A vending machine automatically
dispenses various items such as beverages, snacks, alcohol, cigarettes, etc. to
customers, after the customers insert credit or currency into the machine. A
smart or intelligent machine, in general, is an intelligent machine that
follows the Machine-to-Machine (M2M) technology for its operations. The
intelligent vending machines market is anticipated to reach USD 11.8 billion by
2025, as per a new report published by Grand View Research, Inc.
Intel® IoT Retail Gateway Reference Design for
Intelligent Vending:
An alternative approach to
traditional vending machines is to combine all the operations of vending
machines on a single Intel® architecture processor-based board. This solution
can actually be cheaper than all the boards it substitutes. It also makes novel
feature incorporation much easier, which is an essential aspect when taking
investment decisions that take into consideration the appropriateness of
machines into the future.
Overview of Intel’s IoT Technology:
The Intel® “IoT Retail Gateway
Reference Design” for Smart or Intelligent Vending offers a great solution for
transforming conventional vending machines into Internet-connected
highly-capable machines that can drive business transformation, provide
consumer-engaging experiences, reduce operational prices, and support novel
transaction models. The major building blocks are vending machine Application
Programming Interface (API), an Intel® IoT Gateway, and vending machine I/O
(VMI) board.
Major Benefits:
Some of the key benefits of the
IoT Technology include:
· Reduces the risks related to design investments
since the technologies are reliable
· Abolishes the complexities related to vending
protocols by incorporating a vending machine API
· Enables business improvement on established
technologies that offer all things required to support sophisticated services
such as connectivity, computing power, manageability, security, etc.
· Facilitates the execution of novel
revenue-generating operations, such as product recognition or digital
advertising, without any extra platform investments
Market Overview:
The global intelligent vending machines market
is expected to grow rapidly from 2014 to 2025. The global market growth can be
attributed to the rising penetration of connected device and IoT technologies.
Some of the major companies operating in the intelligent vending machines
market are N&W Global Vending S.p.A.; Advantech Co. Ltd.; Westomatic
Vending Services Ltd.; and Bianchi Vending Group S.p.A.
In-Depth research report on intelligent vending
machines market :
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