed base of connected vending machines reached an estimated 2.6 million units in 2017. North America represents the largest share of around 1.3 million of these machines, whereas the corresponding number for the European market is 0.6 million.
The number of connected vending machines in other parts of the world totaled an estimated 0.7 million units at the end of 2017, mainly in Japan and Australia. It is forecasted that the number of connected machines worldwide will grow at a compound annual growth rate (CAGR) of 16.2 percent to reach 5.4 million units by 2022. As a result, the global penetration rate will reach 32.2 percent at the end of the forecast period.
The global market for connected vending solutions is served by a variety of players. Many of the leading providers are specialised technology companies offering connected vending telemetry and cashless payment solutions. USA Technologies is following the acquisition of Cantaloupe Systems in 2017 clearly number one in terms of installed base. The report adds that other leading technology suppliers include Ingenico Group, Nayax and Televend (INTIS). Vianet Group, Vendon and Vendwatch Telematics are additional examples of technology players with relatively significant installed bases. Numerous vending machine manufacturers are also active in the connected vending space, either directly by developing proprietary solutions in-house, or by partnering with established vending telemetry and cashless payment solution providers. The manufacturer Crane even holds one of the leading positions from a global perspective through Crane Connectivity Solutions with a total of 400,000 connected machines.
In line with developments observed on other M2M/IoT markets which have reached a higher level of maturity, the report estimates that this space also will be dominated by a few multinational players having global installed bases of hundreds of thousands of connected vending machines. The milestone of one million connected vending machines on the same platform is expected to be surpassed already in 2020.
- Cantaloupe Systems
- Connected Molecules
- Cumulocity IoT
- Deutsche Telekom
- Ingenico Group
- On Track Innovations
- Parlevel Systems
- USA Technologies
- Vendwatch Telematics
- Vianet Group
- Automated Merchandising Systems
- Azkoyen Group
- Bianchi Vending Group
- EVOCA Group
- FAS International
- Fastcorp Vending
- Fuji Electric
- Rheavendors Group
- Royal Vendors
- Wittern Group
- Coca-Cola Amatil
- IVS Group
- Pelican Rouge Group
The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.
The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.
The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.